StorX

StorX is a decentralized storage network built on the XDC blockchain that allows users to encrypt, fragment, and distribute their data across a worldwide collection of independent hosting nodes. It is designed to replace centralized cloud-storage providers with a peer-to-peer marketplace where anyone can rent out spare storage capacity or pay to store data. The project targets individuals and organizations who want control over their own data without relying on a single company as an intermediary.

When a user uploads data, StorX breaks it into encrypted fragments and spreads those fragments across multiple nodes run by independent operators around the world, so no single node holds a complete or readable copy. The SRX token, which lives on the XDC network, is used within this marketplace to pay for storage and to compensate node operators who contribute capacity. The data available does not specify a consensus algorithm or block time for StorX itself, so the underlying settlement mechanics beyond XDC's infrastructure are not described here.

The data provided does not include a fee revenue figure for StorX, so no fee-based measures such as protocol earnings or fee yields can be reported for this asset. In principle, storage fees paid by users would flow to node operators, with the SRX token serving as the medium of exchange, but no quantified fee stream is stored for this project. The circulating supply stands at approximately 607,901,121 SRX tokens against a maximum supply of 1,500,000,000, meaning roughly 40.5 percent of the maximum supply is currently in circulation, and the dilution overhang is recorded at 0.0 percent, indicating no additional supply beyond the circulating amount is pending release.