Why did Yunbi launch SIACOIN?

According to the news on May 20th, SiaCoin on Yunbi.com has increased by about 10%. The editor learned from Yunbi.com the detailed process of launching SiaCoin. The following is the announcement of Yunbi.com:

A year ago, it was very difficult for Yunbi to find a "real blockchain asset", so the speed of Yunbi launching trading products has been very, very slow, so slow that our users feel "Are you hibernating?" If you say that Yunbi has a very high vision for the products to be launched, we will not deny it. However, even so, some products that are like chicken ribs are still launched. It's not that we don't want to launch good products, but it's really too difficult to find. Why don't we launch some coins that everyone is familiar with? It's very simple, it doesn't conform to our values, or after background checks, we feel that there is no value.

We have been thinking: What kind of products can bring real opportunities to users?

If Bitcoin could be launched in 2010, it would obviously have brought huge opportunities to the users who participated at that time. In China, such an honor should obviously be given to BTCC.

But Bitcoin is Bitcoin, there is only one Bitcoin in the world, and any behavior that FORKs a Bitcoin code and wants to replace Bitcoin is rogue. Therefore, for quite a long time, except for meaningless hype, the world of blockchain is a desert!

As an innovative blockchain asset, Yunbi once had high hopes for the BTS series and invested a lot of energy in system adaptation. However, BM was both its success and failure. The absolute power ultimately caused this series of assets to fail!

Fast forward to 2016. With the rise of Ethereum, blockchain technology has also begun to explode, just like the Cambrian explosion of life. The entire industry has ushered in a new and vibrant scene. Not only has Ethereum created a new ecosystem, Bitcoin has once again attracted public attention, and some truly valuable blockchain assets have quietly begun to appear before us.

What can truly bring opportunities to users must be blockchain assets that have real applications!

Bitcoin is already the most important supranational currency;

Ethereum is the most mature blockchain development platform;

These are irrefutable applications.

But there are some applications that we really need.

For example, cloud storage.

Due to well-known reasons, within a month, six free cloud storage companies in China announced the suspension of their services. The only remaining companies, Baidu and 360, happened to be the most disturbing choices.

At this time, we paid attention to SIA (Siacoin), a decentralized cloud storage project.

Your wallet is the client, and you can use it to encrypt and store your files on any network storage device that has a wallet and provides space. Don't worry about the security of your files. Each file is sliced ​​into ten pieces and encrypted and stored in ten different unrelated network spaces; don't worry about your files being lost. Each saved file must have more than 3 backups. As long as you have enough SIACOIN, you can of course make more backups to increase the security of your files. Your files are stored in a decentralized manner. As long as the network is there, your files are there. No one can control them, no one can peek, and no one can invite you for tea. Take your key, your files are your files, just like your Bitcoin is your Bitcoin.

SIA (siacoin) is the world's first truly commercial cloud storage project. If you want to know more, you can learn more technical details here.

SIA (siacoin), as the first commercial project that truly applies blockchain technology to real needs, currently has a market value of only 1 million US dollars, which surprised us. Therefore, we think this is a trading product worth looking forward to. We look forward to the official version 1.0 of SIA in June, which may realize all the planned functions. By then, we will witness an application scenario of a truly valuable blockchain asset.

We believe that decentralized cloud storage projects will bring significant changes to the world, which is an important reason why we introduced SIA (SiaCoin) into cloud coin transactions!

Any investment is risky. Although we have examined SIA's product logic and business path, as well as SIA's team members, and obtained satisfactory results, investment in blockchain assets is still a high-risk investment. SIA currently has two problems. Investors are requested to carefully consider and invest under the premise that the risks are controllable.

1. The total amount of SIA reaches 45 billion SC, of ​​which about 15 billion have been produced so far, and the rest will be mined in about 4 years, so there is a certain amount of mining selling pressure;

2. The SIA team is currently focusing on development and has not conducted much commercial promotion and roadshows. It is not well-known at present and needs time to grow.