Bitcoin Forum

Starting a board for anyone interested in our coin.  As Founder I am happy to attempt to answer any and all questions you may have.
Thank you,
Charles Anderson

Our only focus is to create DEMAND for the token in daily use.  We have very good relationships in the Self Storage industry where I have worked for years.  As Founder I look at my role as the issuer as the defender of my currency STOR.  The original intent of the Federal Reserve was to defend the Dollar!  The incredible volume of monthly payments in this industry with the implementation of STOR into their payment systems will provide millions of monthly STOR transactions.

All our team's efforts are solely for this purpose and I feel strongly that many companies creating tokens for a very interesting tech may lose site that regardless how disruptive that tech might be, if there is not constant demand for actual use of the coin, it's merely a trading vehicle with possibly a short life.  Our method of creating demand outside simply the exchanges will compel individuals and companies to buy and hold STOR so for the foreseeable future the public supply in the trading markets will not drag down the price.

There are a number of developments we cannot publicly disclose at present and we will typically make those announcements on Twitter so please follow us @storcoin.

Algo?

We were going to create the token on Waves.  But not happy with the level of security on Waves platform so we opted for an ERC20 token.

As an ERC20 token we have many more options for trading and storage than on Waves.  Also the platform is commonly know and stable so this will serve us well for years to come as we build the business.

Due to concerns about security in Waves we abandoned that direction and created the token as an ERC 20 token which can be found using Etherscan : Contract: 0xa3ceac0aac5c5d868973e546ce4731ba90e873c2

We are presently trading lightly on EtherDelta and our current focus is to bring additional liquidity by getting listed on some quality exchanges.  This will hopefully happen soon but we are not in control of their process.  We'll update here when the various exchanges give us updates.  As a US based company we are trying to get with exchanges that will allow our investors to trade in $$ or at least USDT.

We have had very good response from the Self Storage community and should be able to announce soon that one of the most popular TV shows related to the Storage industry is working with us to promote the ongoing use of the STOR coin.  This will help us not only penetrate the monthly payments use but also the auctions which typically happen about once a month at each location.

Feel free to e-mail me directly at storcoin@yahoo.com since I don't always have time to stay on top of all the forums or message me on Twitter @storcoin

Charles Anderson
Founder

Hello, you need to create a new ANN with much more info, the only thing we see here is a Token, no info about you project and what it can give to the investor.  ;)

Good luck.

That's a fair point, I really don't spend too much time here as you can tell.  Our website is selfstoragecoin.com and I have mostly been focused on working with our industry folks in Storage lately to get the info about the coin out to them.

So here's the main point, our project from a tech standpoint is nothing special, it's an ERC20 token!  Yippee.  But after looking at the broad picture of the crypto market wearing my layman economist hat, the key to value in my opinion is DEMAND pure and simple.  I have traded on the option exchange floor in Philly and also owned a small stock brokerage firm, so our focus is really based on that.

I have a large number of great contacts in the Self Storage business which is a cash flowing machine.  To me it's a perfect marriage for long term value growth in crypto which is why we launched the coin!
Thank you,
Charles

We are truly a use case based on the theory of Supply Demand economics.  Regardless what you think about a particular coin they all trade based of this.  We've seen this evidence since the beginning of 2018 really come to the forefront.  There are no charts that can predict the future.

Our goal each and every day is to expand the use and not only promote the use in daily commerce.  This long term strategy should yield benefits to all hodlers!  For example if a customer pays for their Self Storage unit in STOR and receives an incentive bonus.  A certain portion of that will be kept in a wallet somewhere and not necessarily be traded for sale back on an exchange.  Each time this happens a small portion of supply is removed from the market.

More information about the coin

I'm happy to answer any specific questions you have.  Also you can go to our website selfstoragecoin.com to learn more.

They are a young exchange but improving and we are applying to a number of other exchanges as well.
Thanks for the interest.

The short answer is that we are a P2P method of value transfer supported by the strong cash flow of the Self Storage industry.  As the use of STOR expands the demand will therefore expand and this is where we feel we are different than many other cryptos.

Please also follow us on twitter: https://twitter.com/storcoin

Well... Do you think about creating a new currency like dollar, but on blockchain? Do you mean that STOR will act as method of storage of the value? I am not sure I have fully understood the concept...

Thanks for the question.  We aren't trying to mimic the $ or any fiat currency.  But with our focus on the demand side of the supply and demand equation our goal is to achieve a less volatile coin in terms of price swings that many other coins have in the markets.  Self storage is a sort of boring cash cow, but that means continued buy pressure as we expand into more and more locations.  That's the goal.

As a result of the strategy we anticipate a methodical reduction in the trading supply as individuals and self storage owners accept payments and hold a portion of STOR in the wallets.  When those tokens are removed from supply we anticipate a logical appreciation over time as adoption of the use continues to expand.  This is why we hope to achieve a store of value in terms of a STOR holder looking at us as a good option to keep STOR longer term.  Of course nothing is guaranteed but that is what our project is built around.

To that end there are a number of payment apps we are talking to which will help make for much easier transfer and we are also seeking more exchanges to continue to improve our liquidity.
Thanks again!