What is STORJ?
STORJ was one of the first file storage tokens to explode onto the market. For the longest time, file storage has had its head in the clouds. Google, Amazon, and Microsoft all have massive warehouses crammed with servers that host increasingly more expansive tracts of the world’s personal files. Of course, that means they own the warehouses, servers and – ultimately – all your data. Which is worrying.
STORJ is an ERC-20 token that is decentralizing cloud storage. By storing encrypted data in pieces across its network, and only requiring 29 of 80 pieces to reassemble the data, it creates a storage network that is hyper-resistant to cyberattacks, natural disasters, and sharp practice by the people who hold your data.
How Does STORJ work?
It pays the current 11,000+ storage nodes in the STORJ token, and has a trusted network of Satellites who also earn rewards for managing the network. Storj’s Network is able to deliver cloud storage capabilities to clients seamlessly, without having the kill-switch to the client’s data.
Holders can use STORJ to pay for their storage needs, or earn STORJ by leasing out their spare hard-drive space. By renting temporarily unused lots of their server farms, smart companies can generate a solid amount of revenue. Switching between the two is seamless, meaning that users can smoothly benefit from data-storage solutions and revenue generation as their own server availability changes over time.
Is STORJ an ERC-20 Token?
Yes, as a ERC-20 token, one of the ways STORJ interacts with the Ethereum network is by using zkRollups via zkSync. Transactions are verified off-chain by the zkSync rollup before being batched together and sent to Ethereum for verification. This means not only is the Storj DCS platform verifying the data on the Storj Network, but these transactions are verified by the rock of the Ethereum main chain. Traders are excited by STORJ’s possibility, as it has a recent trading volume of $24.5 million per day. The max supply is 424,999.998, with 288,170,897 coins in circulation.
Is STORJ Hard to Get?
Getting cryptocurrencies, whether by purchasing or trading, can be a daunting prospect for beginners. This is particularly true for any cryptocurrency that isn’t Bitcoin or Ethereum – with Ethereum tokens, also known as ERC-20 tokens, such as STORJ being a prime example.
If you are thinking about getting STORJ then Numio is a great choice for handling your assets. Numio allows you to pay people using your stored STORJ assets, as easily as if it were cash. If you are a bit more crypto savvy you can also trade and swap STORJ at the touch of a button.
How can I get STORJ?
Getting STORJ is easy on Numio. You can use your credit or debit card to purchase ETH or USDC, which can then be exchanged for STORJ*, you can swap or trade it for other ERC-20 tokens (up to 100x cheaper than other wallets), and you can send or receive it as a payment. Whatever way you choose you can be sure that you are always in full control of your STORJ.
*direct STORJ purchases coming soon.
How Does Numio Help Me Manage my STORJ tokens?
Numio is an excellent means of acquiring STORJ, as it gives you the benefit of holding the token while offering the same flexibility you’d expect from a standard payment or exchange token. Numio offers a range of assets that operate on Ethereum’s L2 layer, as well as letting users transact for ETH itself – all without the onerous network fees.
What Are the Benefits of Having STORJ on Numio?
Users who demand quick access to their assets and their money get it through Numio. You are able to swap STORJ for ETH and other tokens on the platform. The app functions as both a wallet and a payments infrastructure – so you can deploy your STORJ assets one step closer to the way you can use cash by using it to pay your contacts on Numio.
Unlike other infrastructures that have similar capabilities, Numio is non-custodial. You are in control of your keys and therefore are in control of your money. It’s the easiest way to snap up some STORJ, hold your own keys, bypass fees, and have the flexibility to trade, lend and provide liquidity with your holdings.
When dealing with ERC-20 tokens that interact with Ethereum through zkRollups, Numio provides a compelling option – with instant transactions and fees that are 1/100th of Ethereum’s tariffs. STORJ’s vision of decentralized cloud storage and fluent revenue models looks set for a bright future – and Numio is a great option to be a part of it.