The Satis (STS) network is allowing anyone to participate as storage providers. It also makes storage resemble a commodity or utility by decoupling hard-drive space from additional services.
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What is Satis
Satis is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called Satis), which miners earn by providing storage to clients. Conversely, clients spend Satis hiring miners to store or distribute data. On this global market the price of storage will be driven by supply and demand, not corporate pricing departments, and miners will compete on factors like reputation for reliability as well as price. The protocols cloud storage network also provides security, as content is encrypted end-to-end at the client, while storage providers do not have access to decryption keys.
DetailsToken supply: 300,000,000 STS
Soft cap: 2,200 BTC
LegalCountry limitations: Afghanistan, Central African Republic, China,
Congo, Eritrea, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali,
Singapore, Somalia, Sudan, Syria, United States, Yemen, North Korea
Token infoTicker: STS
Accepted currencies: ETH, BTC
30% - first 48h, stage 1
20% - 10 days, stage 2
15% - 10 days, stage 3
10% - 10 days, stage 4
5% - 10 days, stage 5
65% - miners
15% - investors
10% - team
10% - reserve