FAQ

What are SiaFunds?

SiaFunds are tokens used for revenue sharing within the Sia network, allocating a 3.9% fee from every storage-related transaction to Siafund holders. Initially, around 1,400 SiaFunds were distributed to investors, with Skynet Labs holding the remaining 8,600. These funds come from various fees and are equally distributed among holders upon contract completion. SiaFunds were created to provide sustainable funding for the network's development, incentivizing support and enhancement by capturing a portion of its revenue as the user base grows.

How do I get SiaFunds?

Historically, SiaFunds were acquired through over-the-counter (OTC) trades using a trusted escrow service. The Sia Foundation later developed the Embarcadero trading utility, which is now archived. To discuss buying or selling SiaFunds, visit the #trading-and-food SiaFunds thread in the Sia Discord.