storj
Storj
STORJ
$0.36

Sector

Distributed Computing

Exchange Debut

2017-07-02

Market Cap

52,361,203

Maxim Supply

Circulating Supply

143,787,439

Circ. Supply(%)

storj

Storj

STORJ

Price

$0.36

Market Cap

Sector

Exchange Debut

52,361,203
2017-07-02

Volume 24h

High 24h

Low 24h

9677974
0.380448049565
0.349773586465

Change 24h

Change 7d

Change 30d

-3.3722
-7.5123
-7.6002

Maxim supply

Circulating supply

Circulating supply(%)

143,787,439

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Storj – STORJ cryptocurrency:

 

Storj, a decentralized cloud storage platform, epitomizes innovation in the crypto realm. Its unique approach of combining cloud storage with blockchain technology has garnered a respectable overall score of 6.90 out of 10 in its fundamental analysis. This score reflects a balanced blend of strengths and areas needing improvement across various parameters. Notably, its utility in offering secure, encrypted storage solutions and the integration of STORJ tokens into its ecosystem stand out as significant achievements. As we delve into the detailed analysis of each criterion, the fundamental analysis of the Storj – STORJ cryptocurrency offers a comprehensive perspective on its potential and challenges.

SOCIAL & MASS MEDIA: Score 4.4 out of 10

In terms of social and media presence, Storj scores moderately with a 4.4 out of 10. Its ability to attract followers on social media platforms is limited, scoring only 2 out of 10. However, it excels in media presence, achieving a perfect 10. This indicates a strong interest in the project from the media but a need to further engage and grow its online community.

AUDIT & SECURITY: Score 5.975 out of 10

The audit and security aspect of Storj reveals a score of 5.975 out of 10. The platform demonstrates moderate results in audits and excels in liquidity on exchanges, scoring 9 out of 10. This suggests a reliable level of security and transparency, essential for user trust in a decentralized storage solution.

TOKENOMICS: Score 5.5 out of 10

Storj’s token economy earns a score of 5.5 out of 10. It reflects a balanced approach to inflation and token distribution, scoring 5 and 7 out of 10, respectively. This indicates a well-considered strategy for managing its monetary mass, which is crucial for long-term sustainability.

ECOSYSTEM DEVELOPMENT: Score 7.7 out of 10

The ecosystem development of Storj is quite strong, scoring 7.7 out of 10. This is underpinned by its achievement of objectives and plans for future developments. It shows commitment to continuous improvement and expansion, essential for keeping pace in the dynamic crypto environment.

TEAM & DEVELOPERS: Score 8.2 out of 10

The team behind Storj scores an impressive 8.2 out of 10, reflecting their expertise and the significant number of software developers involved. This high score indicates a solid foundation for the project, given the critical role of a skilled team in driving innovation and addressing technical challenges.

PRODUCT & UTILITY: Score 8.78 out of 10

In terms of product and utility, Storj shines with a score of 8.78 out of 10. The high utility of both the product and the tokens within the ecosystem highlights Storj’s practical value and user-centric approach. This score underscores the platform’s relevance and usefulness in the real world.

PARTNERS & INVESTORS: Score 7 out of 10

Storj’s partnerships and investor relations earn a score of 7 out of 10. While it has strong partnerships, it has room for improvement in attracting investors. This suggests a need for enhanced strategies to draw more investment and strengthen its financial backing.

Fundamental analysis of the Storj – STORJ cryptocurrency – The final conclusion

In the final analysis, the fundamental analysis of the Storj – STORJ cryptocurrency reveals a project with solid potential, marked by its innovative approach to decentralized cloud storage and a strong product utility. The overall score of 6.90 out of 10 indicates a balanced project with areas of strength, particularly in team expertise, product utility, and ecosystem development. However, it faces challenges in broadening its social media reach and attracting a larger investor base. For investors, Storj presents a moderate-risk opportunity with promising aspects in its technology and utility, warranting careful consideration in light of its current performance and future prospects.

What is Storj?

 

Storj, pronounced as “storage,” is an innovative open-source cloud storage platform. It operates on a decentralized network of nodes, using advanced encryption to protect user data. This platform was first conceptualized in a 2014 white paper and officially launched in late 2018.

Founding and Development

Founded by Shawn Wilkinson in May 2014, Storj emerged from a blend of blockchain technology and decentralized cloud storage vision. Wilkinson, teamed with co-founder John Quinn, transformed the initial concept into a viable product. Storj Labs Inc., the company behind Storj, was incorporated in May 2015. Ben Golub later took over as CEO, with Wilkinson serving as Chief Strategy Officer and Quinn as Chief Revenue Officer.

Funding and Growth

The platform successfully raised funds through various means, including a 2014 public crowd-sale that garnered 910 bitcoins (worth about $460,000), a $3 million seed funding round, and a $30 million token sale in 2017.

Storj’s Unique Approach

Distinguishing itself from traditional cloud storage, Storj utilizes a vast network of independent computers. Anyone with spare storage space and a reliable internet connection can participate as a node by installing Tardigrade. This decentralized approach results in cost-effective storage solutions for users, a key aspect in the fundamental analysis of the Storj – STORJ cryptocurrency.

Decentralization and Accessibility

The decentralized nature of Storj allows individuals to contribute to the network, offering hard drive space in exchange for Storj tokens. This model not only democratizes cloud storage but also enhances security and efficiency, crucial elements in the analysis of the STORJ cryptocurrency.

In summary, Storj represents a significant shift in cloud storage solutions, leveraging blockchain technology for enhanced security, decentralization, and affordability. Its unique business model and robust network growth contribute to the fundamental analysis of the Storj – STORJ cryptocurrency.

Fundamental analysis of the Storj - STORJ cryptocurrency

Storj - STORJ performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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