Storj STORJ
Storage-token history and changing utility.
STORJ is an Ethereum token formerly used for Storj storage payments. Current Storj documentation says those payments use USDC instead.
What is Storj?
Storj provides distributed storage services. Its STORJ token previously paid storage operators and storage bills. Current documentation says operator payouts and customer crypto deposits use USDC on Ethereum, so the service and the STORJ token should be considered separately.
Do not assume older STORJ payment descriptions still apply. Token value can fall, and continued storage-service activity does not guarantee demand for STORJ.
Why people pay attention
Storage services
Storj provides a distributed storage service.
Changed payment role
Current documentation specifies USDC rather than STORJ.
Separate asset
Holding STORJ does not itself provide storage capacity.
Origins & development
Storj held an Ethereum-token sale in 2017. Its current payment documentation differs from the earlier STORJ-based model.
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