Siacoin
SC#502 by market capQualifies for a record and its pages are captured daily, but the record has not been written yet.
Siacoin is for decentralised storage. We have not written its record yet, so its promises are not checked. It trades at $0.0008, #507 of all coins by size, 99% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #7 of 21 storage networks. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: decentralised storage
- ✓Real backingBacking: backed by Paradigm; trades on Crypto.com, Kraken, Binance
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $42.19M, 17 times smaller than Filecoin, the biggest coin within reach doing the same thing (Storage)
Backed by Paradigm and 1 more
- Origin6 June 2015about about 11 yearsTagged Made in USA on CoinGeckosia.tech, GitHub
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingParadigm, DragonFly CapitalInvestor tags from CoinGeckoListed on Crypto.com, Kraken, Binance, Bybit
- Standing on the recordNo recordNo dated promise to judge yet0 headlines last monthNo corrections needed so far
It is already worth more than the typical coin in Storage ($13.58M). To match the leader, Filecoin ($734.75M), its price would need to rise 1642%, to about $0.0147.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Only 0 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Decentralised storage
21 coins tagged Storage, worth $1.66B together. #7 of 21 by worth.
Storage: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Siacoin$42.19Mthis coin−9.7%no maxno record
Filecoin$734.75M17.4× bigger, +$692.57M−11.2%, gap −1.5no maxnone dated
BitTorrent$321.97M7.6× bigger, +$279.78M−1.4%, gap +8.3100% outnone dated
Arweave$177.56M4.2× bigger, +$135.37M−3.5%, gap +6.299% outnone dated
AIOZ Network$91.98M2.2× bigger, +$49.79M+0.8%, gap +10.6no maxno record
Walrus$71.38M1.7× bigger, +$29.19M−2.1%, gap +7.751% outno record
Holo$66.33M1.6× bigger, +$24.14M−0.8%, gap +9.0no max17 of 19 delivered
Ocean Protocol$38.81M1.1× smaller, −$3.38M+1.6%, gap +11.417% outno record
Storage: this coin next to Filecoin, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Siacoin says
- 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.
- Filecoin says
- Filecoin describes itself as a decentralized way to store data, as an alternative to using cloud storage companies.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
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.
Problem it says it solves: decentralised storage. 21 coins are working on it and together they are worth $1,660,927,910. This coin is 3% of that.
Where it trades: Crypto.com, Kraken, Binance, Bybit, Upbit
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Storage: this coin next to the group's largest, Filecoin.
| Siacoin | Filecoin | |
|---|---|---|
| Years trading | 11 years | 5 years |
| Major exchanges | 6 | 10 |
| Named backers | 2 | 3 |
| Headlines, last month | 0 | 86 |
| Promises delivered | no record | no record |
What it says is different: 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…
It is 5.7% the size of Filecoin. On the facts above it is behind on major exchanges, named backers, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $0.0929 on 5 January 2018. Today is 1% of that.
100%
of all SC that will ever exist is already out in public hands: 49.75B coins.
Nothing is held back. Every coin is already out.
out held back. Each dot is 1%.
Pays for every use of its network
Every transaction on its network pays a fee in it. That is the built-in reason anyone needs it.
- Every transaction on its network pays a fee in it
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 49.75Bin circulation of 49.75B total. No hard maximum is set, so more can be created.
- of its all-time high of $0.0929 on 5 January 2018. That is −99.1% from the top.
- #507by market cap, $42,189,645.
- 6 June 2015first block, as listed by CoinGecko.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Nothing in the news this month.
Why it movedDown 10% today. No headline named it in the last three days, so the move is not explained by news we can see.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
Qualifies for a record and its pages are captured daily, but the record has not been written yet.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy