Substratum

(SUB) Price

$0.02476 +0.0003654 (+1.50%)

Substratum (SUB) price

SUB - USD
  • SUB - USD (United States Dollar)
  • SUB - EUR (Euro)
  • SUB - GBP (British Pound Sterling)
  • SUB - RUB (Russian Ruble)
$0.02476 +0.0003654 (+1.50%)
0.00000000 BTC (+2.29%)
Real Time Data

Market cap

$7,753,620

313,181,394 SUB

Volume (24H)

$337,336

13,625,566 SUB

Day's range

$0.02338 - $0.02541

0.00000593 BTC - 0.00000644 BTC

Last trade

17.00000000 SUB

hitbtc $0.3910

Open price (24h)

$0.02439

52 Weeks. Low - High

$0.00 - $1.00

Supply

472,000,000 SUB

Max supply

600,000,000 SUB

Latest Closing Price

Open/Close in UTC time

Date Close Price Open price Volume (24H) Market Cap Day's range
Feb 14, 2019
$0.001050
$0.04452
$56,175 1,010 SUB
$16,468,707
$0.00 $0.04554 $0.001050
Feb 15, 2019
$0.03200
$0.001050
$3,030,976 22,398 SUB
$11,290,901
$0.001050 $0.04094 $0.03200
Feb 16, 2019
$0.03076
$0.03200
$1,252,127 13,439 SUB
$8,520,226
$0.02800 $0.03300 $0.03076
Feb 17, 2019
$0.02850
$0.03076
$548,364 1,420 SUB
$7,933,988
$0.02750 $0.03076 $0.02850
Feb 18, 2019
$0.02572
$0.02850
$1,992,995 16,844 SUB
$9,666,770
$0.02100 $0.03400 $0.02572
Feb 19, 2019
$0.02572
$0.02572
$1,481,863 946 SUB
$8,628,080
$0.02571 $0.02765 $0.02572
Feb 20, 2019
$0.02514
$0.02572
$348,369 11,342 SUB
$8,540,098
$0.02338 $0.02572 $0.02514
More Historical Data

What is Substratum?

The main purpose of Substratum (SUB) is to create an open-source and decentralized world wide web which will provide unrestricted access and sharing rights to content and information to users worldwide.

The company was founded by Abram Cookson. Their mission, as stated in the project´s Whitepaper, is to, “bring forth the free and fair internet of the future by combining proven technological building blocks with emergent technologies in an innovative and holistic way to help solve many of the problems that plague the modern internet.”

Substratum is based on Ethereum and it aims to gain mass adoption by providing per-request billing via micro-transactions and incentivizing users to run nodes to build the network by paying node hosts with the Substrate (SUB) token. The initiative is focused on providing solutions to important problems faced worldwide by offering:  

  • Decentralized storage & content service
  • Decentralized DNS servers
  • Development tools (API/SDK) for a decentralized web
  • Net neutrality:  equal access to all sites for all people
  • Fluid crossing of international borders
  • Revolutionizing the way hosting costs are managed and paid

The platform also offers multiple revenue streams, such as:

  • Substratum Pay - Allows all sites and applications that run on the Substratum network to use any publicly traded coin to process cryptocurrency transactions. SUBs will be the bridge currency between them.
  • Substratum Node – Network members that run Substratum broadcast software will be rewarded with SUB tokens by serving requests. This is intended to increase global participation and will bring value to the coin.
  • Substratum Host – Any Entity that wishes to host sites, databases, and applications on the Substratum network will use the SUB token to pay for the requests network members offer. This will mean SUB becomes the currency of the decentralized web which nearly every tech source agrees is the future of the internet.

The Substratum Network

The Substratum Network is designed to combine innovative technologies from the cryptocurrency and community hosting realms to achieve the creation of a peer-to-peer internet, while also aiming to revolutionize the hosting industry. The network is made up of a number of worldwide interconnected computers that can deliver secure content anywhere using industry-leading cryptography, effectively ending the need for Tor or VPNs.

In order to incentivize users to run the Substratum network client on their computer, Substrate (SUB) will be provided as payment for service to the network. The coin is issued to the serving user’s computer through a micro-transaction from the hosting site. By breaking fees down to a micro-transactional level, the overall cost is greatly reduced for companies and entities that want to host sites and applications on the network, as they pay only for what is being used.

Substratum serves decentralized content through an app service available in Linux, Windows, and Mac that requires no technical expertise to install and run.

ICO

The Substratum ICO was held between Aug 14th 2017 and Sep 14th 2017. The price of the token was set at $0.07 and the project sold around $13.8M worth of tokens. As of January 2018, around 226M SUB are in circulation from the total 352M available.

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Type
Token
Block
Mineable
Since
Aug 14, 2017
Algorithm
N/A
Proof Type