TMCNet:  Storj Labs Launches Token Sale

[May 19, 2017]

Storj Labs Launches Token Sale

ATLANTA, May 19, 2017 /PRNewswire/ -- Storj Labs, a leading decentralized cloud storage provider, has launched a sale of its new Ethereum-based application token, STORJ (formerly SJCX). STORJ tokens will enable users to provide and receive storage services in the Storj Labs network.

Storj Labs, a distributed cloud storage provider. (PRNewsfoto/Storj Labs)

Selling the STORJ tokens will enable Storj to advance product development and to speed the rate of innovation in cloud storage. By widely distributing its STORJ tokens to a global group of participants, Storj Labs expects to align interests with its users while accelerating developer adoption and network growth.

Storj Labs disrupts established cloud storage providers like Amazon Web Services, Microsoft Azure and Google Cloud Platform which control the $35 billion cloud storage market. Storj is leveraged by more than 20,000 API users and channel partners like Heroku and Microsoft Azure. The company recently exited beta, transitioning users of the platform to commercial support, billing and payment plans.

"Our ultimate goal here at Storj Labs is to disrupt cloud storage by delivering unprecedented security assurance, reliable performance, and blazing speeds – all without a hefty price tag," said John Quinn, co-founder, Storj Labs. "This Token Sale will help us to significantly increase resources so that we can accelerate development of our decentralized network and disrupt the traditional cloud providers. It redefines our development limits."

Storj recently announced a migration of SJCX from the Counterparty protocol on the Bitcoin blockchain to the Ethereum ERC20 token standard in an effort to improve quality of service, reduce network transaction fees and encourage Storj users to participate in a more active and robust development community. A 1:1 conversion from SJCX to STORJ will take place for existing token holders.

For those interested in participating in the Token Sale, visit https://storj.io/tokensale.html.

About Storj Labs
Storj Labs provides decentralized cloud storage and gives users more control over their devices and data by providing an open-source cloud platform: Storj. The company aims to become the largest, most secure, cost effective, and high performance cloud storage provider by utilizing spare hard drive space from its community members. For more information on Storj Labs, visit https://storj.io/.

Additional Resources
?     Storj Labs Blog
?     Storj Labs Token Sale
?     How Storj Works

Media Contact
Whitney True
reTHINKit PR
whitney@rethinkitpr.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/storj-labs-launches-token-sale-300460329.html

SOURCE Storj Labs


[ Back To HTML5's Homepage ]





HTML5 RESOURCES

HTML 5 Demos and Examples

HTML 5 experimentation and demos I've hacked together. Click on the browser support icon or the technology tag to filter the demos.... Learn More

HTML5 GAMES

HTML5games.com is the largest and most comprehensive directory of HTML5 games on the internet... Learn More

The HTML5 test

How well does your browser support HTML5?... Learn More

Working Draft (WHATWG)

This is the Editor’s Draft from WHATWG. You can use it online or print the available PDF version... Learn More

HTML5 Flip Book

Free jQuery and HTML5 flip book maker for PDF to online page turning book conversion... Learn More