I was thinking about how the situation of loosing value between the time of the payout and the exchange of the token could be impruved and one way would be by:
spreading the payouts among 15-20 days.
The steps would be:
on the day 2, Storj allocates a random number from 10001 to xxxxx for each wallet that must receive payout for the previous month;
on the same day, with a random generator, Storj draws the numbers (coresponding to the wallets) for the first day of the payouts, then for the next day, then for the next day and so on;
after this, Storj will have a list of wallets for each day of payment, starting from day 5 until day 19-24 of the month.
Optionaly, inform the SNO of their day of payout:
SNOs could receive an email with the established date of their payout, but this would be to complicated for Storj team to send thousands of emails every month.
better, there should be a dedicated page where each SNO imputs their wallet address and gets the date, with a spam limitator, like 1 imput per sec per IP, or something.
I’m thinking that by spreading the payouts among many days, the price of the token should’n be affected by the token sales, the effect should be dilluted. The SNOs would not be pressured to sell their tokens in the moment they received them, and they would sleep better, especialy europeans who always receive their payouts in the middle of the night.
Thoughts?
Your reference is 8 months old, nothing seemingly implemented.
Storj has been bought out since then.
Company that purchased Storj has merged with another company since then.
Both these two companies appear to only require StorjSelect version of network.
The “service” that was 8 months ago, has dropped somewhat in the process.
A token buyback system was implemented, but there were no clear deadlines for the remaining stages.
However, I don’t have any further information, so I can only provide what I have.
Well maybe we should get better aligned first and Storj shall clarify what their understanding of “tokenomics” is.
At least according to Wikipedia this covers several areas including:
Key areas of interest include determining the value properties of the tokens themselves, and how the properties of tokens (together with other cryptographically secured rules and associated system actions) affect broader economic characteristics of the system including:
How they provide and distribute scarce resources
How that system interacts with other external economic processes
So maybe Storj should be more specific about what their real goals are. Because so far it appears as if Storj is not at all interested in considering fundamental changes to eliminate the fundamental flaws of the current concept.
Whatever changes have been proposed, we hear the same responses, like that the implemention is too expensive or that it will hurt the token value. This basically says that Storj does not really want to change anything.
So what is the purpose of asking for ideas? What suggestions did Storj have in mind when asking for ideas to
?
Some magic wand to increase the STORJ token value magically but no changes in the status quo?
To me it appears that Storj refuses to accept the possiblity that the STORJ token has served its purpose and that fundamental changes should be considered for future stability and utility of the companies business case.
To me the real issue is not tokenomics at all. Storj is a storage resp. infrastructure company and not a crytpocurrency venture or a payment provider. It is competing with AWS, Wasabi, Backblaze, Azure etc. and not with PEPE or Litecoin. And therefore for me any further thought into keeping the token on life support - when the company’s fundamental value and business case lies elsewhere - is simply misallocated effort.
In my opinion the strategic planning should go towards exiting the token and ressources should be invested into anything that strengthens Storj business position as infrastracture company.
I know your opinion, it’s posted a lot of times in any possible thread and it’s shared with the team. However, right now there is no plans to change anything in the payout system which I’m aware of.
As for me it is worst thing that storj can make. because people will wait till all coins and dump then. so dumping point will shift from beginning of the month to end. Today I get my coins and decide i sell today or some other day or hold. If they make as you propose it all will be much harder. I don see how it will hold token price. Most fluctuations made not by node operators but by Wall street.
I think the best thing that storj can make it to by tokes back every month, not 5% but 100%
then circle will start work.
Hopefully this will change in the future.
At least on the Diol site we see already for compute providers:
Fill unused capacity with verifiable demand, offer programmable SLAs (speed, compliance, location), and get paid in stablecoins/tokens with transparent usage receipts.
I don’t see any reason why storage providers should not get paid in stablecoins as well.