Re: [ANN] Sia - Decentralized Storage - Working Beta - Launches June 7th, 2015
When everyone refers to Siafunds, what is that referring too? The amount of KS .... or more? confused.
Sia has a second cryptocurrency, called the Siafund. 3.9% of all successful storage contract payouts go to the holders
of the siafunds. There are 10,000 siafunds total, and all 10,000 are completely premined. Sia's parent company, Nebulous
Inc., holds approximately 8750 of these siafunds. The remaining siafunds were sold in a crowdfund which helped to
finance Sia's early development. The primary goal of siafunding is to provide a way to finance the development of Sia
without relying on donations or a premine. More people using Sia means more funding available to hire more developers.
Standard transactions are not subject to the fee, and neither are failed storage contracts (where the host was offline
or lost the file).
of the siafunds. There are 10,000 siafunds total, and all 10,000 are completely premined. Sia's parent company, Nebulous
Inc., holds approximately 8750 of these siafunds. The remaining siafunds were sold in a crowdfund which helped to
finance Sia's early development. The primary goal of siafunding is to provide a way to finance the development of Sia
without relying on donations or a premine. More people using Sia means more funding available to hire more developers.
Standard transactions are not subject to the fee, and neither are failed storage contracts (where the host was offline
or lost the file).
