It is 5%.
Signatum Swap and Developers Premine InformationIn the spirit of full transparency please read the following information carefully and ask questions on the STRAKS Discord server if you are unsure of anything.
No Technical Association with Signatum
This is a new digital currency and it shares no technical association to Signatum other than its superficial placeholder name and proposed “proof-of-burn” style swap mechanics. This is simply a free coin-swap to a new and much better currency, where you are invited to swap your Signatum coins towards. Under no circumstance are you forced to do so. It is simply a gesture we have decided to extend to the Signatum community in the light of the recent scam by the old Signatum developers and emotional turbulence that Signatum investors have experienced. The whole team was in agreement that this was a better alternative in order to preserve value for Signatum investors and help promote a clean, trustworthy and community orientated cryptocurrency sector.
The Coin Swap Community Poll
The coin swap poll was initiated on October the 30th and concluded on Saturday the 4th November. From the poll-data it is evident that the community is in great favour of the 4:1 swap, which includes burning the Signatum coins that will be received during the swap process. Across Bitcointalk and Discord 319 community members passed their vote. An overwhelming 85.27% of voters were in favour of the 4:1 swap and burning the coins in the process, while just 14.73% preferred the 20:1 option that would have allowed them to keep their Signatum coins after the swap. As the community has spoken and decided on the matter, we will initiate a 4:1 coin swap and burn all Signatum coins that we receive in the process. We personally also believe this to be the best option, as it ensures that fewer people may be affected by the Signatum situation going forward. Nobody should profit at the expense of others, simply because they may not have the full overview of the situation when purchasing.
The Swap and Developers Funds
Instead of premine, primarily due to the new REV1 payment rebalancing algorithm requiring tracking of supply information, an instamine was added to Block 1 for the total of 41,250,000 STAK.
The calculation of the swap and developer funds buffer is as follows:
Swap Ratio: 4 SIGT : 1 STAK
Signatum Circulation (approx): 137,000,000 SIGT
Assumed Circulation for Swap (0.36% buffer): 137,500,000 SIGT
*(Buffer covers 30 days swap period POS generation)*
STRAKS Swap Allocation: 34,375,000 STAK
STRAKS Swap Allocation (% of Max Supply): 22.9%
STRAKS Developers Allocation: 6,875,000 STAK
STRAKS Developers Allocation (% of Max Supply): 4.6%
Coins that remain unswapped of the initial dedicated swap supply: 60% will be dedicated towards the treasury fund and 40% will be used for air-drops (with minor requirements to increase exposure and awareness). Full transparency will be provided and users are encouraged to track primary swap funds address.
Swap and Developer Funds Address(es)
------------------------------------
at the time of writing;
Swap
[0.0] SUUTsZhb7cpXNgZbieKFrE8gocAtL7EK1C
[0.1] SPkVa5cB1kcgJk5rinL3p9w47qnjpej5gm
Developers
[1.0] SUUTsZhb7cpXNgZbieKFrE8gocAtL7EK1C
[1.1] STnW6H7rFWmoXoriS5zjuqBQntnvD1tvhB
Initial Mint to Swap Address:
----------------------------
Block Hash:
[1] 00000b6321951f2ed170bbc9b7a360995176f2df418b0e275149bfce2fde3d6c
{
"hash": "00000b6321951f2ed170bbc9b7a360995176f2df418b0e275149bfce2fde3d6c",
"confirmations": 82,
"strippedsize": 248,
"size": 248,
"weight": 992,
"height": 1,
"version": 805306387,
"versionHex": "30000013",
"merkleroot": "4f70027abe261ca60e37ede92a988594be405dca13bdcbab915872e79ee5ff46",
"tx": [
"4f70027abe261ca60e37ede92a988594be405dca13bdcbab915872e79ee5ff46"
],
"time": 1510792676,
"mediantime": 1510792676,
"nonce": 3848,
"bits": "1e0fffff",
"difficulty": 0.0002441371325370145,
"chainwork": "0000000000000000000000000000000000000000000000000000000000200011",
"previousblockhash": "00000df14d859c4b3219d93978bcf02afc123d2344a2ed39033e1208948aa7c0",
"nextblockhash": "000001c4bb98a9d3863d26325d95d3ed774309a605c9b0b18746f14e50253a4c"
}
Coinbase Transaction:
{
"txid": "4f70027abe261ca60e37ede92a988594be405dca13bdcbab915872e79ee5ff46",
"hash": "4f70027abe261ca60e37ede92a988594be405dca13bdcbab915872e79ee5ff46",
"size": 167,
"vsize": 167,
"version": 2,
"locktime": 0,
"vin": [
{
"coinbase": "510101",
"sequence": 4294967295
}
],
"vout": [
{
"value": 41250000.00000000,
"n": 0,
"scriptPubKey": {
"asm": "OP_DUP OP_HASH160 4ec371eeab928ff421d09f9ed54ec1c98098ab50 OP_EQUALVERIFY OP_CHECKSIG",
"hex": "76a9144ec371eeab928ff421d09f9ed54ec1c98098ab5088ac",
"reqSigs": 1,
"type": "pubkeyhash",
"addresses": [
"SUUTsZhb7cpXNgZbieKFrE8gocAtL7EK1C"
]
}
},
{
"value": 0.00000000,
"n": 1,
"scriptPubKey": {
"asm": "OP_HASH160 1343c8390c5f73d608f4b47e6959d8f3ae863605 OP_EQUAL",
"hex": "a9141343c8390c5f73d608f4b47e6959d8f3ae86360587",
"reqSigs": 1,
"type": "scripthash",
"addresses": [
"33Ssxmn3ehVMgyxgegXhpLGSBpubPjLZQ6"
]
}
},
{
"value": 0.00000000,
"n": 2,
"scriptPubKey": {
"asm": "OP_RETURN aa21a9ede2f61c3f71d1defd3fa999dfa36953755c690689799962b48bebd836974e8cf9",
"hex": "6a24aa21a9ede2f61c3f71d1defd3fa999dfa36953755c690689799962b48bebd836974e8cf9",
"type": "nulldata"
}
}
]
}
Transfer to Developers Address:
-------------------------------
Block:
{
"hash": "00000091f8b8c6f80eed773988516b66a1f5b1c5f3d4f79b9a04dad2ac2d788c",
"confirmations": 47,
"strippedsize": 475,
"size": 511,
"weight": 1936,
"height": 4827,
"version": 536870912,
"versionHex": "20000000",
"merkleroot": "10a1dddf9e7de23eeada61dfa141214f781c7e79d4d128d156df3a0a73ce9eec",
"tx": [
"6efb7d32aa752c234f443eb1cd4c1d874f0d701df5f565e20497937ef3735154",
"244a50f42d5685998ef111435a0047f8fdee5c2cd500f6c14e5cba3a4a773672"
],
"time": 1511115839,
"mediantime": 1511099961,
"nonce": 27792,
"bits": "1e00b2f4",
"difficulty": 0.005587970264341221,
"chainwork": "00000000000000000000000000000000000000000000000000000013c1e58d50",
"previousblockhash": "0000000f269e70087c382256eb88a9e81c5384a2fa2f43e22b03c368923c205f",
"nextblockhash": "0000007a7ec954fab0e3a42aa2b4a8dbec6bf2afaa8dfadcb7c242899c1ab17e"
}
Transaction:
{
"account": "0",
"address": "Sh87ZGfyfQ1XmRKCESgRGVzgUqvqAd72YM",
"category": "receive",
"amount": 6875000.00000000,
"label": "0",
"vout": 1,
"confirmations": 33,
"bcconfirmations": 33,
"blockhash": "00000091f8b8c6f80eed773988516b66a1f5b1c5f3d4f79b9a04dad2ac2d788c",
"blockindex": 1,
"blocktime": 1511115839,
"txid": "244a50f42d5685998ef111435a0047f8fdee5c2cd500f6c14e5cba3a4a773672",
"walletconflicts": [
],
"time": 1511100548,
"timereceived": 1511100548,
"bip125-replaceable": "no"
}
Development of a Discord sever bot that will be used for the coin swap process in December is in full flow.
Users will use the bot on Discord, to initiate and conclude their coin-swap. The specifics of how to perform the coin-swap will be communicated on November 29th. We will make sure that everyone are notified across all channels, so that nobody may miss out on the coin-swap opportunity.
Once the swap-process is initiated, Signatum coin-holders will have a 30 day window, whereby they can swap their coins from Signatum to STRAKS at the 4:1 ratio.
