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What is STORJ?

Storj is an open-source, decentralized platform that uses a network of nodes to store user data and files. STORJ is a utility token that powers the Storj DCS (decentralized cloud storage) network. The STORJ token runs on the Ethereum blockchain and is used to incentivize and reward Storj network participants for their contributions.

By encrypting and splitting files into smaller pieces before distributing them to its global network of storage nodes. When data needs to be reassembled, the network automatically pieces it back together. Storj DCS, therefore, helps to eliminate the security, privacy, and availability issues that their centralized counterparts are fraught with.

Although the network allows you to rent space in fiat or STORJ, network participants who lease storage, known as "farmers," are paid out in STORJ. Anyone with enough storage space to spare can become a farmer and earn STORJ for the space they provide.

Why buy STORJ with OKX?

What can I do after I buy STORJ?

With over 10,000 active nodes scattered worldwide and 300 million objects split into 30 billion pieces, the Storj network continues to grow tremendously. The network also currently has 6 petabytes of available capacity for storing data.

Looking to buy STORJ and become part of the fastest-growing decentralized cloud storage networks? With over 30 supported fiat currencies and major cryptocurrencies, OKX has you covered. The following are what you can do with your purchased STORJ tokens.

HODL STORJ

If you are a long-term investor who believes in the Storj network's future, buy STORJ from OKX and store it safely in your OKX wallet. You can also transfer your STORJ holdings to a hardware wallet and keep them in the hopes of profiting from any appreciation of their value over time.

Convert STORJ

To avoid losses during periods of high volatility or bear runs, you can convert your STORJ to stablecoins like USDT or USDC with no fees using our ‘Convert’ feature.

Transact with STORJ

You can rent cloud space with your STORJ tokens to securely store data at affordable prices and even make payments with them outside the Storj network. Check if the merchant or seller you are interacting with accepts STORJ to send your tokens directly from your OKX wallet to their compatible one.

Earn high APY on your STORJ holdings

Put your idle STORJ tokens to good use. You can stake your STORJ tokens in our flexible and low-risk staking pools on OKX Earn to start earning interest on your STORJ investment. You can also subscribe to our savings pool to grow your STORJ balance.

Trade STORJ

Trade your STORJ coins on OKX to try and profit from fluctuations in their price. With our highly liquid exchange and instant order fulfillment, OKX is one of the best platforms for trading STORJ tokens.

How to buy Cryptocurrency and store it safely?

Guide on how to buy Storj (STORJ)

Buy STORJ with a credit/debit card

With OKX, you can seamlessly buy crypto directly with your MasterCard or VISA debit and credit cards. The simplest way to purchase STORJ tokens with a credit or debit card is to buy USDT and then exchange it for STORJ in the spot market.

Buy USDT from our peer-to-peer (P2P) market

Navigate to our escrow-powered peer-to-peer trading window and purchase USDT tokens directly from trusted sellers using 40 payment methods. Then exchange your USDT tokens in the spot market for STORJ.

Convert other crypto to STORJ

If you hold BTC, SOL, OKB, MATIC, or any of the 100+ supported cryptocurrencies in an external wallet or on another exchange, you can send it to OKX and swap it for STORJ at zero fees and no spreads. All you need to do is transfer crypto to your OKX account and visit our OKX Convert page to swap the deposited asset for STORJ.

Buy STORJ in our spot trading market

Easily buy STORJ in our Spot Trading market. OKX has listed the Storj token against USDT and USDC. You can transfer those coins to your OKX account to buy STORJ directly if you already own them.

FAQs

How do I buy Storj tokens?
If you have USDT in your OKX account, buying Storj takes seconds! Open an account on OKX in under 5 minutes and start buying Storj!
Can I use my smartphone to buy STORJ?
Absolutely! You can instantly buy STORJ tokens on OKX Android and iOS applications. Download the OKX app from the Google Play Store or App Store and create an OKX account to begin purchasing STORJ tokens.
Can I make a profit trading STORJ?
Making profits from trading STORJ depends entirely on your trading decisions and market conditions and is not a guarantee. Remember that trading cryptocurrency is risky, and you should consider your goals, experience, and risk appetite before trading.
Will STORJ’s price always increase as the network grows?
As the Storj network grows, the STORJ token should see increased demand as more people join the network and use Storj DCS. However, this demand may not always lead to significant price increases if unfavorable market conditions exist, and there is no guarantee that prices will increase.
Can I convert my existing cryptocurrencies to STORJ?
Yes! Send your pre-existing cryptocurrency to your OKX wallet and use the ‘Convert’ feature to instantly exchange them for STORJ tokens at no cost.
What are the most popular cryptocurrencies to invest in today?
Top crypto, based on market capitalization or total circulation value, include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and XRP (XRP).
However, like all other crypto, the above are also featured with volatility and risks. You should do your own research (DYOR) and evaluate your risk appetite before investing in any crypto.
What are the top cryptocurrencies I can buy on OKX now?
OKX provides access to hundreds of crypto and trading pairings. Some of the most popular crypto on OKX include BTC, ETH, USDT, DOGE, SOL and OKB. You can visit our brand-new OKX Crypto Calculator. Select a crypto and a fiat currency to check the estimated real-time price.