Topic: [ANN] Signatum 2.0 - page 42. (Read 102049 times)
mbdmbn, you're right. why devs can't rise total supply to 137Mx4?
The following is an extract from your statement on your website....
"There is currently no cap on maximum coin supply. This means that in the current state, Signatum supply will continue to increase at a rate of 5% per annum through PoS The current, which has not proven to be particularly popular in the community. The supply of approximately 137,000,000 coins, also effectively renders it impossible to add Masternodes or re-introduce PoW in its current state. Earnings for both would ultimately be rendered too low for anyone to be interested in either, especially considering the decline in demand and coin valuation. We have therefore taken the necessary steps to reduce the circulating supply, by introducing a 4:1 swap on the swap. This means that if you hold 100,000 coins today, you will receive 25,000 coins on the new blockchain in exchange. Theoretically, this should not impact the value of your coins, as market cap will organically readjust to accommodate for the change in circulating supply. In theory this means that your coins will be worth 4x current value on the new blockchain. The total coin supply will be reduced from the current 137,000,000 to 34,375,000."
Whoever is in charge of your economic development, you need to get rid of them immediately. Their economic theory is away with the fairies, wishy-washy, whatever you want to call it.
If you have four coins that are reduced to a single coin, while at the same time the total coin supply is reduced by 75%, the same reduction as what you're offering in coins to investors, then it's not possible in any shape or form that "In theory this means that your coins will be worth 4x current value on the new blockchain".
The value will remain the same, that is, if the market cap does adjust to accommodate for the change in the supply. And that's a big "IF".
As far as I can see, it's a shit deal for everyone involved previously, everyone except you and your team.
To make matters worse, you're offering them "choices" in how they can take this further hit and get them to devalue their coins by 75% in the hopes that it does rise 75% so that they can get back to where they are right now in this moment in time concerning the "value" that they hold.
There's two choices on here in the poll and another on your site where you're saying you don't have to swap your coins at all.
It doesn't matter which "choice" they take, the only winners are the people behind this shitshow, to what amounts to be no choice at all. A kind of take it or leave scenario if you will, coming from the people behind this.
"There is currently no cap on maximum coin supply. This means that in the current state, Signatum supply will continue to increase at a rate of 5% per annum through PoS The current, which has not proven to be particularly popular in the community. The supply of approximately 137,000,000 coins, also effectively renders it impossible to add Masternodes or re-introduce PoW in its current state. Earnings for both would ultimately be rendered too low for anyone to be interested in either, especially considering the decline in demand and coin valuation. We have therefore taken the necessary steps to reduce the circulating supply, by introducing a 4:1 swap on the swap. This means that if you hold 100,000 coins today, you will receive 25,000 coins on the new blockchain in exchange. Theoretically, this should not impact the value of your coins, as market cap will organically readjust to accommodate for the change in circulating supply. In theory this means that your coins will be worth 4x current value on the new blockchain. The total coin supply will be reduced from the current 137,000,000 to 34,375,000."
Whoever is in charge of your economic development, you need to get rid of them immediately. Their economic theory is away with the fairies, wishy-washy, whatever you want to call it.
If you have four coins that are reduced to a single coin, while at the same time the total coin supply is reduced by 75%, the same reduction as what you're offering in coins to investors, then it's not possible in any shape or form that "In theory this means that your coins will be worth 4x current value on the new blockchain".
The value will remain the same, that is, if the market cap does adjust to accommodate for the change in the supply. And that's a big "IF".
As far as I can see, it's a shit deal for everyone involved previously, everyone except you and your team.
To make matters worse, you're offering them "choices" in how they can take this further hit and get them to devalue their coins by 75% in the hopes that it does rise 75% so that they can get back to where they are right now in this moment in time concerning the "value" that they hold.
There's two choices on here in the poll and another on your site where you're saying you don't have to swap your coins at all.
It doesn't matter which "choice" they take, the only winners are the people behind this shitshow, to what amounts to be no choice at all. A kind of take it or leave scenario if you will, coming from the people behind this.
Option 1
no one of these options are not good for coin holders
shit. shit. shit
I'm not sure witch option i would chose.
This is the first coin I invested in and mined
So I'll go with any option just so it can go to the sky
This is the first coin I invested in and mined
So I'll go with any option just so it can go to the sky
when the swap and where?
"Trust: -2: -1 / +0
Warning: Trade with extreme caution!"
Can OP explain this?
Warning: Trade with extreme caution!"
Can OP explain this?
Voted for the first option.
Option 1
Hi, I'm sorry but can someone tell me if there is a new wallet released? My sigt wallet has no connection.
Read on https://signatum.org/ that there was an internal feud/problems too. Or is this project on the verge of its downfall?
Read on https://signatum.org/ that there was an internal feud/problems too. Or is this project on the verge of its downfall?
after i read why OP get negative trust, because he always cheats and do not never trust what he has to offer. why people here still believe want to benefit from this project? while OP get negative trust.
You can read all about it here: https://bitcointalksearch.org/topic/ann-signatum-new-algorithm-fair-launch-no-premine-2030529
1st option
1st option too!
after i read why OP get negative trust, because he always cheats and do not never trust what he has to offer. why people here still believe want to benefit from this project? while OP get negative trust.
To those who would like to vote but cannot do so here due to their rank, are kindly invited to participate in the #polls on Discord https://discord.gg/Z3sztp
i seem not to be able to vote......
It appears only Junior members or above can vote.
i seem not to be able to vote......
I don't understand why option 2 needs to be 1/20th?
I vote option 3, You get ONE coin on the new blockchain for every FOUR Signatum V1 coins you swap to the new blockchain. You will then get to keep your Signatum V1 coins in the process too and are free to trade them afterwards. Hence no coins will be burned.
I vote option 3, You get ONE coin on the new blockchain for every FOUR Signatum V1 coins you swap to the new blockchain. You will then get to keep your Signatum V1 coins in the process too and are free to trade them afterwards. Hence no coins will be burned.
Burning coins creates the assurance that any swapped coins will not be dumped on unsuspecting buyers and it is the fairest option for everyone.
Read the third post of the ANN again.
I don't understand why option 2 needs to be 1/20th?
I vote option 3, You get ONE coin on the new blockchain for every FOUR Signatum V1 coins you swap to the new blockchain. You will then get to keep your Signatum V1 coins in the process too and are free to trade them afterwards. Hence no coins will be burned.
I vote option 3, You get ONE coin on the new blockchain for every FOUR Signatum V1 coins you swap to the new blockchain. You will then get to keep your Signatum V1 coins in the process too and are free to trade them afterwards. Hence no coins will be burned.
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