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faq.html
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<!DOCTYPE html>
<html lang="en">
<head>
<meta charset="utf-8">
<meta http-equiv="X-UA-Compatible" content="IE=edge">
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<meta name="description" content="Blockchain-based, end-to-end encrypted, distributed object storage, where only you have access to your data.">
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<title>Storj - FAQ</title>
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<body class="page faq">
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<a href="https://app.storj.io/" class="link">Login</a>
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<a href="share.html" class="btn btn-rent" data-toggle="tooltip" data-placement="bottom" title="Earn money by sharing your extra hard drive space on the network.">Rent Your Drive</a>
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<div class="section">
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<div class="col-xs-12 text-center">
<h1 class="title">Frequently Asked Questions</h1>
<p class="text-center">Read the
<a href="https://storj.io/storj.pdf" class="link">Storj Whitepaper</a>.
<div class="spacer50"></div>
</div>
</div>
<div class="row">
<div class="col-xs-12 text-center">
<h1>Storj and Storj Labs</h1>
</div>
<div class="col-xs-12 col-sm-8 col-sm-push-2">
<div class="panel-group" id="accordion" role="tablist" aria-multiselectable="true">
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-1-1">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapse-1-1" aria-expanded="false" aria-controls="collapse-1-1">
What is Storj?
</a>
</h4>
</div>
<div id="collapse-1-1" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-1-1">
<div class="panel-body">
<p><b>Storj</b> (pronounced: storage) aims to become a cloud storage platform that can’t be censored or monitored, or have downtime. It is the first decentralized, end-to-end encrypted cloud storage that uses blockchain technology and cryptography to secure your files.</p>
<p>Storj is a platform, cryptocurrency, and suite of decentralized applications that allows you to store data in a secure and decentralized manner. Your files are encrypted, shredded into little pieces called 'shards', and stored in a decentralized network of computers around the globe. No one but you has a complete copy of your file, not even in an ecrypted form.</p>
<p>Because of this, Storj can be faster, cheaper, and more secure than traditional cloud storage platforms. Faster because multiple machines are serving you your file simultaneously, cheaper because you are renting people's spare hard-drive space instead of paying for a purpose-built data center, and more secure because your file is both encrypted and shredded. There is no need to trust a corporation, vulnerable servers, or employees with your files. Storj completely removes trust from the equation.</p>
<p>Storj uses blockchain features like a transaction ledger, public/private key encryption, and cryptographic hash functions for security.</p>
<p>Storj is working hard to solve data security issues with the help of its own web app,
<a href="https://app.storj.io/" class="link">Storj</a>, which lets you store your files, and client app,
<a href="https://storj.io/share.html" class="link">Storj Share</a>, which lets you rent your hard-drive space for money.</p>
<p>To best protect your data, files are encrypted client-side on your computer before they are uploaded. Each file is split up into chunks which are first encrypted and then distributed for storage across the Storj network. The network is comprised of Storj Share nodes run by users around the world who rent out their unused hard drive space in return for <b>Storj Token (STORJ)</b>.</p>
<p>The decentralized aspect of Storj means there are no central servers to be compromised, and with client-side encryption, your are in control of the keys to your files.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-1-2">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapse-1-2" aria-expanded="false" aria-controls="collapse-1-2">
How is Storj different from Storj Labs?
</a>
</h4>
</div>
<div id="collapse-1-2" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-1-2">
<div class="panel-body">
<p>Storj is a cloud storage platform. The key word in that sentence is ‘platform’ because without it, Storj would just really be a decentralized cloud storage alternative. While a decentralized cloud storage alternative in itself would still be a great product, what we are creating goes beyond that.</p>
<p>Storj allows users to create decentralized applications. We have already begun to see basic demos using the Storj API and pulling content from the network, including an image viewer, a .txt and .pdf viewer, a music player, and even a video service. Some of these services have even been thrown into a Storj Media Center of sorts.</p>
<p>Our corporate entity Storj Labs aims to bring decentralized cloud storage to the average business and consumer. With constant data breaches and high costs, users are becoming more aware that the current model of cloud storage is broken. Storj Labs provides DaaS (Data-as-a-Service), as well as help building tools and APIs for customers to be able to interface with this new cloud storage model.</p>
</div>
</div>
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<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-1-3">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapse-1-3" aria-expanded="false" aria-controls="collapse-1-3">
How can I invest in Storj Labs?
</a>
</h4>
</div>
<div id="collapse-1-3" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-1-3">
<div class="panel-body">
<p>Please send an email to
<a href="mailto:[email protected]" class="link">[email protected]</a> to learn more about investment opportunities.</p>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="div-sm"></div>
<div class="row">
<div class="col-xs-12 text-center">
<h1>Storj Share</h1>
</div>
<div class="col-xs-12 col-sm-8 col-sm-push-2">
<div class="panel-group" id="accordion-3" role="tablist" aria-multiselectable="true">
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-1">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion-3" href="#collapse-3-1" aria-expanded="false" aria-controls="collapse-3-1">
What is Storj Share and how do I share my unused hard drive space?
</a>
</h4>
</div>
<div id="collapse-3-1" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-1">
<div class="panel-body">
<p>Storj Share is an open-source application that allows users to rent out their excess hard drive space in exchange for STORJ, a cryptocurrency similar to Ethereum. Those running Storj Share will act as decentralized cloud storage nodes for the network.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-2">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion-3" href="#collapse-3-2" aria-expanded="false" aria-controls="collapse-3-2">
Drive Farming
</a>
</h4>
</div>
<div id="collapse-3-2" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-2">
<div class="panel-body">
<p>Drive Farming is the term we use to describe the renting out extra hard drive space. This is comparable to traditional crypto-currency mining; in the same way you can use your computer's GPU to mine Ethereum, you can use the hard drive space to farm STORJ. Users allocate a portion of their available hard drive space and specify a folder on their drive to store network data.</p>
<p>This space stores small encrypted shards of Storj users’ files. This means that no farmer holds the entire file that a user uploaded, and because the file is encrypted, it's unlikely that the farmer could read it anyway.</p>
<p>If someone attempts to access and alter the files that they are storing, the shard will fail the next challenge issued by the owner of the data. This will result in the malicious node being dropped, and the network will select another location to store the shard. And of course, the network doesn’t pay cheating nodes.</p>
<p>The simple Storj Share GUI will allow you to specify how much storage space you want to share, add a STORJ address for payments, and specify a Storj node to use.</p>
<p>Then, when people upload files via Storj, if your node is online, you will start getting file chunks hosted on your drive and you will get a reward for them.</p>
<p>There are a few variables that could make the number of hosted chunks on your shared storage (and thus your expected rewards) higher or lower:</p>
<ul>
<li>
<p>Size of shared storage</p>
</li>
<li>
<p>Upload and download bandwidth</p>
</li>
<li>
<p>Reliability and availability of your Storj Share node</p>
</li>
<li>
<p>Demand for storage</p>
</li>
</ul>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-3">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion-3" href="#collapse-3-3" aria-expanded="false" aria-controls="collapse-3-3">
How much storage do I need to share to be able to use Storj for free or to make a profit?
</a>
</h4>
</div>
<div id="collapse-3-3" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-3">
<div class="panel-body">
<p>Since Storj is a decentralized network, farmers will compete to win the business of users, and users will only agree to prices they find competitive. Storj will make it a simple process for users to find farmers at competitive rates.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-4">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion-3" href="#collapse-3-4" aria-expanded="false" aria-controls="collapse-3-4">
How important is download and upload bandwidth?
</a>
</h4>
</div>
<div id="collapse-3-4" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-4">
<div class="panel-body">
<p>Your upload speed will severely limit the amount of data that can you can store and serve in a timely manner. The problem comes when you have contracts for stored data that expire, or when your storage system goes offline and you lose those contracts and the data is deleted. Your system then has to re-fill terabytes of data on a slow line. In addition, if your node can’t upload data in a timely manner on request, you may lose contracts or be dropped from the network.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-5">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion-3" href="#collapse-3-5" aria-expanded="false" aria-controls="collapse-3-5">
Can I put conditions on the purpose which my space I offer for rent can be used for (i.e., to use for supporting specific Apps that might run on top of Storj later on, like a music or video player etc)?
</a>
</h4>
</div>
<div id="collapse-3-5" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-5">
<div class="panel-body">
<p>Because Storj provides secure zero-knowledge encrypted storage, it's almost impossible to know what type of data is being stored. However third-party service providers, developers, and apps wishing to utilize the Storj network can restrict the types of files and uploads that maybe stored on the network through their front-end.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-6">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion-3" href="#collapse-3-6" aria-expanded="false" aria-controls="collapse-3-6">
What if a Storj Share node that stores a chunk of my file goes offline? Will I lose access to my file?
</a>
</h4>
</div>
<div id="collapse-3-6" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-6">
<div class="panel-body">
<p>No. To protect against node failures and downtime the Storj network defaults to three redundant storage nodes. If you manually lowered the number of nodes storing their files to a single node, then your file would be inaccessible until it came back online.</p>
<p>Also, if your files are stored with multiple nodes and one goes offline, the Storj network will automatically find another node to take over the open contract so your files continue to be available.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-7">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="accordion-3" href="#collapse-3-7" aria-expanded="false" aria-controls="collapse-3-7">
If a lot of the Storj Share farmers use home computers and internet providers with low bandwidth, wouldn't that make accessing my files really slow?
</a>
</h4>
</div>
<div id="collapse-3-7" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-7">
<div class="panel-body">
<p>Not at all. The Storj network breaks every file up into very small chunks that could be distributed to dozens of Storj nodes for hosting.</p>
<p>Just as with other peer-to-peer networks your computer only needs to retrieve that small chunk from each host which can be accomplished very quickly, no matter how low the bandwidth of an individual node.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-8">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="accordion-3" href="#collapse-3-8" aria-expanded="false" aria-controls="collapse-3-8">
If the space I'm sharing goes offline, what happens to the data I’m storing?
</a>
</h4>
</div>
<div id="collapse-3-8" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-8">
<div class="panel-body">
<p>The network will route around your node, and drop your contracts. Another node on the network would retrieve the data from the redundant nodes that the owner has contracted with, and you will lose the contract to store the affected data.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-9">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="accordion-3" href="#collapse-3-9" aria-expanded="false" aria-controls="collapse-3-9">
How can an average person keep their storage space constantly online, in order to maximize the service provided and the profit?
</a>
</h4>
</div>
<div id="collapse-3-9" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-9">
<div class="panel-body">
<p>Ideally, this would require an upfront investment of a couple hundred dollars to purchase a dedicated network attached storage device such as the Synology DS213air or DS214se.</p>
<p>These can be plugged in and run 24/7 with up to 2x1TB - 6TB drives. Adding a small, inexpensive 400W+ Cyberpower or APC UPS Battery backup could also improve uptime during power outages.</p>
<p>This is a very simple and efficient setup for the average user, but please make sure to verify Storj Share compatibility with any NAS you wish to purchase on the
<a href="https://community.storj.io/" class="link">Storj Community Chat</a>.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-10">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="accordion-3" href="#collapse-3-10" aria-expanded="false" aria-controls="collapse-3-10">
Can I attach an external disk to a PC and share the space on my external disk or other sources?
</a>
</h4>
</div>
<div id="collapse-3-10" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-10">
<div class="panel-body">
<p>Yes you can, any disk drive that your operating system (Windows, Mac OS, Linux) recognizes as an attached drive can be selected from within the Storj Share application.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-11">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion-3" href="#collapse-3-11" aria-expanded="false" aria-controls="collapse-3-11">
When will I get paid? How are payments calculated?
</a>
</h4>
</div>
<div id="collapse-3-11" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-11">
<div class="panel-body">
<p>Storj Share payments are made once a month. So if you start farming right now, you will not receive a payment until early next month. We can't run the payment script until the month ends, then it needs to be reviewed by the community, and then rewards are finally paid out. We will make make this process faster and more transparent in the interface in the future.</p>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="faq-3-12">
<h4 class="panel-title">
<a class="collapsed" data-toggle="collapse" data-parent="#accordion-3" href="#collapse-3-12" aria-expanded="false" aria-controls="collapse-3-12">
How to hold STORJ? What is a valid address?
</a>
</h4>
</div>
<div id="collapse-3-12" class="panel-collapse collapse" role="tabpanel" aria-labelledby="faq-3-12">
<div class="panel-body">
<p>In order to hold your STORJ, you need to store them in an ERC-20 compatible Ethereum wallet to which you hold the private key yourself. Several options are available:
<ul>
<li><a href="https://parity.io/parity.html" class="link" target="_blank">Parity</a>
</li>
<li><a href="https://github.com/ethereum/mist" class="link" target="_blank">Mist</a>
</li>
<li><a href="https://metamask.io/" class="link" target="_blank">MetaMask</a>
</li>
<li><a href="https://www.myetherwallet.com" class="link" target="_blank">MyEtherWallet</a>
</li>
</ul>
It is very important to note that an exchange address is <em>not</em> a valid address unless you hold the private key yourself.
</p>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="div-sm"></div>
<!-- STORJ TOKEN -->
<div class="row" id="faq-storj-token">
<div class="col-xs-12 text-center">
<h1>Storj Token (STORJ)</h1>
</div>
<div class="col-xs-12 col-sm-8 col-sm-push-2">
<div class="panel-group" id="accordion-6" role="tablist" aria-multiselectable="true">
<h4>Token Distribution</h4>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingOne">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseOne" aria-expanded="false" aria-controls="collapseOne" class="collapsed faq-heading">
When will I receive my STORJ?
</a>
</h5>
</div>
<div id="collapseOne" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingOne">
<div class="panel-body">
<span class="panel-font">
We understand that you’ve been anxiously awaiting the distribution of your STORJ and are excited to report that the STORJ token has officially been distributed!
<br />
<br /> The STORJ token contract address is:
<b>0xb64ef51c888972c908cfacf59b47c1afbc0ab8ac</b>
<br />
<br /> You will need to set your wallet to watch the token contract. While instructions vary by wallet and we always recommend referring to their official documentation, we have provided instructions for many of the most common ERC-20 wallets later in the
<a href="#faq-token-wallets" class="link2 page-scroll"><u>Token Wallets</u></a> section of the FAQs.
</span>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingTwo">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseTwo" aria-expanded="false" aria-controls="collapseTwo" class="collapsed faq-heading">
Why did it take so long to distribute the STORJ token?
</a>
</h5>
</div>
<div id="collapseTwo" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingTwo">
<div class="panel-body">
<span class="panel-font">
The Storj Token sale is unique in many ways:
<br />
<br />
<ul>
<li>Because the Storj network has been running for over a year, there was a significant ecosystem that needed to be updated prior to the release of the new token.
</li>
<li>In addition to the STORj token distribution, our team also had to finalize the <a href="https://storj.io/conversion">custom application</a> to convert SJCX to STORJ.
</li>
<li>Additional time was required to implement timelock smart contracts for tokens sold during the pre-sale.
</li>
</ul>
</br>
Some of the above tasks have never been done before in any other token sale. As a result, additional time and care were taken to ensure that the process was done correctly, every step of the way.
</span>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingThree">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseThree" aria-expanded="false" aria-controls="collapseThree" class="collapsed faq-heading">
What do I have to do to see the STORJ token in my wallet?
</a>
</h5>
</div>
<div id="collapseThree" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingThree">
<div class="panel-body">
<span class="panel-font">
This will depend largely on the Ethereum wallet that you used. For many, the STORJ token will appear automatically. If this does not occur, you will need to add the token manually to your wallet. Each wallet should have a well-documented process for this. For most major wallets, instructions can be found in the next section.
</span>
</div>
</div>
</div>
<br />
<h4 id="faq-token-wallets">Token Wallets & Management</h4>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingFour">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseFour" aria-expanded="false" aria-controls="collapseFour" class="collapsed faq-heading">
How can I manually add the STORJ token to my wallet?
</a>
</h5>
</div>
<div id="collapseFour" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingFour">
<div class="panel-body">
<span class="panel-font">
The STORJ token contract address is:
<b>0xb64ef51c888972c908cfacf59b47c1afbc0ab8ac</b>
<br />
<br /> Below, you will find instructions for most major ERC-20 wallets. For any not listed, we recommend reviewing the wallet provider’s official documentation.
<br />
<br />
<br />
<b>MyEtherWallet</b>
<br />
<br /> MyEtherWallet should automatically recognize the new STORJ token. If it does not, please take the following steps to add it:
<br/>
<br/>
<ul>
<li>Navigate to the “Send Ether and Tokens” page</li>
<li>Under ‘Token Balances’, select the option to ‘Add Custom Token’.</li>
<li>Enter the STORJ contract address in the “Address” field</li>
<li>Enter “STORJ” in the “Token Symbol” field</li>
<li>Enter “8” in the “Decimals” field</li>
</ul>
<br />
<br />
<b>Parity</b>
<br />
<ul>
<li>Parity now recognizes the new STORJ Token automatically under the abbreviation
<b>STJ</b>.</li>
</ul>
<br />
<br />
<b>Jaxx</b>
<br />
<ul>
<li>Jaxx has long term plans to support STORJ but has given no ETA at this time.
</li>
</ul>
<br />
<br />
<b>imToken</b>
<br />
<ul>
<li>imToken will automatically recognize and show your STORJ tokens.
</li>
</ul>
<br />
<br />
<b>MetaMask</b>
<br />
<ul>
<li>For information about how to manage STORJ tokens with MetaMask, please see their FAQ section on <a href="https://github.com/MetaMask/faq/blob/master/USERS.md#managing-tokens" target="_blank" class="link">managing tokens</a>.</li>
</ul>
<br />
<br />
<b>Mist</b>
<br />
<ul>
<li>Click on the "Contracts" button</li>
<li>Scroll to the bottom and click "Watch Token"</li>
<li>Enter the STORJ token contract address in the "Token Contract Address" field</li>
<li>Enter "Storj Token" in the "Token Name" field</li>
<li>Enter "STORJ" in the "Token Symbol" field</li>
<li>Enter 8 in the "Decimal Places of Smallest Units"</li>
</ul>
<br />
<br/>
<b>Hardware Wallets</b>
<br />
<ul>
<li>Trezor / Ledger Nano S</li>
</ul>
</span>
</div>
</div>
</div>
<br />
<h4>General Questions</h4>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingFive">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseFive" aria-expanded="false" aria-controls="collapseFive" class="collapsed faq-heading">
Did Storj accept payment in fiat during the token sale?
</a>
</h5>
</div>
<div id="collapseFive" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingFive">
<div class="panel-body">
<span class="panel-font">
No, we only accepted ETH or BTC.
</span>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingSix">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseSix" aria-expanded="false" aria-controls="collapseSix" class="collapsed faq-heading">
Why did Storj Labs do a token sale?
</a>
</h5>
</div>
<div id="collapseSix" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingSix">
<div class="panel-body">
<span class="panel-font">
Token Sales have gained significant momentum because of their ability to support distributed applications and open source development teams. Revenue generated from the Storj Token Sale will allow us to accelerate product development, while promoting developer adoption and network growth. Additionally, it will allow us to finance the continued development of Storj and create a fully functional distributed, decentralized cloud storage platform.
</span>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingSeven">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseSeven" aria-expanded="false" aria-controls="collapseSeven" class="collapsed faq-heading">
What does Storj Labs plan to do with the revenue earned during the token sale?
</a>
</h5>
</div>
<div id="collapseSeven" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingSeven">
<div class="panel-body">
<span class="panel-font">
We will use the revenue gained from the token sale to expand our technical and non-technical staff, fund business growth and product development, and continue working towards our goal of becoming the largest distributed, decentralized cloud storage platform.
<br />
<br /> More details are outlined in the token sale terms
<a href="https://storj.io/sale-terms.pdf">https://storj.io/sale-terms.pdf</a>
</span>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingEight">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseEight" aria-expanded="false" aria-controls="collapseEight" class="collapsed faq-heading">
How many STORJ were sold?
</a>
</h5>
</div>
<div id="collapseEight" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingEight">
<div class="panel-body">
<span class="panel-font">
During the token sale, just over 73,228,000 STORJ were sold.
</span>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingNine">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseNine" aria-expanded="false" aria-controls="collapseNine" class="collapsed faq-heading">
What is the number of tokens in circulation?
</a>
</h5>
</div>
<div id="collapseNine" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingNine">
<div class="panel-body">
<span class="panel-font">
Right now, there are roughly 51,000,000 outstanding SJCX. After the STORJ distribution and SJCX burn, there will be slightly under 125,000,000 outstanding STORJ. <!-- The number of outstanding STORJ can always be verified at
<a href="https://storj.io/supply.json">https://storj.io/supply.json</a> -->
</span>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingTen">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseTen" aria-expanded="false" aria-controls="collapseTen" class="collapsed faq-heading">
When will Storj Labs complete the 1:1 burn?
</a>
</h5>
</div>
<div id="collapseTen" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingTen">
<div class="panel-body">
<span class="panel-font">
The burn will be completed no later than Thursday, June 22nd. Additional details will be released here, once complete.
</span>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingTwelve">
<h5 class="panel-title">
<a role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseTwelve" aria-expanded="false" aria-controls="collapseTwelve" class="collapsed faq-heading">
How can I use the STORJ token?
</a>
</h5>
</div>
<div id="collapseTwelve" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingTwelve">
<div class="panel-body">
<span class="panel-font">
The STORJ token can be used to buy storage on the Storj network, power apps and ecosystems built on the Storj platform, and allows you to gain access to other services offered by the Storj platform such as DNS and TLS automation and Bridge server contracts.
<br />
<br /> As the number of apps and ecosystems built on the Storj network grows, so too will the number of uses for the STORJ token!
</span>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingTwentyFive">
<h5 class="panel-title">
<a class="collapsed" role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseTwentyFive" aria-expanded="false" aria-controls="collapseTwentyFive">
What were the Storj Token Sale instructions?
</a>
</h5>
</div>
<div id="collapseTwentyFive" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingTwentyFive">
<div class="panel-body">
<div class="row">
<div class="col-xs-10 col-xs-push-1 col-md-10 col-md-push-1 text-center">
<b>Token Sale Participation</b>
<br><br>
You can participate in the Storj Token Sale using either BTC or ETH to fund your purchase
</div>
</div>
<div class="row">
<div class="q-a">
<p class="text-center">
<b> BTC participation requirements:</b>
</p>
<div class="spacer20"></div>
<div class="answer panel-font">
<ol>
<li>
<b>A BTC refund address</b>
</li>
<br />
<li>
<b>A receiving Ethereum address</b> - This Ethereum address
<em>must</em> be from an ERC20 compatible wallet (such as
<a href="https://parity.io/parity.html" class="link" target="_blank">Parity</a>,
<a href="https://github.com/ethereum/mist" class="link" target="_blank">Mist</a>,
<a href="https://metamask.io/" class="link" target="_blank">MetaMask</a>, and
<a href="https://www.myetherwallet.com" class="link" target="_blank">MyEtherWallet</a>). Your STORJ tokens will be delivered to this address.
<br />
<br />
<strong>
<em>We cannot fill your order unless you have an Ethereum account with an ERC20 compatible wallet.</em>
</strong>
</li>
<br />
<li>
<b>An email address</b> - For sale-related notifications. We won't ever disclose your email to third parties.</li>
<b>Receiving and refund addresses <strong><em>cannot</em></strong> be exchange addresses, unless you own the private key.</b>
</p>
</ol>
</div>
<div class="spacer30"></div>
<p class="text-center">
<b>ETH participation requirements:</b>
</p>
<div class="answer panel-font">
<br>
<ol>
<li>
<b>A receiving Ethereum address</b> - This Ethereum address
<em>must</em> be from an ERC20 compatible wallet (such as
<a href="https://parity.io/parity.html" class="link" target="_blank">Parity</a>,
<a href="https://github.com/ethereum/mist" class="link" target="_blank">Mist</a>,
<a href="https://metamask.io/" class="link" target="_blank">MetaMask</a>, and
<a href="https://www.myetherwallet.com" class="link" target="_blank">MyEtherWallet</a>). Your STORJ tokens will be delivered to this address.
<br />
<br />
<strong>
<em>We cannot fill your order unless you have an Ethereum account with an ERC20 compatible wallet.</em>
</strong>
</li>
<br />
<li>
<b>An email address</b> - For sale-related notifications. We won't ever disclose your email to third parties.
</li>
<p><b>
Receiving and refund addresses <strong><em>cannot</em></strong> be exchange addresses, unless you own the private key.
</b>
</p>
</ol>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingTwentySix">
<h5 class="panel-title">
<a class="collapsed" role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseTwentySix" aria-expanded="false" aria-controls="collapseTwentySix">
Where are the Storj Token Sale Terms?
</a>
</h5>
</div>
<div id="collapseTwentySix" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingTwentySix">
<div class="panel-body">
<span class="panel-font">
You can find the Storj Token Sale Terms at
<a class="link" href="https://storj.io/sale-terms.pdf" target="_blank">
<b>https://storj.io/sale-terms.pdf</b>
</a>
</span>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingTwentySeven">
<h5 class="panel-title">
<a class="collapsed" role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseTwentySeven" aria-expanded="false" aria-controls="collapseTwentySeven">
What is Storj?
</a>
</h5>
</div>
<div id="collapseTwentySeven" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingTwentySeven">
<div class="panel-body">
<div class="storj-video-wrapper text-center">
<p class="panel-font">Storj is a peer-to-peer network comprised of “farmers,” users who rent out their spare hard drive space and bandwidth, and "renters" who purchase space and bandwidth.</p>
<p class="panel-font">Storj is up to 10x faster and up to 50% less expensive than traditional datacenter-based cloud storage solutions. Storj is a platform, a token, and a suite of tools for developers looking to build better tools and applications.</p>
<input class="btn btn-green" id="learnmore" value="Storj Video" />
<a href="storj.pdf" target="_blank">
<input class="btn btn-green" value="Whitepaper" />
</a>
<a href="industry-overview.pdf" target="_blank">
<input class="btn btn-green" value="Industry Overview">
</a>
</div>
<div class="modal" id="learnmoremodal">
<div class="modal-dialog" role="document">
<div class='storj-video storj-video-container video-thumbnail' id="vidwrap" onclick="play();"></div>
</div>
</div>
</div>
</div>
</div>
<div class="panel panel-default">
<div class="panel-heading" role="tab" id="headingTwentyEight">
<h5 class="panel-title">
<a class="collapsed" role="button" data-toggle="collapse" data-parent="#accordion" href="#collapseTwentyEight" aria-expanded="false" aria-controls="collapseTwentyEight">
Can I still participate in the Storj Token Sale?
</a>
</h5>
</div>
<div id="collapseTwentyEight" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingTwentyEight">
<div class="panel-body">
<span class="panel-font">
No. The Storj Token Sale has ended, and we are not accepting anymore purchase orders.
</span>
</div>
</div>
</div>
<div class="panel panel-default">
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<h4 class="panel-title">
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What is Storj Token (STORJ)?
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<p>STORJ allows you to purchase storage or earn money for renting your free Hard Drive space. STORJ uses the Ethereum blockchain for its transactions.
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<h4>Troubleshooting</h4>
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I didn't supply a receiving address during the token sale. Where will my STORJ tokens go?
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If you purchased STORJ tokens using
<em>BTC</em> as your payment, you were asked to supply an Ethereum wallet address. This Ethereum wallet address is where the tokens will be delivered.
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If you purchased STORJ tokens using
<em>ETH</em> as your payment, then the tokens will be delivered to the same Ethereum wallet address that was used to make the purchase. In other words, your payment address is also your receiving address.
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I followed the receiving instructions, but still don’t see my STORJ tokens.
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Email
<a href="mailto:[email protected]">[email protected]</a> and provide us any additional information you can.
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I provided a non-ERC20 wallet address. What can I do?
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We made every effort possible to stress the importance of using an ERC-20 compatible wallet in the sale terms, through the payment web application, and numerous times on the token sale website.
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<br /> As a result, we are unable to guarantee receipt if these instructions were not followed. We are happy speak with you further on the matter and may be able to make arrangements on an exception basis. For inquiries related to this, please email:
<a href="mailto:[email protected]">[email protected]</a>
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I provided an exchange wallet address. What can I do?
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We made every effort possible to stress the importance of not using an exchange wallet in the sale terms, through the payment web application, and numerous times on the token sale website.
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As a result, we are unable to guarantee receipt, if these instructions were not followed. We are happy speak with you further on the matter and may be able to make arrangements on an exception basis. For inquiries related to this, please email:
<a href="mailto:[email protected]">[email protected]</a>
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I’m confused about the number of STORJ tokens that I received.
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If you have any questions related to the number of STORJ you received, please email
<a href="mailto:[email protected]">[email protected]</a> from the email address that you used to complete the purchase. Please be sure to attach the original payment confirmation in addition to any pertinent details regarding the purchase and we will look into it.
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<h4>Pre-Sale Participants</h4>
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What do I need to do to receive my tokens at the end of the time lock?
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You will need to broadcast a transaction at the end of the time lock. That transaction will tell the time vault contract to send your tokens to your pre-registered address. We’ll send you an email with exact instructions when we get closer to the lock expiration.
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How can I see my tokens once they’re in the time lock contract?
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We’ll post a link to Etherscan where you can view the details of the smart contract.
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What happens if I want to change my receiving address during the lock-up period?
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Unfortunately, the contracts have already been deployed, and we are unable to change the receiving address.
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When does the time lock period start?
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The good stuff
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