steneum coin(STN) - review update

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steneum coin (STN) - ICO full review and details

STENEUM COIN ICO FULL REVIEW


Website : Steneum.com 

Local exchange : Bitsten.com


  • Steneum is a cryptocurrency or digital asset that is only available in the digital world. It is nearly identical to Bitcoin because it was created based on Bitcoin platform.
Limited Number of Coins
There will only be 20 million Steneum coins worldwide. This system resembles an economic system based on deflation and increasing supply coin. Steneum prices will rise as demand grows and the number of coin remains stable.

Spesifications                          

 Algorithm Script 
Coin Code STN 
Maximum coin supply 20 Million 
Total ICO 5 Million 
Bounty 1 Million
Mining 14 Million 
POW block reward 25 STN
Time between reward 300 Second

How to buy STN
The Steneum platform will launch their initial coin offering on the 1st of December 2017, which will run until the 1st of January 2018. Just 20 million Steneum will be generated during the ico, of which only 5 million will be available for investor purchase.
14 million STEM will be reserved for mining, with a block reward of 25 STN and a 300 second time between reward. Lastly, 1 million STN will be reserved for bounties. During the ICO, Steneum will offer a scaling price for individual STN, as follows:
  • 0-1 million STN: $0.15
  • 1-2 million STN: $0.20
  • 2-3 million STN: $0.30
  • 3-4 million STN: $0.40
  • 4-5 million STN: $0.50
  • ICO RUELS
  •  Minimum BUY 50 STN . 
  • * Due to the large number of demmand and user request, the maximal purchase limit is 500 STN / transaction 
  • * Maximum Buy 5,000 STN Per Day. 
    * Maximum Buy 50,000 STN Per Account. 
    * Referral in the ICO program will automatically become a referral in exchange Bitsten.com. 
    * After round 1 : the stn token can be transfered from account to another account. 
    * Deposit address will show after order ( after invoice created ). 


    ICO PURCHASE PROCEDURE
    On 1st Dec
    1.Fill in the purchase form based on specified amount and limit 
    2.Invoice will be made for you and waiting for payment
    3.Do not worry, while waiting for the payment, the coin will be held for you
    4.After the payment , coin will go into your account
    5.Invoices will be expired if they do not receive payment for 12 hours
    6.The coin in expired invoice will be return to ico market.

Steneum Lending

The most interesting aspect of the Steneum project is the Steneum lending program. Steneum have created a lending platform that allows passive investors to generate ROI with little effort. Unlike other lending programs, however, Steneum does not use USD.If users lend 1,000 STN- the Steneum token- they will receive 1,000 STN in return, not USD. Profits are generated in the form of daily commission, which comes from Bitsten market income. Lending 1,000 STN in a contract period in which the value of STN is $1 USD, for example, and ending the contract in a period in which 1 STN is worth $5 USD, would deliver significant profits.
At the conclusio of lending contracts, users are able to withdraw STN or renew their contract as they see fit. All coins committed to the Steneum lending platform are stored in the Bitsen market and are not traded, which diminishes the amount of circulating STN. According to the Steneum white paper, this will ultimately raise the price of STN in the market due to scarcity.
Interestingly, there is no minimum or maximum amount of Steneum for lending. Contracts can last 30, 45, 60, or 90 days, depending on the amount of Steneum that is lent. During this contract period, it’s not possible to withdraw lent Steneum.
Commission on Steneum lending is distrubit  in bitcoin , and can be withdrawn on a daily basis. At the conclusion of the contract, the same amount of Steneum that was lent will be returned to the lender.
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.
The Steneum website and back office look to be unique and custom coded. This is great to see and adds legitimiacy to the project. We can see that the team over at Steneum are working hard on getting their website prepped and ready for the upcoming ICO
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.
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
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.

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