Siacoin
SC
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.
AI Analysis
Comprehensive evaluation of the token
Overall Analysis
Siacoin is a well-established decentralized storage token with robust ongoing development (8/10) and a strong security posture (8/10). Its inflationary yet tapering tokenomics (7/10) tie supply to network usage, while the core utility in a functioning storage marketplace underpins demand. Governance and roadmaps are transparent, though decision-making remains off-chain and somewhat centralized (7/10). Community engagement is steady but modest (6/10), and Siacoin faces stiff competition in an oversaturated storage sector (7/10).
Strengths
- High development velocity, mature CI and release management
- Active bug bounty program and responsive vulnerability handling
- Native utility in a live peer-to-peer storage network
Weaknesses
- Moderate community size and limited mainstream traction
- Inflationary supply and mining centralization risks
- No on-chain governance, potential single-point control
Outlook Siacoin remains a credible play on decentralized storage adoption, but growth may be constrained by competition and centralization vectors.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Siacoin (SC)
Siacoin (SC)
Symbol: SC
Overview
Siacoin is the native cryptocurrency of the Sia network, a decentralized storage platform built on blockchain technology. It enables users to rent out unused disk space or secure distributed storage through a peer-to-peer marketplace.
Key Features
- Decentralized Storage Marketplace: Connects hosts and renters via smart storage contracts.
- End-to-End Encryption: Files are encrypted client-side before distribution.
- Redundancy & Reliability: Data is split into segments and stored across multiple hosts.
- Cost Efficiency: Pricing driven by supply and demand dynamics.
Technical Details
- Consensus Mechanism: Proof-of-Work
- Block Time: ~10 minutes
- Token Supply: Governed by mining rewards with scheduled decreases
- Storage Contracts: Enforce uptime and data integrity through cryptographic proofs
Use Cases
- Personal and enterprise data backup
- Storage layer for decentralized applications
- Archival solutions for media, research, and archival projects
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