Storj (STORJ) explained in 6 easy steps

Storj is an open source cloud storage platform and the symbol of the token with the same name of this platform is called STORJ.

1. When was it founded and by whom?

The whitepaper of Storj was created by Shawn Wilkinson, an Atlanta-based software developer, in May 2014 and the platform was launched in 2018 for operation.

2. STORJ’s infrastructure

Storj uses Ethereum infrastructure.

3. What does it offer to users?

Storj offers an open source cloud-based storage system for the storage of user data. Its name literally comes from the English word “storage”.

The system brings together people who need a storage space and those who have a free disk space. Independent users with a free disk space create nodes within the system and they receive STORJ tokens as a reward. Storj is a network consisting of numerous independent computers and offers a secure environment against cyberattacks.

4. Can STORJ be mined?

STORJ is not a type of token that allows mining activities. Users creating the notes in the system are rewarded randomly.

5. All-time low, all-time high (ATH), and total supply

STORJ’s all-time low price was $0.04835 on March 13th, 2020 while all-time high price was $3.91 on March 28th, 2021. Total supply of the token is 424,999,998 STORJ and the circulating supply is 396,726,351 STORJ.

6. How to trade STORJ on Paribu?

By clicking on the link, you can trade STORJ.