Self Storage Coin (STOR) is designed to take advantage of the recession resistant demand in the Self Storage industry and provide a unique cryptocurrency solution backed by a real world use case, not found in many other cryptocurrencies. STOR provides a user or hodler 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, cash flow from direct investments into Self Storage assets and a suite of cryptocurrency products will further offer stabilizing support.
STOR uses the Solana blockchain for improved liquidity through access to a fiat backed stablecoin as well as fast and cheap settlements.
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 to allow an individual to buy and sell as needed. 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 bridging to 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 payment option 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 payment operations but also to transact larger commercial Real Estate properties as simply and efficiently as a bank wire.
With the explosion of innovative technology in the cryptocurrency space providing alternative forms of liquidity options for token creators, combined with the proliferation of authorized security token exchanges and improved overal liquidity; 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 Web 3 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 crypto itself.
The use of Solana paves the way for STOR to directly compete with other payment/settlement providers and simplifies the integration into existing management software providers 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. Cash flow generated from STOR's direct ownership is then used in the cryptocurrency markets to continually and actively support the long term value via our proprietary algorithm.
These are the features of STOR that will help drive it's adoption in the self storage industry.
Being on the Solana Blockchain enables STOR to have low fees and an easy access to stablecoins like USDC which enables quick and easy settlement into and from cash at any time.
STOR being on a decentralized blockchain gives it access to a open and public ledger. This enables STOR to be used in a trust-less fashion and grants it immunity from centralized authority threats and terrorism. Your STOR is under your control and yours alone.
By being the facilitator of online crypto payments for self storage STOR is able to capture the real economic value of these transactions and pay it out to believers in the form of buy backs
Because STOR is a Solana crypto-currency it has potential access to crypto markets and other strategies that present opportunities to earn a passive yield from it or borrow against it when needed.
In order for the average customer to use and retain STOR, it must be simple to use. 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 Stake dynamics of a Solana based token; opportunities exist to expand rewards and alliances beyond the basic trading in crypto markets.
For more comprehensive information on our Roadmap click here!
More detailed information regarding our emissions schedule and STOR distribution can be found here.
We encourage everyone interested in STOR and all Cryptocurrencies to be aware of the risks associated with the markets and digital assets in aggregate. Unlike stocks and other direct investments, the holders of Cryptocurrencies do not own a share in the underlying business or project. For this reason when discussing a stock you would buy “shares” meaning that you own a tiny fraction or a share of the company. When Cryptocurrencies are discussed, generally the term “Token” or “Coin” is used, as this does NOT represent a direct ownership.
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. Our ICO is registered as a Reg CF offering in compliance with the required guidelines as they exist. 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.