What is the use of SC coin?

The necessity of Siacoin (SC) is paramount for renters seeking to store files on the network. It is a prerequisite for accessing the decentralized storage services offered, ensuring a seamless transaction process between renters and hosts.

BTCC's spot trading platform provides users with a user-friendly interface and robust security features, enabling them to buy and sell Siacoin (SC) and other cryptocurrencies seamlessly. Its futures market, on the other hand, offers advanced trading tools and risk management options for experienced traders.

Renters are required to acquire and utilize Siacoin (SC) as the exclusive currency for fulfilling their storage needs. This mechanism promotes the circulation and value of the token within the ecosystem, fostering a self-sustaining economy.

The adoption of Siacoin (SC) as the sole means of payment underscores its importance in facilitating secure and efficient file storage transactions. It eliminates the need for intermediaries, ensuring a direct and transparent interaction between renters and hosts.

Siacoin (SC) functions as a utility token specifically designed for the network it serves. It holds a unique position as the sole form of payment accepted by users engaging in renter or host agreements within the blockchain ecosystem.