$0.32182549
24H %
2.85%
24H Low
$0.31095568
24H High
$0.32296924
DownloadIcon
TO

Linear
Log

About Storj

Sector

Computing


Industry Group

Shared Storage


Industry

Shared Storage



The Storj price is $0.32, a change of 2.85% over the past 24 hours as of 5:43 a.m. The recent price action in Storj left the tokens market capitalization at $46,274,462.31. So far this year, Storj has a change of -81.54%. Storj is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).


Storj (STORJ) is the native cryptocurrency of Storj, a decentralized cloud storage (DCS) platform that uses blockchain technology to provide decentralized and encrypted cloud storage.

Operating on the Ethereum blockchain, Storj is an alternative to centralized cloud storage platforms such as Amazon Web Services or Google Cloud. Storj allows individuals to make their hard drive space available for rent, and users of the platform can use other peoples’ hard drive space to store files.

Storj price

The Storj Network uses the STORJ token, released in 2017, to power its network. Prior to the release of the token, a legacy token, SJCX existed with a supply of 500 million. In 2017, the legacy SJCX token was discontinued and the project migrated from the Bitcoin-based Counterparty platform to the Ethereum blockchain. Until January 2020, legacy SJCX token holders were able to convert their tokens into the new STORJ token.

STORJ is an ERC-20 token, a type of token used for smart contracts on the Ethereum blockchain. Storj’s tokens are used to incentivize those with spare computer storage to store and protect their enterprise users’ files. A total supply of 500 million STORJ tokens were introduced, but the team subsequently burned, or removed, 75 million tokens, bringing the new supply of tokens outstanding to just shy of 425 million.

In March 2021, STORJ hit its all-time high of $3.91 but dropped over the subsequent months. In June 2021, STORJ had fallen to $0.61 but quickly rebounded, fluctuating between $1 and $2.

The token is supported on several centralized and decentralized exchanges, including Binance, Coinbase, FTX, Huobi and Uniswap.

How does Storj work?

The Storj platform runs on the Ethereum blockchain, which operates using a proof-of-work consensus mechanism, the same kind of system Bitcoin uses to verify and secure transactions. Ethereum, however, is making the transition to a proof-of-stake mechanism.

The Storj DCS project is a decentralized cloud storage network that allows anyone to store files without having to navigate a centralized data center. When a customer uploads a file to Storj DCS, the file is encrypted, split into smaller pieces and then distributed to multiple nodes within the global Storj network. The file is then recompiled back together and retrieved upon request.

Users purchase cloud storage services using the STORJ token, and network participants earn STORJ as rewards for providing unused hard drive space for storage. Other decentralized file storage projects include Filecoin and Sia.

There are three main components powering the Storj network:

  • Storage Nodes: Allows users to rent out excess space on their hard drive and reliably store and return data for a fee.
  • Uplinks: Run on the client’s machine and upload files to the network. Uplinks also coordinate with peers to store and retrieve data.
  • Satellites: Coordinate traffic between the storage nodes and uplinks. Satellites are responsible for storing metadata, keeping storage nodes honest and distributing payments.

Key events and management

Storj Labs, the company behind the Storj platform, was co-founded by entrepreneurs Shawn Wilkinson and John Quinn in 2014.

  • The first Storj white paper was published in 2014. The third and latest version of Storj was launched in fall 2019.
  • Storj first launched on top of the Bitcoin blockchain, but migrated to Ethereum in 2017.

The project is backed by venture capital firms, including Google Ventures, Qualcomm Ventures and Techstars Ventures.


Previously Aired
CDTV logo

Bitcoin (BTC) jumps above $17,000, while shares of the Grayscale Bitcoin Trust (GBTC) hit a record-high discount rate of nearly 50% relative to the price of BTC. Grayscale and CoinDesk are both owned by Digital Currency Group. Bitcoin proponent and JAN3 founder Samson Mow also provides his bitcoin markets insights. Plus, CoinDesk's Chief Insights Columnist David Morris shares his latest reporting on the "cryptocalypse" that traders have witnessed this year.

$46.27M

N/A


Storj Price

24H Open
$0.31289750
24H Change
$0.00893215
52 Week Low
$0.27408600
52 Week High
$2.17
All Time High
$3.85
Returns (YTD)
-81.54%

Storj Market Stats

Total Supply
143.79M
Max Supply
N/A
24H Value Transacted
N/A
30D Volatility
1.28
24H Transaction Count
N/A
24H Average Transaction Fee
N/A

About Storj

Sector

Computing


Industry Group

Shared Storage


Industry

Shared Storage



The Storj price is $0.32, a change of 2.85% over the past 24 hours as of 5:43 a.m. The recent price action in Storj left the tokens market capitalization at $46,274,462.31. So far this year, Storj has a change of -81.54%. Storj is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).


Storj (STORJ) is the native cryptocurrency of Storj, a decentralized cloud storage (DCS) platform that uses blockchain technology to provide decentralized and encrypted cloud storage.

Operating on the Ethereum blockchain, Storj is an alternative to centralized cloud storage platforms such as Amazon Web Services or Google Cloud. Storj allows individuals to make their hard drive space available for rent, and users of the platform can use other peoples’ hard drive space to store files.

Storj price

The Storj Network uses the STORJ token, released in 2017, to power its network. Prior to the release of the token, a legacy token, SJCX existed with a supply of 500 million. In 2017, the legacy SJCX token was discontinued and the project migrated from the Bitcoin-based Counterparty platform to the Ethereum blockchain. Until January 2020, legacy SJCX token holders were able to convert their tokens into the new STORJ token.

STORJ is an ERC-20 token, a type of token used for smart contracts on the Ethereum blockchain. Storj’s tokens are used to incentivize those with spare computer storage to store and protect their enterprise users’ files. A total supply of 500 million STORJ tokens were introduced, but the team subsequently burned, or removed, 75 million tokens, bringing the new supply of tokens outstanding to just shy of 425 million.

In March 2021, STORJ hit its all-time high of $3.91 but dropped over the subsequent months. In June 2021, STORJ had fallen to $0.61 but quickly rebounded, fluctuating between $1 and $2.

The token is supported on several centralized and decentralized exchanges, including Binance, Coinbase, FTX, Huobi and Uniswap.

How does Storj work?

The Storj platform runs on the Ethereum blockchain, which operates using a proof-of-work consensus mechanism, the same kind of system Bitcoin uses to verify and secure transactions. Ethereum, however, is making the transition to a proof-of-stake mechanism.

The Storj DCS project is a decentralized cloud storage network that allows anyone to store files without having to navigate a centralized data center. When a customer uploads a file to Storj DCS, the file is encrypted, split into smaller pieces and then distributed to multiple nodes within the global Storj network. The file is then recompiled back together and retrieved upon request.

Users purchase cloud storage services using the STORJ token, and network participants earn STORJ as rewards for providing unused hard drive space for storage. Other decentralized file storage projects include Filecoin and Sia.

There are three main components powering the Storj network:

  • Storage Nodes: Allows users to rent out excess space on their hard drive and reliably store and return data for a fee.
  • Uplinks: Run on the client’s machine and upload files to the network. Uplinks also coordinate with peers to store and retrieve data.
  • Satellites: Coordinate traffic between the storage nodes and uplinks. Satellites are responsible for storing metadata, keeping storage nodes honest and distributing payments.

Key events and management

Storj Labs, the company behind the Storj platform, was co-founded by entrepreneurs Shawn Wilkinson and John Quinn in 2014.

  • The first Storj white paper was published in 2014. The third and latest version of Storj was launched in fall 2019.
  • Storj first launched on top of the Bitcoin blockchain, but migrated to Ethereum in 2017.

The project is backed by venture capital firms, including Google Ventures, Qualcomm Ventures and Techstars Ventures.


Market Analysis
Social Analysis

Trending Assets

Bitcoin Calculator

Last Updated on 12/09/22 5:43 AM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.


Latest About Storj

CoinDesk - Unknown
Decentralized Storage Startup Storj to End Token Conversion Program

Remaining holders of Storj Labs' early SJCX token need to act soon to avoid losing their investments.

CoinDesk - Unknown
CoinDesk - Unknown
Former Docker CEO to Lead Crypto-Powered Distributed Storage Startup

Decentralized data storage startup Storj is hoping to boost its growth with the hire of Ben Golub, former CEO at software firm Docker.

CoinDesk - Unknown
CoinDesk - Unknown
$300 Million Lockup: Storj Clarifies Token Economics in Surprise Reveal

Not many tokens are taking steps to clarify how they're handling their own funds. Storj, however, did just that with a surprise announcement Tuesday.

CoinDesk - Unknown

Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.