[ANN] Signatum 2.0

[sdcloud]

I saw a discord on the information about the airdrop or it seemed to me?

If you read their info on page 1 / web page it is stated that coins not swapped will be divided between extra funds for treasury and air drops

Thank you, did not notice the information about the distribution of coins.)

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[avirdoz]

For voting will be nice to have more information about sigt 2 (algo, emission, dev fee, etc). And why chosen rate is 4 to 1 (why not 1 to 1)?

[marv1n]

For voting will be nice to have more information about sigt 2 (algo, emission, dev fee, etc). And why chosen rate is 4 to 1 (why not 1 to 1)?

you can find all information on the first 3 threads.

The total swap supply will be 34,375,000 coins, its lower than 137,000,000 actual supply for sigt 1.0
so thats the reason why coinswap is 4:1

with an additional 28% split across team members (20%) and the treasury fund (8%). As the coin supply is projected to increase year-on-year that ownership share and treasure fund will over time be diluted significantly to around 4.5% after 20 years.

How will the premine be handled?

To be clear, the premine will not be paid out on day zero of the new blockchain.  The payments will be made on a monthly/quarterly basis (salary/bonuses of sorts).  All addresses of the core team will be made visible and the funds will be controlled by Cryptovore and Squbs within the core team. We are keen on making this a transparent process.  We are doing our uppermost to ensure that this is treated in a professional manner, aligning developers incentives with that of investors and keen to alleviate many aspects of principal-agent asymmetries.  We are dedicated to making this work for all of us.

The PoW Algorithm

The new PoW is being built on the Lyra2REv2 hashing algorithm.  This algorithm was chosen as it has been peer-reviewed and is currently one of the most up to date implementations on the market, whilst being reasonably power efficient, comparatively.  Moreover, most miners and market participants are already knowledgeable about how to mine and calculate profitability for the algorithm, thus significantly reducing barriers to entry.  Various algorithms have been  considered, but we believe the trade-offs are marginal.

[sparker327]

This re-launch is great. Got my popcorn and i’m going to sit and watch it blow up like a 4th of July Fireworks show.

Love the 4x value projection after the swap, were did you get your economics degree professor?

[Ginzink]

This re-launch is great. Got my popcorn and i’m going to sit and watch it blow up like a 4th of July Fireworks show.

Love the 4x value projection after the swap, were did you get your economics degree professor?

When you invest in a coin, do you care about mcap or coin price?
In theory if a company is worth X and they do a merge of the stocks, even 10:1 the value should be the same after so 10x price per share.
And it is the principle used here in their explanation.

With the current mcap sitting at 626 648 dollar it is not unreasonable to think the mcap will increase after some time with active devlopment.
But off course it all depends on the new devs not being scammers like the old. The development will show in time. Peoples investments are already so low in value it cant get much worse

[m_01]

Seems to be good project!!

[jootn2kx]

Dont like Idea about another " Anonymous DEV team"

We didn't learn nothing from recent past?

Okay, wise guy. Do you have any idea how much money people lost on Sigt? I am down 95% on my investment.

I am pretty mad at the whole situation, but I do realize the current team should not be held responsible. I imagine there are many less level-headed types around there.


The current team had nothing to do with the nodes getting shut down, the original team going missing etc. - all are community members who've been with the coin since its inception.
They could still get targeted and revealing their identities could very well compromise their personal lives, their jobs etc.


If you had trust issues with anonymous devs, you shouldn't have bought/mined sigt in the first place. Invest in an ICO and keep this discussion productive.

You should have listened to the warnings I have been posting 2 months in row, nobody believed me, everyone called me FUD'er bla bla
This is what you get beeing a following sheep, use your brain and this won't happen

Also cryptodevil posted some real prove afterwards, noobs didn't listn just believed what they wanted to believe
You can't recover this project, you can't revive a drown horse, it's dead: no investors will ever invest in this project anymore
Leave this be you all lost your money, you knew investing in cryptocurrencies were high risk, get over it.

[Abigor]

How can i vote for option 1 ?

[Ginzink]

Dont like Idea about another " Anonymous DEV team"

We didn't learn nothing from recent past?

Okay, wise guy. Do you have any idea how much money people lost on Sigt? I am down 95% on my investment.

I am pretty mad at the whole situation, but I do realize the current team should not be held responsible. I imagine there are many less level-headed types around there.


The current team had nothing to do with the nodes getting shut down, the original team going missing etc. - all are community members who've been with the coin since its inception.
They could still get targeted and revealing their identities could very well compromise their personal lives, their jobs etc.


If you had trust issues with anonymous devs, you shouldn't have bought/mined sigt in the first place. Invest in an ICO and keep this discussion productive.

You should have listened to the warnings I have been posting 2 months in row, nobody believed me, everyone called me FUD'er bla bla
This is what you get beeing a following sheep, use your brain and this won't happen

Also cryptodevil posted some real prove afterwards, noobs didn't listn just believed what they wanted to believe
You can't recover this project, you can't revive a drown horse, it's dead: no investors will ever invest in this project anymore
Leave this be you all lost your money, you knew investing in cryptocurrencies were high risk, get over it.

Yeah Signatum is dead. Signatum 2 (name will change) is a new coin. New main devs, new chain, new aglgo, new plan. The only part of old signatum remaining is community devs who joined after launch wanting to help and that they are giving holders of signatum coins instead of the normal airdrop etc. I dont see why it should not have a fair chance? And they will have a instant decent sized community.

But yes, we should have listened to the warnings. Now lets see how this new coin is before we judge.

[beph]

But yes, we should have listened to the warnings. Now lets see how this new coin is before we judge.

I hesitantly admit both him and cryptodevil were right after all and was too willing to believe otherwise due to the already sizeable loss.

We wait and see.

[rockmachinex]

Now the price is below 100 sat. Waiting for 1 sat & delisting from yobit. Soon.

[marv1n]

How can i vote for option 1 ?

only (jr.)member or higher can vote

[WarrenP]

really hoping this swap happens soon... SIGT 1 is going down hard now.

[pthrmsor]

What about the holders of sigt1 in exchanges like nova? will there be swap provided by the exchange or will there be manual swap?

[avirdoz]

For voting will be nice to have more information about sigt 2 (algo, emission, dev fee, etc). And why chosen rate is 4 to 1 (why not 1 to 1)?

you can find all information on the first 3 threads.

The total swap supply will be 34,375,000 coins, its lower than 137,000,000 actual supply for sigt 1.0
so thats the reason why coinswap is 4:1

with an additional 28% split across team members (20%) and the treasury fund (8%). As the coin supply is projected to increase year-on-year that ownership share and treasure fund will over time be diluted significantly to around 4.5% after 20 years.

How will the premine be handled?

To be clear, the premine will not be paid out on day zero of the new blockchain.  The payments will be made on a monthly/quarterly basis (salary/bonuses of sorts).  All addresses of the core team will be made visible and the funds will be controlled by Cryptovore and Squbs within the core team. We are keen on making this a transparent process.  We are doing our uppermost to ensure that this is treated in a professional manner, aligning developers incentives with that of investors and keen to alleviate many aspects of principal-agent asymmetries.  We are dedicated to making this work for all of us.

The PoW Algorithm

The new PoW is being built on the Lyra2REv2 hashing algorithm.  This algorithm was chosen as it has been peer-reviewed and is currently one of the most up to date implementations on the market, whilst being reasonably power efficient, comparatively.  Moreover, most miners and market participants are already knowledgeable about how to mine and calculate profitability for the algorithm, thus significantly reducing barriers to entry.  Various algorithms have been  considered, but we believe the trade-offs are marginal.

Sad that this process (burning, distribution, dev fund, etc) will be in trustfull mode when we have smart contracts systems. But maybe it's good that in this short period devs can feel like digital gods.

[wency924]

d swap is a better option rather than no option at all...at least a little hope to regain your losses...

[roDIESEL]

If there will be no more Nova and Yobit wallets ... where and how can we keep SIGT 1 until we know what's going on and what is the next step?

[wency924]

d value of the coin right now is less than 100 sat....and still going down...charge to experience and give your coin to charity.....

[blmer]

Why burn old coins, I do not understand?
This is also how to get your bitcoin gold and at the same time burn bitcoin.
What danger does the signatum1 have for signatum2 in order to burn it?

Leave the corpse of the Sigt1 at rest

[oup59]

Why burn old coins, I do not understand?
This is also how to get your bitcoin gold and at the same time burn bitcoin.
What danger does the signatum1 have for signatum2 in order to burn it?

Leave the corpse of the Sigt1 at rest

Mentioning a burn will create a hype and extra value I am in favor of burn.