What is going on with SIA?
Probably, there is something prepared "in the kitchen" , and we hope it will be the good tasty bite.
Sia is reinventing cloud storage with a long term goal - to become the backbone storage layer of the Internet.
SC team announced that they r focused on long-term product development and growth.
So, now we have two complementary cryptocurrencies: Siacoin and Siafunds.
As they said, Siacoin is a utility token that allows users to buy and sell storage space on the Sia network.
It was never used for fundraising, and is mined via proof-of-work on ASICs to ensure security and decentralization.
Siafunds pay out a real-time transaction fee from all storage-related payments on the network.
So, if you hold one of the 10,000 Siafunds in existence, you'll receive a piece of this transaction fee as users pay for storage space.
Because Siafunds only generate revenue when users pay for storage, holders are incentivized to take a long-term view and directly contribute to product development and growth.
Up to 750 Siafunds will be made available to qualified investors through a modified Dutch auction, which is expected to take place in March.
Will this help SC to get better price in April and May? It is not impossible.
