Quote
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).
Some news , about which algo?
Hi aknataga,
Yes the algorithm is Lyra2REv2
Topic: [ANN] Signatum 2.0 - page 26. (Read 102089 times)
Some news , about which algo?
Hi aknataga,
Yes the algorithm is Lyra2REv2
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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).
Some news , about which algo?
So there is no snapshot then? So the swap will be us sending our SIGT to a wallet controlled by the STRAKS team and they credit us 1:4 in a new wallet on the STRAKS chain?
Pretty much this.
How do they effectively burn the coins and prove it? Do they send the coins to a wallet that doesn't exist or something?
I'm repeating myself, but yes, this is how coin burning is handled. Coins are sent to an unreachable address.
You'll be able to find a TXID with your coin amount being sent to the burn address (maybe the swap process will even provide it for you?).
The rest of what I said it right though, the devs don't have to do any of this for the SIGT community, they could just start up their new coin without a swap.
But they are giving us a chance to re-coup some of our losses into this new coin.
But they are giving us a chance to re-coup some of our losses into this new coin.
Agreed.
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?
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.
Nope, there will be a whole new chain. Read the introductory posts again.
So there is no snapshot then? So the swap will be us sending our SIGT to a wallet controlled by the STRAKS team and they credit us 1:4 in a new wallet on the STRAKS chain?
How do they effectively burn the coins and prove it? Do they send the coins to a wallet that doesn't exist or something?
The rest of what I said it right though, the devs don't have to do any of this for the SIGT community, they could just start up their new coin without a swap.
But they are giving us a chance to re-coup some of our losses into this new coin.
So how do Signatum tokens work? Is it the medium for e-commerce exchange?
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?
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.
Nope, there will be a whole new chain. Read the introductory posts again.
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
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.
---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.
Interesting project ...
34 million cooins after swap.. and then masternodes. who will mine this ??
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?
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.
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
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
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.
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.
---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.
SIGT up 72%?? Is there new news that came out that I am not aware of?
One vote for the first option of thw upcoming swap.
Guys may be we will back our lost money 
cant wait end november
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.
---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.
one vote for the first option. thanks.
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