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Satis (STS)

ICO

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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Overview

Project industryMining
Product typeMarketplace

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 protocol’s 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.

Details

Token supply: 300,000,000 STS
Soft cap: 2,200 BTC

Legal

Country 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 info

Ticker: STS
Type: Utility-token
Accepted currencies: ETH, BTC
Bonus program:
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
Token distribution:
65% - miners
15% - investors
10% - team
10% - reserve

Social media

Satis web-site

User rating:

5/5 ( 1 )
0

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