The circulation of Siacoin (SC) is 100 billion, and the distribution method is: 75% miner block rewards and 25% Sia Technology Foundation are used for platform development and promotion. It is expected to be issued around 2052.
SC coin issuance
Issue: 100 billion
Detailed description:
Siacoin (SC) is a decentralized cloud storage platform based on blockchain. Its native token SC coin is used to pay for storage and retrieval services on the platform.
Issuance Allocation:
- 75% allocated to miners as block rewards
- 25% reserved for Sia Technology Foundation for platform development and promotion
Issuance Schedule:
- Siacoin was first issued in June 2015
- It is not expected that all coins will be issued until around 2052
Uses:
SC coins are used for payments on the Sia network for several purposes, including:
- Storage fees: Users need to pay SC coins to store files on the Sia network.
- Retrieval fee: Users need to pay SC coins to retrieve files from the Sia network.
- Staking: Miners need to pledge SC coins to participate in blockchain verification.
Circulation:
As of February 2023, Siacoin’s circulation is approximately 45 billion, accounting for 45% of the total circulation.
As of 20:00 on July 4, 2024, Siacoin (SC) is trading at $0.0042049300477214 USD, with a 24-hour trading volume of $4134098.7017281 USD. Siacoin price fell by 5.5545422% in the past 24 hours. The circulating supply of SC is 57,578,994,669.834, with the maximum supply and total supply currently unknown. At current prices, Siacoin has a circulating market capitalization of $242,115,644.80478.
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