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- π’DEAR ESTEEMED COMMUNITY.π’
- We apologised for the long silence, It is all for the best.
- Ever since the project was created, Scott @lothlor have been working to ensure
- it's sustainability and usefulness. Scott came up with different ideas but all failed.
- A few months ago, He made an announcement about an Index Token, hoping it will be a turn
- of event, however was short-lived as a result of certain errors.
- The idea of an indexed token coupled with a deflationary feature seems about what is needed to
- make the project demanding, This made me went back to work and maintain this long silence, however, with the help of @bakreemah
- and @khang365, this community has been able to survive, and together the three of us have been trying to ensure you are being rewarded in away
- or the other. We understand at some point, the community lost interest in the project, this will understood the reasons, and you can't blame it entirely on us,
- coupled with the Pandemic, things just wen from bad to Worse.
- THE PRESENT
- Regardless of the situation the world is currently facing, we did not stop working. Last month I was able to
- solve the puzzle have been long trying to solve, and I was able to come up with a positive result.
- On this note, I will like to announce that all our token suite will be decommissioned:
- BURN, ASH, CNR.
- Yes, we are getting them out of picture, however replacing them with something far better.
- An Indexed Deflationary Token.
- THE FUTURE
- STATERA [STA]; An Indexed Portfolio Token with a Deflationary attribute.
- This new token is a portfolio of some ERC-20 tokens including ETH itself.
- STA has already been deployed, and awaiting listing on some exchangers.
- While we awaits listing on other exchangers, STA can be currently traded on: https://beta.balancer.exchange/#/swap/ether/0xe343245de92181bc06ba5cd1152c705a2c5f3e2f
- AS of now, you can only buy STA with either ETH, MKR, SNX, LINK, DAI, sUSD, or DZAR.
- currently, 1 DAI = 3k STA.
- STATERA TOKEN DETAILS:
- TOKEN CONTRACT ADDRESS:
- https://etherscan.io/token/0xe343245DE92181bc06ba5Cd1152C705A2C5F3E2F
- TOKEN CONTRACT PORTFOLIO:
- https://etherscan.io/tokenholdings?a=0x1b09173a0ffbad1cb7670b1a640013c0facfb71f
- THE INDEX PORTFOLIO INCLUDES:
- 70% of Volatile markets: ETH, MKR, SNX, LINK.
- 30% of Stability: DAI, sUSD, DZAR.
- This tokens can be replaced depending on the community opinion and the performance of the tokens.
- 50 ETH has been added by DEV team to start.
- How it works; if user buys STA with ETH then the ETH gets split in the ratios above.
- TOKEN SUPPLY: 100 MILLION
- 80% of the supply goes into the Smart Index Contract;
- 10% goes to Uniswap liquidity;
- 10% will be kept with me for future development or community reward purpose.
- As you can see, we have been having it really rough, but we are glad we came out with something positive at the end of the day!
- Note, all BURN and ASH token holders will be rewarded for their support.
- Further announcement will be made regarding decommissioning of other tokens.
- Thank you for being with us all this way and for your understanding, we hope this opens a new door to
- something great within this ecosystem.
- We also wish you safe stay wherever you are as this Pandemic continues to sweep across the World.
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