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.
. 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.