For the past several hours, Substratum (SUB) has been hovering in the top three percentage gainers for the day. Currently, SUB is the 3rd largest percentage gainer for the day. Why is this coin suddenly taking off? Should you invest in Substratum?
What is Substratum (SUB)?
According to its website, Substratum (SUB) is an “open-source network that allows anyone to allocate spare computing resources to make the internet a free and fair place for the entire world.”
Substratum is about keeping information free.
The concept of Substratum is to open up web content to those with restricted access to sites (such as in China). Substratum does this without needing a VPN or Tor. Anyone can become a Substratum web host, and when a user clicks onto Substratum-hosted content, it will be visible, no restrictions.
The Substratum node forwards contents between the host and the viewer. Anyone running a node gets paid in SUB automatically by the host. Here’s how the process is broken down:
1. Starts with a host: either a business or individual is looking to host their site on a decentralized web so that anyone can see it; to become a host, you purchase SUB either with fiat currency or other cryptocurrencies.
2. That SUB is then used as payment to Substratum node runners, who send the host’s site to the viewer looking to visit it.
3. The viewer is able to see the host’s site on their regular internet browser, without restrictions. They don’t need any plug-ins or extra software to view any content. Censorship is thusly eliminated via the Substratum model.
The cost of web hosting on Substratum is pay per click, meaning that the cost of hosting becomes more expensive the more popular your site is, which is something to be aware of.
Content can be voted up or down by Substratum members, meaning offensive content, such as child pornography, can still be removed.
Substratum (SUB) launched in February 2017, held its ICO in August 2017, and officially launched on several crypto exchanges in September 2017. Since then, the coin has grown 1098% and now trades on Binance, KuCoin, Coss.io , nd HitBTC.
Substratum is currently selling for $0.578961, putting the coin up 19.61% in the past 24 hours. Right now, SUB is ranked as the 96th largest cryptocurrency by market cap, with a market cap of $130 million.
Substratum still has room to grow, although it may not be a coin that will be making you huge profits anytime soon. Still, it’s an interesting concept and a good project to keep an eye on.
What do you think about Substratum?
Featured image: Twitter