Thanks for stopping by to read my full unbiased Steneum ICO Review.
Steneum ICO popped up and people seem to be really excited about this one.
Some people out there are calling ICO’s scams but we all know that’s not true.
Sure there are junk coins that never hit the exchanges, this is why we do our research and make smart decisions.
So no worries because I am going to walk you through this coin so YOU can make the right decision.
Steneum ICO Review
I have to say Steneum is a very interesting and very unique ICO.
What I really like is the company has a real project that generates real benefits for its team and investors.
Just in the past few days some really solid ICO’s have come across my desk like Goldgate and Legend Coin.
However I must say that Steneum has become my favorite out of the three! What I really like about Steneum is that it 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 1,000 USD.
More on that later!
First things first. Lets see where Steneum is located and how that can affect your business.
Steneum Location – Indonesia
Looks as if the company is located in Southeast Asia which is common among many ICO’s. Steneum in particular is located in West Java which is an island in Indonesia.
If you’re not familiar don’t let this scare you. Crypto is catching on world wide and you’ll be seeing more of this. It’s one of the reasons I truly love cryptocurrency it’s equal opportunity for everyone.
However as already mentioned do your research.
Whether a company is located in Indonesia like Steneum or some place it’s equally important to do your homework.
Or you can rely on me 😉
If you’re not familiar here is a google map:
Steneum ICO – Dates and Cost
If you’re looking to get in early lets take a look at time frams.
From ICO start to finish we are looking at 1st December 2017 – 1st January 2018. So basically the entire month of December.
The coin offering will have 5 rounds total.
They go as followed:
- First Round 0 – 1,000,000 at $0.15.
- Second Round 1 million – 2 million at $0.20
- Third Round 2 million – 3 million at $0.30
- Fourth Round 3 million – 4 million at $0.40
- Fifth Round 4 million – 5 million at $0.50
So for example if you got in the first round at $0.15 and it eventually
went to $1.50 that is a 10 times gain on your money.
Make a side note that this ICO could finish early. By the look and feel of this ICO I believe it will.
So if you’re looking to get Steneum tokens I would do so asap.
As you can see there are already 11,850 members and growing by the second.
Steneum Reviews – So Far So Good
Steneum has some nice attributes to it and why I believe it’s a good idea to invest in.
It’s set to go on the Bitsten.com exchange and will be applying to Bittrex and Yobit soon after.
From what I can tell it’s already a done deal with Bitsten.
You will have to check back if Steneum gets on Bittrex and Yobit.
There will also be a wallet you can use and download on your desktop. It’s also looking to Mine. This is quite interesting.
If you have mining equipment at home they will be using the scrypto algorithm.
Steneum Mining Information
The coin code will be STN. Maximum coin supply will be 20 million. Total ICO will be capped at 5 million. Bounty is set at 1 million.
What is really cool the company has set mining to 14 million. The POW block reward is 25 STN and time between rewards is 300 seconds.
As you can see Steneum is aiming toward January 1st, 2018 to go live with mining.
Steneum – A Unique Lending Program
Now obviously when you lend all your coins to the wallet for staking what will happen it will take those coins off the market and push those prices up.
When this happens it’s always a good thing.
The price of the Steneum coins are very cheap. It’s basically affordable to everyone.
Just rememember when you ‘lend’ on this platform rather then get the dollar value back.
When your loan matures and you get your initial investment back. You will get STN coins NOT USD or some fiat.
So what exactly does this mean?
Lets say you lend 1,000 STN, you will get back 1,000 STN not 1,000 USD or some fiat.
The daily commission comes from Bitsten market income.
Would an example help? Keep reading 🙂
Steneum Lending Example
Lets say you lend 1,000 STN during the contract period. Lets also assume the price 1 STN is equal to $1 USD.
When the contract is completed and the price is $5 USD, then you can sell 1,000 STN USD $5.
Very cool right?
When this contract is complete you can withdraw Steneum or you can renew contract. Completely up to you.
You can also lend all the coins in your wallet.
When you do this all the coins will be stored in the Birsten market and will not be traded.
The purpose of this system is to to diminish the coin circulating in the market. The scarcity of the coin will drive the price up in the market 🙂
For example 20 million coins have been circulated, 8 million in the public (mining, bounty, and ICO) and 5 million in the lending program. That leaves three million coins circulating in the exchange market.
This scarcity will drive the value of STN up in the market!
What’s very cool is that the number of coins will NOT exceed the number of coins in public. In return the commission of each coin will come from a trusted source.
Steneum – Conclusion
Steneum is a coin I will personally be investing in. I will be striving to find out more about this company.
Obviously what I really like about this coin is the price. At the end of the day all ICO’s are risky and it’s always nice to get in cheap especially with a company that has a great look and feel to it.
Some of the things I like about Steneum? There is a limited supply of coins, mining and staking. And when you get your capital back at the end of the loan it comes back as the coin rather than your fiat value like USD or EUR. So far I am a huge fan of everything Steneum is doing.
I believe Steneum has a GREAT CHANCE of going absolutely crazy. In a strange way it almost reminds me of Electroneum which in a look and feel sense.
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Steneum seems to be a good coin but nothing is every 100% so be creative.
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josh, is there any ico you do not like? I read your reviews and appreciate your input but I tend to see that you are almost always in favor of the ICO, with of course “buyer beware” clause. Don’t you think for the long term health of crypto, 90% of these coins will be history. 20 or so will disrupt a certain sector and succeed. What is the next crypto paypal, ebay, facebook, instagram? What do you think of privacy coins, like Pivx, Zoin, Dash, or Verge? These coins will be around because whether we like it or not, the deep web exists. Thank you,
Peace, Freedom, and Controlled Chaos.
Hi, first things first. There are MANY ICOs I don’t like. How about 98% of them. That’s why I don’t blog about them because I don’t have the time to do negative reviews. For the most part I am only blogging about ICOs that I like. There are thousands of ICOs and you’re right most of them will be worthless in the future. And to answer your question what is the next paypal, ebay etc? Wouldn’t that be nice to know. You can only do your research and invest in what you believe has real world value in the future. Overall I like privacy coins! Cheers.