What is SIACOIN(SC)?

Basic information about SC

Coin name:

Siacoin

Coin symbol:

Coin introduction:

Sia is a decentralized cloud storage platform similar in concept to Dropbox and other centralized storage provider where instead of renting storage space from a centralized entity, clients rent storage space from other peers. The only difference is Sia uses blockchain to facilitate transactions Nodes provide storage to clients using the Sia blockchain as contracts. Before storing the data, the data is encrypted into many pieces and uploaded to different hosts. Siacoin is created by David Vorick and Luke Champine of Nebulous Inc. As the traditional storage platforms are higher in cost, more expensive and data is not well protected. Siacoin promises to offer secured storage transactions with smart contracts which is more affordable and reliable. Moreover, it is completely open source which means many individuals have contributed to Siacoin’s software hence there will be an active community building innovative applications on top if the Sia API. In 2018, Siacoin aims to introduce file sharing and be the go-to cloud storage platform for companies. Their goal is divided into 3 time frames which are short-term, medium-term and long-term development. Short-term development focuses on file sharing between Sia users. This allows Sia users to share files in the platform without having to take it off the cloud while increasing network utilization. Medium-term development’s goal is to enhance partnerships. This means reaching out to large companies like Netflix and Dropbox to hopefully be able to be their storage and distribution framework. Lastly, long-term development aims to expand its horizon to share files with non-Sia users and support mobile wallets.

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Current Price:

$0.001044More coin details

All-time high:

$0.092868

All-time low:

$0.000012

SC Supply Info and Tokenomics

Circulating supply:

49,751M

Total supply:

49,751M

Max supply:

Market cap:

$51.941M

Fully diluted valuation:

$51.941M

What is the outlook and future value of SC?

The current market cap of SC is $51.941M, ranked 634 in the market, showing that the market already recognizes the value of SC. When a bull market arrives, the market cap of SC may continue to grow.

Moreover, if SC can play a greater role in real-world applications—such as if the Monero developers can fully empower SC and establish partnerships with more business partners to expand its user base—then the long-term value of SC will be further enhanced.

What is the price of SC in 2027?

According to the historical price performance prediction model of SC, the price of SC is expected to reach $0.001096 at 2027.

Note: As with any crypto investment, investors should closely monitor ’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get SC?

Purchasing SC with cash is not the only way to obtain SC. If you have enough time, you can get SC for free.

Learn how to get Hot rewards for free with SC.

Earn free SC by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get SC airdrops for free.

All crypto airdrops and rewards can be exchanged for SC through LBank spot trading.

Buy SC starting from $1

What is SC used for and how to use it?

The use cases for SC may grow with the development of the crypto market and project progress. Currently, you can use SC to:

Arbitrage trading of SC

SC is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many SC trading pairs to suit your needs.

Earn yield with SC

You can also lend out SC or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your SC gains.

Send or pay with SC

If you want to pay someone with SC, you can easily and quickly send SC to them using their receiving address.

You can also visit the official website of Siacoin to learn more use cases of SC, such as whether the Siacoin project supports community/eco apps or buying physical or virtual goods with SC.