Storj (STORJ) — price, overview & secure storage
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Last Updated on Jun 14, 2026 11:45 AM
What is Storj? Complete guide to STORJ
What is Storj and who created it?
Storj is an open-source platform that leverages blockchain technology to provide end-to-end encrypted cloud storage services. Unlike traditional cloud storage solutions that rely on centralized data centers, Storj utilizes a peer-to-peer network of individuals or entities who share their storage spaces. This decentralized approach aims to offer a faster, cheaper, and more secure file storage solution.
Storj Labs Inc., the company behind the project, was founded in 2014 by Shawn Wilkinson and co-founder John Quinn. The company is headquartered in Atlanta, Georgia, USA. Initially, Shawn Wilkinson served as the CEO but later transitioned to the role of Chief Strategy Officer (CSO) in March 2018. Ben Golub, the former CEO of Docker, took over as the Executive Chairman and Interim CEO.
Key features of Storj blockchain
Storj's primary goal is to provide a cloud storage solution that is not only cost-effective but also ensures the security and integrity of data. The platform achieves this through innovative technologies and methods that allow users to store and retrieve data quickly without compromising security.
Storj Labs conducted an coin-offering-ico/">initial coin offering (ICO) for its tokens on May 19, 2017, raising approximately $30 million by the end of the token-sale/">token sale on May 25, 2017. The company also facilitated a token conversion campaign, allowing holders of the previous SJCX tokens to exchange them for the new STORJ tokens at a 1:1 ratio until October 2017.
How Storj transactions work
Storj pre-mined its entire supply of tokens at inception, meaning no new tokens can be created through mining. However, users can earn STORJ tokens by participating as 'farmers' in the network, contributing their storage space to the platform. Additionally, STORJ tokens can be acquired through trading on cryptocurrency exchanges.
The introduction of Storj aims to disrupt the traditional cloud storage industry, which has been dominated by companies dictating terms of service to users. By offering a decentralized alternative, Storj seeks to foster competition and provide users with more control over their data storage solutions.
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Tangem supports networks for Storj
- Ethereum
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Similar cryptocurrencies to Storj (STORJ)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 BitcoinBTC | $64,584.98 | 1.12% | $1.29T |
 EthereumETH | $1,675.38 | -0.07% | $0.20T |
 TetherUSDT | $0.9995 | 0.00% | $0.19T |
 BNBBNB | $612.27 | 1.06% | $82.52B |
 USDCUSDC | $0.9999 | 0.01% | $74.83B |
Frequently asked questions about Storj (STORJ)
- Storj is a digital currency powered by blockchain technology. It allows users to send value, access decentralized tools, and participate in the project’s ecosystem.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- STORJ represents the same asset as Storj. The ticker is simply a short label for trading and listing purposes.
- To buy Storj, choose a wallet that supports it, complete the payment, and withdraw the coins to your secure hardware wallet.
- Use a cold storage solution to protect Storj from online threats. Tangem keeps your keys isolated in a secure offline chip.
- Host a Node on Storj Become part of the decentralized cloud and get paid for your extra bandwidth and storage capacity. Sign up to host a Node on the Storj network today. It highly depends on the month. So to be comparable, you'd need to tell which month you are comparing. :smiley:
How to store Storj securely with a hardware wallet
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