Supply of Siacoins
The supply mechanism of Sia is somewhat unique. There will be an infinite number of Siacoins. To start with, developers mined the first 100 blocks. The reward for the first block was 300,000 Siacoins. After the first block, the Siacoin reward will exponentially decrease by one unit for subsequent blocks.
It means that the:
- 1stblock had 300,00 Siacoins.
- 2ndblock had 299,999 Siacoins.
- 3rdblock had 299,998 Siacoins.
- 4thblock had 299,997 Siacoins.
… and so on… until the block rewards are reduced to 30,000 Siacoins.
After that, for every block mined, 30,000 Siacoins will enter the system.
At present, there are 31.3 billion Siacoins available.
Marketcap of Siacoins
According to CoinMarketCap, Siacoin (SC) has a per unit price of $0.041583 with a current market cap of $1,305,539,667 ($1.3 billion) on a 24-hour volume of $131,627,000 USD with an available supply of 31,396,146,174 SC (31.3 billion) .