Storj Labs: Storj Tokens Listed on Huobi Pro Exchange for Trading

Storj Labs, Inc., in decentralized cloud storage, announced Huobi Pro, a digital asset exchange based in Singapore, has enabled trading for STORJ ERC20 tokens.

This listing comes amidst 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 HDD capacity.”

Many estimates show just 10% of tokens are in use after their respective token sales. Storj Labs’ STORJ token listing on many of exchanges, including Huobi Pro, Binance, Poloniex, Bittrex, Liqui, Changelly, QRYPTOS and others, sets it apart from many other post-token sale companies.

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. 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 HDD space on the Storj network.