The Storj Labs Blog

The STORJ token is an integral part of the Tardigrade network. STORJ tokens provide a quick and easy way to transfer value between Satellite Operators, those who provide storage capacity and bandwidth to the network, and those who use the network to store and retrieve data. We are pleased to publish our quarterly STORJ token report for Q2 2020. As reported last quarter, while we continue to explore technical mechanisms to perform the equivalent of our rolling token time-locks, we do not intend to relock the tranche that unlocks in Q3 of ‘20, as described in detail below.
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By Hello Everyone! We hope you had a great start to the summer. At Storj Labs, we have been heating up just as much as the weather! During the month of July, our team spent a lot of time planning for the future. We want to make our goals and roadmap are aligned with the features Storage Node Operators and Tardigrade users need most. Aside from the development accomplishment shared below, we started designing larger pieces of functionality we will be sharing with you soon.
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“You have a meeting to make a decision, not to decide on the question.” - Bill Gates Meetings, they’re the one thing across the board that remains unscathed, but not unaffected, by Covid-19. Because of Covid-19, there’s a great deal more focus on the virtual meeting. Analysts are predicting sustained investment in tools that help us meet remotely. or those nostalgic for pre-pandemic days before our normal lives came grinding to a halt, meetings may be a welcome sight on a calendar—a chance to see colleagues and connect.
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The significant shift toward remote work brought on by the pandemic looks like it’s going to have a lasting effect mainly because of the long list of benefits, from increased productivity to general employee satisfaction. While the shift to remote work has a lot of great things going for it, one thing most newly remote workers will miss is the opportunity for face-to-face interaction. I’ve been fully remote for the last two years and for me, that was probably the biggest adjustment.
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Managing a remote team might be an entirely new concept for you. Because of COVID-19, many of us are working from home full-time, for the first time, and will be doing that for the foreseeable future. At Storj Labs, most of our team is already remote—we have employees in 26 different states and 13 different countries, so remote work and managing remote teams isn’t a new concept for us. We currently have three satellite offices, but coming into the office is optional.
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Storj Labs decided early on that Tardigrade.io, the leading globally-distributed cloud storage platform should be built by an equally distributed team. As a result, Storj now has workers spread across 24 cities in 13 countries. While we definitely know a thing or two about effectively managing remote teams, it doesn’t come without its challenges. Despite remote work becoming more popular and widely adopted—especially in a post-COVID-19 world—there are significant trade-offs, both for the company and the employee.
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