About Storj
Storj (STORJ) is an Ethereum token that powers a decentralized cloud storage network for developers called Storj DCS (Decentralized Cloud Storage). After a customer uploads a file to Storj DCS, pieces of each file are distributed to a global network of independent nodes. When someone requests the file, it is then recompiled securely and made available for download. This means that anyone can store files on Storj DCS without having to trust a centralized data center. Developers can purchase cloud storage services with STORJ. Network participants earn STORJ in return for providing unused hard drive space and bandwidth to the network.
Buy Storj
Trading Insights
Buyer Ratio
Traders
77
13.24%
Buyers
25
-3.85%
Sellers
53
20.45%
Searched
52
Market Stats
Market Cap
£81.46M
3.49%
FDV
£83.63M
Circ. Supply
414M STORJ
Max Supply
Not enough data
Total Supply
425M STORJ
Diluted Valuation
£83.60M
Performance
Popularity
#314
Dominance
0%
Volume (24H)
£7.38M
15.91%
Volume (7D)
£51.00M
Volume (30D)
£193.06M
All time high
£2.93
Price Change (1Y)
-25.86%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Additional details
Recent trends
Storj is on the rise this week. ↗
The price of Storj has increased by 1.23% in the last hour and increased by 3.67% in the past 24 hours. Storj’s price has also risen by 6.67% in the past week. The current price is £0.20 per STORJ with a 24-hour trading volume of £7.38M. Currently, Storj is valued at 93.29% below its all time high of £2.93. This all-time high was the highest price paid for Storj since its launch.
The current circulating supply of Storj is 413,973,378.635 STORJ which means that Storj has as total market cap of £81,463,976.59.
Market details
STORJ vs markets
↘ 56.07%
STORJ vs BTC
↘ 62.62%
STORJ vs ETH
↘ 18.62%
Tags
platform
distributed-computing
filesharing
storage
+3
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xB64ef51C888972c908CFacf59B47C1AfBC0Ab8aC |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.20 | ↗ 2.96% |
1 Day | £0.19 | ↗ 3.67% |
1 Week | £0.18 | ↗ 6.67% |
1 Month | £0.21 | ↘ 4.47% |
1 Year | £0.28 | ↘ 25.86% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Storj, pronounced as "storage," is an open-source cloud storage platform that leverages a decentralized network of nodes to host user data. It seeks to provide a unique approach to data storage by utilizing the unused hard drive space of participants in the network. Unlike traditional cloud storage solutions that store data in large data centers, Storj operates on a network of independent computers globally. This decentralized network connects users who need cloud storage space with those who have hard drive space to spare. The platform compensates these space providers, known as nodes, with Storj tokens. This system strives to protect user data against potential threats and eliminates the risk of storing data in a few isolated data storage units.
Storj operates by using its Tardigrade software installed on node computers to create and safeguard user data. Each file is encrypted before being dispersed to the network of independent hosts. Each node only receives a random fragment of a whole file, with decryption keys split among each node and the host. This is designed to resist hacking attempts. Node operators are compensated for hosting data and confirming the safety and retention of the hosted files in a process known as mining. The Storj token is used for this purpose. Individuals or organizations who want to store their data on the network provide the Storj tokens paid to nodes. This system strives to protect user data against hacks and other malicious attacks.
Storj seeks to provide an alternative to traditional cloud storage solutions. It could be used by anyone with extra terabytes of space and a strong, consistent internet connection. This makes it a potential solution for individuals, businesses, and organizations looking for a decentralized approach to data storage. Moreover, Storj could be a solution for those looking to contribute to a distributed digital economy, as it compensates participants for providing storage space.
Storj was first introduced as a concept in a white paper published in December 2014. It was founded by Shawn Wilkinson and John Quinn, who published the first white paper in late 2014. The platform was launched in late 2018. Wilkinson, a software developer based in Atlanta, saw how blockchain technology could be leveraged to build a decentralized cloud storage network. The current version of Storj, V3, was launched in the middle of 2019. The platform raised funds in its early years.
We update our Storj to GBP currency in real-time. Get the live price of Storj on Coinbase.
The current market cap of Storj is £81.46M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Storj is £2.93. This all-time high is highest price paid for Storj since it was launched.
Over the last 24 hours, the trading volume of Storj is £7.38M.
Assets that have a similar market cap to Storj include Altlayer, World Mobile Token, LCX, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Storj is 414 million.
Storj ranks 87 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 86% of Coinbase users are buying Storj. In other words, 86% of Coinbase customers have increased their net position in Storj over the past 24 hours through trading.
Yes, Storj is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Storj guide.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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