The Motley Fool Investing Philosophy: We generally recommend investors buy shares of at least 25 stocks and hold them for at least 5 years. Learn More
| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| STORJ | -66.75% | -52.42% | -13.81% | -63% |
| S&P | +15.06% | +95.03% | +14.29% | +167% |
Storj is a decentralized cloud storage platform that allows users to securely and privately store their data on a distributed network of nodes. The platform uses blockchain technology and cryptographic protocols to ensure that user data remains secure and immutable. Storj was created by a team of developers led by Shawn Wilkinson, and the Storj token, or STORJ, is used to pay for storage and bandwidth on the network and incentivize node operators to provide storage and bandwidth. Overall, Storj provides a secure, decentralized, and cost-effective alternative to traditional cloud storage services while allowing users to retain ownership and control of their data.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.