Storjcoin is used to pay farmers, and to buy storage.  You can also buy storage with Bitcoin and USD via credit card.

Storjcoin will also be used as part of smart contracts in the future, details are currently not available.


The transfer problem has to do with the Bitcoin transactions being backed up.  This is because Counterparty uses the Bitcoin block chain.  And Storjcoin uses Counterparty.   This is one reason why they are switching to the Ethereum block chain, so transactions are more immediate.