StorX Network, a cutting-edge decentralized storage platform, has seen a 5% price increase following its listing on ProBit Global, one of the top 30 cryptocurrency exchanges as per CoinMarketCap. This new listing, announced on June 17, 2024, highlights the growing recognition and adoption of Decentralized Physical Infrastructure Networks (DePIN) within the Web3 community. DePIN, short for Decentralized Physical Infrastructure Network, is a concept that leverages blockchain technology to build and manage physical infrastructure in a decentralized way. Imagine using your computer storage or internet connection to contribute to a network, and earning rewards for it.
ProBit Global has more than 2 million registered users, which will probably lead SRX to more exposure. StorX Network excels in decentralized storage, leveraging the XDC Network‘s blockchain for top-tier security and privacy. The XDC Network, known for its near-zero gas costs charged in $XDC , high throughput of over 2000 TPS, carbon-neutral operations, and enterprise-grade capabilities, has been a leading Layer 1 blockchain since 2019. Plugin ($PLI) , another DePIN project built on XDC Network is based on data oracle that offers cost-effective, secure, and reliable data solutions for smart contracts by connecting them with real-time data and aggregating feeds from multiple providers.
Unlike conventional centralized systems, StorX disperses personal data control across numerous nodes, thereby bolstering data security and availability. StorX effectively mitigates the risks of data breaches and losses associated with centralized cloud storage solutions by fragmenting files into encrypted components and distributing them globally. These robust security and privacy measures ensure that your data is always safe and accessible.
The platform offers a unique and financially rewarding opportunity for individuals to engage in the data storage market actively. As Node Farmers, they contribute storage capacity and bandwidth to the network and are rewarded with SRX tokens. This inclusive access to cloud storage fosters a vibrant decentralized community. At present, the StorX Network boasts an impressive 3,265 nodes with a total of 26,462,114 SRX tokens staked, promising an annual reward of 6%. To become a Node Farmer, individuals must stake 25,000 + SRX tokens.
The listing on ProBit Global is a significant milestone, underscoring the rapid and widespread adoption of DePIN technologies like StorX in the current era. In the wake of this listing, StorX witnessed a 5% price surge, a clear testament to the Web3 community’s unwavering faith in the platform’s capabilities and the promising future of decentralized storage solutions.
The live StorX Network price is $0.0457, with a 24-hour trading volume of $758,277. StorX Network has experienced a 5% increase in the last 24 hours and 191.35% in the last one year. Advancing it’s CoinMarketCap ranking of #991 from #1224, StorX has a live market cap of $14,891,756, a circulating supply of 341,427,504 SRX coins, and a maximum supply of 1,500,000,000 SRX coins.
StorX’s approach to decentralized storage and its recent listing on ProBit Global underscores its potential to revolutionize the data storage landscape, offering a secure, private, and affordable solution for users worldwide.
As of today, $SRX is trading at $0.0457 and is available to buy on various exchanges, including Bitrue, BitMart, Coinstore, Globiance, HitBTC, LCX Exchange and now ProBit Global on centralized exchanges and XSwap and Globiance DEX among the decentralized exchanges.
