STORJ has been in the market since 2017, but its performance has been relatively modest compared to other cryptocurrencies launched around the same time. It appears that, instead of allocating a significant portion of the budget toward marketing and ecosystem growth, there has been a consistent release of tokens into circulation, which increases the supply and could pressure the token’s value.
Given that the project itself has not shown strong confidence in holding its own tokens, what strategies do you have in place to maintain long-term sustainability? Specifically, once the full 425 million token supply is released, how will you cover operational costs, employee salaries, and node operator incentives without relying on further emissions? What is your plan for ensuring the continued viability and growth of the ecosystem ?
Why should any user spend their time answering your questions when you threatened to submit an application to SEC against this project ?
You are not here to get answers or understand any actions taken by Storj but rile up FUD and spread animosity with baseless accusations while forcing your beliefs on fellow forum users.
You’re kinda putting the cart-before-the-horse . It’s an object-storage company… that just happens to pay providers in crypto. Having a mountain of their own tokens gave them “something to give away” in the early days when they were poor… but now that they’re profitable they could really use anything to pay SNOs. If they need to buy $100 in tokens every month to send $100 in payouts that’s fine - they could do that forever.
STORJ has never been something you hold expecting price appreciation. It’s a utility token that makes paying almost 28000 global providers convenient. SNOs should sell every token 5min after receiving it…
Please familiarize yourself with the project before posting nonsense. STOJ token is a utility token. Its worth at any point in time is completely irrelevant. It is not an investment vehicle, it’s not a share in the company.
From proceeds selling storage, doing the business the company was created to do.
How does bakery make money and pay suppliers without printing money? By selling the product.
Storj is a private company and they don’t owe you nor anyone else an explanation.
Which bakery are you talking about and which product? Your bakery is empty, there are zero customers. You post on X and don’t even get a single comment. What bakery and product are you referring to? You’re the one eating the items yourself — the bakery’s shutter is down.
How do you know, that there are no customers? So if you run in a bakery in the morning and see full shelves but no customers and then in the evening and see empty shelves but no customers, you assume the owner ate all? Why should they run a business with “fake” customers? Haven’t you seen any featured partners on their side? Like Truenas and so on? Just because I am a customer I don’t have to write under every social media post
Pro Tip: here you can see that real people are doing real work with StorJ. They have ideas, problems and questions. Everything a real person has!
Rest assured, the shutter will rise again and when it does, I’ll be baking with a newfound intensity fueled by the sheer audacity of your remarks. Perhaps I’ll even name a particularly dense and unforgiving pastry after you.
Dude, the only bakery is in your head. That simpleton analysis of tokenomics was certainly amusing, though! I suppose such ignorance does partly explain your apparent random SEC threat as noted by @nerdatwork.
You should note that said divestments have had a synergistic addition to real world value and profitability for this entity. Furthermore, over simplified utility token conceptuals aside (obviously they will never confirm anything different within this forum or otherwise), significant tokens were used in payment of/for these new acquisitions; thus, while not locked are probably not in circulation. While said tokens are surely subject to the veil of private corporate investment disclosure, I don’t believe Storj communicated any specific restrictions regarding cash to token ratios, nor restrictions on capital remuneration offered & accepted. Nor would they be obligated to. It’s a calculatable matter of public record how much Storj liquidated in accomplishing this segment expansion. So if you’re really doing your homework, maybe start there, and then fully contemplate their original ICO structure and offering.
I only see management operating intelligently, and at a stratospheric level comparative to your ground level observations.
“Storj has been active in the crypto space for over 10 years, yet the token’s market performance and ranking remain relatively low. What are the main reasons behind this, and what concrete steps is the team taking to improve the token’s value and visibility going forward?”
Thanks for the clarification.** I understand that you’re not legally allowed to influence token price, and that your primary focus is on the technology and operations of the network.
However, token value does have real-world consequences for your community—especially for node operators, contributors, and supporters who rely on fair compensation or believe in long-term sustainability. Saying “we don’t care about the price” might come across as dismissive, even if that’s not the intent.
We’re not asking for price manipulation—just transparency, engagement, and acknowledgement that the token economy is a crucial part of your ecosystem.
No it does not. Not they don’t. Node operator payment is calculated in USD. Token price does not affect amount of value their receive. It’s literally irrelevant.
If the operators earn $100 and token today was priced at $1 they will receive 100 tokens. If the token is priced $0.01 they will receive 10000 tokens. In either case — they receive $100 of value. Then the expectation is the recepient immediately converts it back to USD or other currency.
When storj runs out of tokens — they will buy them on the open market as needed. Value exchange between Storj and node operators is determined by value node operators provided, not by token price.
I’m pretty sure all of this is described in the whitepaper and other documentation freely accessible to anyone
Why do you expect any transparency from a private company?
What engagement do you expect that does not violate the law?
No, it isn’t. Purpose of token today is to transfer value. Its own value is irrelevant. It has no intrinsic value. It’s a medium of exchange.
It’s cute that you say a private company doesn’t need to offer transparency, but when you market a token as ‘decentralized,’ you’re playing a dangerous game. It’s not just misleading — it’s borderline deceptive. You can’t sell the idea of decentralization to the community while holding all the strings behind closed doors.**
Claiming a token has no intrinsic value because it’s a medium of exchange is a cop-out. You’ve built a network that’s marketed as decentralized storage, yet you still control the ecosystem with an iron grip. That’s not decentralization; it’s just distributed centralization.
You want to control the narrative, but the truth is that decentralized networks thrive on community control — not on a private company’s whim. Keep pretending it’s decentralized while the real players see through the façade."
This is the place that you not understand. Storj not sell or market tokens, They Sell decentralized Storage. This is big difference. Storage is product not tokens.
Token is only payment method, it not connected somehow with storage itself.
@nerdatwork was able to give a perfect summary of this thread, even before he read it, as he put in the very first response:
You are not here to get answers or understand any actions taken by Storj but rile up FUD and spread animosity with baseless accusations while forcing your beliefs on fellow forum users.
The current system has several significant drawbacks and failures. Hopefully, when Storj exhausts its token supply and is forced to purchase them on the open market, they will reconsider and transition to a more effective system. The STORJ token essentially serves as a means for Storj to pay Storage Node Operators (SNOs) with money they don’t actually have. If this situation changes, it would be prudent for them to abandon the token and adopt a more suitable alternative. There are indeed more efficient and practical solutions available.
Please Google them yourself. I don’t post names or links anymore.
No, it would be enough to work for the majority of node operators, like 75-90% percent.
But the solutions I am talking about are advertising payouts in almost 200 countries - even China and Russia-, micropayments and transfer cost as low as $1.
So basically everything that Storj wants to achieve with their token but as it seems without the downsides.
. It’s an object-storage company… that just happens to pay providers in crypto. Having a mountain of their own tokens gave them “something to give away” in the early days when they were poor… but now that they’re profitable they could really use anything to pay SNOs. If they need to buy $100 in tokens every month to send $100 in payouts that’s fine - they could do that forever.