About the 9,800 BTC Goal View this email in your browser About the 9,800 BTC Goal

Why 9,800 BTC

Because there has been a lot of confusion about the 9,800 BTC goal, we wanted to be very clear that this is a long-term goal. Most crowdsales choose goals that they intend to reach in a specific time period, but in reality these are highly unpredictable. Instead, we chose a goal that was overly optimistic. That is, we never intended to reach 9,800 BTC during this crowdsale. All of the crowdsale participants will receive early access to our software, such as Metadisk and DriveShare. We have a lot of plans for leveraging the unsold Storjcoin X from our crowdsale to develop and support the network and related applications through their early stages. So what exactly happens to these coins?



Early Farming Rewards

A portion of the remaining coins will be used to reward users in the early DriveShare network for the space that they are offering and for testing the network. This amount will be determined once the crowsdale is complete. We feel that simply deciding this amount arbitrarily, without knowing how many are remaining, would be irresponsible. Furthermore, we believe we should have an in-depth and open discussion before making this important decision, just like the one we had when we deliberated on which protocol to use for SJCX. Please make sure you are registered on our official forum http://storjtalk.org to be a part of that discussion.



Future Crowdsales

Remaining portions of the coins will be distributed during future crowdsales, mostly for new storage platforms. We are exploring many different models for this. Applications such as Metadisk should run independently, but on the Storj platform. If you have been watching the forums, you have also seen the demos for decentralized video, decentralized audio, and decentralized image applications. These could become game changing applications whose own crowdsales could be supplemented by Storjcoin X, as users will need Storjcoin X to run and use these applications on the Storj network. This will also provide value to Storj because they will ensure the storage space that you sell to the network is being bought and used.



Thanks for all your help and support. As always, you can contact us on http://storjtalk.org , through social media, or by sending us an email at hello@storj.io .

PARTICIPATE NOW