Storj

About
Know More

What is Storj ?

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.

Primary features of Storj

• Provides a secure and flexible storage space.
• Provides end-to-end data encryption using key encryption.
• Allows peer-to-peer transactions for digital currencies.
• It is public property and can be used by anyone.
• It is S3 compatible, which allows several tools to be efficiently deployed.
• It easily integrates with other existing stacks.

Is Storj a promising cryptocurrency?

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.

How to use Storj?

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.

• Online Payment: It can be used to process online transactions.
• International Transfer: It allows easy transfer of funds all across the globe.
• Storage: It provides cloud storage that can be later used as leverage to earn STORJ coins.

Pros & Cons of Storj

Pros

• Secure:

  Provides safe and encrypted cloud storage.

• Better storage space:

  Provides higher storage space and multiple downloads.

• Easy payment options:

  It provides several payment options for easy accessibility and feasibility.

Cons

• Not well-supported:

  Any commodity does not support the STORJ coin.

• Requires knowledge:

  It requires computing skills to use the platform.

Trade Storj on CoinSwitch

• The user can start investing from a small amount of ₹100 only.
• You can easily trade the Status coin. 
• No lock-in period is required to be accomplished.
• There are no charges involved in the processing of transactions. 
• It provides the best market price available all across the globe.

Storj ICO summary

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.

1 BTC to INR1 ETH to INR1 DOGE to INR1 LTC to INR1 MATIC to INR1 TRX to INR1 XRP to INR1 Shiba Inu to INR1 MANA to INR1 USDT to INR1 BCH to INR1 ADA to INR

FAQ's on Storj

• Who is the founder of STORJ? 

Shawn Wilkinson is the founder of the Storj (STORJ) coin.

• What is the market cap of STORJ Coin?

The market cap of STORJ crypto is $356.907 million.

• What is the market rank of STORJ Coin?

The market rank of STORJ is currently situated at 126.

News Feed

Is CoinSwitch safe for crypto investments?

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.

The future of cryptocurrencies

Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.

Introducing blockchain technology

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.

How to invest in cryptocurrency in India

CoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.

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.