Storj Blog

Last Chance to Convert SJCX to STORJ This Year



If you are still holding StorjcoinX (SJCX), it’s time to convert the deprecated* coins to STORJ tokens. On June 29, 2018, Poloniex, the main exchange that supports SJCX, will permanently shut down all withdrawals of SJCX tokens still held by their customers. Poloniex already disabled SJCX trading on October 26, 2017, when they listed our new STORJ token. Starting May 16, we will open the STORJ converter app, located at https://sjcxto.
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Warren Weber on the Quantity Theory of Money for Tokens



Since Bitcoin made its debut more than nine years ago, economists have continually debated how tokens and cryptocurrencies relate to (and differ from) traditional monetary economics. These economic theories attempt to understand the functions of money as an exchange medium, a store of value, and a unit of account — all of which are regularly debated within the token community. Token economies are critical to healthy, functioning token ecosystems and attempt to ensure the long-term viability of the platforms.

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