What is StorX Network (SRX)?

StorX Network is a blockchain-based decentralized cloud storage platform. Categorized under DePIN (Decentralized Physical Infrastructure Networks), the project aims to disrupt the $200 billion traditional cloud storage industry. Built on the XDC Network infrastructure, StorX encrypts user data, splits it into fragments, and distributes these fragments across independent storage nodes worldwide. This system eliminates single points of failure, data breaches, and censorship risks.

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.

Table of Contents

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:

Upload & Encryption: Files are encrypted with AES-256 and split using erasure coding.
Distribution: Fragments are sent to independent nodes worldwide.
Storage & Access: Node operators earn $SRX for hosting storage.
Security: Data is redundant; if one node fails, others compensate.
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

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.

Altcoin Projects, Project review