Storj Blog

Every quarter, we hold a public town hall to give members of our community insights into the progress of the Storj project. There are many different groups that have an interest in Storj: storage node operators, open source contributors, investors, STORJ token holders, employees—and increasingly—developers and partners. We always try to do our best to help all of these different groups gain transparent insight into the progress at Storj Labs.
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The STORJ token is an integral part of the Storj network. STORJ token provides an efficient and effective means to facilitate the transfer of value between those who contribute excess storage capacity and bandwidth to the network, and those who utilize that excess capacity for the storage and retrieval of data. Today, we’re pleased to publish our quarterly STORJ token balances and flows report. We produced the initial version of this document in November of 2018, and updated it with 2018 year end data for publication in conjunction with the town hall held on January 16, 2019, and with Q1 ‘19 data in conjunction with the town hall held on April 10, 2019.
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The STORJ token is an integral part of the Storj network, providing an efficient and effective means to facilitate the transfer of value between those who contribute excess storage capacity and bandwidth to the network, and those who utilize that excess capacity for the storage and retrieval of data. Today, we are pleased to publish our quarterly STORJ token balances and flows report. We produced the initial version of this document in November of 2018, and updated it with 2018 year end data for publication in conjunction with the town hall held on January 16, 2019.
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A few months ago, I had the opportunity to attend a presentation by Storj Labs Cofounder Shawn Wilkinson at Coinbase’s headquarters in San Francisco. Shawn was presenting to Coinbase’s People of Color Employee Resource Group (ERG), which supports people of color in the blockchain and decentralization areas, both internally at Coinbase as well as externally within the broader industry. In his presentation Shawn shared a bit about the success Storj has seen, an overview of our V3 rebuild, background on our Open Source Partner Program, and how decentralized cloud storage platform has the ability to change technology for the better.
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The STORJ token is an integral part of the Storj network, providing an efficient and effective means to facilitate the transfer of value between those who contribute excess storage capacity and bandwidth to the network and those who utilize that excess capacity for the storage and retrieval of data. Today, we are pleased to publish our second quarterly STORJ token balances and flows report. We produced the initial version of this document in November, and have updated it for publication in conjunction with the town hall held on January 16, 2019.
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As stated in our previous post, a number of different ecosystem participants must have long-term confidence in the STORJ token for the network to achieve its potential. We want storage node operators to operate their nodes for a long period of time. We want users to feel comfortable buying long-term storage with STORJ tokens and, we want to encourage demand partners and Satellite operators to build long-term businesses around STORJ tokens.
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