STORJ token sale documents and FAQs.
The STORJ token was launched in 2017 and has been a consistently used utility asset for decentralized storage capacity. Here are the key terms and documentation that were a part of the token creation and sale. Additionally, the questions and answers for those who participated in the token sale.
Frequently asked questions
How can I see my tokens once they're in the time lock contract?
Token sale participants received a link with the smart contract address and details about when and how they would be able to release the STORJ tokens they purchased from the lockup contract. At this time, all tokens that were locked in a token sale smart contract have passed the expiration date, so if you still have not released your tokens yet, you may do so at your convenience, using the instructions that were mailed to you before.
Why did STORJ labs do a token sale ?
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 allows us to accelerate product development, while promoting developer adoption and network growth. Additionally, it allows us to finance the continued development of Storj and create a fully functional distributed, decentralized cloud storage platform.
How many STORJ tokens were sold in the token sale?
During the token sale, a total of just over 73 million STORJ were sold. You can find more details in the token reports here.
What is the number of STORJ tokens in circulation?
There are a total of almost 425 million STORJ tokens in existence. The current approximate circulating supply can be found on CoinMarketCap.
You can read the blog post An Overview of Tokens Uses, Flows and Policies at Storj Labs for details how they are used.
For more details, you can read the latest STORJ Token Balances and Flows Reports which we publish on a quarterly basis.
What were the STORJ token sale instructions?
Participants of the token sale held during the year 2017 were given the following instructions on our token sale website:
Token sale participation
You can participate in the Storj Token Sale using either BTC or ETH to fund your purchase
BTC participation requirements:
- A BTC refund address
- A receiving Ethereum address - This Ethereum address must be from an ERC20 compatible wallet (such as Parity, Mist, MetaMask, and MyEtherWallet). Your STORJ tokens will be delivered to this address.
We cannot fill your order unless you have an Ethereum account with an ERC20 compatible wallet. - An email address - For sale-related notifications. We won't ever disclose your email to third parties.
- Receiving and refund addresses cannot be exchange addresses, unless you own the private key.
ETH participation requirements:
- A receiving Ethereum address - This Ethereum address must be from an ERC20 compatible wallet (such as Parity, Mist, MetaMask, and MyEtherWallet). Your STORJ tokens will be delivered to this address.
We cannot fill your order unless you have an Ethereum account with an ERC20 compatible wallet. - An email address - For sale-related notifications. We won't ever disclose your email to third parties.
- Receiving and refund addresses cannot be exchange addresses, unless you own the private key.
Did Storj Labs accept fiat during the token sale?
No, only payments in ETH and BTC were accepted during the token sale to purchase STORJ tokens.
How did Storj Labs spend the revenue earned during the token sale?
Storj Labs is using the revenue gained from the token sale to expand the team of technical and non-technical staff, fund business growth and product development, and continue working towards the goal of becoming the best distributed, decentralized cloud storage platform.
More details are outlined in the token sale terms 2017 Token Sale Terms.
What do I need to do to receive my STORJ tokens acquired from the Token Sale at the end of the time lock?
You will need to broadcast a transaction at the end of the time lock. That transaction will tell the time vault smart contract to send your tokens to your pre-registered receiving address. If you purchased tokens with a lockup contract, an email with exact instructions how and when to release the tokens was sent to you already. As of today, all time lock contracts have already passed their expiration date, so you may use the instructions you received in the email to release your tokens at your convenience now.x