Topic: [ANN] Signatum 2.0 - page 52. (Read 102089 times)

And yet another token relaunching and tacking advantage of the new investors, why not focus on the project you already have going instead of abandoning it?

The project requires continuation, the original Devs have absconded and taken the code and keys with them effectively locking out any progress unless they return, it is necessary to protect peoples investments for the future.

gurumeditation

full member

Activity: 280

Merit: 101

And yet another token relaunching and tacking advantage of the new investors, why not focus on the project you already have going instead of abandoning it?

How can you work on a project if only the original devs (who disapeared) have the core keys ?
Please read the announcement on the website, if you see any better option feel free to contribute.
And for your information, signatum was not a token, new signatum will not be a token

gurumeditation

full member

Activity: 280

Merit: 101

Hi to all, its quite obvious whats going on here...they are trying to get the most out of it, for themselves, not for the community. Theres nothing fair left on this one, theyre pushing people into something which is only good for them. They dont care about the community, they just take it as a vehicle to reach their agenda. they never implied the community as a whole in this process, they just hope: "We all sincerely hope that you will agree that this is the best direction for Signatum and we welcome you all to join us and help us execute on our vision for Signatum." They talk about transparence but the opposite is the case.

They try to find a solution for this coin. They don't have full access to the core so nothing is possible in term of improvement atm.
They give you the possibility to get coins on the (future) new chain.
If you want to stick on the old chain when the swap process will be active, no problemo, you can. But the v1.0 chain cannot be improved if the originals devs don't come back (and nobody knows if they will).
So yeah, this is the best direction in my opinion. It can be seen as a new coin, but any signatum holder will be able to swap their coin, so the choice is yours.
About the premine, I don't care, we all see that all coins with no reward for the devs are super hard to maintain. We all see what happened with the "fair" signatum.
There is shit tons of good coins with premine or fees (33% on whale !), if the devs work and deliver on time, I'm fine with it.
If you have a better idea, feel free to contribute.

UtopianMessiah

newbie

Activity: 49

Merit: 0

Quote from: max1111 on October 23, 2017, 08:02:08 AM

so SIGT holders will lose 75% of their coins and you take 20% overall as premine for yourself?
you really think that's a good restart for a coin where the holders got already scammed by the "no premine" joke?

How will holders loose 75%? Do you know any math at all? and have you ever heard of recapitalization in the business world?
And premine will be minor portion of total circulation. If they succeed you'll make 10x, or as it stands you will make -95%.

Tough choice right?

Flowenf

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This is great news! Well done, all the best for Signatum 2.0

Ginzink

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Activity: 462

Merit: 118

I believe that an adequate commission is 5% for developers and 5 for a marketing fund. Otherwise, no one will mine it. Show me at least one coin with a commission of 28%? This is a stupid idea!

Comments like theese is why they need to clarify it. It is not 28% of max supply. It is on the page though when i read it again, but alot of poeple dont read all that text Tongue

"The total swap supply will be 34,375,000 coins, 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."

So the pre mine allocated for devs is under 5% after 20 years. Which means in the coming years it is quite high, but gets lower. There have been coins with a high premine having success tho, and we got a big community. Also they are giving 62%, not as airdrops or ico or any of that. But to the miners/investors of Sigtnatum.

I still have faith, but the coming months will be exciting. Signatum is a high risk/reward coin, just how i like it! Not in crypto for the small profits Tongue

UtopianMessiah

newbie

Activity: 49

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The devs did not need to do this. They could have just launched a new coin and not persisted with the Signatum baggage and rep. Judging by a few responses here, it would have served them better.

arch365

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Activity: 193

Merit: 100

Quote from: max1111 on October 23, 2017, 08:02:08 AM

I believe that an adequate commission is 5% for developers and 5 for a marketing fund. Otherwise, no one will mine it. Show me at least one coin with a commission of 28%? This is a stupid idea!

zcoin have 20%

max1111

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I believe that an adequate commission is 5% for developers and 5 for a marketing fund. Otherwise, no one will mine it. Show me at least one coin with a commission of 28%? This is a stupid idea!

doyeen

member

Activity: 97

Merit: 10

Is this coin now in pos era alone now ?

marv1n

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Activity: 334

Merit: 103

Quote from: Leass on October 23, 2017, 07:28:31 AM

Quote from: Ginzink on October 23, 2017, 07:26:42 AM

Quote from: jyakulis on October 23, 2017, 07:22:14 AM

Quote from: marv1n on October 23, 2017, 07:19:19 AM

what i'm not understand; by the coin swap the supply will reduce to 34,375,000 + 6,875,000 (Premine Dev fee) + 2,750,000(treasury fund) = so new blockchain starts with about 44,000,000 sigt 2.0
There will also re-introduce PoW as well as incorporate Masternodes.

what will the new max supply? Huh

As website stated yesterday there is no MAX supply.

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 fork. 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.

In current state no max supply. But in the new chain they will create, will we have max supply there? That is the question.
And with POS coin, can there be max supply?

Yup, after all coins are created, stakers get transactions fee as staking reward

Well, they didn't state anywhere that they want to introduce max supply. So right now we can assume that there is no max.

ok thx, no max supply, check. Nothing wrong with that

what should be the supply by PoW? or how much coins can be generated per annum?

Epicyclic

full member

Activity: 280

Merit: 100

Quote from: love dark on October 23, 2017, 07:36:22 AM

i can't sync sight wallet. please help me?

Hi Love Dark,

Have you added to the list of nodes in your config file?

love dark

newbie

Activity: 1

Merit: 0

i can't sync sight wallet. please help me?

Ginzink

full member

Activity: 462

Merit: 118

Quote from: Leass on October 23, 2017, 07:28:31 AM

Quote from: Ginzink on October 23, 2017, 07:26:42 AM

Quote from: jyakulis on October 23, 2017, 07:22:14 AM

Quote from: marv1n on October 23, 2017, 07:19:19 AM

what i'm not understand; by the coin swap the supply will reduce to 34,375,000 + 6,875,000 (Premine Dev fee) + 2,750,000(treasury fund) = so new blockchain starts with about 44,000,000 sigt 2.0
There will also re-introduce PoW as well as incorporate Masternodes.

what will the new max supply? Huh

As website stated yesterday there is no MAX supply.

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 fork. 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.

In current state no max supply. But in the new chain they will create, will we have max supply there? That is the question.
And with POS coin, can there be max supply?

Yup, after all coins are created, stakers get transactions fee as staking reward

Well, they didn't state anywhere that they want to introduce max supply. So right now we can assume that there is no max.

Thank you for clarifying. Not to worried about no max supply, what matters is inflation. And that they lock up the premine for devs.

Leass

full member

Activity: 182

Merit: 100

Quote from: Ginzink on October 23, 2017, 07:26:42 AM

Quote from: jyakulis on October 23, 2017, 07:22:14 AM

Quote from: marv1n on October 23, 2017, 07:19:19 AM

what i'm not understand; by the coin swap the supply will reduce to 34,375,000 + 6,875,000 (Premine Dev fee) + 2,750,000(treasury fund) = so new blockchain starts with about 44,000,000 sigt 2.0
There will also re-introduce PoW as well as incorporate Masternodes.

what will the new max supply? Huh

As website stated yesterday there is no MAX supply.

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 fork. 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.

In current state no max supply. But in the new chain they will create, will we have max supply there? That is the question.
And with POS coin, can there be max supply?

Yup, after all coins are created, stakers get transactions fee as staking reward

Well, they didn't state anywhere that they want to introduce max supply. So right now we can assume that there is no max.

Ginzink

full member

Activity: 462

Merit: 118

Quote from: jyakulis on October 23, 2017, 07:22:14 AM

Quote from: marv1n on October 23, 2017, 07:19:19 AM

what i'm not understand; by the coin swap the supply will reduce to 34,375,000 + 6,875,000 (Premine Dev fee) + 2,750,000(treasury fund) = so new blockchain starts with about 44,000,000 sigt 2.0
There will also re-introduce PoW as well as incorporate Masternodes.

what will the new max supply? Huh

As website stated yesterday there is no MAX supply.

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 fork. 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.

In current state no max supply. But in the new chain they will create, will we have max supply there? That is the question.
And with POS coin, can there be max supply?

Leass

full member

Activity: 182

Merit: 100

Quote from: jyakulis on October 23, 2017, 07:22:14 AM

Quote from: marv1n on October 23, 2017, 07:19:19 AM

what i'm not understand; by the coin swap the supply will reduce to 34,375,000 + 6,875,000 (Premine Dev fee) + 2,750,000(treasury fund) = so new blockchain starts with about 44,000,000 sigt 2.0
There will also re-introduce PoW as well as incorporate Masternodes.

what will the new max supply? Huh

As website stated yesterday there is no MAX supply.

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 fork. 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.

jyakulis

sr. member

Activity: 469

Merit: 250

J