ATLANTA, Nov. 15, 2017 /PRNewswire/ -- Storj Labs, the leader in decentralized cloud storage, today announced Huobi Pro, a leading global digital asset exchange based in Singapore, has enabled trading for STORJ ERC20 tokens. This listing comes amidst major growth and adoption of Storj's decentralized cloud storage platform and its STORJ token in China and the surrounding region. Huobi Pro is also the fourth new exchange to list Storj Labs' token for trading in the past four weeks, validating the token's utility and the company's decentralized cloud storage platform.
"China continues to be a huge market for decentralized applications and utility tokens, making it a high priority for the Storj platform, and we're pleased to be listed on the Huobi Pro exchange to better serve our token holders in the region and beyond," said John Quinn, Storj Labs cofounder and chief revenue officer. "As more exchanges list STORJ tokens for trading, it improves liquidity for our token holders, who can earn tokens by sharing their extra hard drive capacity."
Many estimates show just 10 percent of tokens are in use after their respective token sales. Storj Labs' STORJ token listing on many of the major exchanges, including Huobi Pro, Binance, Poloniex, Bittrex, Liqui, Changelly, QRYPTOS and others, sets it apart from many other post-token sale companies. With a mature technology, a strong leadership team and growing community, Storj is poised to disrupt the cloud storage market.
Storj Labs provides its users with secure, encrypted storage services across its decentralized cloud storage platform, which currently stores more than 5PB of total data. Storj users can trade STORJ tokens as payment for services they purchase on the network through ethereum smart contracts. Storj Labs uses these payments to compensate the Farmers who operate 50,000 nodes across the globe, sharing their spare hard drive space on the Storj network.
About Storj: Storj Labs provides decentralized cloud storage and gives users more control over their devices and data, providing an open-source cloud platform: Storj. The company aims to become the largest, most innovative, cost effective, and high performance cloud storage provider by utilizing spare hard drive space shared by its community members.
About Huobi Pro: After four years of accumulated growth, Huobi has grown into a digital asset integrated service provider with global competitiveness and influence, and has provided quality services to millions of users from more than 130 countries. Huobi also has established independent operation centers in Singapore, South Korea, Hong Kong, Mainland China and other countries and regions. In terms of technology, product lines, security and risk control, operation and customer services, Huobi and its subsidiaries have always been ahead of the industry.