The PUBLISH0X community can now make, receive, and withdraw tips in Statera (STA) on the Fantom Network without Ethereum's insane gas fees — a welcome change!
I had never heard of Statera before Thursday's announcement. Here's my initial research for other Publish0x users interested in learning all they can about their new tip source.
Statera by-the-numbers
Statera's small market cap of $7.07 million ranks it 1312th on CoinGecko's market cap rankings list. Statera currently trades at $0.089 per token — an 81 percent decrease from its $0.466 all time high reached August 11, 2020.
Statera debuted on CoinGecko May 24, 2020 for $0.00137 per token — $1.37e-3 in scientific notation — and reached its lowest value shortly after on May 29, 2020 when it briefly traded for $1.54e-6 per token. Statera's price graph shows it largely traded above $0.01 for most of its short lifespan so far.
High-level tokenomics
Statera's contract burns one percent of every transaction, making it inherently deflationary. Statera initially minted 101 million tokens, of which 79.2 million still exist at press time — a 21 percent reduction attributed to transaction burns. I couldn't find any mention of future token mint events. I also couldn't find any mention of token distribution.
Screenshot of Statera's official homepage
Social media presence
Statera's official homepage lists five platforms — Telegram, Twitter, Medium, GitHub, and YouTube — for community engagement, however its presence on each is subdued or near-nonexistent.
I briefly browsed each account, and my impression is that Statera engages with its community most via YouTube accounts are basically ghost-towns — the YouTube channel has just one video published Sept. 24, 2021, and its GitHub code base only received two public contributions in 2022 and 2021.
Documentation and audits
Statera's Whitepaper is a fascinating read. Statera's website includes a "Library" page where users can acess the Whitepaper, find answers to Frequently Asked Questions (FAQ's), and view several "How-to Guides" that explain how to buy or bridge the token.
Statera's homepage also lists the results of its smart contract audit. The audit states Statera's smart contracts are secure — on the Ethereum network. The smart contract audit does not mention security analysis on the Fantom network. I have no idea if its industry best-practice to perform a new audit for each network, or if the Ethereum audit is sufficient.
Final thoughts
I'm very happy that Publish0x continues to evolve its platform. Statera appears to offer a much easier way for the Publish0x community to make use of its tips.
Statera as a project is very intriguing. Its got a very low market cap and a very ambitious mission. I'm a bit concerned about its small social media presence, however I'm not sure how important community engagement is to a coin's value. What's most concerning to me is Statera's empty GitHub page. There doesn't seem to be much public development in its ecosystem. Again, this might be irrelevant however, especially for a coin this young.
Overall I'm excited to get exposure to Statera's ecosystem. There's certainly a lot of room to grow — in community engagement, in market cap, and in price — and we're lucky enough to get in on the ground floor.
Thanks for reading! I'm still very data-starved on Statera, so if you have details about anything mentioned in this post I'd appreciate more information in the comments.
Thumbnail from screenshot of Statera's official website
