Storj - Decentralized data storage in the cloud
Storj is the perfect solution for Web3 data.
Concise Crypto
May 26, 2022
Storj (STORJ)
What is Storj?
Storj is a peer-to-peer storage network where users can pay to store data or rent their unused space. The data stored is split into fragments and stored in separate devices to maintain privacy.
Why does Storj have value?
Storj is one of the first platforms to use blockchain technology for the storage industry. It offers a cheaper and more secure storage alternative; as well as offering potential revenue for anyone with unused hard drive space. Think of it as a decentralized Amazon Web Services where data storage is now split amongst anyone that hosts as part of the network.
What are the Pros of Storj?
● Data storage is secure and anonymous.
● Any person with unused disk space can rent it out for rewards.
● Storing data in Storj is cheaper than traditional alternatives.
What are the Cons of Storj?
● There is a lot of competition both in centralized and decentralized storage.
What are STORJ’s tokenomics?
The initial supply of STORJ was 500 million, but 75 million were burned after a token sale. Most of this supply is currently in circulation.
Who founded Storj?
Shawn Wilkinson.
Who are Storj’s investors?
Storj has conducted seven funding rounds, raising over $35.4 million. The main investors are George Burke, Gabriel Jarrosson, Tank Stream Ventures, BnkToTheFuture, State of Utah, Iterative Capital Management, TechSquare Labs, Tyler Scriven, and GVA Capital.
Concise Crypto Grade:
B :Storj is the future. They are allowing all data to be secure, private, and instantly accessible all for a low cost. Plus they’ve got great incentives to participate in the ecosystem through the STORJ token. We think that decentralized data storage will be the future and will challenge some of the large tech incumbents that own the space today. Keep your eye on Storj.
Where can I buy STORJ?
Binance, Coinbase Exchange, Huobi Global, Kraken, FTX, KuCoin.
What ecosystem does Storj run on?
Ethereum