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.
UAH information
About the Ukrainian Hryvnia (UAH)
What Is the Ukrainian Hryvnia (UAH)?
The Ukrainian Hryvnia (UAH) is the national currency of Ukraine since September 1996. Represented by the ISO code UAH and symbolized as ₴, the Hryvnia replaced the Karbovanets due to hyperinflation following the collapse of the Soviet Union. This currency, sometimes written as Hryvnya or Grivna, is subdivided into 100 kopiykas. The Ukrainian Hryvnia is the sole legal tender in Ukraine, and it is used for all transactions within the country.
The Ukrainian Hryvnia is issued by the National Bank of Ukraine, which is the central bank of Ukraine. The National Bank of Ukraine is responsible for the printing and circulation of the currency, as well as for maintaining the country's financial stability and economic development.
What Is the History of UAH?
The Hryvnia's name is derived from a medieval measure of weight in the Slavic region. An earlier version of the currency circulated in 1917 after Ukraine declared independence from the Russian Tsarist Empire. The Karbovanets, used during the two World Wars, was replaced by the Hryvnia in 1996 at a rate of 100,000 Karbovanets to one Hryvnia.
Notes and Coins of UAH
The Hryvnia is managed by the National Bank of Ukraine, with banknotes in denominations of ₴10, ₴20, ₴50, ₴100, ₴200, and ₴500. Coins are issued in ₴1, ₴2, and ₴5 denominations. The currency symbol is a cursive Ukrainian letter He (г) with a double horizontal stroke, symbolizing stability.
Economic Impact and Usage
Ukraine's transition to a market economy saw challenges, with much of the population resorting to subsistence farming and barter systems. The introduction of the Hryvnia improved the situation slightly.
The Hryvnia is used in Ukraine, except in Crimea, where the Russian ruble was adopted in 2014 following annexation by Russia. The Hryvnia continued as a parallel currency until the end of 2015 in Crimea.
Modernization and Future Outlook
In January 2023, the National Bank of Ukraine began withdrawing older banknotes (designed between 2003 – 2007) from circulation, replacing them with modernized banknotes and newly designed coins. This move signifies ongoing efforts to streamline the currency and adapt to economic needs.
Is UAH Pegged to EUR?
No, the Ukrainian Hryvnia (UAH) is not pegged to the Euro or any other currency. The Hryvnia operates on a floating exchange rate system, where its value is determined by market forces of supply and demand in the foreign exchange market. This means that the exchange rate of the Hryvnia against other currencies, including the Euro, can fluctuate based on economic conditions, political stability, and other factors.
Is UAH a Stable Currency?
The Ukrainian Hryvnia (UAH) has experienced varying degrees of stability, significantly influenced by Ukraine's political and economic challenges. Notably, the currency underwent substantial devaluation during the political turmoil of 2014, losing about 70% of its value against the U.S. dollar and reaching a low of approximately ₴33 per dollar in 2015. However, it has also seen periods of recovery, such as in July 2019, when it strengthened to ₴24.98 against the dollar. Factors like political instability, economic pressures, inflation, and the level of foreign exchange reserves held by the National Bank of Ukraine play crucial roles in determining the hryvnia's stability. While there have been efforts by the National Bank to stabilize the currency, the Hryvnia remains susceptible to fluctuations, reflecting the broader economic and political landscape of Ukraine.
Why Did Ukraine Devalue UAH?
In July 2022, Ukraine's central bank made the strategic decision to devalue the Ukrainian Hryvnia by 25% against the US dollar, a move primarily aimed at addressing the country's balance of payments issues and boosting the competitiveness of its exports. This devaluation was a response to the economic pressures exacerbated by the ongoing regional conflict and geopolitical tensions, which had significantly impacted foreign investment and reduced access to international financial markets. By devaluing its currency, Ukraine sought to stabilize its economy, manage inflationary pressures, and make its export-oriented sectors, like agriculture, more attractive on the global market. This economic maneuver was part of a broader strategy to navigate the complex financial challenges the country faced during this tumultuous period.
STT to UAH conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₴9.89 | 0.0200% / 0.0320%VIP 7 | |
Huobi | ₴9.9 | 0.1000% / 0.1000% | Yes |
Gate.io | ₴9.93 | 0.1000% / 0.1000% | Yes |
How to buy Statter Network
Buy STT (or USDT) for UAH (Ukrainian Hryvnia) 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 UAH (Ukrainian Hryvnia) 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 Ukrainian Hryvnia?
Statter Network to Ukrainian Hryvnia is rising this week.Conversion tables
The exchange rate of Statter Network is decreasing.STT to UAH
UAH to STT
Today vs. 24 hours ago
Amount | 05:29 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 STT | $0.1202 | $0.1207 | -0.38% |
1 STT | $0.2404 | $0.2413 | -0.38% |
5 STT | $1.2 | $1.21 | -0.38% |
10 STT | $2.4 | $2.41 | -0.38% |
50 STT | $12.02 | $12.07 | -0.38% |
100 STT | $24.04 | $24.13 | -0.38% |
500 STT | $120.21 | $120.66 | -0.38% |
1000 STT | $240.42 | $241.32 | -0.38% |
Today vs. 1 month ago
Amount | 05:29 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 STT | $0.1202 | $0.1516 | -20.70% |
1 STT | $0.2404 | $0.3032 | -20.70% |
5 STT | $1.2 | $1.52 | -20.70% |
10 STT | $2.4 | $3.03 | -20.70% |
50 STT | $12.02 | $15.16 | -20.70% |
100 STT | $24.04 | $30.32 | -20.70% |
500 STT | $120.21 | $151.58 | -20.70% |
1000 STT | $240.42 | $303.16 | -20.70% |
Today vs. 1 year ago
Amount | 05:29 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 STT | $0.1202 | $0.7174 | -83.25% |
1 STT | $0.2404 | $1.43 | -83.25% |
5 STT | $1.2 | $7.17 | -83.25% |
10 STT | $2.4 | $14.35 | -83.25% |
50 STT | $12.02 | $71.74 | -83.25% |
100 STT | $24.04 | $143.48 | -83.25% |
500 STT | $120.21 | $717.4 | -83.25% |
1000 STT | $240.42 | $1,434.79 | -83.25% |
Statter Network price prediction
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