Siacoin SC
Report IssueSia is the leading decentralized cloud storage platform. No registrations, no servers, no trusted third parties. Sia is using blockchain technology to create a storage marketplace that is more secure and affordable than traditional cloud storage providers.
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$0.003
-3.06%
#239
Storage
ByBit 
Gate 
Score Sentiment Neutral
Fundraising Statistics
SCSiacoin
USDCUSD Coin
Short Review Siacoin
Crypto project Siacoin (SC) is classified as a Storage. Siacoin is a Utility token that is hosted on the Ethereum Network. The current total supply is 51.48 B SC (Circulating Supply + Tokens yet to be released - Burned Tokens). The level of social activity of the Siacoin project is assessed as Medium.
Siacoin ICO Overview
Estimated date for the public token sale: 22 September 2020. (SC)
SC Price Chart
The launch of SC token trading took place on 26 August 2015.
Fundraising Rounds
Total amount of funds raised by the Siacoin project is $3.00 M.
| Investment Round | Date | Price | Funds Raised |
| Seed Round | September 22, 2020 | -- | $3.00 M |
Siacoin Investors
Bain Capital Tier 1
Paradigm Tier 1
Dragonfly Capital Tier 2Detailed review of Siacoin
Sia is a decentralized storage platform that is secure blockchain technology. There are several server storages and hard drives united into a single network. Each provider of free space on this network receives a commission. The main idea of the Sia project is to create a marketplace for data storage using underutilized hard drive capacity. This marketplace operates without intermediaries and there is no interference from third parties. No person or organization can censor or deny access to data - not miners, not developers, not any government. Sia competes with traditional cloud storage providers by offering reliable and affordable storage operations using smart contracts.
Siacoin (SC) Project
The first Siacoin (SC) was introduced to the cryptocurrency community in 2015. This happened with the launch of the Sia network. The idea for Sia originally emerged in 2013 at HackMIT, an annual event organized every fall by students at the University of Massachusetts. Institute of Technology. Sia was invented by David Worick and Luc Champin. After some time, the team evolved into the Boston team Nebulous, the main developers of Sia.
Key Team Members: David Worick - Co-Founder, CEO and Lead Developer. He holds a BS in Computer Science from Rensselaer Polytechnic Institute and is a leading blockchain and Proof of Work architect. Luke Champine is co-founder and core developer. Luke is a protocol design expert and Golang contributor. Chris Schinnerl is a Sia blockchain developer and head of our EU team. Chris has been with Sia since 2017. Manasi Vora is the Head of Product Strategy at Nebulous, responsible for business development. Researched work on tokenized assets at MIT DCI. And a team of eight other developers and operations specialists.
Advantages of Siacoin (SC)
- Control of your funds and data without the influence of third parties. Only you manage your files, you cannot deplatform or censor.
- Fair distribution of rewards and payouts. Miners receive coins for producing blocks, storage hosts receive income from renting and selling data storage resources, and tenants make payments for the acquisition of resources.
- Creation of smart contracts for data storage. In this case, the SC can be transferred to another user or can be part of an agreement for storing data on the network.
- The network operates based on the Proof-of-Work protocol. This guarantees reliability and efficiency.
Disadvantages of Siacoin (SC) - Overheating of equipment. Mining SC coins takes both time and contributes to significant heating of the equipment, which should be taken into account before starting mining Siacoin.
- Taxation. When converting Siacoin into fiat currencies, your data is sent by exchange services to the tax authorities if such a request is made.
- Energy consumption. Constant operation of the equipment entails represents a large amount of electricity bills.
- Overheating of equipment. Mining SC coins takes both time and contributes to significant heating of the equipment, which should be taken into account before starting mining Siacoin.
- Taxation. When converting Siacoin into fiat currencies, your data is sent by exchange services to the tax authorities if such a request is made.
- Energy consumption. Constant operation of the equipment entails represents a large amount of electricity bills.
