Contributions made from now on will be considered as donations, not part of the crowdsale. Those contributing before the deadline received an amount Storjcoin X (SJCX), redeemable for digital assets traded over the Counterparty protocol.
These first round of the crowdsale would have continued until 1800 BTC is received, during which a 10% bonus would be awarded over and the above the going SJCX-BTC exchange rate. During the 2nd phase until 4800 BTC, a 5% bonus is awarded, and thereafter no bonus.
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The funding is intended to build Storj’s decentralized cloud storage infrastructure. Participants are awarded early access to the company’s DriveShare, whereby you can lease out your excess disk space, and MetaDisk apps.
The project aims to decentralize the storage of digital private data, somewhat similar to MaidSafeCoin.