STORJ Token Lockup Update

November 16, 2022

As we report every quarter, Storj has a long-standing practice of locking tranches of a determinate number of tokens for several reasons including providing transparency and predictability to our ecosystem.  Occasionally, we decide to leave a tranche unlocked, as we have done three times in the past four years including once in 2020 and twice in 2022.  We do this for a number of reasons including in order to support growth.  The details and reasons for such decisions are provided in token reports or blog posts on our website.  Similar to prior announcements, we now are providing notice of our intention to leave a tranche unlocked.  Due to recent and unforeseen events impacting digital assets,  Storj intends to leave unlocked the tranche that opens at the end of Q4 of 2022 as a precautionary measure.  We will report in our Q1 2023 token report if any of the unlocked tokens are transferred into operational reserves.  The token report that was issued for Q1 2022 on November 2, 2022, predated the recent changes prompting this announcement.  Consequently, this announcement should be read as an amendment to the token report issued earlier this month. All other information in that report, including any and all disclaimers, remains unchanged.

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