StorX
SRX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
StorX (SRX) is a decentralized cloud storage protocol operating on the XDC Network. A data gap was identified in Community Support (scored -1.0 due to an absence of verifiable project-specific community metrics), and its weight was proportionally redistributed across the remaining five sections. The project demonstrates ongoing utility via node-operator infrastructure and storage integrations, but engineering activity remains low with no verifiable recent commit or release records. Tokenomics reflects a fixed supply of 500M tokens but lacks disclosure regarding circulating supply and vesting schedules. In Market and Use Case, SRX faces entrenched competition (such as Filecoin and Arweave) with modest liquidity and ticker ambiguity. Governance remains centralized under a public team with limited verifiable track records. On security, SRX holds a BBB (75.10) CertiK Skynet score with no recorded exploits, though it lacks a published third-party smart contract audit. No qualifying red-flag events were established.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About StorX (SRX)
StorX (SRX) is a decentralized cloud storage protocol operating on the XDC Network. The network allows distributed storage node operators to provide capacity, utilizing the SRX token as a utility mechanism for storage payments, staking, and provider compensation. The token has a fixed total supply of 500 million units, though project documentation contains discrepancies regarding its blockchain deployment, with legacy descriptions referencing an Ethereum ERC-20 standard despite its verified deployment on the XDC blockchain.
The project is managed by founder and CEO Handy Barot alongside Ludwig Klatzka, Alexandr Grove, and Prashant Acharya. Governance is centralized under project leadership, with no verified on-chain decentralized autonomous organization (DAO) or public voting framework. The protocol maintains live node-operator infrastructure and documented an enterprise integration with Acronis in July 2025. StorX operates in the decentralized file-storage sector, competing alongside larger protocols such as Filecoin, Arweave, Storj, and Sia.
From a security and transparency standpoint, StorX has no recorded protocol exploits, smart contract hacks, or regulatory enforcement actions. However, the project lacks a publicly cataloged, third-party smart contract audit report, despite maintaining an active monitoring score of 75.10 (BBB tier) on CertiK Skynet. Additional operational risks include an absence of recent verifiable code commits or development releases, as well as limited disclosure surrounding circulating supply figures and token vesting schedules.