Storj: The Storj platform (yes, like the word “storage”) does exactly what it sounds like — it stores data through end-to-end encrypted cloud storage. Storj utilizes blockchain technology and peer-to-peer networks to connect open storage space as a faster, more efficient alternative storage solution to traditional cloud platforms. STORJ is the utility token of the Storj platform.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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