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Statter Network

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Discover Statter Network 's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Statter Network ?

Statter Network (STT) is a full-service public blockchain platform designed for the metaverse ecosystem. It offers a high-performance and highly secure infrastructure, utilizing modular technology, drag-and-drop public blockchain generation, and a multi-layer network design. The platform supports various consensus algorithms, including SPoW, and features a token incentive model that rewards contributors to the network. STT tokens are generated through mining and play a crucial role in maintaining network stability and fostering innovative applications within the ecosystem.

How is Statter Network used?

Statter Network (STT) is a cryptocurrency that serves multiple purposes within the Statter Network ecosystem. Here are the primary uses of STT:

  1. Paying Fees: STT tokens are used to pay fees for data storage, transactions, and service usage on the Statter network.

  2. Staking: Users can stake STT tokens to earn rewards and help secure the network.

  3. Governance: STT token holders can participate in the governance of Statter Network, determining the direction of platform development.

These uses enable users to engage with the decentralized data storage and marketplace features of Statter Network, while also contributing to the platform's security and decision-making processes.

How do I store Statter Network ?

To store Statter Network (STT) tokens, you can use a personal cryptocurrency wallet. Here are the steps:

  1. Choose a Wallet: Select a reliable and secure wallet that supports Statter Network (STT). Popular options include Metamask Wallet, which supports millions of assets and blockchains.

  2. Create a Wallet Account: Set up your wallet by following the instructions provided by the wallet provider. This typically involves creating an account, setting a secure password, and completing any necessary identity verification steps.

  3. Transfer STT to Your Wallet: Once you have purchased STT tokens, transfer them from your exchange account to your personal wallet. This ensures that you have full control over your tokens and can manage them securely.

  1. Secure Your Wallet: Always keep your wallet password and recovery phrases safe to prevent unauthorized access to your tokens.

By following these steps, you can safely store your Statter Network (STT) tokens in your personal wallet.

How to buy Statter Network ?

To buy Statter Network (STT) tokens, follow these steps:

  1. Create an account on a cryptocurrency exchange: Choose a reputable exchange such as Coinbase, Binance, or Gate.io. Sign up by providing necessary information, including your email address and a secure password. Complete any required identity verification steps.

  2. Choose a funding method: Select a payment method, which may include credit or debit cards, bank deposits, peer-to-peer trading, or third-party payment channels. Check the exchange's FAQ section for available options.

  3. Buy STT tokens: Navigate to the Buy & Sell section and select Statter Network (STT) as the cryptocurrency you want to purchase. You can use various order types such as market orders, stop orders, limit orders, or TWAP orders, depending on your trading strategy.

  1. Transfer STT to your wallet: Once purchased, you can hold the tokens in your exchange account or transfer them to a personal cryptocurrency wallet like Metamask Wallet for additional security and flexibility.
Exchanges Offering STT
  • Gate.io: Offers STT/USDT pair with a trading volume of $2.42 million.
  • Bitget: Allows buying STT tokens and offers copy trading features.
  • BTCC: Provides a convenient way to buy STT coins.
Current STT Price and Statistics
  • Current price: $0.788464 USD.
  • 24-hour trading volume: $7,798,267 USD.
  • Market capitalization: $39,378,572 USD.
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History of Statter Network

The Statter Network (STT) is a full-service public blockchain platform designed for the metaverse ecosystem. It aims to build a high-performance and highly secure infrastructure for metaverse developers, creators, and players. The platform was incubated by Holo Metaverse Group Inc. and is considered the most complete metaverse infrastructure available.

Statter Network introduced innovative drag-and-drop technology for public blockchain generation, allowing developers to build new public blockchains with ease. This technology meets the requirements of metaverse applications, supports cross-chain digital identities with DID aggregation protocols, and achieves high transaction throughput with 100,000 TPS on the main chain. It also features a multi-layer structure for scalability, supports parallel multi-chain and multi-consensus, and serves as an open ecosystem and platform for various applications.

The platform's infrastructure includes a multi-layer design, with a foundational protocol layer prioritizing network security and decentralization. The core layer offers decentralized digital ID management, adaptable consensus mechanisms, a secure smart contract engine, cross-chain data sharing, and decentralized ledger storage. The application layer expands transaction capacity, computing capabilities, storage options, and network transmission services.

Statter Network also utilizes a decentralized identifier (DID) aggregation protocol, offering DID data indexing, verification, connection, and aggregation services. This consolidates digital ID information from various chains within the ecosystem, achieving cross-chain DID interoperability through a standardized digital approach.

In terms of mining, the platform employs a Segmented Proof of Work (SPoW) consensus mechanism, which divides computational tasks among mining pools. This approach mitigates redundant and inefficient calculations by employing parallel processing, leading to enhanced efficiency and reducing the level of computational competition. Low-carbon home mining helps prevent hardware and electricity resource wastage.

Overall, Statter Network is a comprehensive platform that simplifies blockchain development and provides a robust infrastructure for the metaverse ecosystem.

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How Statter Network works

The Statter Network (STT) is a full-service public blockchain platform designed specifically for the metaverse ecosystem. It aims to provide a high-performance and highly secure infrastructure for metaverse developers, creators, and players. Here's an overview of how it works:

Key Features
  1. Drag-and-Drop Technology: Statter has developed a drag-and-drop technology that simplifies the process of creating public blockchains. This technology meets the requirements of metaverse applications and supports cross-chain digital identities with DID aggregation protocols.

  2. Scalability: Statter achieves high transaction throughput using Sharding and DAG (Direct Acyclic Graph) technology. This allows for concurrent transaction processing, resulting in a single chain achieving 100,000 TPS (transactions per second) and rapid transaction confirmation within seconds.

  3. Multi-Layer Structure: The platform features a multi-layer structure for scalability, supporting parallel multi-chain and multi-consensus. This structure ensures high cohesion and low coupling, making it suitable for various applications.

  1. Tokenomics: The STT token is generated through mining and can be circulated and applied throughout the ecosystem. The token allocation is divided among miners, mining pools, ecological construction, community construction, protocol labs, and the foundation.
Mining Mechanism

Statter uses the SPoW (Segmented Proof of Work) consensus mechanism to segment computing tasks and assign them to all mining pools. This ensures fair mining activity. The mining output includes:

  • Block Time: 12 seconds
  • Block Reward: 120 STT
  • Reduction Rule: Block rewards for STT miners are reduced by 25% every 12 months
Token Allocation

The tokens generated by each block are allocated as follows:

  • Miner Reward: 70% for network security and decentralized data storage
  • Mining Pool Reward: 7% for mining pool incentives
  • Ecological Construction: 10% for ecology construction and supporting ecological Apps
  • Community Construction: 5% for global community construction and consensus delivery
  • Protocol Labs: 5% for R&D, upgrade, and iteration of Statter's protocol labs
  • Foundation: 3% for the working capital of the foundation
Infrastructure

Statter's infrastructure is designed to support various applications, including 3D engines, GIS, edge computing, decentralized storage, digital twin, and computer vision. It provides comprehensive services for metaverse development through its multi-chain operation platform and plugin App Market.

Cross-Chain Interoperability

Statter consolidates digital ID information from various chains within the ecosystem, achieving cross-chain DID interoperability through its DID aggregation protocols. This allows for seamless interactions across different blockchain platforms.

Overall, the Statter Network is designed to provide a robust and scalable infrastructure for the metaverse ecosystem, supporting a wide range of applications and services.

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Statter Network 's strengths

The token Statter Network (STT) has several strengths that contribute to its potential value and adoption:

  1. Decentralized Infrastructure: Statter Network is a blockchain-based platform that aims to create a decentralized, secure, and scalable infrastructure for the token economy. This infrastructure supports the development of various applications, including those in the metaverse ecosystem.

  2. High-Performance Capabilities: The platform uses sharding technology and Direct Acyclic Graph (DAG) to achieve high transaction throughput, with a single chain capable of processing 100,000 transactions per second (TPS). This results in rapid transaction confirmation within seconds.

  3. Token Incentive Model: The token incentive model is designed to reward contributors to the Statter network. Contributors earn token rewards by participating in the network, which encourages active participation and helps maintain the network's security and decentralization.

  1. Fair Mining Mechanism: The SPoW (Segmented Proof of Work) consensus mechanism ensures fair mining activity by segmenting computing tasks and assigning them to all mining pools. This mechanism helps maintain the integrity of the network.

  2. Token Allocation: The token allocation is structured to support various aspects of the ecosystem, including network security, mining pool incentives, ecological construction, community construction, protocol development, and foundation operations. This allocation ensures that the network's growth and development are well-supported.

  3. Metaverse Focus: As a metaverse blockchain platform, Statter Network is well-positioned to capitalize on the growth of the metaverse industry. Its infrastructure is designed to support the development of metaverse applications, making it an attractive option for developers and users in this space.

These strengths collectively contribute to the potential value and adoption of the Statter Network token (STT).

Statter Network 's risks

Statter Network (STT) carries several financial risks that investors should be aware of:

  1. Market Volatility: The cryptocurrency market is highly unpredictable and subject to significant price fluctuations. This volatility can result in substantial losses if the market moves against the investor's position.

  2. Risk of Data Loss: Statter's infrastructure relies on mining rigs to store data. If these rigs go offline without proper preparation, data or content loss can occur, which can negatively impact the network's security and integrity.

  3. Economic Pledge Penalty Mechanism: To ensure mining rigs remain active, Statter employs a penalty mechanism where a specified amount of pledge coins is deducted if a rig remains offline for an extended period. This mechanism can lead to financial losses for miners who fail to maintain their rigs.

  1. Token Burning: While the token burning mechanism aims to achieve deflation, it can also reduce the overall supply of STT, potentially affecting its value and liquidity.

  2. Consensus Mechanism Risks: The use of the SPoW (Segmented Proof of Work) consensus mechanism can introduce risks related to the fair distribution of mining tasks and the potential for centralization of mining power.

  3. Token Allocation Risks: The allocation of tokens to different stakeholders, such as miners, mining pools, and the foundation, can lead to imbalances in the distribution of wealth and influence within the network.

These financial risks highlight the importance of conducting thorough research and consulting with a financial advisor before investing in Statter Network (STT) or any other cryptocurrency.

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Statter Network 's ecosystem

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Statter Network ’s team

  • Team Members: The Statter Network team consists of several professionals in the fields of blockchain and metaverse, based in Silicon Valley, USA.

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