Dear Reader,
As you probably read before in my previous articles, steneum is a coin which offers rewards for its coinholders based on their exchange's (bitstenmarket.com) volume.
For the coins locked you could get 20% of the fees from the exchange divided with the number of coins locked and multiplied with your locked coins amount.
(Fees x 0.2/Total coins locked in savings) x your locked coins
As it is a new exchange and the volume is low (around 5BTC/day) the fees are low, the daily savings are low too.
To address this issue, Steneum Dev Team reward their community by increasing the payout to 75% instead of 20%, more than tripled the amount they pay to their community.
The volume on bitstenmarket.com will increase with each new trading pair added, they are working on Electroneum and other coins. They will soon have ERC20 tokes listed on the exchange, but this is my bet. It is worth to have these coins available for trade on the exchange, since they can produce a nice volume, therefore the amount from the fees increases. By doing this the Steneum community will be able to take more profits.
Back to their announcement (telegram, twitter, facebook), they stated that the 75% payout will be in place until 1st of August 2018. It is a good time to get in the coin itself from https://www.coinexchange.io/market/STN/BTC?r=63f25945, where the coin is at $0.30, or you can get it on https://bitstenmarket.com/?ref=1868 directly from their own exchange, from where you can send it over to steneum.com and make your savings pack. For now you are not allowed to lock in more than 1100 STN coins. It won't produce big gains yet, but these will be higher and higher as the volume increases (by adding new coins, gain hype, put marketing in place).
You can see a video on my youtube channel too from the ICO era of this coin, which started around 3 months ago and they finished their ICO on the 22nd of December 2017. There you can find the founders, they don't hide, or anything, it is not a scammy, shady, lending platform. But you can see more there if you want:
It is essential to mention, that your locked coins will not be used for anything else than decreasing the supply and increase the demand. Additionally at the end of lock period, you get back your coins, therefore if the coin jumps in price, your locked coins will be worth more. You can take this as a coin which produce daily savings while you hold.
Also important to mention, that they have a referral program and the payout for the referral program was also increased to 25%, basically the 75% plus the 25% added, the dev team does not earn anything until 1st of August 2018, they give it all to you. The payouts are made in BTC from commissions and you can withdraw everything which is above 0.0003 BTC. The referral program is to encourage people and to get more investors in this exchange.
Now the whole thing lays under the radar, it is cheap, the circulating supply is a bit above 5 million coins, 600k coins are locked in the savings program and 2 million coins are hold by the dev team making the total circulating amount around 2.4 million coins.
The coin is mineable, it is an x11 coin, mineable with scrypt algorithm and they have two Steneum mining pools. It is kept in one hand. You can mine with CPU (not advised), GPU and asic miners such as L3+ . There are not too many miners around, the dev team keeps 2Gh/s level of mining for the operation (transactions, etc), but there is no real mining power there to increase the circulating supply, which will be good for the price, but bad for the speed. Additionally the coins are spread well and fairly because of the ICO structure; there was a cap of the amount you could buy at each stage and people hold smaller amounts except from the top 50 rich in STN. There is no manipulative force in STN markets based on the above. I am placed in the red zone of STN atm, planning to get more.
In case if this coin will get traction, there will be more coins listed on their exchange, they will have more investors, more coins locked, some hype, this coin can easily reach the roof (I don't like "moon"). It can be a coin which produces their investors' a high return on their investment (ROI).
If you want to get into this coin at this cheap you can do it as explained above. They are also present on cryptopia and btc-alpha exchange. Once they will gain volume, the API will change and STN maybe will be excluded from other exchanges to increase their own volume.
I would like to recommend to read yourself through the whole thing, from whitepaper to platform, ask in telegram group, look around, do your own research before you get into anything crypto related. Adopt this habit, you will need it everywhere, not only in crypto, everywhere in life. This is my journey with this coin, no need to follow, any red flag you see, please let me know, I could not find any.
Thanks for reading, if you liked it, I would be pleased if followed.