Storj (STORJ) is an Ethereum token used to power distributed cloud storage for different developers known as Storj DCS. It is Decentralized Cloud Storage in which all the files are distributed into smaller fragments over the global network, comprising smaller network branches. Similarly, when a user requests a file, all the tiny pieces of the file are assembled from different networks and then securely made available for the user.
It allows easy storage of files on Storj DCS without the requirement of a collective data center. All the developers can easily buy cloud storage, which they can use to earn STORJ by allowing others to use their hard drive storage.
The future aspect of the Storj exchange is very bright. Additionally, it is considered highly secure and easy to use. Therefore, according to market analysis, the price is subject to increase in the coming future.
It has been predicted that it will provide its investors a return of 95.02%, as the price has increased from $0.951 to $1.855 in a short span of one year. The STORJ coin price currently is $1.11656644944042, which is expected to increase to $3.15 in two years.
The Storj cryptocurrency is backed by the Ethereum blockchain and provides a more manageable and secure exchange. You can use them in the following ways.
Provides safe and encrypted cloud storage.
Provides higher storage space and multiple downloads.
It provides several payment options for easy accessibility and feasibility.
Any commodity does not support the STORJ coin.
It requires computing skills to use the platform.
The Storj (STORJ) Coin was made available for crowd sale on 17 May 2017, and the distribution ended after three days, i.e., 20 May 2017. In these three days, the ICO raised an amount of $30,000,000. It was stated to be a utility token for cloud storage. The initial price was allowed to be $0.5 for 1 Storj (STORJ) coin.
The token’s total supply was limited at 500,000,000 SJCX, while the crowd sale supply was limited to 25% only. It was previously known as SJCX and later converted to STORJ on the Ethereum blockchain.
Shawn Wilkinson is the founder of the Storj (STORJ) coin.
The market cap of STORJ crypto is $356.907 million.
The market rank of STORJ is currently situated at 126.
CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders.
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That’s what we are here to change—one article at a time.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
Storj (STORJ) is an Ethereum token used to power distributed cloud storage for different developers known as Storj DCS. Storj DCS is a decentralized Cloud Storage in which all the files are distributed into smaller fragments over the global network, comprising smaller network branches.
37 Cr. STORJ
63% Buy 37% Sell
We're here to help! Speak to our 24/7 customer support team anytime!Connect Now