[ANN][POW][AIRDROP] ScPrime - Decentralized Storage

[FaustianAGI]

So based on this this tone, you are saying that 2 kind of sia is working together ? or it is not ? i do not understand what does that mean by 'friendly terms' with original Sia. and how about another one ? did they claim to be the 'real' sia project, just like BCH did ? let say, you and them are not working together. then what is the difference between your project with the others 2 ?

Our project is built to develop the applications on top of the Sia protocol that were always envisioned by the Sia founders. We seek to work hand in hand with the Sia core team to make sure that Sia-based networks come to dominate the decentralized storage space. We cannot succeed unless the Sia core team succeeds and we believe the reverse is also true.

At the same time, the other 2 projects are not friendly with the core team. You would have to ask each of them directly why and what their purpose is. In our case, if you are a Sia supporter, you should find it easy to support our project.

[FaustianAGI]

You have written, "Our main directive is to develop a product package on top of the Sia protocol, supporting the main protocol and the Sia command.". The Sia platform was greeted by the community with enthusiasm. But, the problem is in the current situation - a general fall in the cryptocurrency market.

It's really hard to keep up with the enthusiasm, when the cryptomarket is in a situation like today.
I think, that a lot of people have lost their enthusiasm.
everyone is waiting for growth - which is not.
it is psychologically difficult.

You are both quite right in that these are difficult days. But this is the time for buidling and that is our mission. Sometime next year we'll look back on today and realize that difficult times are fleeting and things usually get better. When they do, we will be there with a cool product for sale.

[FaustianAGI]

The development team has contacted and plans to list SCP  on any exchange and have specific time for this?

As you hear from all new projects, we are in contact with exchanges about listing. We built into our project a specific fund to help defray the expense of exchange listing. Now that we have a public block explorer and our airdrop is scheduled for next week, some of our focus will turn to giving more attention to getting the token listed.

[toogoody]

List of SiaPrime mining pools with live stats & hashrate distribution

https://miningpoolstats.stream/siaprime

[Kekkins87]

in which exchange can I find siaprime? thanks

[cygan]

in which exchange can I find siaprime? thanks

take a look two posts over yours.... 

[FaustianAGI]

The SiaPrime team is working on the roadmap this week. We are planning a meetup on Saturday for interested developers, network/dbase engineers, web app designers, etc. If you are interested, please join our Discord (OP) and let us know. We'll flesh out the plan for the mix of open source (community edition) and closed source (enterprise edition) in our project and lay out milestones that we can create specific bounties for. 

[FaustianAGI]

The SiaPrime airdrop is occurring as we speak! If you held Siacoins (SC) at block 179000 in a private wallet, you qualify for 1SCP for each 5 SC you held. With over 650k positive addresses in the Sia blockchain, the airdrop process should take ~10 hours to complete.

To retrieve your tokens, download our software and go to the wallet tab. Choose "Load a wallet from a seed" and at the next screen, enter the old Sia seed and hit Confirm. This will search the blockchain for your airdropped tokens and display them as a Confirmed Balance. There is no time limit on when you must claim your tokens though it is good practice to immediately secure your balance and make sure you received the correct amount. Also, in the future, the project software may require a fork for some other purpose that makes retrieving airdrop tokens a little more cumbersome.

Tokens that were locked up as collateral or in contracts are not included in the airdrop.

No exchanges have yet announced support for the fork and we purposely have locked away the token distribution for huge wallets we deemed to belong to exchanges. If you held Siacoin on an exchange at block 179000, you will not receive SCP tokens unless at some future point, the exchange decides to honor the airdrop and distribute tokens. This is a decision to be made by the individual exchanges and you should contact them for further information.

For operational security, it is probably not optimal to use the same seed for two different project wallets. The best strategy is to move your Siacoins into a new seed on the Sia wallet before retrieving your SiaPrime tokens in our wallet.

The airdrop sends tokens to addresses with a positive balance at the fork. Because of this, any given wallet may qualify for multiple sends. Please wait until we announce the airdrop is concluded before questioning your airdrop total received

[FaustianAGI]

Airdrop wrap-up - We distributed a total of 2,958,894,989.82 SCP to holders of SC as of Sia block 179000. We have escrowed 4,662,666,828 into cold wallets, tokens we determined were held by exchange addresses. These will be frozen for a period of one year from tomorrow and the addresses will be made public shortly for everyone to monitor. Over the next few months, we'll reach out to the exchanges about listing and distributing the assets, but my guess is the largest (Bittrex/Binance) will likely not distribute these. Internally, we are discussing a regularly scheduled token burn to bring total supply down and directly inline with the Sia project. For at least the next 2 years, SCP circulating supply will be significantly lower than Sia supply and should bode well for token valuation once we hit the exchanges.

[Cryptonica]

[...]
 If you held Siacoins (SC) at block 179000 in a private wallet, you qualify for 1SCP for each SC you held.
[...]

Can you please clarify again.
I get 1SCP = 1SC or 1SCP = 5SC

Many Thanks

[FaustianAGI]

[...]
 If you held Siacoins (SC) at block 179000 in a private wallet, you qualify for 1SCP for each SC you held.
[...]

Can you please clarify again.
I get 1SCP = 1SC or 1SCP = 5SC

Many Thanks

Yeah, sorry. typo. as stated in the OP, 1SCP for every 5SC. The airdrop is completed so you should see all the tokens in your wallet now

[FaustianAGI]

Upcoming maintenance fork - SiaPrimeFund distribution, long term supply change and token burn

The SiaPrime team is preparing a fork in order to correctly distribute the SiaPrimeFunds to holders of SiaFunds as of block 179000 on the Sia blockchain. SiaPrimeFunds are a mechanism built into the Sia protocol to provide a small fee on storage transactions for ongoing development of the protocol. Most of these are held directly by Nebulous Inc, the developer of the Sia protocol. At the SiaPrime blockchain start, these tokens were distributed based on the original Sia distribution and we need to correctly account for funds that have been bought/sold since then. SiaPrime owns no SPF tokens, nor makes any offer to sell such tokens.

At the same time, we will alter token economics slightly to compare favorably with the Sia project in later years by changing the block reward floor from 50,000 to 10,000. The block reward decays by 1SCP every block and will reach 10,000 at block 290,000 (sometime in 2024). This will drop long term total supply from ~68b to ~57b tokens.

We are also limiting supply by adding a token burn. There is currently a 10% developer fee from the block reward in perpetuity. The change will redirect this 10% starting at block 105,000 toward the collateral burn address, resulting in a regular and significant reduction in supply. The project fee is currently scheduled to pay contributing developers. By year 3, we expect product sales to replace this funding mechanism. These changes will be implemented within the next week with a maintenance fork. See OP for full project specifications

[420coupe]

Looking forward to seeing this community grow.

I currently run and support the community explorer https://explore.siaprimestats.com as well as the base pool of that url.

If you have any suggestions, feedback, concerns or need some support please feel free to reach out.

[gordPrime]

thanks for the continued updates!

[akaman]

Hey, Is there a Sia Prime block explorer?

[420coupe]

Hey, Is there a Sia Prime block explorer?

It's posted 3 replies right above this, https://explore.siaprimestats.com.

[FaustianAGI]

A SiaPrime fork will occur at block 7200 (Wed night) for SiaPrimeFund distribution / new supply schedule. Version 1.3.5.2 is now available on the website for download. Users are encouraged to upgrade before the fork for the smoothest experience. If you do not see the new version on the website, please do a hard refresh on your browser to clear the cache.

[FaustianAGI]

SiaPrime is celebrating the 12 Days of Hostmas!

Join our Discord and enter in the Host and/or Rent category to win 10,000SCP each day thru the end of the year. Winner names are drawn randomly each day with the winner then removed from that category. Help support the SiaPrime network by hosting storage or backing up your files to the SiaPrime network today and put some holiday Hostmas cheer into your datastream.

Get details and view the current winners

[FaustianAGI]

Number 12 when sorting by hashrate out of 491 and we're not even on an exchange yet. https://miningpoolstats.stream/ If you have a Blake2b based ASIC, SiaPrime is the coin to mine. Innosilicon S11, StrongU STU-U2 and Bitmain A3 all produce good daily coin yields with the blockchain just over 60 days old.

[FaustianAGI]

SiaPrime is pleased to announce listing on our first exchange. The Bisq Network is a truly decentralized exchange with a unique system of handling disputes while allowing for multiple funding mechanisms. The SiaPrime project vision is to create complimentary 2nd layer product applications on the Sia protocol. Now, you can use Bisq to acquire SiaPrimeCoin for purchasing storage on the network.

One of the key features of Sia-protocol based networks is storage nodes (called Hosts) lock up significant amounts of coins in Collateral to ensure they fulfill their smart contract requirements in hosting your data. This velocity sink is unique to our project and will ultimately make exchanges like Bisq critical in providing SMB and Enterprise customers access to decentralized cloud storage. While the network is live and active today, we expect to build out a more sophisticated product suite providing storage sales in fiat denominations with coin trading occurring automatically via API and exchanges like Bisq will play a key role in that process.