I know that this forum is more about the techincal aspects of the node operator, but just I bought a lot of storj tokens and was wondering what does influencing the ups and downs of the storj token value. I mean the STORJ decentralized data storage is awesome and I am down with it all the way no matter how difficult is to mantain this nodes. Is the passion driven more then the financial side of it. But now as I am investing time and money on it, again I was wondering aboout the ups and downs of the storj token, the why…
Like all things on free markets… supply and demand.
STORJ has two specific purposes:
Pay Storage Node Operators
Pay for storage on the network
Prices of STORJ changes on a particular exchange based on the number of buyers and sellers of STORJ. Each exchange platform is different… and may have a different price for STORJ. The price on a particular exchange is due to that particular exchange’s supply and demand. It can be inferred that entities purchasing STORJ token to buy space on the network would drive up the price of STORJ. So, it’s possible… but not necessary true… that the price of STORJ is correlated to Tardigrade demand.
My guess is:
STORJ is a good investment and it’s a better investment if you buy a little extra and use the service. However… neither Storj nor Tardigrade are likely to make any comments about STORJ price or market dynamics.
Caveat: I’m a 14 month and running SNO… but not at all affiliated with Storj or Tardigrade or any particular crypto exchange,
If it would be possible to buy StorJ Shares I would.
But I think the success of the company as somehow represented in the token Price. Because if the Company has better success more tokens get bought to buy storage/gpus (and maybe more in the future ).
Sure whales have a big impact, but the more people use the token the more people want to buy the token. So the price increases. (And somehow you help the company in increasing wealth, because the token they hold have more worth)
Please correct me, if I see something wrong. But I think buying (or holding) the utility token is helping the company too.
Indeed, interesting tokenomics here. Finally, with regard to STORJ, one may perceive the token is becoming more utilitarian, as the Co. has liquidated almost all of it’s equity interests. Normally one might be entirely concerned when a regular corporate America company sells all of it’s shares to public market; investors would expect that they would buy back ‘shares’ showing confidence in their market position, in that their in-house return on investment is advantageous. If you’re truly following the bouncing ball here, there no way in h#ll that the ~$50 million they cached out was proving fruitious from a ROI stand point of a start up - total failure since inception. So they’ve divested, bought alternative and synergistic growth avenues with cash, and additionally shared a significant amount of tokens, to retain some equity interest by way of acquisition. There once was a ICO, so disregard the entirety of claims that they must purport to be ‘utility tokens’, that’s a requirement to assure legality, nothing else could be said by Storj - Crypto, it’s a new order. There is leverage to the business model, for the cheaper the Stoj token may go - the more incentive the offer is for cheap storage; anyone interested in a long term view, can get a hell of a deal. If anything you should be concerned about the previous controllers of the acquired companies, for they also hold ‘tokens’ for a specific value in consideration of those transactions. They certainly do not view STORJ as just a utility token, believe me.
I’m not going to continue rambling, because well – everyone should think for themselves. This forum and it’s participants is just a tangent of what’s happening; therefore, the views are skewed and not entirely informed.
Actually another sign that the storage business did not take off as intended.
Indeed it should not be required to make use of a “utility token” to pay 2 known companies for the acquisition. The reasons that have been stated for the existence of the utility token was that it is impossible to pay small amounts to thousands of node operators in hundreds of different countries.
Now we pay acquisitions with Storj tokens?
Whenever tokens appear in public forum, I suggest Storj legal department should just demand that Storjlings not say anything, it’s that simple.
Now we pay…
Huh? Compensation in cash and STORJ listed in the announcement(s), a while ago. They can do whatever they want with them and always could, I just like when I see them doing intelligent things. ~30 million on the books left, with whatever future unlocks are available - in consideration of full future max dilution, I like the position they’re in. I was only a little distressed they crashed it down so much two years ago (accumulating cash), like fire that CFO - subsequently it went over $1. Their cost average was less than ICO - which was .52-.55, if I remember correctly. They prolly averaged about .35 at most for all those liquidated tokens. But hey they market bounced nicely back, and it’s a very good/healthy circulating supply at the moment.
cunoFS and Valdi customers are typically cloud storage users. These acquisitions are new and our sales team is out there selling. We get inquiries from companies looking to purchase one or more services rather than Storj having to cold call them. This has opened a lot of eyes to the storage product and we may see more expansive adoption of it in 2025 thanks to these product synergies and ongoing sales relationships with prospective customers.
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