WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Website Development Sunday, June 25, 2017 
Add Press Release News | News Feeds Feeds | Email This News Email


Storj Labs Launches Token Sale
Friday, May 19, 2017

Decentralized cloud storage provider advances disruptive technology

ATLANTA, May 19, 2017 /PRNewswire/ -- Storj Labs, a leading decentralized cloud storage provider, has launched a sale of its new Ethereum-based application token, STORJ (formerly SJCX). STORJ tokens will enable users to provide and receive storage services in the Storj Labs network.

Selling the STORJ tokens will enable Storj to advance product development and to speed the rate of innovation in cloud storage. By widely distributing its STORJ tokens to a global group of participants, Storj Labs expects to align interests with its users while accelerating developer adoption and network growth.

Storj Labs disrupts established cloud storage providers like Amazon Web Services, Microsoft Azure and Google Cloud Platform which control the $35 billion cloud storage market. Storj is leveraged by more than 20,000 API users and channel partners like Heroku and Microsoft Azure. The company recently exited beta, transitioning users of the platform to commercial support, billing and payment plans.

"Our ultimate goal here at Storj Labs is to disrupt cloud storage by delivering unprecedented security assurance, reliable performance, and blazing speeds - all without a hefty price tag," said John Quinn, co-founder, Storj Labs. "This Token Sale will help us to significantly increase resources so that we can accelerate development of our decentralized network and disrupt the traditional cloud providers. It redefines our development limits."

Storj recently announced a migration of SJCX from the Counterparty protocol on the Bitcoin blockchain to the Ethereum ERC20 token standard in an effort to improve quality of service, reduce network transaction fees and encourage Storj users to participate in a more active and robust development community. A 1:1 conversion from SJCX to STORJ will take place for existing token holders.

For those interested in participating in the Token Sale, visit https://storj.io/tokensale.html.

About Storj Labs
Storj Labs provides decentralized cloud storage and gives users more control over their devices and data by providing an open-source cloud platform: Storj. The company aims to become the largest, most secure, cost effective, and high performance cloud storage provider by utilizing spare hard drive space from its community members. For more information on Storj Labs, visit https://storj.io/.

Additional Resources
? Storj Labs Blog
? Storj Labs Token Sale
? How Storj Works

Media Contact
Whitney True
reTHINKit PR
whitney@rethinkitpr.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/storj-labs-launches-token-sale-300460329.html

SOURCE Storj Labs



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav No Code BPM Specialists Launch Content Rich Website | Jun 23, 2017
Nav How to Find Better Car Insurance for Teenagers with Online Quotes | Jun 23, 2017
Nav Online Car Insurance Quotes Are an Essential Tool for Finding Cheaper Coverage | Jun 23, 2017
Nav Top Advantages of Comparing Car Insurance Quotes Online | Jun 23, 2017
Nav Cryptobuyer Emerges as a Leader in Latin America With an Aggressive Expansion Plan | Jun 23, 2017
Nav Talk Fusion Releases Exclusive Training Program, "Talk Fusion University" | Jun 23, 2017
Nav Auto Insurance Discounts That Are Easy to Get | Jun 23, 2017
Nav Important Tips on How to Stay Out of the High Risk Auto Insurance Category | Jun 23, 2017
Nav Keeping Your Auto Insurance Costs Low - Exclusive New Tips | Jun 23, 2017
Nav Always Compare Car Insurance Quotes Before Making an Important Decision | Jun 23, 2017
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News