This means that the token’s value has a significant impact on the rate at which Storj’s reserves are depleted. If the token’s value is low or very low, Storj’s reserves will drain faster. Furthermore, if the value is low and there is no demand for the token, there is a risk that the token could be delisted from exchanges or become difficult to sell. In fact, I have personally experienced this issue, where I was unable to sell received tokens for almost a day due to lack of demand.
I believe the bonus is actually 10% and I don’t believe this is sufficient to create significant demand for buying the token.
Once Storj’s reserves have been depleted, it would be prudent for them to switch to a more stable and reliable solution. One option could be to use a popular stable coin, which would likely even have a positive impact on SNOs. Even better would be to abandon the token system altogether and pay SNOs directly into their bank accounts with a solution provider I had already hinted. It is possible to automate this process for the vast majority of SNOs looking at the map where the nodes are. And for the few countries that might still require a manual task, this still might be done in an at leas semi-automated fashion.
The Storj token was great for the start but will hopefully become obsolete soon.