Statter Network is the world’s first full-service public blockchain platform for the metaverse ecosystem. It aims to build a high-performance and high secure infrastructure for metaverse developers, creators and players.
Centering on the infrastructure positioning, Statter innovatively created drag-and-drop technology for public blockchain generation, with which developers could build new public blockchains as easily as playing with LEGO. The drag-and-drop public blockchain generation technology satisfies metaverse application's demands for a multi-functional public blockchain; research and develop DID aggregation protocols to achieve interoperability of cross-chain digital identities; with the scalability of Sharding and DAG technology, it achieves 100,000 TPS on the main chain and transactions are confirmed within seconds; adopts a multi-layer structure with high cohesion and low coupling; and supports parallel multi-chain and multi-consensus.
Statter is an open ecosystem and platform that offers infrastructure connections in the plugin App market for 3D engines, GIS, edge computing, edge rendering, decentralized storage, digital twin, and computer vision, among others. Statter provides comprehensive services for developers to construct the metaverse from fundamental theory to a realm beyond reality by utilizing drag-and-drop technology for public blockchain generation, based on the multi-chain operation platform and the metaverse plugin App Market.
HUF information
About the Hungarian Forint (HUF)
What Is the Hungarian Forint (HUF)?
The Hungarian Forint (HUF), symbolized as Ft, is the national currency of Hungary. It was introduced in 1946 to stabilize the Hungarian economy after World War II, replacing the pengő which had suffered from extreme hyperinflation. The Hungarian Forint is the sole legal tender in Hungary.
The Hungarian Forint is issued and managed by the Hungarian National Bank, known in Hungarian as Magyar Nemzeti Bank. This central bank of Hungary is responsible for maintaining the stability of the national currency, controlling its circulation, and implementing monetary policy in alignment with the country's economic objectives. The Hungarian National Bank plays a crucial role in the financial system of Hungary, including the issuance of banknotes and coins in various denominations of the Forint.
What Is the History of HUF?
The Forint’s name originates from the city of Florence, where gold coins, known as fiorino d'oro, were minted from 1252. Hungary adopted a similar gold-based currency, the Florentinus, under Charles Robert in 1325. The forint was also the currency of the Austro-Hungarian Empire between 1868 and 1892. The modern Forint was reintroduced on August 1, 1946, replacing the pengő, which had suffered from severe hyperinflation post-World War II.
Notes and Coins of HUF
Hungarian banknotes are issued in denominations of 500, 1000, 2000, 5000, 10,000, and 20,000 forints, each featuring prominent Hungarian historical figures and landmarks. Coins come in 5, 10, 20, 50, 100, and 200 forint denominations. The Forint was initially subdivided into 100 fillér, but these coins were phased out due to inflation.
Economic Stability and Exchange Rates
The economic stability of the Hungarian Forint (HUF) has been a journey of significant transformation, especially since the fall of communism and Hungary's transition to a market economy. In the early 1990s, this shift brought about considerable inflation, peaking at 35% in 1991. However, the subsequent years saw a stabilization effort, with inflation dropping to single digits between 2001 and 2022. This period of relative stability was disrupted in February 2023 when inflation climbed to 25.80%, influenced by global economic factors such as the war in Ukraine and broader economic uncertainties. Despite these challenges, the Forint has maintained its status as a fully convertible currency, crucial for Hungary's trade and economic relations.
The exchange rate of the Hungarian Forint has seen fluctuations reflective of both domestic economic policies and global financial trends. As Hungary is a member of the European Union but has not adopted the Euro, the Forint’s value against the Euro and other major currencies like the U.S. dollar is a critical economic indicator
Why Doesn’t Hungary Use the Euro?
Hungary has not adopted the Euro for several reasons, despite initial plans to do so. Initially, Hungary aimed to replace the Hungarian Forint with the Euro around 2007 or 2008, later targeting January 1, 2010. However, these plans were abandoned due to high budget deficits, inflation, and public debt, preventing Hungary from meeting the Maastricht criteria. The global financial crisis of 2008 further complicated matters, despite aid from the IMF, EU, and World Bank. The Fidesz government, elected in 2010, has shown a soft Eurosceptic stance, maintaining the Forint and postponing discussions about adopting the Euro. Prime Minister Viktor Orbán stated that Euro adoption would not be considered until Hungary's public debt reached a 50% threshold, a significant reduction from its level in 2011.
Additionally, broader reasons why some EU countries, including Hungary, choose not to adopt the Euro involve maintaining financial independence. This independence allows for control over key issues like setting monetary policy, handling national debt, modulating inflation, and the ability to devalue the currency in certain circumstances. The European Central Bank sets economic and monetary policies for all Eurozone nations, which means individual states lack the independence to craft policies tailored to their own conditions. This lack of economic independence and the desire to maintain control over national financial policies contribute to Hungary's decision to retain the Forint instead of adopting the Euro.
STT to HUF conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | Ft112.87 | 0.0200% / 0.0320%VIP 7 | |
Huobi | Ft114.95 | 0.1000% / 0.1000% | Yes |
Gate.io | Ft114.16 | 0.1000% / 0.1000% | Yes |
How to buy Statter Network
Buy STT (or USDT) for HUF (Hungarian Forint) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell STT (or USDT) for HUF (Hungarian Forint) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Statter Network to Hungarian Forint?
Statter Network to Hungarian Forint is falling this week.Conversion tables
The exchange rate of Statter Network is decreasing.STT to HUF
HUF to STT
Today vs. 24 hours ago
Amount | 07:26 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 STT | $0.1471 | $0.1541 | -4.49% |
1 STT | $0.2943 | $0.3081 | -4.49% |
5 STT | $1.47 | $1.54 | -4.49% |
10 STT | $2.94 | $3.08 | -4.49% |
50 STT | $14.71 | $15.41 | -4.49% |
100 STT | $29.43 | $30.81 | -4.49% |
500 STT | $147.13 | $154.06 | -4.49% |
1000 STT | $294.25 | $308.13 | -4.49% |
Today vs. 1 month ago
Amount | 07:26 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 STT | $0.1471 | $0.2102 | -29.94% |
1 STT | $0.2943 | $0.4204 | -29.94% |
5 STT | $1.47 | $2.1 | -29.94% |
10 STT | $2.94 | $4.2 | -29.94% |
50 STT | $14.71 | $21.02 | -29.94% |
100 STT | $29.43 | $42.04 | -29.94% |
500 STT | $147.13 | $210.22 | -29.94% |
1000 STT | $294.25 | $420.44 | -29.94% |
Today vs. 1 year ago
Amount | 07:26 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 STT | $0.1471 | $0.6172 | -76.10% |
1 STT | $0.2943 | $1.23 | -76.10% |
5 STT | $1.47 | $6.17 | -76.10% |
10 STT | $2.94 | $12.34 | -76.10% |
50 STT | $14.71 | $61.72 | -76.10% |
100 STT | $29.43 | $123.45 | -76.10% |
500 STT | $147.13 | $617.25 | -76.10% |
1000 STT | $294.25 | $1,234.5 | -76.10% |
Statter Network price prediction
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