Statis

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Revision as of 02:51, 12 March 2023 by Grand Master Pepe (talk | contribs) (Created page with "[https://stasis.net/ Statis] is a digital currency company ==Basics== *Based in: [https://cryptorisks.substack.com/p/asset-risk-assessment-stasis Malta] and the Isle of Man under STSS Limited (10-3-2023). *Started in / Announced on: *Testnet release: *Mainnet release: ==History== ==Audits & Exploits== *Bug bounty program can be found [insert here]. *Coinfabrik ([https://blog.coinfabrik.com/stasis-token-smart-contract-audit/ June 2018]) and Certi...")
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Statis is a digital currency company

Basics

  • Based in: Malta and the Isle of Man under STSS Limited (10-3-2023).
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

  • From CryptoRisks (10-3-2023):

"Token supply (mint, burn, freeze, and transfer) is controlled via a 3-of-7 multi-sig whose signers are not publicly known. Authority over the signers is also undisclosed."

DAO

Notable Governance Votes

Treasury

Token

Launch

Token Allocation

Utility

Other Details

Coin Distribution

Technology

Transaction Details

How it works

  • From CryptoRisks (10-3-2023):

"Stasis claims that EURS is backed 1:1 by cash reserves and sovereign and corporate bonds. Our verification shows that assets are held with the following entities: EXT LTD (Cyprus), XNT LDT (Malta), and UAB NexPay (Lithuania). Although statements showing account holdings are provided, Stasis does not recognize unrealized P&L from daily variations of the underlying bond prices. Our analysis shows that all bonds most recently held had been trading at a significant discount compared to Stasis’s cost basis. This represented a plausible risk of insolvency in the event of a bank run."

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Revenue

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

  • From CryptoRisks (10-3-2023):

"Our investigation highlights significant risks with EURS, in particular notable flaws in how the controlling entity is governed. The main concerns are the following:

  1. an obscure corporate setup and unclear regulatory compliance with third parties in various jurisdictions across the EU,
  2. an accounting strategy that distorts the value of the underlying portfolio, resulting in a systematic asset–liability mismatch and making EURS prone to a liquidity crunch, and
  3. the undisclosed ownership of the multi-sigs controlling the token and treasury contracts."

Team, Funding and Partners

Team

  • From CryptoRisks (10-3-2023):

"The Company currently has approximately 20 employees, with the following directors:

  1. Gregory Klumov, CEO & Founder: Founded an Internet Service Provider at 15, then moved to Finance with experience in alternative investment management.
  2. Vyacheslav Kim, CFO: Over 12 years of management experience in Strategic Management, Asset Restructuring, Corporate Development, and Finance. He also has a diversified background in communication with regional authorities and ministries.
  3. Dmitry Golubev, CTO: Graduated from Nizhny Novgorod State University in 2010 and is currently based in Russia. He previously worked at Netcracker and Orion Innovation."

Funding

Partners

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