@dstors will all goods and services be sold only for Steem/SBD on launch? Will the STORS token be used for purchases on the platform at all? For example, could products be priced at a discount in STORS tokens rather than Steem/SBD? Is it possible other SMTs on Steem that have value and liquidity could also be used for transactions? This could give the STORS token and other SMTs additional value. Just curious if this has been discussed or planned?
Posted using Partiko iOS
For launch it will initially be fiat, Steem or SBD. The STORS tokens will be used as a form of reward that the buyer and seller can choose to redeem for upvotes or they can sell them to the exchange.
Ideally, we want people to make that choice. So if they are willing to accept AFIT token or HUNT or whatever other smt, then they should be able to.
I see what you mean. Ability to accept multiple tokens makes things easier on the buyer. The step of not trading a token to Steem could have influence on if they make the purchase. Of course the buyer accepting a token may want to trade that token to Steem, SBD or fiat, and that could lead to a revenue source for dStors of you give the ability to trade on site for a few. And if you set a standard that anytime the STORS token is used the price is discounted x percent, say 5% or whatever the standard is, that really gives extra incentive to buy and hold STORS tokens for a reason other than trading for upvotes. That could put a lot of value and upward pressure on the price of STORS. I mean what is the value of the token, what can it do that Steem or SBD can’t? Trade for upvotes? That’s great and exciting, but you can do that with Steem and other SMTs. Setting a standard for what makes STORS valuable that no other token can do, that’s where you could exclusively make that the token where buyers save 5% by transacting in this token. Not Steem, sbd, any other SMT, or fiat. Anyways, food for thought, thanks for listening! @dstors rocks!
Posted using Partiko iOS