As transactions costs are volatile like the token value itself, it works only well to some degree when the gas prices are low. We still have the minimum fee and the L2 solutions because on L1 it does not really work as well as originally intended.
Which as well could and should be done with a stablecoin.
Which would not be required if Storj would send a stablecoin or other form of stable payout instead of a volatile token.
What the current STORJ price? $0.11 when it was at $0.20 or $0.16 a month ago?
How does it make sense for Storj to buy tokens at $0.20 and send them to SNOs with a value of $0.11?
And if you don’t sell it immediately, the risk of further massive loss is on the SNO which is not fair at all as it is the payout for the service the SNO has fully provided the previous month. The SNO should not be forced to sell immediately hoping that there is no crash of prices.
So altogether as I keep saying: The system was great when buying back token was not required and Storj did not really have the money to pay the SNOs.
But as of today when Storj needs to pay USD to buy tokens to send them to the SNOs which sell them on volatile markets (for USD), this whole concept does not make much sense anymore and has completely obsoleted itself in my opinion.
That’s an issue with the choice of network, not the token. They could be sending USDT/USDC as payouts on the same ETH network… and transaction costs would be volatile… and there would be minimum fees… and L2 options to try to avoid those fees.
When Storj can afford it, they definately could start using stablecoins. They wouldn’t switch immediately: because there are a lot of STORJ tokens out there and people would scream if their value went to zero overnight. But SNOs can already swap their payouts to stablecoins if they’re concerned about token values… so it I don’t know if I’d say they should do it. If SNOs want to hodl stables… they’re already hodling stables
SNOs can always do what they want. Hodl. Sell. Burn. Whatever. After being told for years that STORJ isn’t a token they should expect to increase in value… they could still hodl it. I think selling is a better option (or like you’ve mentioned: swapping to a stablecoin).
Storj still does not really have the money to pay the SNOs. They hope 2026 will be the year they really have the money to pay the SNOs. Until then: they’re relying on the remaining treasury tokens (while they ramp up monthly token buys - because eventually they’ll need to buy at least 100%).
As of today Storj isn’t buying all the tokens needed to send to SNOs (just a small amount): they aren’t profitable yet: they can’t afford to do so. So still using treasury tokens for now does make much sense.
I hope they become profitable soon. And I’d be fine with stablecoin payouts one day. But if they’re telling the community they can’t afford it today… and they’re looking for ways to sustain the value of the STORJ tokens they still have in their back pocket: I understand those ideas as business decisions.
We do not discuss a change of the payout method in this topic, we also do not discuss switching to other chains; no FIAT, no stablecoins as a payout method in a feasible future.
Please, do not suggest these options in every topic where you could, it change nothing.
Here we discussing options for usage of STORJ tokens only, thank you.
I shared your idea with the team.
Do you know, is it used by anyone?
Also, I don’t believe that we can pay for listing, while STORJ token is listed on many other exchanges willingly without conditions and for free.
So many discussions about the Storj token but… I can’t find any mentions about it on the official website.
Where are the Token specs, where is the contract address, where are the exchange links? I can’t find any dedicated page or mention about it.
Yeah, but at least a link from the official services page would be useful. Now you can put out on the market gazzilions of fake tokens with the same name and logo. The only way to verify you are using the right one is to check the contract address, besides volume, that can’t be a bullet proof method.
And were do you find the right contract address if there is no mention on the official Storj io page of it? Ou, there is a Storjtoken page.
I could make 1000 similar pages with different contract addresses that would promote the “real” Storj token.
It’s just that I recently switched to another DEX and wallet and they always say “please verify the token contract before submiting any funds”, and, as a good crypto user, who follows the Good Practice Rules, I searched the official page for the Storj token contract… and searched… and searched…. and I gone to CoinGecko in the end.
So, yeah…
What about a Network Contribution Rewards model instead of revenue sharing?
Opt-in only, no profit language, no passive holding rewards.
Rewards tied to participation (lockups, uptime, reliability).
Payouts as service credits, fee rebates, or limited tokens from an incentive pool.
Result: stronger node commitment, lower churn, healthier network — without creating sell pressure or regulatory risk.
Nice find! They are cheaper than Visa/Mastercard for a business owner, lol.
I also sugested Wirex, because it has a debit card and is very convenient for sno, but the answear was that Storj token is already listed on enough exchanges.
SEC → Classification as a means of payment/security
