Question 1

What is Storj?

Accepted Answer

Storj is an S3-compatible decentralized storage platform and application suite. Storage node operators provide unused hard drive capacity to the network, allowing data storage to be distributed across different locations rather than relying solely on a single data center. Here, “decentralized” describes a network structure in which storage capacity is contributed by multiple nodes; it does not mean that holding STORJ automatically grants storage space, node income, or a platform account balance. Using storage services and operating a node remain distinct forms of participation.

Question 2

What is the STORJ token used for?

Accepted Answer

STORJ is an ERC-20 utility token on the Ethereum network. It was previously used to pay for Storj network storage services and to compensate storage node operators. Both payment uses have changed: Storj now uses USDC. Therefore, STORJ’s historical uses should not be understood to mean that the platform still accepts STORJ payments or still settles with nodes in STORJ.

Question 3

What compensation do Storj storage node operators receive now?

Accepted Answer

Storj currently pays storage node operators in USDC on the Ethereum mainnet (Layer 1), rather than STORJ. Node operators contribute idle hard drive capacity to participate in the distributed storage network; the platform settles node compensation in USDC. This means the asset in which node earnings are denominated is separate from STORJ. USDC is designed to maintain a value of approximately $1, but this settlement arrangement does not constitute a Storj guarantee of node income amounts, node eligibility, or returns.

Question 4

Can I still use STORJ to pay for Storj storage services?

Accepted Answer

No. Storj no longer accepts STORJ as payment for storage services, and the 10% bonus previously associated with paying in STORJ has also been discontinued; USDC can currently be used to pay for storage and other services provided by the platform. When paying, select “Add USDC” on the billing page of your Storj account, and transfer only USDC to the displayed Ethereum mainnet USDC deposit address. Sending STORJ or other assets to that address will not be credited to the account as a USDC balance.

Question 5

What does Storj's S3 compatibility mean in practice?

Accepted Answer

S3 is a widely used object storage interface. Storj’s S3 compatibility means that applications using S3 APIs, tools, or workflows can connect to its storage service in the compatible ways Storj supports, without switching to a completely different object storage interface merely because they use decentralized storage. Compatibility addresses the application integration layer and is separate from the payment asset: an application can use storage through an S3-compatible interface, but that does not mean it can pay with STORJ; the platform’s current payment asset is USDC.

Question 6

When can I use my balance after paying for Storj services with USDC?

Accepted Answer

When paying with USDC, first select the deposit method on the billing page of your Storj account, then transfer funds to the Ethereum mainnet USDC address provided on that page. After an on-chain deposit is confirmed, the account billing page may still have an additional wait of up to several hours before the funds appear as an available balance. This waiting stage distinguishes between “the on-chain transaction has been confirmed” and “the platform account balance is available for payment.” Payers should verify both the network and the asset: this entry accepts only Ethereum mainnet USDC, and each 1 USDC is credited to the account as $1.

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