Steneum - a hot new ICO coming up!
How does Steneum (STN) work?
Steneum is digital asset designed to work as a unit of exchange without relying on a central server. It uses open protocol to facilitate secure payment transactions. The storage server is decentralized and distributed-divided into various servers run by each user connected to the network.
Steneum is nearly identical to Bitcoin since it was created based on Bitcoin platform. Just as its predecessor, you can easily send Steneum anywhere in the world in seconds as long as the recipient is connected to the internet.
All transactions that have been made are recorded and displayed in Blockchain. Although you can set your identity anonymously, all your transaction can still be monitored through Steneum Blockchain Explorer.
The transfer fee may be reduced gradually. However, to speed up the transaction, you can set higher fee in the Steneum Wallet.
You can transfer Steneum (STN) to anywhere in the world as long as the recipient is connected to the internet.
WHAT CAN I DO WITH STN ?
1 . After ICO program ends, you can use STN for trading on Bitsten.com (January 1, 2018). Other markets such as Yobit and Bittrex are coming soon.
2 . You can also join the lending program on Bitsten and obtain a 20% commission for exchange fee. Your daily profit estimation is 0.01—1.00% depending on the Bitsten market volume.
3 . Additionally, STN can be used for payments or enlisting new coins on Bitsten.com .
4 . After the ICO program ends, you can sell STN on the market to receive immediate profit.
5 . You can also use STN to pay trading fees on Bitsten.com.
For more information view whitepaper.
A Unique lending program
Unlike other coins, Steneum is unique. It is a real project that generates real benefits for its team and investors. Steneum does not use fiat like US dollars for its lending program, so if you lend 1,000 STN, you will get back 1,000 STN, not USD 1,000.
The daily commission comes from Bitsten market income. For example, you lend 1,000 STN during the contract period when the price at USD 1. When the contract is completed and the price is USD 5, then you can sell 1,000 STN for USD 5 each.
When the lending contract is completed, you can withdraw Steneum or renew your contract at will. You can also lend all the coins in your wallet.
All the coins in the lending program then will be stored in the Bitsten market and will not be traded. The purpose of this system is to diminish the coin circulating in the market. The scarcity will raise the STN price in the market.
For example, a supply of 20 million has been circulated with eight million in the public (such as mining, bounty, and ICO) and five million coins in the lending program. Therefore, the coin circulation in the exchange market is three million.
This scarcity will significantly escalate the price of STN. The fewer coins circulating, the more the price will increase.
The number of coins in lending program will not exceed the number of coins in public, and the commission for each coin will come from a trusted source. By applying this system, there will be no money game taking place in the Steneum lending program.
LENDING RULES
- There will be no coin lending minimum or maximum. All the coins in your wallet can be lent.
- The contract will be for 30, 45, 60, or 90 days depending the amount lent. During the lending contract, STN cannot be withdrawn.
- Daily commission will be allotted based on the lending formula.
- Commission will be distributed in BTC.
- Daily commission will be available to be withdrawn every day.
- The same amount of STN that has been lent will be given back when the lending contract is completed.
Final thoughts
There are several unique features that sets this lending platform appart!
- Unlike other platforms when they return your investment they do it in the same token you put in therefore if the token value grow while it's frozen in lending you have passive benefit gains as well
- They restrict the number of tokens purchased by account which will prevent the big whales jumping in and scooping everything in seconds! Everybody has equal chance to participate in the ICO
- They will have a working exchange, not internal but real exchange with real trading so basically combining lending platform with trading platform
Overall I believe this ICO will bring huge ROIs and allowing you to jump in at 15 cent a coin, it offers a possibility to participate even if you are not a big investor!