StorX
StorX is a decentralized cloud storage network, Which empowers users to store their data securely on the cloud. Each file uploaded on StorX is split and encrypted into multiple fragments to autonomous storage nodes operated by individual operators across the world who rent their spare disk space to create a decentralized network of storage nodes that is used to store data. The hosts of the storage nodes are rewarded in SRX tokens for leasing their disk space to those who require it. StorX can be considered as the UBER of cloud storage that brings those who require disk space and those who want to rent their unused disk space together.
Key Points:
Stage: Live
Tech: Decentralized Cloud Storage
Token Economics: Token Supply of 500 million.
StorX (SRX) is now available on the crypto exchange Bitrue. Bitrue is the first major crypto exchange to list SRX. This token is attracting many crypto investors on its first day of trading.
Bitrue is a progressive crypto exchange platform that aims to provide the most trustworthy crypto asset management services in a simple, efficient, and secure manner. This listing of SRX on crypto exchange Bitrue will provide a way for users to use StorX.
StorX is the decentralized cloud storage network that allows users to store their data securely on the cloud. The file uploaded on StorX is split and encrypted into multiple items to autonomous storage nodes. Even more, these are operated by individual operators across the world who rent their spare disk space to develop a decentralized network of storage nodes that is used to store data.
In addition, the hosts of the storage nodes are rewarded in SRX tokens for leasing their disk space to those who need it. StorX can be considered as the Uber of cloud storage that brings those who require disk space. Also, for those who want to rent their unused disk space together.
Users can also become Node farmers on the StorX Network and contribute towards a new decentralised, secure, and affordable internet. Farmers could stake SRX tokens as part of the Farm Node Staking requirements. Tokens can be gained through exchanges or by referring friends. The minimum and maximum number of SRX tokens that should be staked are 1000 and 1,000,000 respectively. Users could be rewarded for their efforts and investment by gaining the SRX Tokens.
Notably, SRX is the utility token of XinFin blockchain’s XRC20 token. According to XDC network explorer, there are currently 535 SRX token holders. SRX contains a total supply of 500 million SRX tokens.
