StorX (SRX) is now available on the crypto exchange Bitrue. Bitrue is the first major crypto exchange to list SRX. This token is attracting many crypto investors on its first day of trading.
Bitrue is a progressive crypto exchange platform that aims to provide the most trustworthy crypto asset management services in a simple, efficient, and secure manner. This listing of SRX on crypto exchange Bitrue will provide a way for users to use StorX.
StorX is the decentralized cloud storage network that allows users to store their data securely on the cloud. The file uploaded on StorX is split and encrypted into multiple items to autonomous storage nodes. Even more, these are operated by individual operators across the world who rent their spare disk space to develop a decentralized network of storage nodes that is used to store data.
In addition, the hosts of the storage nodes are rewarded in SRX tokens for leasing their disk space to those who need it. StorX can be considered as the Uber of cloud storage that brings those who require disk space. Also, for those who want to rent their unused disk space together.
Users can also become Node farmers on the StorX Network and contribute towards a new decentralised, secure, and affordable internet. Farmers could stake SRX tokens as part of the Farm Node Staking requirements. Tokens can be gained through exchanges or by referring friends. The minimum and maximum number of SRX tokens that should be staked are 1000 and 1,000,000 respectively. Users could be rewarded for their efforts and investment by gaining the SRX Tokens.
Notably, SRX is the utility token of XinFin blockchain’s XRC20 token. According to XDC network explorer, there are currently 535 SRX token holders. SRX contains a total supply of 500 million SRX tokens.
SRX price spiked more than 152% in a few minutes after listing. At the time of writing, SRX trades at $0.27 with a 24-hour trading volume of $39,095.35 (163,786.4999 SRX), as per Bitrue data. The SRX price ranged from 0.1 to $0.3 in one day. Moreover, the price of SRX has skyrocketed up to 164% in the last 24 hours.
— I Trade Bitcoin & XDC CryptoCurrency (@exBlockExchange) July 6, 2021
SRX is currently on the XDC network as it is deployed on the XinFin network, an open-source hybrid blockchain platform. XinFin’s native token is XDC. The XDC token was everywhere from the last 2 weeks standing among the top cryptocurrencies’ gainer list.
Moreover, the SRX transaction requires XDC, as a transaction fee for transactions whereas it can be stored in most of the XDC compatible wallets like Dcent. The holders of SRX tokens need XDC as transaction fees to transfer the SRX tokens.