Storj is a blockchain-based data storage project. It is a censorship-resistant, surveillance-free, and downtime-free cloud storage platform. The platform allows users to store data securely and in a decentralized manner through encryption and decentralized applications. It utilizes block transaction features, ledgers, public/private key encryption, and cryptographic hash functions to ensure security.

The core goal of Storj is to improve traditional cloud storage services, giving users control over their devices and data. Decentralization means that Storj has no central server, and due to client-side encryption technology, only end-users can access decrypted files and keys, greatly enhancing file security.

The Storj token is based on the Ethereum ERC-20 protocol, with a total supply of up to 500 million tokens, approximately 185 million of which are in circulation. There are over 72,000 holding addresses, with the top 100 addresses holding about 60% of the tokens. In terms of price, the highest price was around 21 yuan, the lowest was about 0.2 yuan, and the current price is approximately 4.2 yuan, with a crowdfunding price of around 2.8 yuan.

There are several exchanges where it is listed, including Binance and Huobi, and the current total market capitalization has reached 240 million yuan, ranking around 160 in terms of market value, with a daily trading volume of up to 100 million yuan and a very high turnover rate.

On the team side, all members are foreigners: Shawn Wilkinson is the founder and chief strategy officer, John Quinn is the founder and chief revenue officer, Philip Hutchins is the CTO and chief architect of DevOps, and Matthew May is the CFO.

In terms of use cases, Storj includes a platform, a digital currency, and a series of applications that allow users to store data. Each file is split into chunks, encrypted, and then distributed across the Storj network for storage. The network includes driveshare nodes, where users rent out their idle hard drive space in exchange for SJC. The Storj Labs plans to establish the world's first distributed cloud storage platform, allowing anyone to buy and sell storage space in a P2P network and providing DaaS tools and programming interfaces.

This project is worth monitoring, as compared to Fil, it has significant potential for future market value growth.