Question 1

What is the current price of Storj (STORJ)?

Accepted Answer

Storj (STORJ) is currently listed at a price of LTC 0.00043625. In the past 24 hours, it has decreased by -3.56%. Please note, the price of cryptocurrencies is highly volatile and may have changed since the time of writing.

Question 2

So, what exactly is Storj (STORJ)?

Accepted Answer

Storj is an open-source platform leveraging blockchain technology to provide end-to-end encrypted cloud storage services. Unlike traditional platforms, Storj doesn't have its own data centres and relies on a peer-to-peer network where individuals share their storage space. Owned and developed by Storj Labs Inc., it aims to facilitate faster, more affordable, and secure file storage than its counterparts. Storj employs numerous innovative techniques and technologies to offer a swift yet secure storage solution.

Question 3

Who are the founders of Storj?

Accepted Answer

Storj Labs Inc. was founded in 2014 by Shawn Wilkinson and co-founder John Quinn. The Atlanta, Georgia-based company initially had Wilkinson as their CEO who later in 2018 switched roles to serve as Chief Strategy Officer (CSO). Ben Golub, the former CEO of Docker, stepped in as the Executive Chairman \u0026 Interim CEO. Co-founder Quinn holds the position of Chief Revenue Officer.

Question 4

How does Storj work?

Accepted Answer

Unlike traditional cloud storage platforms, Storj deploys a decentralized approach. It splits apart, encrypts and distributes users' files across a decentralized network. If a user wants to access their stored files, they must have a corresponding key. Once provided, the network retrieves and recompiles the divided files for the user.

Question 5

What makes Storj unique?

Accepted Answer

Storj is unique in its approach of decentralizing file storage. With it, users can rent their surplus disk space and bandwidth to others who need it, thereby creating a large, distributed network of storage. Storj believes this approach reduces the risk of data being compromised due to the encryption and distribution of data across an extensive network.

Question 6

How can I obtain STORJ tokens?

Accepted Answer

Although Storj Labs has pre-mined all its tokens and no new ones can be created via mining, users can still earn STORJ tokens by becoming a 'farmer' on the network. This involves renting out their unused disk space and internet bandwidth to the network. Additionally, STORJ can be acquired by trading on a cryptocurrency exchange.

Question 7

How many STORJ tokens are in circulation?

Accepted Answer

Of the total supply of 425.0M STORJ tokens, currently, 425.0M tokens are in circulation.

Question 8

What is the market cap of Storj (STORJ)?

Accepted Answer

As of now, the market capitalization of Storj (STORJ) is LTC 0.2M, placing it at rank #1132 among all cryptocurrencies.

Question 9

Where can you buy Storj (STORJ)?

Accepted Answer

Storj (STORJ) can be purchased on the following exchanges: Kraken, Binance US, Binance, KuCoin, Huobi.

Question 10

What are the crucial steps to keep your Storj safe?

Accepted Answer

To keep your Storj safe, always use a reliable and secure wallet. Ensure that your private keys are securely stored and never share them with anyone. Also, maintain good cyber hygiene by using robust passwords and being aware of phishing attempts.

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