Hello everyone, we saw that a few bounty hunters were unhappy with our decision to mark the entire bounty campaign as spam and we just want to clarify here the reasons for why we did that:

When we started the campaign we did that because we wanted to get awareness to our project and also because we wanted to build a strong community around our idea. Unfortunately during the campaign we saw that not some or most but all of the bounty users that registered were just providing useless spam on all channels and low value content that did not translate into any meaningful interaction around our project. Such interactions will always hurt the communities and our initial expectations were much higher in terms of quality but unfortunately we were wrong on that.

Unfortunately we will not be able to pay for low quality spam that brings no value to the project and we hope that everyone will understand the reasons behind our decision.

Our community contest is now live! Join and help us promote the Stater ecosystem.

We have allocated $10,000 in $STTR tokens prizes for the best voices from our community!

Find out more on our latest Medium Article: https://medium.com/@staterco/join-our-community-contest-and-win-sttr-d3850c3754a0

The UI is different compared to other exchanges mainly because NFTs have inherent value attached to them and it's hard to objectively valuate each asset, but it's best if you try out our product because we have recently launched on Rinkeby. You can sign up for early access here: https://stater.co/early-access/

Regarding the launch on mainnet, we are aiming for February this year.

We are announcing our first Community Airdrop for Stater NFT holders. Hold Stater NFT and get STTR tokens. Find out more in our latest Medium Article: https://medium.com/@staterco/buy-stater-nfts-and-get-sttr-tokens-1151f553d5c0

New updates on our documentation. Check out how NFT lending is possible with Stater: https://docs.stater.co/

Hello guys, new updates on the twitter bounty, we are introducing new hashtags in order to boost the reach of each retweet. The tweets/retweets will need to have the following hashtags: #Stater #STTR #NFTlending #NFT #NFTs #collectibles #DeFi #staking #yield #rarible #opensea #eth #ethereum #digitalart #cryptoart #superrare

More updates will follow this week including the stakes spreadsheet. Stay tuned 

Welcome everyone! don't forget to also follow us on telegram and discord. We are here to answer all your questions

Welcome everyone and don't forget to follow us on Telegram and Discord 

Hello Sujon07 and welcome to the bounty campaign! Don't forget to also join our Telegram and Discord channels 

New updates on Tokenomics & Distribution. Check them out in our latest Medium article here: https://medium.com/@staterco/introducing-sttr-tokenomics-distribution-4c1b417de9f0

Check out a quick preview for the first version of our NFT lending platform on youtube: https://youtu.be/Fcm-_v-50kE

We are looking forward to answering all your questions regarding our product.

So what is Stater?

At Stater we are building an open-source p2p lending platform for NFT assets that will offer users the option to leverage and unlock the value of their NFT assets without losing ownership. Stater allows borrowers to get loans by using their NFT assets as collateral and unlocks a new way of generating returns for lenders for providing liquidity in our ecosystem.


Why is this important?

The NFT market has seen amazing growth in 2020 by surpassing 100m in lifetime sales and the overall market is still in its early stage if we look at the actual potential that we see in specific markets that already have traction like gaming and art or promising use cases like real estate. If we take a look at what works today, we see promising traction in gaming, art and virtual real estate.

In gaming, the global market is expected to generate over $159 billion in sales in 2020 and most of the sales will be done through in-game purchases. NFTs are promising in this space because they can provide users with true ownership over their in-game assets and creators have the possibility to build micro-economies that can generate real world value inside their games.

In art, we can see a digital renaissance taking place today, where creators can instantly expose their works directly to the market without the need for a 3rd party that would naturally create a barrier to entry and eat up revenue from creators through fees.


How will it work?

Borrowers — will list their NFT asset on the stater marketplace by specifying the asset value, loan duration and borrow amount (that will be derived from the loan to value ratio). Borrowers have the option to borrow with one or multiple assets (bundle).

Lenders — will see all the listed assets from all the borrowers inside the marketplace and will have the option to easily provide loans to the packages that they find attractive. They will also see specific game and asset information that will help during the due diligence process and be able to filter specific loan parameters in order to find the best loan opportunities inside the marketplace.

Stater Platform — will mainly act as an escrow for the entire duration of the loan. After the borrower submits the asset on the platform, the NFT token will be locked in a smart contract inside the platform. The borrower can always claim his NFT if the asset has been listed on the marketplace but it hasn’t received a loan yet or if he has fully completed the repayment of the loan.

Liquidation Practices — in the scenario where the borrower doesn’t repay the loan on time or at all, the lender will have the option to call the loan and receive the asset in his custody.

Risk Mitigation for Lenders — we believe that there are three key components that will help lenders properly asses and manage risk: asset value, LTV ratio and game/asset market data.

Even though the borrower has the ability to manually evaluate his loan package (individual or bundle), the marketplace system will disincentivise improper valuations because of the risk of not receiving a loan or increasing the duration until the loan is received. On top of that, the maximum LTV ratio of 60% will reduce the motivation for the borrower to not repay the loan because of the risk that the lender will be able to claim the asset (or bundle) at a discount.

Market data for specific game/asset will help lenders understand the terms of the loan and make proper due diligence before acting on a specific package.

we believe that a marketplace approach is the best solution at the beginning and it will remain so for rarer assets that have a high intrinsic value and lower market volume.

In the next iterations, we will automate as many processes as possible in order to reduce friction and provide faster borrowing options and automated lending (market making) solutions for assets with higher volume and a market-driven valuation.

Interest rate — will be variable depending on global information for specific collections.


Stater Ecosystem

Governance - Users will vote features and updates for our product

Liquidity Mining - for incentivizing market-making on Uniswap

Stater NFT - Stake and receive fee discounts on our platform.


Where can we get in touch?

Whitepaper: https://[Suspicious link removed]/2JYkM3H
Website: https://stater.co
Discord: https://discord.gg/hBGgjhe
Telegram: https://t.me/staterlending
Medium: https://medium.com/@staterco

We are looking forward to answering all your questions!