Storj is a platform functioning as an alternative to cloud-storage, where all computers running the software lend out their unused hard drive space to other users who want to store files. Instead of a single company owning and maintaining the software, Storj crypto relies solely on a network of computers and software to manage the data storage.
The Storj coin, STORJ, functions as the heart of this service, as users who wish to store files on other computers pay STORJ for the service. Thus users who want to lend out their storage get STORJ in return.
Storj uses an automatic audit system, where cryptographic proof is requested at random each hour, and only when the receipt of this proof is obtained do users receive a payment for the storage. The process is designed to maintain and maximise the quality of the storage.
How To Buy Storj or Add it to your Strategy
The fastest, most convenient way to purchase Storj is to purchase it on ICONOMI. We check Storj live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Storj by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Storj is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Storj, we recommend you read the next section, as copying might be a better approach.
Add Storj to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Storj in their structure.