First and foremost, the ScPrime network focuses on providing storage by being an intermediary between those who offer unused storage and the paying renters. The benefit for storage providers is twofold: they’ll earn passive income and help create a distributed data centre.
To learn what we can store in ScPrime storage, we first need to go through the concept of erasure coding. It seems complicated, but it’s actually not! In simple terms, files need to be encrypted before reaching providers’ drives. Encryption makes files break into many shards, and this process results in redundancy across multiple providers. It means providers can access the files even offline. To store encrypted shards, renters can sign smart contracts with providers to make sure of the integrity and availability of the data.
According to ScPrime, “Enterprises, cloud/ managed service providers, or anyone else already using cloud infrastructure for their work and data flows can integrate with just the swap of a URL to begin using the distributed cloud”.
Also, the ScPrime network runs a cloud data service providing company, Xa-Net Services, to provide enterprise-grade renter infrastructure for its customers.
ScPrime offers an open-source renter for public use; however, it is not what ScPrime was designed for. It was mainly developed to provide service to enterprises through Xa-Net Services.
The easiest method to become a storage provider for ScPrime is to use Xa-Miner. Let’s see what it is and how it works.
Xa-Miner is a cloud service product from the ScPrime project, which consists of a distributed data centre and decentralised client known as a relayer for enterprise customers or companies to access the network. There is a private and dedicated relayer for every user consisting of a distributed client, database, and cash. Using Xa-Miner, multiple users can share and update files since it is a plug-and-play passive income device, and as long as you run the device, you can share storage in exchange for cryptocurrency.
If users choose to be a part of ScPrime network’s Xa-Miner device and continue running it, this profitable and smart investment allows them to earn SCP tokens. The amount of token you will get depends on the number of months you have used Xa-Miner. Also, the rebates you will earn depend on the version you are purchasing monthly.
Let’s take a closer look at the main features of ScPrime that make it stand out.
As the main data centre, ScPrime makes us involved with crypto. Xa-Miner is available at 16-40-64 terabytes, and it doesn't matter if we use one or two or ten devices. Xa-Miner allows us to use multiple devices in one location as a data centre, and due to sharing and providing the uptime of these devices to store people’s data, we will get rewards. Also, if we are hosting one of these devices and it goes down, we can recover all the data.
You can purchase SCP tokens on multiple exchanges such as eToroX, SouthXchange, and ProBit Global. Chia network (XCH), Akash network, Filecoin, and Siacoin are similar coins designed to rent out space, share data and provide competition for businesses.
One of the most similar projects to SCP is Filecoin. Both projects have similar visions with some differences as follows:
As of writing this post on Dec 12, 2021, SCP is currently being traded at $0.6262. Its market cap ranking is #781, with a live market cap of 25,000,000 USD. The start price was 0.0004, and the start ranking was 1060. ScPrime has a circulation supply of 39,572,785 SCP coins, but the max supply is not available. The RIO has been 1090% over the previous year and 128% over the last month. It means if you had invested $100 in SCP the previous year, you would have $1090 by now. SCP hits its all-time high at $0.985 on Nov 30, 2021, and hits its all-time low at $0.0037 on Dec 2, 2020.
Disclaimer: Don’t take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.
According to Priceprediction.net, in 2022, the price of the ScPrime’s SCP token is predicted to reach a minimum of $0.78. It can reach a maximum price of $0.93, with an average trading price of $0.80.
Experts predict that the minimum level of ScPrime’s SCP token will be at least $1.08 in 2023. Its maximum price may reach $1.33, with an average price of $1.12 throughout 2023.
In 2024, the price of ScPrime is expected to reach a minimum level of $1.63. At a maximum level, it can reach $1.91, with an average trading price of $1.68.
The price of each SCP token is predicted to reach a minimum of $2.33 in 2025. If things go based on plans, the SCP price can reach a maximum of $2.86, with an average price of $2.41 throughout 2025.
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