[ANN] Signatum 2.0

[Prosnip]

Once again I'll ask my question, it's very suspicious that they ignore him.
You will release a new coin (straks) that can be mined. Where do you get 100 million new coins to exchange them for an old 4:1?

[chiggx]

SIGT is up 14% since yesterday, I guess the weekly updates are doing a good job, building trust in the project
Lets hope the momentum continues...

[tradingdisaster]

I don't want to be the party pooper, but does the team have some creds in developing a coin and doing the PR work for months and eventually years? And how is a 1:4 coin swap going to work with a minable coin?

Not much to lose at this point, but I've had enough of announcements.

[beph]

I don't want to be the party pooper, but does the team have some creds in developing a coin and doing the PR work for months and eventually years?

At this point in the SIGT valuation I wouldn't care if they were a rag-tag crew of bonobo monkeys with tragic pasts.

And how is a 1:4 coin swap going to work with a minable coin?

The swappable supply will be premined. Picture this hypothetical scenario (all numbers were made up on the spot):

Straks has 30m premine for swaps.

People actually swap 80m sigt (in actuality, this may turn out to be 1m, 10m or 100m, no clue what'll happen).

These 80m sigt are burned. People get 20m straks. These 20m straks are distributed from the 30m premine for swaps.

The remaining 10m straks are airdropped and/or distributed via bounties.

Not much to lose at this point, but I've had enough of announcements.

You're free to apply to the team if you want to speed things up.

[Malsulf]

This is typical we will see a massive boost in buying power before the coin swap into new coin.
All just anticipation where people will profit on just going from junk status to possibly added coin survival for another few months.
 Just wonder how high 300 sat maybe 400

[kelly19]

I'm interesting to this project and i want to be a part of it. From which point i can start? I hope to answer me soon... Thanks!

As far as I understand, you need to buy sigt to participate in the conversion to 2.0, which is a new team, and people are disappointed with sigt.

[hoangkieu]

one vote for the first option. thanks.

[machamizu]

I have question about starting supply.

---from OP---
---Starting Supply: 34,375,000 post swap + 20% Team Equity Share = 41,250,000 (4.58% of the total 150 million supply)---

What is '4.58%' saying about? isn't 41,250,000 = 27.5% of 150 million supply?
sorry if I'm asking stupid question.

[stevascha]

cant wait end november

[Jasonbeetle]

Guys may be we will back our lost money 

[redghostvn]

One vote for the first option of thw upcoming swap.

[chiggx]

SIGT up 72%?? Is there new news that came out that I am not aware of?

[vikingchild]

I have question about starting supply.

---from OP---
---Starting Supply: 34,375,000 post swap + 20% Team Equity Share = 41,250,000 (4.58% of the total 150 million supply)---

What is '4.58%' saying about? isn't 41,250,000 = 27.5% of 150 million supply?
sorry if I'm asking stupid question.

You may ask any question, you should never feel that they are stupid questions either. You are part of the community and a potential investor, it is your right to get more information if you are confused by the way it was written. I have re-written it slightly to hopefully make it a bit clearer:

Starting Supply: 34,375,000 post swap + 20% added as incentives in equity share to the team (6,875,000 team equity share). This brings the total supply at launch to 41,250,000. The team equity share equals 4.58% of the total 150 max million supply. The equity share will still be paid on a monthly/quarterly basis. The payments will be handled by Cryptovore and Squbs in an open transparent manner. The public will at all times have full overview of payments executed.

[vikingchild]

I'm interesting to this project and i want to be a part of it. From which point i can start? I hope to answer me soon... Thanks!

There are a few options, and which is right for you I cannot say:

1. Hold your SIGT if you have any and swap these through the swap-bot on Discord in December so you get STRAKS in return at 4:1 ratio.
2. Buy SIGT and hold these until the swap process and follow first point. (https://yobit.net/en/trade/SIGT/BTC).
3. PoW will start in December - so you will be able to mine STRAKS using Nvidia and AMD GPUs (The algorithm does favour the Nvidia GPUs).
4. Buy STRAKS when it is on YoBit following launch.

[Malsulf]

Put it this way you have shitnatum version 1 with around 130 million odd coins...coin swap will soon appear and lets just safely say most people are going to swap the coins into a possible shitnatum version 2, AKA Strak something something.

Sooo what is left behind... Shitnatum version 1 with probably only 130 thousand coins on issue possibly rising in price cause there is purely less coins on issue after they get burnt.
All because some poor sod looks on coin market cap dot com and sees a coin with bugger all for circulation or supply and for pittance.

Might pay just selling before the swap occurs, just for risk mitigation of a potential shitnatum version 2

[uhro]

Once again I'll ask my question, it's very suspicious that they ignore him.
You will release a new coin (straks) that can be mined. Where do you get 100 million new coins to exchange them for an old 4:1?

The new coin will be started from a snapshot of the SIGT blockchain, therefor there will be xxx coins already in existence and the new mineable blockchain will be a continuation of the snapshot. How they use that snapshot is up to them, but they are giving you the option to exchange whatever SIGT you had at that snapshot for STRAKS at 4:1, otherwise you can mine or buy straks just like everyone else.

To be clear, the devs here DO NOT have to do any of this for the SIGT holders, they could start a new coin fresh without the swap hassle and call it STRAKS, but because they believe in the core idea of the project and the original dev team has abandoned it, they are offering SIGT users a chance to recover some of their losses from coin that has no future.

[espirit1980]

34 million cooins after swap.. and then masternodes. who will mine this ??

[carabin84]

Interesting project ...

[machamizu]

I have question about starting supply.

---from OP---
---Starting Supply: 34,375,000 post swap + 20% Team Equity Share = 41,250,000 (4.58% of the total 150 million supply)---

What is '4.58%' saying about? isn't 41,250,000 = 27.5% of 150 million supply?
sorry if I'm asking stupid question.

You may ask any question, you should never feel that they are stupid questions either. You are part of the community and a potential investor, it is your right to get more information if you are confused by the way it was written. I have re-written it slightly to hopefully make it a bit clearer:

Starting Supply: 34,375,000 post swap + 20% added as incentives in equity share to the team (6,875,000 team equity share). This brings the total supply at launch to 41,250,000. The team equity share equals 4.58% of the total 150 max million supply. The equity share will still be paid on a monthly/quarterly basis. The payments will be handled by Cryptovore and Squbs in an open transparent manner. The public will at all times have full overview of payments executed.

That makes perfect sense. Thank you so much for answering my question kindly.

[tpd09]

SIGT up 72%?? Is there new news that came out that I am not aware of?

has to be pure speculative buys, on the swap in Dec