About Storj

Storj is an open-source decentralized cloud storage platform that utilizes blockchain technology to provide secure and encrypted file storage solutions. Rather than relying on centralized data centers, Storj operates on a peer-to-peer network where individuals and organizations contribute their unused storage capacity. This innovative approach aims to offer a more cost-effective, efficient, and secure alternative to traditional cloud storage services. By employing advanced technologies, Storj ensures that users can quickly store and retrieve their data while maintaining high standards of security and data integrity. Founded in 2014 by Shawn Wilkinson and John Quinn, Storj Labs Inc. is based in Atlanta, Georgia. The company transitioned leadership in 2018 when Ben Golub took over as Executive Chairman and Interim CEO, following Wilkinson's shift to Chief Strategy Officer. Storj Labs conducted an initial coin offering (ICO) in May 2017, successfully raising approximately $30 million. The platform has a fixed supply of STORJ tokens, which were pre-mined at launch, and users can earn tokens by participating as farmers in the network or through trading on cryptocurrency exchanges. This model introduces competition in the cloud storage market, challenging the traditional dominance of established providers.