It’s priced at the BTC equivalent (live exchange rate at time of payment) of $0.05 USD per GB per month. So it costs 5 cents to store 1 GB for 1 month. Or 60 cents to store 1 GB for one year.

It’s like one of those pay as you go phones - there’s no automatically recurring charges. You just top it up with sats whenever you need to keep your balance positive. And you only get charged for whatever is currently hosted, so if you delete stuff that you don’t need to be hosted anymore that will extend your credit. Data transfer is free.

The reason it works like this is because it made the most sense to replicate the pricing structure of the underlying object storage (Cloudflare R2)