SiaCoin (SC) Listed On Binance
The world’s favorite alt coin cryptocurrency exchange Binance has now added Siacoin (SC) to its list of growing tokens to be traded within the platform.
The Siacoin token will start out with three trading pairs as usually Binance does in SC/BTC, SC/ETH and SC/BNB (which is Binance exchange’s native token). The trading pairs will be ready on June 14, 2018 at 11AM UTC.
— Binance (@binance) June 14, 2018
Siacoin is known as an open source decentralized data storage platform that utilizes blockchain technology to secure files and information which encrypts and distributes your files across their network. They want to specialize in underutilized hard drive capacity that will then turn into a marketplace to guarantee users and token holders the best cloud storage providers possible.
You have complete control of your private keys and own all of your own data in which no third party can see or access your files unlike the traditional providers in the space. As an example according to the official Siacoin website, storing 1TB of files with their platform will be about $2/mo whereas Amazon will be $3/mo.
At the current time of the announcement coming from the official Binance twitter account the SC token has $0.014771 which is a +(13.69% USD) in the last 24 hours and surely will see the “Binance effect” happen to its pricing.
What do you guys think about Binance listing Siacoin (SC Token) to their exchange? Will the simple decentralized storage blockchain project be one of the alt coins that make a big surge in the second half of the year?
Nice another POW coin added.
— AltsBryan⚡ (@AltsBryan) June 14, 2018
One thing is for sure, being on Binance gives alot more traders access to using and investing into their coin. Stay tuned as we update you with more Siacoin updates and Binance listings.
You can read the full announcement here.