The Statter Network incorporates several popular technologies today, including DePIN, Metaverse infrastructure, modular blockchain, and drag-and-drop blockchain generation technology, along with staking-based mining. Statter Network will celebrate the first anniversary of its mainnet launch on June 7th. According to its original whitepaper, the native token of the Statter mainnet, STT, is halved every 12 months, with a reduction of 25% each time. Notably, this first reduction coincides with the network's anniversary, reminiscent of the halving events that Bitcoin and other cryptocurrencies experienced earlier this year.
As a significant member of the DePIN mining coins, what effect will the one-year anniversary of the STT mainnet launch have? Moreover, what successes and obstacles has Statter faced in the past year?
Let's review several key on-chain metrics: Statter's network hashrate has soared past 50,000 MH/S, with over 15 million transactions processed cumulatively, a block height that reached 2.4 million, nearly $100 million worth of STT staked on the network, the Statter wallet downloaded more than 60,000 times, and up to 43,000 wallet addresses holding STT. These figures not only showcase significant user growth and ongoing engagement but also reflect the industry's recognition and growing adoption of the mainnet.
Economics of the Reduction Cycle
Bitcoin, as the originator of blockchain and cryptocurrency halving, often sees its cycle of bull and bear markets revolve around its halving events. These events frequently spur investor excitement, anticipating bullish markets. Following a recent halving, Bitcoin appears to be entering another epic bull market.
Statter's native token, STT, coincidentally aligns with this year's cryptocurrency production reduction cycle. Regarded as possibly the fairest token distribution model since Bitcoin, STT is entirely issued through mining and reduces its production by 25% annually, with its first reduction occurring around June 7th. This reduction is crucial for the project's overall health, as exemplified by the following model:
Staking Mining Model: This economic model balances supply and demand. New STT tokens are absorbed by incoming miners, reducing the circulating supply and effectively maintaining the mainnet's security and stability.
Fair Token Distribution: As STT can only be mined, with no pre-sale reserves, every block's output needs to be fairly distributed. Tokens held by the foundation and protocol labs account for just 8%, while miners and the community (miners + mining pools + community development + ecological construction) hold a 92% share, dominating distribution weight.
Deflationary Token Model: Statter generates numerous satellite chains, used daily by thousands. Mainnet gas fees and pool creation fees contribute to the destruction of STT, ultimately expected to burn 90% of the total supply.
Conclusion: A reduction in output by 25%, under a premise of fair and equitable distribution, with unchanged staking rules and an increase in both destruction rate and market demand, adheres to a simple economic principle: scarcity leads to higher prices. This basic notion of a supply and demand imbalance suggests that STT's price is positioned for elevation as the project advances through its halving cycle.
The Primary Accomplishments of Statter's First Anniversary
In the past year, Statter has attained remarkable milestones. Even before its official launch, it secured $10 million in funding led by HOLO. Within a year, three of the top ten global exchanges—HTX, Gate.io, and Poloniex—listed STT. Additionally, over 30 exchanges, price tracking platforms, and financial websites have featured STT trading data and project details, such as Binance, Coinbase, CoinMarketCap, Forbes, and Yahoo Finance.
The Statter wallet integrates over 10 ecosystem DApps, including STT staking and a one-click token issuance application, with many other DApps queued for security review. Worldwide, several large mining farms now support STT mining, and dedicated facilities have been established in regions like Southeast Asia, South America, and Central Asia; STT's visibility continues to grow with over 43,000 active token holders globally. Statter's outreach spans multiple languages and has been widely covered by Web3 evaluation bodies, blockchain bloggers, media outlets, and the cryptocurrency community, demonstrating its significant impact in the field.
The Ambition and Potential of Statter Network
At first glance, the Statter Network seems a comprehensive blockchain platform intended to serve developers, users, and creators within the Metaverse ecosystem, aiming to establish a high-performing, secure infrastructure. However, a deeper look at its whitepaper and past year's trajectory shows Statter's ambitions extend well beyond merely catering to the Metaverse, aiming to create a vast decentralized network with hundreds of satellite chains and to develop the largest base for distributed applications on blockchain.
Statter is the first globally to introduce drag-and-drop public blockchain creation technology, which simplifies the process of building new blockchains similar to constructing with blocks, catering to the diverse performance needs of metaverse applications. In addition, Statter has developed a DID aggregation protocol that enables cross-chain digital identity interoperability and has enhanced throughput with sharding and DAG scalability techniques, achieving 100,000 transactions per second (TPS) and near-instant transaction confirmations. Its architecture, which is highly cohesive yet loosely coupled, supports the parallel operation of multiple blockchains and consensus mechanisms.
Moreover, Statter integrates essential technologies such as 3D engines, GIS, edge computing, edge rendering, decentralized storage, digital twins, and computer vision into its plugin application marketplace. Relying on its drag-and-drop blockchain generation technology, multi-blockchain operating platform, and a metaverse plugin application marketplace, Statter provides comprehensive services to cryptocurrency developers.
In summary, Statter Network is an integrated blockchain founded on the construction of the metaverse. Leveraging AI, modular technology, drag-and-drop blockchain creation technology, and DePIN mining, Statter attracts a wide range of developers and entrepreneurs to develop applications on its blockchain through investment and support from its foundation. As a rising star in the blockchain sector, Statter has made significant strides in the cryptocurrency field within just a year of launching, with over 40,000 token holders. Looking ahead, the arrival of more ecosystem applications, exchanges, and new technologies is imminent.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
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