The recent, and growing trend in new cryptocurrencies and tokens has been to fund development through Initial Coin Offerings (ICOs), pre-mining large quantities of coins (leading to a centralized distribution), or through alternative hybrid methods. Funding methods that allow developers to control large amounts of a coin’s circulation may lead to coin devaluation (particularly in the case of developer “dumping”) and forces investors to abide to a fixed team. In the event of an unsuccessful project, the investor has no voice to the outcome.
Signatum launched on July 18th, 2017, with no pre-mine, no initial offering, no developer fees and no bounties. Signatum launched with a focus on creating a highly responsive and secure network that provides a fair environment for all miners and investors. Aimed at decentralizing coin ownership as much as possible, it includes an aggressive mining algorithm that targets GPU miners and diminishes the opportunity for Application Specific Integrated Circuit (ASIC) development with an accelerated proof-of-work (PoW) phase. Signatum prides itself on being a 100% decentralized community with a driven concept, where anyone can contribute to the development and direction of the coin, just as Bitcoin was initially intended. The lack of ICO and development funds allows investors to also provide significant input and direction in a way that is non-existent in ICO based coins.
signatum