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Siacoin SC

Siacoin Price (SC)
$0.0046
4.37% Buy SC Now

0.00000129 ETH

0.0000000703 BTC

Buy SC Now
Low: $0.0044
High: $0.0046
24h
Market Cap
$263,126,072
4.37%
Fully Diluted Market Cap
$263,449,077
4.37%
Volume
24h
$3,983,339
45.70%
Volume / Market Cap
0.0151
Circulating Supply
57,517,123,287 SC
Max Supply
--
Total Supply
57,545,115,000

Siacoin (SC) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.12%

Joined at Jun 29, 2015

Following

1,520

0.00%

Tweet count

4,784

0.00%

Siacoin reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Siacoin (SC) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆 Submit Now

Siacoin telegram
Telegram Stats

Members

-

Title

-

Currently, official Siacoin (SC) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆 Submit Now

Siacoin traffic
Website Traffic
Visit Website

Website Rating (DR)

73 / 100

0.00%

Ahrefs Rank

59,830

2.45%

Organic Traffic (mo.)

4,957

21.65%

Siacoin github
GitHub Organization
Visit GitHub

Public repos

Created at Sep 21, 2020

Type

Organization

Siacoin github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Siacoin (SC) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆 Submit Now

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 135,067


Live SC Price Analysis

The current real time Siacoin price is $0.0046, and its trading volume is $3,983,339 in the last 24 hours. SC price has grew by 4.37% in the last day, and decreased by 19.74% in the last 7 days. It’s important to note that current Siacoin market capitalization is $263,126,072, Talking about circulating supply, SC has 57,517,123,287 coins. Currently, Siacoin rank on the market is #185.

Siacoin price today is 95.90% below all time high, and it is 40,348.02% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling SC are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Siacoin?

Siacoin or SC is the utility token native to the Sia platform. The latter is a completely decentralized project powered by blockchain technologies. Sia serves as a cloud storage provider. To put it simply, it’s a blockchain-based alternative to centralized storage providers such as iCloud, Google Drive, and Dropbox. 

The main selling point of Siacoin is that it allows users to lend their spare storage space and earn crypto rewards. On the other hand, users who need storage space can borrow it with Siacoin tokens.

Besides SC, the Siacoin network is powered by another native token - SiaFunds or SF. It’s a revenue-sharing that provides holders with a share of transaction fees paid out in SC whenever there’s an upload. There is a max cap of 10,000 SF tokens.

You can obtain Siacoins by mining or purchasing them on a centralized or decentralized exchange platform.

There is no pre-determined total supply of Siacoin tokens. Instead, the project implements an unlimited token supply model. All Siacoins are mined using the Proof-of-Work (PoW) consensus mechanism.

According to the Siacoin whitepaper, its official currency is high in volatility, especially at the starting stages of the project. This means that the Siacoin price often changes in great amounts.

Due to high volatility, users who provide storage are advised to increase the price of their storage space to hedge the effects of volatility.

You can have a more thorough look at the Siacoin price history and the current Siacoin price in the graph above.

What are the Main Features of Siacoin?

As discussed in the What is Siacoin section, we’ve established that Siacoin is a blockchain-based cloud storage provider. It’s an open-source project which means that anyone can make contributions.

There are 2 roles within the Siacoin network:

  • Renters pay a fee to hosts so they can upload their data on the Sia network;
  • Hosts provide storage space and collect fees. They control the price for renting out storage space, contract fees, collateral amount, and bandwidth price.

For a fee, users can store their data in rented cloud storage. This data is encrypted into 30 segments on the Sia blockchain. These segments are hosted by different storage providers.

A smart contract is created between a renter and a host whenever a renter uploads data to the host’s storage space. It determines the amount of data, time period, and fee for the hosting period.

Both renters and hosts lock up a set amount of Siacoins in the smart contract in the form of collateral during the entire hosting period. Renters are responsible for covering the network fees which include contract formation fees and bandwidth fees.

After the set time period passes, the smart contract checks whether the host has kept their end of the bargain. If the uploaded data is available, they receive their payment plus collateral deposit. However, in case the host lost the data by being offline or due to another reason, they lose their deposit and don’t receive payment.

One of the main goals of the Siacoin crypto project is to become a major player in the cloud storage market.

Who Developed Siacoin?

The idea behind the Siacoin crypto project was born in 2013 by two computer science students David Vorick and Luke Champine. It was announced in May 2014, however, due to unknown reasons, the project was canceled and re-announced the next year and launched in June 2015.

Both David Vorick and Luke Champine successfully completed their undergraduate studies at the Rensselaer Polytechnic Institute. Prior to the launch of Siacoin, the duo co-founded Nebulous which was divided into Skynet Labs and the Sia Foundation in 2021. Nebulous played a significant role in the development of Siacoin. 

Skynet Labs has built several products on the Siacoin network such as SiaStream and the Skynet network.

The core team of Siacoin consists of individuals based in the United States and the European Union.

There have been several significant investments put into the Siacoin project. This includes a seed round investment of 750,000 US Dollars from Xiaolai Li and Procyon Venture. Bessemer Venture, Dragonfly Capital, and other investors participated in a pre-Series A round and raised 3,500,000 US Dollars.

Don't forget to check out the current Siacoin price on the graph above if you're considering purchasing this cryptocurrency.

What's Siacoin trading volume in the last 24 hours?

SC has a trading volume of $3,983,339 in the last 24 hours.

What's Siacoin highest price ever?

SC has a highest price of $0.1117, which was reached on Jan 06, 2018 (6 years 5 months ago).

What's Siacoin lowest price ever?

SC has a lowest price of $0.0000113, which was reached on Dec 01, 2015 (8 years 6 months ago).

What are the best exchanges for buying and selling SC?

Currently, the most active and dominating exchanges for buying and selling Siacoin are Binance, Kraken & Kucoin. The most popular Siacoin trading pairs are SC/KRW (on Upbit ), SC/USDT (on Binance ), SC/USDT (on Huobi Global ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping SC?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Siacoin. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Siacoin project's Circulating Supply has been verified and is equal to:

Circulating Supply

57,517,123,287 SC

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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