Storj closes Crowdsale, raises 910 BTC, 9% of target

Storj, which launched a crowdfunding campaign to fund its future one month ago, has closed the round. It has gathered 910 BTC (=$455,000), or about 9% of its targeted 9800 BTC.

Contributions made from now on will be considered as donations, not part of the crowdsale. Those contributing before the deadline received an amount Storjcoin X (SJCX), redeemable for digital assets traded over the Counterparty protocol.

These first round of the crowdsale would have continued until 1800 BTC is received, during which a 10% bonus would be awarded over and the above the going SJCX-BTC Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term rate. During the 2nd phase until 4800 BTC, a 5% bonus is awarded, and thereafter no bonus.

The funding is intended to build Storj's decentralized Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term storage infrastructure. Participants are awarded early access to the company's DriveShare, whereby you can lease out your excess disk space, and MetaDisk apps.

The project aims to decentralize the storage of digital private data, somewhat similar to MaidSafeCoin.