StorX

The SRX token is used for several core functions within the StorX platform:

Payments: Renters pay storage fees to node operators in SRX. These transactions are facilitated through smart contracts.

Collateral: Storage providers lock SRX in smart contracts as a guarantee of service quality. Penalties apply if they go offline or fail audits.

Staking: Users can stake SRX to support network security and governance, receiving rewards in return. Early adopters receive higher yields.

Incentives: Node operators, ecosystem participants, and developers may receive SRX for participation and contributions, including data farming and adoption rewards.

Micropayments between parties use a system of payment channels, increasing transaction efficiency without congesting the blockchain.