Storj is having an "ICO" on Friday. May 19th. However, the strange thing about this particular company is that Storj already has a publicly traded asset, called "Storjcoin X (SJCX)", generated from a previous ICO.
A further oddity is that Storj claims to want to raise $30 million in the ICO. This was revealed in an email that was sent to you if you were registered on Storj's mailing list.
This $30 million ask is particularly interesting as the total market cap of all the Storjcoins currently in existence only stands at about $28 million. Can Storj dump $30 million coins in a market only $28 million large and still have a successful ICO without diluting shares of current holders? The market sure seems to think so, as Storjcoin has been on a surge. Reality, however, may turn out quite differently.
