- During the first half of 2018 STORcoin files for inclusion to trade on multiple exchanges around the world.
- As each exchange is approved you will be notified and have the ability to direct us where to send your STORcoins.
- When the STORcoin is listed on the exchange you then have the ability to track the market price, hold or liquidate your STORcoins as you choose.
- We recommend Myetherwallet.com as a wallet option for your STOR.
New to Cryptocurrencies?
Some basic terms to understand the general concepts. Many common terms related to corporate structure and stocks are interchangeable but here's a short list of what's unique. As this is a relatively new world it's helpful to learn the jargon of the industry.
- Wallet- Think of this sort of like your personal account where you keep your Coins and Tokens. Not exactly, but more on that below. This can be online, in a particular exchange and even on an external storage device.
- Address- A wallet address is the public portion of the two encrypted keys necessary for a holder to accept or verify a transaction. These addresses generally manifest in a long string of alphanumeric characters
- Altcoin- Just another name for Cryptocurrencies in general, typically other than Bitcoin.
- Blockchain- A blockchain is a data system that allows for the creation of a digital ledger of transactions on a non-centralized network. In layman’s terms, this means that people and computers all over work together to create a network instead of a network being made by one single person or company.
- Fork- A fork is the permanent divergence of an alternative operating version of the current blockchain. Think of this as sort of a spin off from the Coin. Holders of the coin get a proportional number of the new coin.
- Fiat- Basically just your home country currency. In the US it's the Dollar, In Europe the Euro, Japan the Yen and so forth.
- Exchange- Just like it sounds it's a place to trade your coin for another and/or into your Fiat currency with some.
- ICO- Initial Coin Offering. Similar to when a company sells shares on the US markets is called an IPO (Initial Public Offering) this is when a Coin is first issued.
- Signature- A signature is the mathematical operation that lets someone prove their sole ownership over their wallet, coin, data or on . An example is how a Bitcoin wallet may have a public address, but only a private key can verify with the whole network that a signature matches and a transaction is valid. These are only known to the owner and are basically mathematically impossible to discover.
This is just very basic info and a quick search online will lead you to many detailed articles on any of these terms.
What is a wallet?
- Online wallet: This is probably the easiest way to store your coins and tokens. But it is also the least secure. So it's not a good long term storage solution, but it is fine for buying things and funding your trading accounts. Many exchanges also have their own wallets built in.
- Mobile wallet: You can download a mobile app like Mycelium to store your spending money. It is more secure than an online wallet, but if your phone ever breaks or it gets hacked, everything in your wallet will be gone.
- Desktop wallet: Similar to a mobile app but just for desktop computers.
- Hardware device wallet: These are hardware devices that are built especially for storing cryptocurrency keys. They are safer than the options above, but they are still susceptible to the things that can damage all electronic devices.
- Paper wallet: You can also store your private key on paper. This is the most hacker proof, but it is also the least convenient. If you are going to go this route, be sure to store them in a safe place (like a safety deposit box) and don't actually use paper.