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Storj is an alternative to cloud storage platforms, such as those offered by Amazon and Google. Instead of a centralized company owning and maintaining the system, Storj relies on software and a network of computers to manage its data storage.
According to Storj documentation, the platform aims to connect users looking for storage space with those that have extra hard drive space. With this peer-to-peer (P2P) cloud storage network, it can facilitate end-to-end transactions and it means that users do not need to rely on a trusted third party. By removing any intermediaries, it addresses concerns related to security, privacy and data control, which are commonly associated with traditional cloud storage systems.
STORJ is the native token of the Storj network and was built using the ERC-20 (Ethereum-based) standard. The STORJ token allows users to pay data providers on the network to store their files. Users can earn STORJ by selling excess storage capacity and bandwidth.
Storj (STORJ) is the 302nd largest cryptocurrency in the world by market cap, valued at $155,710,303. The current price of Storj is $1.08, which is 0.098% lower than yesterday. Prices have ranged between $1.08 and $0.978075 over the past 24 hours. All prices are listed in US dollars and accurate as of January 26, 2022 05:01 UTC.
| Coin symbol | STORJ |
|---|---|
| Coin Marketcap | US$155,710,303 |
| Total STORJ supply | 424,999,998 |
| Circulating STORJ | 143,787,439 |
| Current price | US$1.08 |
| Notable team members | Ben Golub, Shawn Wilkinson |
| Industry | Decentralized cloud storage |
| Token uses | Utility token |
| Network | Ethereum |
Historical prices compared with the price of US$1.08.
| 1 hour | 10.20% |
|---|---|
| 24 hours | 0.10% |
| 7 days | 2.56% |
| 14 days | 9.97% |
| 30 days | -30.67% |
|---|---|
| 60 days | -32.50% |
| 200 days | -48.29% |
| 1 year | -61.05% |
Disclaimer: Cryptocurrencies, including Storj, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of STORJ is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Storj or any other cryptocurrency discussed.