What is Siacoin used for?

Siacoin is the cryptocurrency exchanged between renters and hosts, and that is used to fulfill Sia’s smart contracts . But the network has another token as well, Siafunds. Siafunds facilitate the Sia network’s growth by incentivizing more users to participate.

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Does Siacoin have a max supply?

Siacoin has no maximum supply . Because it is a utility token designed to be used to power transactions via smart contracts, the project has stated that there must be a limitless supply in order to match the effectively limitless amount of data that can be created and stored.

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