Storj 

STORJ Price

What is the Storj coin?

Storj is a decentralized cloud object-storage protocol (Storj DCS) that provides S3-compatible storage across a worldwide network of independent storage nodes. Customer files are encrypted on the client side, split into shards through erasure coding, and distributed across node operators. STORJ is an ERC-20 utility token on Ethereum; customers historically paid storage and bandwidth fees in STORJ, and node operators earned STORJ for providing spare disk space. Storj Labs, Inc., the company behind the network, filed for Chapter 11 restructuring in July 2026.

Why did Storj Labs file for Chapter 11 bankruptcy in 2026?

Storj Labs filed for Chapter 11 on July 26, 2026, in the U.S. Bankruptcy Court for the Northern District of Georgia (Case No. 1:26-bk-62642, transferred from West Virginia in September 2026). The filing followed the acquisition of Storj Labs by Inveniam Capital Partners in October 2025. Storj states the Storj network continues operating normally through the process. The company proposed a court-approved restructuring plan under which token holders could be offered a mechanism to participate in the equity of the restructured company. Terms remain subject to court approval.

Is the STORJ token a share of Storj Labs equity?

No. STORJ is a utility token used within the Storj network — the token does not represent equity, shares, or ownership in Storj Labs, Inc. This distinction carries direct financial weight in the current restructuring: Storj proposed a court-supervised mechanism under which token holders could potentially receive participation in the restructured company's equity, but no terms had been formally disclosed at the time of the filing. Any such mechanism requires court approval before token holders receive anything.

Can you still earn STORJ by running a storage node?

Historically, yes — Storj node operators earned STORJ for providing spare disk space and bandwidth. That payment design ended: on September 25, 2026, Storj announced node-operator payouts and customer deposits would switch from STORJ to USDC, beginning with the October 2026 payout sent from October 9, 2026. The switch removed STORJ's primary in-network payment use case. Separately, since July 2025 Storj ran monthly open-market buybacks initially set at 5% of monthly node-operator payouts, with repurchased tokens held at a public wallet, alongside an announced staking design funded from buyback reserves.

What is STORJ's total supply and can new tokens be minted?

No new STORJ can be minted — the token has no ongoing emission, and node rewards were historically paid from existing reserves rather than created as inflation. 500,000,000 STORJ were minted around the 2017 token sale. Subsequent burns reduced the effective supply to roughly 425 million STORJ per project-reported burn history. No fixed maximum-supply cap is recorded. The live supply figure is verifiable on Etherscan at the STORJ token contract.

Does STORJ have a vesting schedule or upcoming token unlocks?

STORJ has no vesting schedule and no scheduled token unlocks. Both the 2014 crowdsale and the 2017 token sale were documented as "No Lock Up" distributions. The full 500 million supply was pre-minted, with Storj Labs holding reserves and releasing them on a budgeted basis — the company stated a cap of no more than roughly 25 million tokens sold per year for operating expenses. The supply risk is therefore not unlock-driven inflation but depletion of company reserves — and, after the Chapter 11 filing, court-supervised treatment of any company-held tokens.

Who backed Storj and how much did the project raise?

Per DropsTab fundraising data, Storj raised roughly $35.6 million across five rounds. The seed round in February 2017 brought in $3 million from Qualcomm Ventures, GV (Google Ventures), Techstars, Tank Stream Ventures, and BnkToTheFuture. The 2014 crowdsale raised $566,188, and two SEC Form D filings added $200,000 in November 2015 and $1.8 million in May 2016. The backer list combined corporate-strategic capital with top-tier venture names — a signal of institutional confidence in decentralized storage at the time.

Where can you buy and trade Storj (STORJ)?

STORJ trades across spot, derivatives, and decentralized markets — per DropsTab data, more than 25 distinct venues list the token. Spot buyers find USD pairs on Coinbase and Kraken, USDT pairs on OKX, KuCoin, Gate, and HTX, plus local-currency books in EUR, TRY, and KRW. Derivative traders can access STORJUSDT perpetuals on Bybit, MEXC, and Gate.io. On-chain, STORJ trades against WETH and USDT in Uniswap V2, V3, and V4 pools on Ethereum.

How did the Chapter 11 filing affect STORJ liquidity?

Liquidity thinned after the Chapter 11 filing. Media reported a roughly 16–20% token decline following the July 26, 2026 filing, and at least some centralized exchanges announced delistings. Venue coverage was still broad after the filing, but individual-venue delistings are a live possibility — liquidity depth should be checked per venue rather than assumed from the number of listings. Spot availability is concentrated in USD and USDT pairs across the listed venues.