STC

Satoshi Island price

STC
|
3.8/5
CyberScope
3.8
05/29/2024
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USD
USD
$0.55571
+3.09%
1h
24h
1W
1M
1Y
All

Satoshi Island price live data

The current price of Satoshi Island is $0.55571. Since 00:00 UTC, Satoshi Island has increased by +3.10%. It currently has a circulating supply of 21,000,000 STC and a maximum supply of 0 STC, giving it a fully diluted market cap of $11.68M. At present, Satoshi Island holds the 226 position in market cap rankings. The Satoshi Island/USD price is updated in real-time.

Satoshi Island price performance in USD

Time periodChange amount%Chg
Today$0.016685 +3.09%
7 days$0.22071 +65.88%
30 days$0.21511 +63.15%
3 months$0.00041054 +0.07%

Satoshi Island market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.50356
Last price $0.55571
24h high$0.74934
Heat index ranking
10
Market cap ranking
226
Market cap
$11.68M
Favorited rate
Percentage of users who favorited this asset to all users
0.98%
All-time high
$20.0000
-97.23% (-$19.4443)
Aug 22, 2022 (2 years ago)
All-time low
$0.089000
+524.39% ($0.46671)
Oct 21, 2023 (7 months ago)
ICO date
08/22/2022
ICO price
The price at which this crypto was first traded
$1.2500
Circulating supply
The amount of this crypto that is publicly available in the market
21,000,000 STC
Market cap at circulating supply
Market cap = Circulating supply × Last price
$11.68M

About Satoshi Island (STC)

Satoshi Island, covering an expansive 32 million square feet, is a privately-owned island under Satoshi Island Holdings Limited. On Satoshi Island, the primary medium of exchange is the digital currency known as STC. Users can own plots on Satoshi Island by purchasing NFTs, representing land ownership rights on the island.

What is Satoshi Island

Situated between Australia and Fiji in Vanuatu, Satoshi Island aspires to be the global nexus for cryptocurrency and blockchain enthusiasts. Backed by Vanuatu's government, Satoshi Island is actively developing a genuine crypto economy and laying the foundation for a blockchain-centric democracy. Unique in its governance structure, the island functions as a decentralized autonomous organization (DAO) governed by its own inhabitants. 

Playing a central role in this ecosystem is STC, the island's official cryptocurrency. Not only does it facilitate transactions on the island, but it also serves as the primary medium of exchange on its associated platform. Furthermore, this cryptocurrency has a predetermined supply, ensuring its value.

The Satoshi Island team

Satoshi Island's inception has the blessings of both the Prime Minister and the Finance Minister of Vanuatu. The blueprint of the island is credited to James Law, while operational strategies and day-to-day management are under Denys Troyak.

How does Satoshi Island work

Opened in late 2022, the Satoshi Island Resort is a testament to the island's thriving ecosystem. The DAO oversees everything, from eateries and recreational venues to accommodations. It manages leases and ensures the provision of essential services such as upkeep, medical care, and housing renovations. 

Ownership of a Satoshi Island non-fungible token (NFT) carries with it real-world responsibilities not often associated with owning NFTs, given the island's tangible nature. There are 2100 blocks of land on the island, with each block further segmented into 10 land NFTs. Block owners can construct structures using the modular housing blueprint by James Law, and commercial enterprises too will soon have opportunities to establish a presence on the island.

STC tokenomics

STC, the native token of Satoshi Island, is a BEP-20 issued on the Binance Chain with a deflationary design and a capped supply of 21 million. Envisioned as the go-to currency for the island, STC facilitates a variety of operations, from day-to-day expenses like dining, bills, transportation, rent, and maintenance to purchasing Satoshi Island NFTs, which signify land ownership.

STC distribution

The distribution of STC is as follows:

  • 40 percent for public sales and liquidity
  • 35 percent allocated towards DAO treasury
  • 15 percent for private sales
  • 9 percent went to the founding team
  • 1 percent for Indigenous landowners

The road ahead for Satoshi Island

STC has ambitious aspirations, which includes making Satoshi Island a focal point for Web3 innovations. Upcoming developments include integrating DeFi components like decentralized mortgages and blockchain-based infrastructure utilities. Embracing commercial entities is also on the cards, aligning with the island's goal of becoming self-sustained.

STC FAQ

What is STC?

STC, short for Satoshi Island Coin, is the designated currency for Satoshi Island, an envisioned crypto paradise located in Vanuatu that aims to establish a real-world crypto economy and blockchain-based governance. STC is used for transactions on Satoshi Island, similar to how national currencies function in traditional settings.

Is there a real-world infrastructure on Satoshi Island?

Yes, the island boasts real-world facilities. The Satoshi Island Resort was inaugurated in the fourth quarter of 2022. It also features amenities such as restaurants, bars, shops, and more, all managed by the DAO.

Where can I buy STC tokens?

Easily buy STC tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal includes the STC/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for STC with zero fees and no price slippage by using OKX TR Convert.