Interesting they talk about cloud storage and such. Definitely surpassed SIA coin. Not at market cap though.
It is really huge.
When compare with Sia, Storj's marketcap seem too low.
And now they have plenty of money to deliver good product.
This subsequent move in market cap will follow for sure when some issues are solved:
a) Consolidation of tokens→Poloniex stops trading (the old) SJCX and starts offering STORJ (ERC20) thus ending the messy situation of having 2 different tokens (and prices) for the same project;
b) Transparency→Storj Labs "summarize the status of SJCX migration and the STORJ crowdsale" and reveals all the numbers related to the recent token sale ("How many SJCX have been converted to STORJ? How many STORJ fall into each of the time-lock tranches, and when do these time locks expire? How many STORJ are in circulation? Disclose a policy regarding how many STORJ Storj Labs will introduce per year.")¹;
c) Disclosing Goals→Storj Labs reveals development roadmap and accounting of used (and yet to be used) raised funds (those $30M);
d) Dream team→Storj Labs hires a CEO (someone to be the leader of the team and also responsible for public/stakeholder relations²), CMO (please someone to handle marketing, for God's sake) and full time developers.
[1] I took those quotes from lunokhod2 @ storj.reddit.com
[2] When I say stakeholders I mean shareholders, venture capitalists (e.g. bnktothefuture.com), partners (e.g. exchanges, FileZilla, Heroku) and token holders.
IMHO Storj Labs shoud have solved those issues (a) to (d) before announcing that news. The announcement of FileZilla integration was great but the timing was not. I guess if all those issues were solved before FileZilla's announcement STORJ market cap would be worth tenfold+ by now!
P.S. I think Storj team (what's left of it) is smart. They are able to learn fast from their own past mistakes and will do right next time solving all those issues and making more exciting updates in the right timing...
BTW I'd like to thank
MeijeSibbel and
helmex for doing what they can to keep everyone outside Storj Labs as updated as possible about project's news.
I'm just updating what I've posted months ago:
[...]
a) Consolidation of tokens→Poloniex stops trading (the old) SJCX and starts offering STORJ (ERC20) thus ending the messy situation of having 2 different tokens (and prices) for the same project;
Status: DONEb) Transparency→Storj Labs "summarize the status of SJCX migration and the STORJ crowdsale" and reveals all the numbers related to the recent token sale ("How many SJCX have been converted to STORJ? How many STORJ fall into each of the time-lock tranches, and when do these time locks expire? How many STORJ are in circulation? Disclose a policy regarding how many STORJ Storj Labs will introduce per year.")¹;
Status: DONE (partially)Source:
http://blog.storj.io/post/165553434093/token-sale-wrap-up-detailsc) Disclosing Goals→Storj Labs reveals development roadmap and accounting of used (and yet to be used) raised funds (those $30M);
Status: DONE (partially)
d) Dream team→Storj Labs hires a CEO (someone to be the leader of the team and also responsible for public/stakeholder relations²), CMO (please someone to handle marketing, for God's sake) and full time developers.
Status: No CEO and no marketing efforts (referral campaigns, YouTube promo videos, retweet campaigns, discounts paying with STORJ token, etc) announced yetIt seems the team is doing good in the right direction. Maybe isn't it time for Storj Labs to take a little more care of Marketing right now?
