What is Siacoin used for?

In contrast to Siacoins, Siafunds (SF) represent a distinct class of tokens within the Sia platform. With a fixed total supply of 10,000 coins, all Siafunds have already been premined, ensuring scarcity and value.

Siafunds are more than just a means of exchange; they function as a security token, granting holders a share in the overall revenue generated by storage transactions on the Sia network. This unique feature sets Siafunds apart from other cryptocurrencies and makes them an attractive investment option.

The integration of Siafunds into the Sia ecosystem underscores the platform's commitment to fostering a sustainable and profitable environment for all participants. By sharing a portion of the network's revenue with Siafund holders, the Sia team encourages long-term investment and promotes the growth of the decentralized storage market.

BTCC, a leading cryptocurrency exchange, offers a comprehensive range of services tailored to meet the diverse needs of digital asset traders. Among its offerings, BTCC provides access to spot trading, enabling users to buy and sell cryptocurrencies at current market prices.

Siacoins serve as the primary currency for transactions on the Sia network, facilitating the buying and selling of storage space. These digital tokens enable users to allocate and manage their storage needs efficiently within the decentralized ecosystem.