By default our sales team will not mention storj select and try to sell the global network instead. In addition they will sell GPUs and Object Mount since they work in combination with the global and the select network. Anyway the point is our select supply is currently limited and the sales team needs to find out which network is the best fit for the customer. Not mentioning storj select at first is a good way to do that. Only if the customer starts to signal that the public network is not an option the sales team will introduce storj select in order to still win the deal.
Which contribution will the team buy for, when theyâll mostly throw it back into the market through node operator incentives, operational costs, and team salaries?
I have some dissonance - you seem to read words, but there is some feeling that you do not understand their meaning. People here have already explained everything to you many times and even given links, but you ask the same questions all the time.
Why would you even do trading if you canât do your own research quickly, as most exchanges say before you buy tokens?
Storj is not a way to make money, but thanks to it I can return part of the costs of my running servers.
Itâs you who must find a job before you lose all your money on the exchanges ))
@Wasi20908: you are begging for my world-famous one-to-one coaching sessions.
Now repeat after me: if I hold any storj tokens I will immediately market sell them on any of the exchanges that I use. Now go and do just that please and never post anything related to storjâs token price.
If there is no market for the STORJ token for whatever reason and SNOs are unable to sell then it will have severe consequences for the entire project.
The problem with society is that internet gave a platform to âjournalistsâ like yourself who with a straight face through the sheer ignorance or hidden agenda push nonsense like below.
If your misguided questions here were your âfact checkingâ let alone âinvestigationâŚâ.. oh boyâŚ
Seriously dude. All information is available. Including on this forum. You neglected to do any research and jumped straight into asking the same questions again. People responded to you, giving you benefit of the doubt. You ignored all responses and keep pushing this token price nonsense. If you already made up your mind unburdened by facts â why are you still here?
On the flip side Iâm sure your âinvestigative journalismâ creates lasting value for yourself through ad revenue off of your readers. The more clickbaity the higher engagement. How accurate it reflects reality is entirely irrelevant.
In your âresearchâ you still do not understand the core business of Storj. Can you tell me what do you think it is? Hint â if your response contains the words âcryptoâ or âtokenâ â you are already wrong.
TLDR 1:
You may not be very good at it. Perhaps consider career change.
TLDR 2:
Quit trolling. I cannot suspend disbelief enough to take you seriously. You must be trolling.
I think heâs approaching things from the crypto side: where many projects are trying to give their coin value. Thatâs kinda their thing: they have to drive up coin value, or die.
Whereas Storj started as a cloud storage company: and they make their money charging customers more ($4/TB/m + egress + segments) than they pay the operators ($1.50/TB/m, times RS, plus egress). And⌠of the many S3 competitors out there⌠Storj is unique that it pays its operators in their own token. And customers buy that token for a 10% discount if they want to.
Itâs true that Storj started out with a mountain of treasury tokens they paid with (not uncommon), and theyâre almost out. But theyâve grown their market, and adjusted payouts, to a point where theyâre profitable without the free coins. They can buy the token and send it as payouts forever at this point. The Petagene and Valdi acquisitions put a dent in their finances so Iâm sure theyâll still want to use as many tokens as they can thoughâŚ
@Wasi20908 - for your article you should definately let people know whatâs going on. Storj is a company that sells object-storage/s3-tools/GPU-rentals for fiat. And it also has its own token to pay the community that provides space. But itâs not a token youâd buy as an investment (just to get a deal on buying space).
How so? If storj will continue paying with tokens they would need to buy them first. Thatâs demand. The value of token itself in fiat is irrelevant.
Storj token served its original purpose of bootstrapping the business. Now itâs not needed nor critical. But it still âworksâ so why change what works? At some point storj may or may not decide to pay in etherium or stablecoin or hire a payment processor as you suggested before.
In my mind utility of the token is to attract âcrypto brosâ and jump in the bandwagon of âweb 3.0â. Buzzwords are important to cater to wider audience (with a side effect of having to deal with certain forum users that cannot see anything beyond said crypto). If you remove the token from existence â storj will still work, and node operators will be able to get paid with less hassles.
I appreciate your perspective.** However, my research is rooted in data and factual analysis, not assumptions or emotions. If thereâs a specific issue with my findings, Iâm open to constructive feedback supported by evidence. Personal attacks donât contribute to a productive conversation â letâs focus on the facts and discuss things rationally.
Correct, token was used as a means to raise capital to bootstrap the company. It served its purpose. Itâs no longer needed.
Holding storj token does not confer ownership in the company, holders of tokens are not entitled to financial disclosures as shareholders would. Storj is a private company, and donât owe anyone an explanation, nor are legally required to disclose anything about their financial working, including on how they spend revenue. Storj already shares way too much information in the spirit of transparency, you can read published reports on your own.
Secondly, if you had this tone from the get go, you would have found your answers way early but you are hell bent on spreading your narrative of your assumptions.
Even though you have denied it, you have clearly invested in tokens which has you this riled up getting âanswersâ. Since you are an âinvestigatorâ, you should publish your findings and link those articles in a thread you make specifically for it. Then Storjâs lawyers and your lawyers can sort this out and help you get a better point of view because clearly anything said so far has fallen on deaf ears.
This is kind of a wild statement.
The real money backing the token came from somewhere, there was someone who invested initially expecting to get some returns. Otherwise why would they invest? That is where the initial value came from, that is where the real money spent on salaries and infrastructure came from.
Now it looks like you are suggesting lets get rid of the token, which would mean the value would tank to zero.
Iâm not holding any Storj tokens usually, but getting rid of the token would be a huge rug pull, red flag and at least a huge PR problem for the company.
Following such schema anybody could generate money from thin air and that wouldnât be koscher I assure you.
The project raised funds by selling the tokens, promising a certain utility or function within their ecosystem. Abandoning the token could be seen as a fundamental breach of trust with investors and users who bought into the tokenâs value proposition.
The SECâs stance on cryptocurrency is that many tokens are securities. If the token was sold as part of a securities offering and the project then abandons it, this could trigger several SEC concerns like fraud, securities law violations, loss to investors.
Storj token will always be part of Storjâs ecosystem.