The platform has over 117,000 users and more than 4,000 node operators. Its eco-friendly infrastructure ensures a sustainable DePIN network. Users can create free accounts, while node operators earn rewards in $SRX tokens.

Key Highlights:

• Cost Efficiency: Storage is 50–60% cheaper than traditional cloud providers.

• Blockchain: Built on the energy-efficient XDC Network.

• Token: Operates with $SRX, the ecosystem’s native utility token.

Team – Founders

StorX Network was founded by Handy Barot, an experienced entrepreneur in blockchain economics and token architecture. Barot leads the core team managing the XDC Network integration.

The team includes experts like Murphy John (Ecosystem Development & Growth Manager), who has explained StorX’s technical infrastructure, especially encryption and data fragmentation, in podcasts.

The team comprises Web3 developers, data security specialists, and engineers focused on DePIN innovations. StorX maintains transparent communication with its community through Discord AMA sessions and Q&A events.

Investors & Partnerships

StorX Network raised early-stage funding through ICOs and private placements. While individual investor names are not publicly disclosed, the project receives strategic support from the XDC Network Foundation.

Key partnerships include:

• XDC Network: Infrastructure provider with energy-efficient blockchain technology.

• Acronis: Enterprise backup and disaster recovery integration.

• MCP Community: AI-based storage automation solutions.

• XDSeaNFT: NFT storage solutions using StorX infrastructure.

The project is listed on Bitrue, MEXC, and Biconomy, ensuring liquidity and market access. StorX also participates in global events like CloudFest, WebX Asia, and TOKEN2049.

Project Concept

StorX addresses high costs, data breaches, and censorship issues in centralized cloud storage. The platform uses an Uber-like marketplace model: users rent storage space, while individuals or businesses offer their unused storage as nodes.

This “storage mining” model rewards node operators with $SRX tokens. The core vision is user-owned data: files are encrypted, fragmented, and stored across multiple nodes, providing 99.99% uptime and ransomware resistance.

How the Platform Works

StorX stores data securely and transparently across a distributed network:

1. Upload & Encryption: Files are encrypted with AES-256 and split using erasure coding.

2. Distribution: Fragments are sent to independent nodes worldwide.

3. Storage & Access: Node operators earn $SRX for hosting storage.

4. Security: Data is redundant; if one node fails, others compensate.

5. Payments: Users pay for storage with $SRX tokens.

As of 2025, the platform supports mobile apps and AI automation features.

Governance

StorX uses a staking-based governance model:

• Node operators must stake a minimum amount of $SRX to participate.

• Voting power is proportional to staked $SRX relative to the network’s total staked tokens.

• Operators are incentivized to maintain network security and reliability.

Full DAO governance is planned in future roadmap phases, with community input complementing team-led decisions.

Roadmap (2023–2025)

• Foundation registration, testnet & mainnet launch

• Exchange listings & liquidity increase

• Mobile app and B2B integrations

• Community growth & security updates

• AI integration & DePIN-focused events in 2025

$SRX Token Utility

$SRX is an XRC-20 utility token on the XDC Network:

• Storage Payments: Premium account plans.

• Node Rewards: Earned based on storage contribution.

• Governance: Voting rights in DAO decisions.

• Bounties: Ecosystem contribution incentives.

• Liquidity: Exchange trading and integration payments.

Token Information

• Price (Nov 11, 2025): $0.0802 USD

• Market Cap: $58.18 million USD

• Circulating Supply: 725.44M SRX

• Total Supply: 800M SRX

• Max Supply: 1.5B SRX

• Exchanges: Bitrue, MEXC, Biconomy, Crypto.com

$SRX uses a high-efficiency token standard on the XDC Network.

Token Distribution

• Private Placement: 7% (investor funding)

• Seed Round: 10% (early investors)

• Community Placement: 23% (community sales)

• Core Team: 17.5% (vesting)

• Technology Ops: 2.5% (technical development)

• Data Farming Rewards: 12.3% (node rewards)

• Ecosystem Adoption Rewards: 12.7% (bounty & integrations)

• Contingency: 10% (reserve)

• Partnership, Market Making & Listing: 5%

Ecosystem

The StorX ecosystem includes:

• Users: 117,000+ active storage users.

• Node Operators: 4,000+ independent storage providers.

• Developers: Innovative solutions via APIs and hackathons.

• Enterprise Integrations: Acronis, MCP, XDSeaNFT.

StorX drives DePIN adoption, AI integration, and sustainable decentralized storage.

Features

• AES-256 encryption and data fragmentation

• Up to 50% cost savings vs. traditional cloud

• S3-compatible APIs for easy integration

• High scalability with 99.99% uptime

• User-controlled data privacy

• DAO governance and token incentive model

• Eco-friendly, energy-efficient infrastructure

Official Links

• Website
• Twitter
• Telegram
• Discord

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is StorX Network (SRX)? appeared first on Coin Engineer.

Team 

• Founder & CEO: David Rhodus leads the project. 
• Core Contributors: Permissionless Labs and engineers experienced in FreeBSD, distributed systems, and video infrastructure. 
• Expertise: Former engineers from AWS, Valve, Palantir, with DeFi research experience. 

Investors 

2024 Series A Funding: $10M led by Multicoin Capital. 

Partnerships: Permissionless Labs contributes to technical and Solana integration aspects. 

Project Concept

The project aims to deliver content as close to users as possible via local (hyperlocal) nodes without relying on central providers. It combines CDN, origin storage, and routing on an open layer for low-latency, cost-efficient delivery. 

• PoP Operators: Provide bandwidth, storage, and compute in exchange for PIPE. 
• Mission: Empower creators and communities with decentralized, high-performance CDN. 
• Vision: Ultra-low latency, reliable, transparent digital content access. 
• Core Values: Decentralization, empowerment, transparency, and performance. 

How It Works

Network runs on Solana smart contracts and includes three main products: 

• Pipe CDN: Hyperlocal content delivery for video, gaming, and dApps. 
• Firestarter Storage: Decentralized storage integrated with delivery. 
• P1 Overlay Network: Software-defined routing connecting the fastest paths across multiple networks. 

Governance 

• Staking: Operators stake PIPE for network participation and Sybil resistance. 
• Delegated Staking: Token holders delegate PIPE to nodes, earning rewards (delegated share: 7%). 
• On-chain Governance: Staked PIPE holders vote on protocol upgrades, emission parameters, and economic policies. 
• Security: Third-party audits and bug bounty programs ensure code safety. 

Roadmap 

• Testnet rollout and PoP expansion. 
• Mainnet launch based on testnet results. 
• Hyperlocal PoP increase in underserved regions. 
• Product expansion including edge computing and AI inference. 

Token Information 

• Token Name: PIPE 
• Total & Max Supply: 1,000,000,000 PIPE 
• Circulating Supply: 100,000,000 PIPE 

PIPE Utility 

• Staking & Delegated Staking: Operator selection and reward sharing. 
• Payments: PIPE burns create Data Credits (DC) for CDN/storage payments. 
• Priority Services: DC allows priority bandwidth or cache guarantees. 
• Governance: Vote on protocol parameters. 

Ecosystem & Features 

• Products: Pipe CDN, Firestarter Storage, P1 Overlay Network. 
• Use Cases: Video, gaming, dApps, Solana node sync, AI, and edge workloads. 
• Operator Diversity: ISPs, businesses, independent operators; permissionless access. 
• Advantages: Improved user experience, network resilience, balanced infrastructure growth. 
• Low Latency: Delivery target as low as 3 ms. 
• Scalable Growth: Network grows with users, maintaining performance. 
• Robust Security: DDoS protection, IP/Geo filtering, DMCA compliance. 
• Cost Efficiency: Burn-to-mint model ensures low-cost content delivery. 

Pipe Network leverages Solana’s speed and low-cost benefits to deliver decentralized, ultra-low latency CDN, storage, and AI services. A strong technical team and investors like Multicoin Capital support its growth potential. 

Official Links 

• Website
• Twitter
• Linkedin

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Pipe Network (PIPE)? appeared first on Coin Engineer.

Listing Details

• Trading Pair: FIL/KRW
• Trading Start Time: April 4, 2025, 07:30 UTC
• Supported Network: Filecoin (FIL)

Upbit users must ensure that deposits are made only through the Filecoin network. Deposits from unsupported networks will not be processed and may take a long time to return.

Trading Restrictions in the First Hour

• Buying will be restricted for the first 5 minutes.
• Selling orders must be at least 90% of the previous day’s closing price for the first 5 minutes.
• Only limit orders will be accepted for the first 1 hour.

These measures aim to reduce market volatility and ensure a smooth trading experience.

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What is Filecoin (FIL)?

Filecoin is a decentralized storage network built on the InterPlanetary File System (IPFS). It allows users to store data securely while enabling storage providers to earn FIL tokens as payment.

• Official Website: Filecoin.io
• Official X Account: Filecoin X

The cryptocurrency market is highly volatile, and investors should be prepared for rapid price fluctuations. Upbit is implementing temporary trading restrictions to create a stable trading environment. Additionally, investors should be aware of price differences between local and global exchanges.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Upbit Exchange Announces a New Listing! appeared first on Coin Engineer.

About the Walrus Project

Walrus is a decentralized data storage protocol and application development platform. It allows applications to publish, read, and program large data files and rich media content. The platform is built on blockchain technology, offering a secure, fast, and transparent way to handle data storage processes.

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Walrus aims to provide a decentralized, secure, and efficient infrastructure for the storage of digital data and media content. As Web3 projects continue to grow, decentralized storage solutions have become a high-demand area, and Walrus seeks to become a major player in this field.

Claim Your $WAL Tokens

If you participated in the Walrus airdrop campaign and completed the necessary tasks, it’s now time to claim your $WAL tokens! The tokens are being distributed to airdrop participants, and you can claim yours by visiting the official claim page.

Walrus Airdrop Claim Page

All you need to do is input your wallet address and the necessary information for the airdrop process. Once submitted, the Walrus team will securely send the $WAL tokens to your wallet. Please note that the airdrop period may be limited, so don’t miss your chance to claim your tokens!

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Walrus Airdrop Claim Page is Open! appeared first on Coin Engineer.