The Storj Labs Blog

When our team at Storj Labs architected the STORJ token sale, our goal was to ensure we had enough runway to realize our grand vision: to build the largest, fastest, most secure, decentralized cloud storage platform in the world. To accomplish this lofty goal, we created a reserve of 245 million tokens we could use in the future to fuel the growth of our network. These tokens were placed into a six-month lock-up to be used at a later date.

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Over the past few weeks, you’ve likely noticed that STORJ tokens have been listed for trading on a number of new exchanges. The most recent listings were on Binance and Poloniex, two of the largest exchanges in the world. Our team has been working hard to ensure you, our token holders, can easily trade your tokens - whether you’re selling tokens you’ve earned as a Farmer on the Storj network or acquiring tokens to purchase services.

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Where are all the tokens? There were 500 million STORJ tokens created to replace the 500 million SJCX that were already in existence. What is the current status of our tokens? The following is the breakdown of the token status in each bucket: Token Sale (Main) - 28.74MM Token Sale (Pre-Sale Total) - 43.34MM Token Sale (Pre-Sale Claimed) - 32.97MM Token Sale (Pre-Sale Frozen) - 10.37MM
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As we wrap up work on and around our token sale, we are aware that there are a number of outstanding questions. We are currently in the process of building a report covering the details of the sale and will have the results to share with the community in the coming weeks.

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