Storj Labs Launches Token Sale

Decentralized cloud storage provider advances disruptive technology

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Storj Labs, a leading decentralized cloud storage provider, has launched a sale of its new Ethereum-based application token, STORJ (formerly SJCX). STORJ tokens will enable users to provide and receive storage services in the Storj Labs network.

Selling the STORJ tokens will enable Storj to advance product development and to speed the rate of innovation in cloud storage. By widely distributing its STORJ tokens to a global group of participants, Storj Labs expects to align interests with its users while accelerating developer adoption and network growth.

Storj Labs disrupts established cloud storage providers like Amazon Web Services, Microsoft Azure and Google Cloud Platform which control the $35 billion cloud storage market. Storj is leveraged by more than 20,000 API users and channel partners like Heroku and Microsoft Azure. The company recently exited beta, transitioning users of the platform to commercial support, billing and payment plans.

“Our ultimate goal here at Storj Labs is to disrupt cloud storage by delivering unprecedented security assurance, reliable performance, and blazing speeds – all without a hefty price tag,” said John Quinn, co-founder, Storj Labs. “This Token Sale will help us to significantly increase resources so that we can accelerate development of our decentralized network and disrupt the traditional cloud providers. It redefines our development limits.”

Storj recently announced a migration of SJCX from the Counterparty protocol on the Bitcoin blockchain to the Ethereum ERC20 token standard in an effort to improve quality of service, reduce network transaction fees and encourage Storj users to participate in a more active and robust development community. A 1:1 conversion from SJCX to STORJ will take place for existing token holders.

For those interested in participating in the Token Sale, visit https://storj.io/tokensale.html.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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