Today I converted about 16,000 SCJX (Storj x Coin on the Counterparty blockchain) 1 for 1 to STORJ coin on the Ethereum blockchain.
Here's some simple tips and tricks if you need to do the same.
If you trust Bittrex and have your SCJX coins there, they plan on doing the transfer of your coins automatically tomorrow (July 8 at 3 PM PDT). Here's the link to that: https://support.bittrex.com/hc/en-us/articles/115000505732
I did this manually mainly because I had not yet seen that lol. I first created an Ethereum Wallet Address here: https://www.myetherwallet.com. Not all Ethereum wallets will accept the STORJ coin or other similar contracts under the Ethereum blockchain, so I used myetherwallet.com as it's one of the recommended wallets from the guide I read here on the storj.io website: https://docs.storj.io/docs/migrate-tokens-from-sjcx-to-storj
I don't recommend using MIST unless you already have it as I could never get mine to sync and have had this issue before when I've tried to use it.
The actual website to handle the conversion (once you know what's what) is here: https://converter.storj.io/. It gives every address a different burn address to send the SCJX coins to. Then it keeps track of that and whatever it sees hit that address it will send the new STORJ coin to your supported Ethereum Wallet. It says to allow up to 3 days for conversion but mine only took 2 hours.
I imagine Storj will do very well on Ethereum. I see this move as something that will make both coins stronger. Yes, Storj is tiny in market cap compared to Ethereum, but Ethereum will now be about to boast that it has a coin (Storj) which will enable companies to access decentralized cloud storage for roughly half the cost they're currently paying. The added benefits of redundancy and block chain encryption are nice as well.
I'm holding a lot of Storj in the hopes that it goes up 10 fold or better over the next year. There is a risk in anything, but I like my odds here. Please do your own research. Steem on!
