Signum

What is Signum?

Signum introduces an impactful blockchain solution to the global stage, prioritizing sustainability. Much like Bitcoin, Signum offers Signa, a digital currency managed, traded, and stored through a decentralized ledger system, eliminating the need for intermediaries, payment gateways, or banks.

However, Signum transcends mere digital currency functionality. As a versatile platform, it empowers the creation of unstoppable, censorship-resistant decentralized applications. Individuals can generate digital assets (tokens) with limitless potential for application, extending beyond exchanges, marketplaces, financial services, and games. What sets Signum apart is its true sustainability, a notable contrast to other cryptocurrencies such as Bitcoin or Ethereum.

Recently detailed in its whitepaper, Signum claims the title of the world’s first genuinely sustainable blockchain. Its energy consumption is less than 0.002% of Bitcoin's, achieved through the use of consumer-grade hardware that is easily repurposed, thereby sidestepping the issue of e-waste associated with other cryptocurrencies.

Beyond environmentally conscious mining, Signum's architecture incorporates user-friendly smart contracts, secure payment solutions, token generation, peer-to-peer messaging, and customizable data shortcuts (aliases). In addition to facilitating digital payments, Signum provides decentralized finance, games, and applications in a secure and censorship-resistant manner, further underscoring its commitment to innovation and sustainability.

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Recent Video Interview

Main points of the interview:

• Signum Networks Community Meetup: Oliver introduces SNS (Signum Name System), similar to ENS.
• SNS, in alpha, to release beta on mainnet next week.
• Previews liquidity pools for Signum Swap.
• Discusses real estate asset management on Signum blockchain.
• Signum's role in circular economy, ESG initiatives for social, environmental responsibility.

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Creating Tokens with Signum

In addition to its native coin, Signa, users have the capability to generate their own coins (tokens) within the chain, commonly referred to as colored coins or assets. These tokens boast an equivalent level of security and features as Signa.

These tokens can serve various purposes, such as investment, value storage, making purchases, representing points in affiliate programs or company shares, and can even incorporate governance mechanisms. When initiated through an initial coin offering, tokens are frequently employed to raise funds via crowd sales.

Creating a token is a user-friendly process, requiring just a few clicks to define its ticker symbol, total supply, and maximum number of digits. Signum tokens become operational immediately upon creation. In addition to facilitating the sending and receiving of tokens through Signum's decentralized token exchange, tokens can also be exchanged for Signa.

Tokens created with Signum enjoys many advantages:

• Naturally Fungible: The ability to transfer, buy, and sell becomes instantly available upon token creation.
• Cost-Effective: Token creation incurs a fee of 150 Signa, with no additional costs post-creation.
• Global Accessibility: Signum tokens are globally accessible, leveraging the underlying blockchain technology.
• Smart Dividend Payments: Signum introduces a "Distribute to Token Holders" transaction, allowing the distribution of Signa and/or another token to a maximum of 1,200,000 holders per block in a smart and efficient manner.

Signum Team Background

Since 2019, the dedicated core development team, along with its expansive and active tech community, has been diligently shaping the foundation of Signum. Signum originated from the earlier blockchain, Burstcoin, which marked its genesis block in 2014. The Signum Network Association, a Swiss Not-for-Profit Organization, is the driving force behind Signum, providing backing and fostering the network's development to realize its vision of a sustainable and innovative blockchain.

Signum Project Development

The Signum Blockchain has recently unveiled a novel staking contract standard, SIP-45, providing users with a straightforward and secure method to stake their preferred tokens within the network. This innovative standard is crafted to enhance accessibility and flexibility in staking, empowering users to tailor contracts according to their preferences and requirements.

With the introduction of this staking contract standard, users now have the ability to stake any token of their choosing, provided the contract's creator has designated it as a pledgeToken. Upon submitting their pledgeToken to the contract, it will automatically generate a stakingToken, dispatching it to the user's address. This streamlined process allows users to engage in token staking effortlessly, earning rewards without the complexities associated with creating new tokens or setting up fresh staking pools.

The new staking contract standard brings forth a variety of customizable parameters, enabling contract creators to align their staking contracts with their unique specifications. These parameters encompass:

• Payment interval: The minimum number of blocks between reward distributions.
• Minimum Signa requirement: The minimum amount of Signa necessary to trigger a distribution.
• Maximum Signa distribution: The maximum amount of Signa that can be distributed per interval.
• Minimum stakingTokens: The minimum number of stakingTokens required for eligibility in distribution.
• Staking contract expiry: A setting of either infinite duration or a specified date in the future.
• YieldToken distribution: The additional token, besides Signa, to be distributed.
• Signa ratio: The fixed ratio of staking tokens to Signa rewards.
• Token ratio: The fixed ratio of staking tokens to additional token rewards.
• Lockup period: The duration tokens transferred to the contract are locked.

Signum Price Analysis

As of November 24 2024 Signum has a marketcap of $3.2M. This is {{percentagefromath}} from its all time high of $0.121937. In terms of its tokenomics, there's a total supply of 2.2B with 100% currently outstanding. Keep in mind Signum has a fully diluted value of $3.2M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.