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View ChartSiacoin (SC) is the native utility token of the Sia network, a pioneering decentralized cloud storage platform that allows users to rent out unused hard drive space or purchase storage space in a secure, private, and cost-effective marketplace.
SC serves as the medium of exchange for all storage-related transactions on this decentralized platform.
| Item | Details |
|---|---|
| Name (Ticker) | Siacoin (SC) |
| Alternative Names | Sia Coin |
| Consensus Mechanism | Proof-of-Work (PoW) |
| Smart Contracts | Native support for storage contracts (via the Sia blockchain) |
| Category | Decentralized Storage, Infrastructure |
| Hash Algorithm | Blake2b |
| Block Reward | Dynamic, subject to network difficulty and a built-in miner subsidy |
| Max Supply | No hard cap; inflation is managed through a built-in burn mechanism tied to storage contract fees. |
| TPS | Designed for storage contract efficiency rather than high transaction throughput. |
| Scaling Solution | Layer 1 blockchain optimized for its specific use case of decentralized storage. |
| Blockchain | Sia Blockchain |
The Sia project was conceived by David Vorick and Luke Champine of Nebulous Inc. (now the Sia Foundation). The idea originated in 2013 at a HackMIT event, with the whitepaper published in 2014 and the mainnet launching in 2015. The project's vision was to create a decentralized alternative to cloud storage giants like Amazon S3 or Google Cloud by leveraging blockchain technology and underutilized global hard drive space. In 2021, governance and the core protocol development were transitioned to the community-run, non-profit Sia Foundation, while Nebulous Inc. continues to develop commercial applications on the network, such as Skynet.
The Sia network operates by creating a decentralized marketplace for storage. Users who need storage space (renters) pay hosts (those offering hard drive space) in SC tokens. The process is secured and automated through file contracts, which are a form of smart contract native to the Sia blockchain.
Siacoin's primary value stems from its practical utility in creating a trustless, decentralized storage market with distinct advantages over centralized providers.
SC is the designated currency for all economic activity within the Sia ecosystem.
The Sia ecosystem has evolved beyond its core storage layer. The Sia Foundation focuses on core protocol development and decentralization. A major development is Skynet, a suite of decentralized applications and protocols built on top of Sia. Skynet enables decentralized web hosting (Skapps), content distribution, and data portals, greatly expanding the use cases for the underlying storage network. The community is also actively developing improved user interfaces, developer tools, and integrations to make decentralized storage more accessible to mainstream users and businesses.
Siacoin is mined using the Blake2b proof-of-work algorithm. To mine SC, you need specialized hardware (ASICs) optimized for this algorithm, as GPU mining is no longer profitable. The process involves:
Securing your SC involves responsible key management.
SC is a utility token listed on several exchanges. For a seamless trading experience with high liquidity, consider using a major platform like BTCC.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for SC are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
Siacoin (SC) is the native utility token of Sia, a decentralized cloud storage network launched in 2015. Sia uses a proof-of-work consensus similar to Bitcoin's, and miners generate new SC by verifying transactions and producing blocks. Because Siacoin has no maximum supply, issuance is continuous, which creates persistent inflation pressure on SC.
Unlike Bitcoin's halving schedule, Siacoin does not rely on a fixed cap to drive scarcity. Instead, demand comes from renters paying hosts in SC for storage, while supply grows with every mined block. When network usage and storage contracts expand faster than issuance, price can rise; when inflation outpaces demand, SC tends to face downward pressure.
For long-term holders, the key variables are real storage demand, host economics, and whether the Sia Foundation can grow the ecosystem enough to absorb new supply. On BTCC, traders can express these views through SC/USDT perpetual contracts.
Siacoin (SC) derives value from usage of the Sia decentralized storage network. When the Sia Foundation ships protocol upgrades, improves scalability, or expands the grants program started in October 2022, it can attract more renters and hosts. More storage contracts mean more SC is locked and spent on the network, which supports demand.
Ecosystem growth also matters. Sia competes directly with centralized providers like Amazon, Google and Microsoft, so adoption by developers, DeFi projects and storage-focused DApps increases the utility of SC. The 2025 rebranding and community initiatives are examples of efforts to raise visibility.
Unlike Ethereum-style networks, Sia does not use an EIP-1559 burn mechanism, so upgrades mainly affect demand rather than reducing supply. Traders watching SC should track network capacity, node count, hosted data, and grant-funded projects as leading indicators of long-term value.
A spot ETF would let traditional investors gain exposure to Siacoin (SC) through regulated brokerage accounts, without managing wallets or private keys. For an asset like SC, which trades on roughly 127 to 130 active markets, an approved ETF could meaningfully broaden the investor base.
Institutional adoption typically raises liquidity, improves market depth, and adds legitimacy. Sustained inflows from funds, family offices, or corporate treasuries can create a steadier price floor and reduce the impact of retail-driven volatility. It can also encourage custodians, auditors and index providers to support SC.
However, no spot ETF for Siacoin is confirmed in the reference data, and approval would depend on regulatory clarity. Even without an ETF, growing institutional interest in DePIN and decentralized storage could benefit SC. Traders can position via SC/USDT perpetual contracts on BTCC while monitoring ETF-related news.
Siacoin (SC) and Bitcoin (BTC) are both proof-of-work networks, but they serve very different purposes. SC powers a decentralized cloud storage marketplace, while BTC is primarily a store of value and settlement network. The table below highlights the main differences.
| Dimension | Siacoin (SC) | Bitcoin (BTC) |
|---|---|---|
| Core Positioning | Decentralized cloud storage marketplace | Digital store of value and settlement layer |
| Supply Model | No maximum supply, continuous issuance | Capped at 21 million BTC |
| Consensus | Proof-of-work with file contracts and storage proofs | Proof-of-work, longest-chain rule |
| Main Use Cases | Renting storage, hosting files, paying hosts | Payments, value storage, collateral |
In short, SC is a utility token tied to storage demand, while BTC is a monetary asset. Both can be traded on BTCC via perpetual contracts.
On BTCC, SC/USDT perpetual contracts support stop-loss (SL) and take-profit (TP) orders, plus a trailing stop to protect gains. The logic depends on whether you are long or short.
Always size positions so a single SL hit does not wipe out your account, and remember that leverage amplifies both gains and losses.
The current price of Siacoin (SC) is $0.000999, with a market cap of $54.33529M and 24h trading volume of $8.853605M. The circulating supply is 56.03B (max supply ∞).
Because Siacoin has no maximum supply, its fully diluted valuation tracks closely with circulating market cap over time. Price, volume and supply figures update in real time as market conditions change.
To see live quotes, depth and funding rates, visit the SC/USDT perpetual contract page on BTCC. The order book there shows current bids and asks, which can help you plan entries, exits and stop levels around real liquidity.
Siacoin (SC) is influenced by three main layers of drivers:
Traders on BTCC often combine these fundamentals with technical analysis on SC/USDT perpetual contracts.
The all-time high of Siacoin (SC) is $0.111708, reached on 2018-01-06 18:05; the all-time low is $0.000011, recorded on 2015-12-01 06:05.
These extremes frame the full volatility range of SC. The drawdown from the ATH illustrates how cyclical and sentiment-driven altcoin markets can be, while the distance from the ATL shows the long-term upside captured by early holders.
For traders, ATH and ATL levels often act as psychological reference points. Price behavior near these zones can signal accumulation, distribution or trend continuation. To inspect the full-cycle chart and historical candles, open the SC/USDT perpetual contract page on BTCC and switch to the daily or weekly timeframe.
Reading a Siacoin (SC) candlestick chart starts with the basics:
Combine these tools on the SC/USDT chart on BTCC before placing futures orders.
You can short Siacoin (SC) without holding any spot SC, by using BTCC's SC/USDT perpetual contracts. The idea is simple: open a short position at a high price, then close it (buy back) at a lower price to lock in the price difference as profit.
This gives traders a two-way opportunity. In bear markets or during pullbacks, shorting lets you profit from downward moves instead of sitting in cash. It also lets you hedge a spot SC position without selling it.
To manage risk, always set a stop-loss above a key resistance level and a take-profit near support. Because perpetual contracts use leverage, losses can exceed your initial margin if you do not use stops. Start with low leverage and small size while you learn how SC behaves during volatile sessions.
Yes. BTCC offers flexible leverage on Siacoin (SC) perpetual contracts, up to 50x on the SC/USDT pair, subject to platform risk rules and position limits. Higher leverage means you can control a larger position with less margin, but it magnifies both gains and losses.
A 1% adverse move at 50x leverage can wipe out a large portion of your margin, so risk management is essential. Beginners should start at 2x to 10x and always attach a strict stop-loss to every trade.
Before increasing leverage, practice on the BTCC demo account with virtual funds, and review the margin mode (isolated vs cross) and liquidation price shown on the order panel. Treat leverage as a tool for capital efficiency, not as a way to chase oversized returns.
After registering on BTCC, you can switch to Demo Trading mode and receive virtual funds, such as 100,000 USDT, to practice without risking real capital. The demo environment uses real Siacoin (SC) market data, so prices, order books and funding rates behave like the live market.
In demo mode you can practice:
Once you are consistently profitable in the demo account and comfortable with the interface, you can move to live trading with a small amount of real capital and low leverage.
Follow these four steps to buy and trade Siacoin (SC) on BTCC:
Start with small size and low leverage while you learn how SC moves. Always use stop-loss orders, and consider practicing on the BTCC demo account first if you are new to futures trading.
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