Open discussion / ideas for updated tokenomics

You sometimes do it too :slight_smile: accordingly your recent topics :wink:

However, you might be right, the SN quality may grow.

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Or, instead of refunding the held amount, hold onto it, taking more as node grows, so that the held back amount matches the cost of rebuilding stored data if node dies/disappears.

Held back amount payable on successful graceful exit.

Oouuuff, I feel attacked by this one friend! :stuck_out_tongue:

It’s getting better, alright!

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With all that hashstore discussions, I almost forgot about Storj planned staking.
Are there any news? I think there was something mentioned about septemeber…?

StorJ now buying back 5% of SNO payouts, starting June 2025

See July 2025 town hall from 16:20, with direct link below:

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How are they buying them back? And where can we stake storj?

As always, expect a blog/forum post with details in due time.

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All, I wanted to provide a brief update on this thread. We have now executed the buy back for 5% of the SNO payouts for June - Sept. These buy backs have been sent to the wallet address 0x06177A8C93535b342321E9a5984560b4E37c2D43 For now this will be the location of the staking reserve where the value of the reserve can be monitored and the monthly deposits can be tracked. We are still in ā€œPhase 1ā€ of this change and are working and planning for ā€œPhase 2ā€. The Blog post announcing this new program has also been updated with the wallet address above.

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Worth noting, since you might be wondering: even though we only recently transferred these buy backs for the last four months to this wallet, we did not make all 4 purchases 12 hours ago, like the transactions imply, heh. Going forward we’ll be doing this each month.

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I hope you used a discount to the token that market offered several days ago.

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Is there really a commitment from the company to improve the token system so that it truly reflects the value of the network? Shouldn’t there be a whole sector of the company dedicated to this? There are many aspects that need to be changed. Currently, only the storage service is linked to the token. I have the feeling it’s more out of obligation (since the reputation would be negative) than conviction. Greetings from Argentina.

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Great to hear buybacks are there !!!
Because of the storj coin many people in crypto are also getting to know what storj is.
Without the storj coin there would be much less interest from crypto/web3 companies
So in my eyes the storj coin is very important for the company

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Man, this is a big upstick! Nice to see that people buy the token.

A random thought. The recent changes to plans and pricing might have made treating a storage node as means to exchange storage between peers even more remote than it was. Previously for each 2.3 TB I store I could effectively fund 1 TB of Storj storage for myself, taking into account payment in tokens (+10%) and using L2 (+3%). Now I’d need 3.5 TB to do the same with the active archive plan.

Honestly, even the previous level was a bit too much for me; for my own ~12 TB of backups I’m using a provider that costs around half of what Storj used to, and on top of that—has generous free egress. At the same time I really don’t need performance that Storj offers—I can’t claim Storj’s price is not fair compared to its parameters. So now I wonder—how close could Storj get to the tit-for-tat level by tuning RS values and chunk sizes to make this kind of hobbyist backup/low performance possible? If a plan tailored for this kind of use was there, even if only available to people paying with tokens and not using S3 gateways, maybe that could generate some interest?

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You need to take a look on a segment-month fee in your invoice. Perhaps the Active Archive tier would become even cheaper for you.

Also, the legacy will be still used in your projects created before November 1, 2025 until October 31, 2026.

Sorry, not sure what you are addressing here?

The Active Archive tier may become cheaper than the Legacy tier.

The provider I’m using now would still be cheaper, they have never charged a per-segment fee.

I hope that it’s also robust and not as a single region, like was in Korea and AWS us-east-1 recently.

It’s part of the 3-2-1 backup, it doesn’t have to be that kind of robust.

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