Self Storage Coin (STOR) is designed to take advantage of the recession resistant demand in the Self Storage industry and provide a unique cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. solution backed by a real world use case, not found in many other cryptocurrencies. STOR provides a holder with a cryptocurrency ecosystem that represents the self storage industry. Market participants may enjoy the concept of a cryptocurrency suite designed for self storage. As STOR expands this support from continued and daily use in the Self Storage industry and a locator site for participating facilities coupled with future plans for a web app should provide stable demand for the token for the long term.
STOR sponsors valuable crypto options for use in self storage facilities. In return, users of STOR are offered valuable perksPerks are our term for benefits given to ecosystem participants. for participation in the ecosystem. Where facilities can sign up with little or no cost and benefit from our marketing spend in their locations, gaining customers and incentives at the same time.
The total revenue for all self storage is estimated at $0 for the year so far.
We began working on the Self Storage Coin idea in 2017, created the Ethereum based token in 2018 and published an article in the trade publication Inside Self Storage in April of 2018 discussing the possible intersection of Storage and Crypto.
However, there were several headwinds to overcome. One being the transaction fees. This has to be low to compete with credit card processing for the facility owners! Another is the sufficient liquidity in the trading markets. Also was the ease of use by customers and facility owners to process and receive payments seamlessly. Finally was the uncertainty of regulations being applied at the time to the cryptocurrency space generally.
These hurdles have been solved in a large part via the Solana network and their ability to facilitate very low transaction fees, provide the framework for a liquid market for trading and even the regulation and acceptance of cryto in general has expanded in the last 3-5 years.
Our Primary goal remains the same:
To provide the Self Storage Industry with a simple, durable and ever expanding cryptocurrency solution which increases profitability to the owner and savings to the customers! We foresee a point in the future where STOR will be used not only in daily operations but also to transact larger commercial real estate properties with more simplicity and efficiency than a bank wire.
With the explosion of innovative technology in the cryptocurrency space providing alternative forms of liquiditythe availability of liquid assets to a market or company. options for token creators, an updated vision for a predictable and more stable trading environment now exists as is evident in the last few years.
By servicing liquidity so the transactions are cheap and nearly instant through the use of Web3Web 3.0 (Web3) is the third generation of the evolution of web technologies. The web, also known as the World Wide Web, is the foundational layer for how the internet is used, providing website and application services. tools directly into consumer purchase flows we are now able to compete with simple click payment solutions. Rather than simply a currency traded only on an exchange, the transaction can take place using stablecoinsAny cryptocurrency designed to have a relatively stable price, typically through being pegged to a commodity or currency or having its supply regulated by an algorithm..
The use of SolanaSolana is a decentralized blockchain that supports Web3 tools. paves the way for STOR to directly compete with other payment providers and simplifies the integration into existing management software used presently in the Self Storage Industry.
At the time of this writing there are nearly 60,000 Self Storage facilities in operation or planned in the US, with an average size of around 50,000 sq ft. The aggregate revenue in the industry is over $3 Billion per Month! This revenue model is the base of support for Self Storage Coin as we work with individual facility owners, software providers and 3rd party management companies to continually expand the adoption and increase profitability for the owners of these facilities.
The unique nature of our business model not only generates an income/savings for facility owners, but also generates revenue to promote STOR operations which is then invested directly into the industry which is well known for its relatively stable profile in the Real Estate industry.
Creating STOR on the Solana Blockchain allows it to have low fees and an easy access to the crypto markets, which enables quick and easy settlement to and from cash at any time.
STOR is on a decentralized blockchain which gives it access to an open and public ledger. This enables STOR to be used in a trust-less fashion and provides security from centralized threats and coordinated attacks. Your STOR is under your control and yours alone.
STOR’s value is driven with the expansion of its ecosystem, which is supported by the self storage industry.
As Self Storage Coin expands its offerings, we will continue to review complimentary use cases, including new perks from holding as well as other customer generated ideas to make facility and customer experience more fluid and profitable.
In order for the average customer to use and retain STOR, it must be simple and efficient. Built on the strength of the Solana blockchain and the creation of a simplified first time use; the resistance to change from customers is reduced.
With the strong cash flow of the Storage industry undergirding demand for STOR and the Proof of StakeProof-of-Stake (PoS) is a cryptocurrency consensus mechanism used to validate transactions through randomly selected validators. dynamics of a Solana based token; opportunities exist to expand rewards and alliances beyond basic functions.
We encourage everyone interested in STOR and all Cryptocurrencies to be aware of the risks associated with the markets and digital assets in aggregate.
We encourage all participants to review and keep up to date on the guidance offered by the SEC specific to Cryptocurrency regulation. Here is a link to a recent discussion and we urge everyone to review and make themselves familiar with the direction and updates from the regulatory authorities. Click Here
Also, discussions in general regarding ICO's here: Click Here
Self Storage Coin makes every attempt to be fully compliant with all regulations and we always will encourage any participant in the Cryptocurrency markets to never commit any funds that you are not willing to lose all or part of; this should always be considered Risk Capital. STOR and all Cryptocurrencies derive their value almost totally from basic Supply and Demand economics and as a result can have more volatility than other assets.