$300 Million Lockup: Storj Clarifies Token Economics in Surprise Reveal
Not many tokens are taking steps to clarify how they're handling their own funds. Storj, however, did just that with a surprise announcement Tuesday.
Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance.
The storage system splits files and stores them on multiple nodes to provide more security than centralized alternatives.
Ben Golub, CEO of Storj, sends a complimentary note to Filecoin. Competition is good and so is countering the extreme concentration of cloud storage.
Remaining holders of Storj Labs' early SJCX token need to act soon to avoid losing their investments.
Decentralized data storage startup Storj is hoping to boost its growth with the hire of Ben Golub, former CEO at software firm Docker.