TBY token

TBY, short for Terabyte/Year, is a storage token of the DeNet Storage Protocol. TBY offers real utility in DeNet's storage ecosystem and has unlimited supply.

TBY allows to:

• Automatically pay for storage services via a Proof-of-Storage contract;
• Receive payment for providing storage resources (for Datakeepers);
• Determine with 100% accuracy the amount of purchased storage/traffic without further volatility.

TBY’s value

TBY's value aligns with global storage demand and supply dynamics. By 2030, the volume of stored data will reach a 1300% increase compared to 2020, which will increase the demand for TBY and its price. However, TBY will remain constant in storage capacity (1024GB), but can vary in relation to fiat and cryptocurrencies depending on the demand.

When you open a deposit, the TBY token increases in value, and when you close the deposit, the TBY token falls in price. The rate of price growth and fall is determined by the Consensus through on-chain voting. This ensures the best possible storage price for users and rewards for Datakeepers.