Statter Network's CMO: Mainnet Launch Anniversary Is Just the Beginning for STT

New York  -- The crypto market in June was relatively calm, with slight indications of a downward trend. During this period, Statter Network, a public blockchain focused on the metaverse, celebrated the first anniversary of its mainnet launch and marked the initial reduction in the issuance of its native token, STT. Despite announcements on official media channels and community forums, these celebrations received a lukewarm reception from the market, overshadowing what should have been a momentous occasion for the first anniversary of STT. Nevertheless, the journey of STT over the past year, and even longer, has been far from ordinary, distinguished by significant achievements and milestones.

While a quick search can yield plenty of information about Statter, no one understands its origins and current development better than Jose Rivas, the project's Chief Marketing Officer. Over the past few years, Jose Rivas has spearheaded Statter's global brand promotion and community-building efforts. Fluent in multiple languages, he has an academic background as a former university professor, and he is a member of Mensa International and a participant in blockchain policy formulation in several South American countries. Dubbed the "Crypto Godfather of South America," today's interview delves into his personal journey and offers insights into the Statter Network.

Hi Jose Rivas, it's great to chat with you! Lots of folks in the web3 community call you the "Crypto Godfather of South America." How did you earn that title?

Thanks! Being called the Crypto Godfather of South America is quite flattering, though maybe a bit exaggerated. The crypto scene in South America is really taking off, with digital currency banks and Bitcoin becoming legal tender, among other things. My contributions have been relatively modest.

Before diving into crypto, I was a university professor in Peru. I also served as an advisor to the Peruvian government and several multinational companies. I organized regional economic forums and worked on infrastructure investments across South America. The government connections I made back then really helped me when I transitioned to blockchain. They allowed me to play a key role in shaping digital currency policies in various countries. It's been an honor to offer advice and support in that capacity.

Given your prolific contributions and active involvement, it seems well-earned that you've been dubbed the "Crypto Godfather of South America". Transitioning from roles as a government and corporate advisor and university professor to being Statter's CMO, how did you navigate these career changes?

To be honest, I didn't completely switch industries. Before diving into blockchain, my work in academia and as an advisor centered on analyzing the relationship between investment and returns—a discipline focused on value exploration. Government and corporate investments aim to generate public welfare, create jobs, and reap economic benefits. Similarly, in the world of cryptocurrency, whether founding projects or making individual investments, the goal is to create wealth, achieve mutual benefits, and push technological advancements in the industry. There are many similarities between these fields.

Joining Statter happened after some deep discussions. I met Marco at an academic conference at Stanford University in 2021. He shared his team's plans to develop a metaverse project, which excited me a lot, especially since 2021 saw a global surge in metaverse initiatives, with major companies like Facebook rebranding to Meta.

After the conference, Marco and I had several detailed discussions about technological applications, commercial prospects, crypto trends, and funding. Eventually, he formally invited me to join Statter as their Chief Marketing Officer. After thorough consideration, I accepted, driven by my strong belief in the crypto industry and Statter Network's potential.

Given your role at Statter, no one understands the project better than you. Could you give us a brief introduction to Statter?

Absolutely! Statter is an expansive and complex metaverse project. We've dedicated a lot of time using media and social platforms to convey who we are. Here's a quick summary:

First off, Statter is a blockchain platform specifically designed for the metaverse. We've pioneered a comprehensive metaverse service.

Secondly, Statter stands out for its technological innovation. It features drag-and-drop chain generation, jigsaw puzzle-style DApp creation, modular technology, AI integration, a satellite chain ecosystem, and more.

Lastly, Statter functions as an open, fairly distributed DePIN project, using the SPoW consensus mechanism. STT tokens are 100% mined, with an annual reduction and a continuous token-burning mechanism.

As a leading project in the crypto metaverse space, Statter's mainnet just celebrated its first anniversary last month. What are some of the key achievements over the past year?

Statter's achievements over the past year are truly impressive. Although many milestones were hit this year, the groundwork was laid back in 2022 and even earlier.

The most notable achievement is the surge in the adoption rate of the Statter network. We now have nearly 50,000 wallet addresses holding STT, with a staked value close to $100 million. The block height and rewards continue to accumulate, and the network operates safely and stably.

What's more, Statter has gained support from U.S. mining device manufacturers, global mining farms, crypto market aggregators, exchanges, audit firms, and top-tier global media. Our wallets now support several DApps, and our ecosystem foundation is ramping up investments to bring in more talented developers. We're also making headway with advanced smart contract technologies and multi-chain compatible EVM technologies, with significant breakthroughs already in the pipeline. Plus, STT is listed on three exchanges, and we expect more CEX and DEX listings soon.

Statter has quickly risen as a star in the crypto world, racking up numerous achievements in just a year and surprising both investors and industry watchers. However, some in the community are concerned about the token's price performance. How do you address these concerns?

I totally understand the concern; it's something our team has been keeping a close eye on. First off, STT's economic model is solid, backed by thorough calculations and repeated modeling. The liquidity of STT is managed by three key factors:

1. Staking: Miners need to stake STT to access the mainnet.
2. Reduced Issuance: We have a 25% annual reduction in issuance, which slows the influx of STT into the market.
3. Burning Mechanism: Various activities, like gas fees, mining pool creation fees, tech calls, and future satellite chain integrations, trigger token burns. Our goal is to burn up to 90% of STT over time. Basic economic principles tell us that scarcity should drive up prices, so STT's true value will shine through in the long run.

However, most users tend to focus on short-term price movements rather than the long-term value. Right now, the main pressure on STT's price comes from the overall downturn in the crypto market. This has led to panic among miners and speculators, causing sell-offs. We understand and respect these actions—it's a phase all projects go through.

Compared to many Layer 2 networks, MEME coins, and other DePIN projects, STT's decline has been relatively moderate and more stable. As a crypto investor myself, I get the anxiety and stress that market downturns can cause. But investing in crypto means accepting volatility as the norm. To navigate tough times, we can manage risks, reduce leverage, or even take a step back from the market completely.

You mentioned Bitcoin's downtrend post-halving, which is leading to negative sentiment in the crypto industry. Could this impact Statter's development, and what are Statter's future plans?

Absolutely, the downturn in Bitcoin and other currencies can affect STT's fluctuations and the sentiment among STT holders. We need better channels to communicate with our community to prevent misunderstandings and clear up any false information.

But the broader crypto market's downturn doesn't affect Statter's development and plans. We have enough funding to support our project's growth. Bull and bear markets are just part of the crypto landscape, and a bear market can actually test a project's resilience and patience.

Statter's roadmap has always been clear: to stay at the forefront of the crypto metaverse space and keep pushing blockchain innovation. We're steadily moving forward on this path. Plus, STT will be listed on more exchanges soon. Our first anniversary is just the beginning for Statter. Greater things are ahead for us and every STT holder.

Media Contact:

Binghamton 
Andrew Hamilton
Contact@statter.io

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