StorageChain (WSTOR) Tokenomics
StorageChain (WSTOR) Information
StorageChain, based in Los Angeles, CA, was founded in November 2022 to provide next-generation decentralized storage and file sharing solutions. Our mission is to revolutionize the web2 cloud data storage industry by leveraging innovative web3 technologies that ensure data security, privacy, file upload speed, and accessibility. The first 150GB of storage space is provided free to the user.
At StorageChain, we understand the importance of decentralized storage in an environment of massive global data breaches. To enhance the capabilities of our storage solutions, we have integrated the InterPlanetary File System (IPFS) into our product ecosystem. IPFS is a distributed file system that allows for an ultra secure, peer-to-peer storage and retrieval of data. By leveraging IPFS, we provide our customers with a robust data storage infrastructure that ensures file upload speed, data integrity, availability, and security. The cost of the service is about 75% less than web2 cloud storage solutions.
The StorageChain technology is built on the Substrate framework, which provides a flexible and scalable foundation for blockchain development. Our native chain utilizes the Ethereum Virtual Machine (EVM), enabling compatibility with Ethereum-based blockchain and smart contract features. This compatibility empowers our users to leverage the full potential of standardized Ethereum functionalities, including the creation of wrapped coins (ERC-20) and the minting of non-fungible tokens (ERC-721).
Our storage node network, consisting of several thousand storage/validator nodes, forms the backbone of our decentralized storage ecosystem. Through the utilization of a Proof of Stake (POS) consensus mechanism, we ensure the efficient and secure operation of our network while promoting energy efficiency and reducing environmental impact. Project participants can earn STOR coins by providing storage and bandwidth services hosted on their own local or virtual machines.
StorageChain (WSTOR) Tokenomics & Price Analysis
Explore key tokenomics and price data for StorageChain (WSTOR), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
StorageChain (WSTOR) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of StorageChain (WSTOR) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of WSTOR tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many WSTOR tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand WSTOR's tokenomics, explore WSTOR token's live price!
WSTOR Price Prediction
Want to know where WSTOR might be heading? Our WSTOR price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.