Disclaimer: As of March 5, 2024, the information presented in this report is accurate to the best of my knowledge. However, the cryptocurrency market is constantly evolving, and readers should conduct their own research before making any investment decisions.
Signum (SIGNA)
Project Introduction and Brief Summary:
Signum is a community-driven blockchain platform that utilizes the Proof-of-Capacity (PoC+) consensus mechanism. It aims to provide a secure, scalable, and sustainable environment for building decentralized applications (DApps) and facilitating digital payments. The native cryptocurrency of the Signum platform is SIGNA.
Project Release Date & Token Release Date:
- The exact date of the Signum blockchain launch is not publicly available. However, information suggests it was launched in late 2014.
- The SIGNA token release date also remains unclear, but it is estimated to be around the same time as the blockchain launch.
Market Capitalization:
- Approximately $2.7 million (as of March 5, 2024)
Current Price:
- Approximately $0.0013 (as of March 5, 2024)
Exchanges where the cryptocurrency is currently listed:
- Indodax
- XeggeX
- https://github.com/signum-network/signum-node (WSIGNADEX)
Competitors:
- Ardor (ARDR)
- Nxt (NXT)
- Byteball (GBYTE)
Use Cases:
- Digital Payments: SIGNA can be used for fast and secure peer-to-peer transactions.
- Smart Contracts: Signum’s SmartJ platform allows developers to create and deploy smart contracts for various applications.
- Tokenization: Businesses and individuals can create and manage their own tokens on the Signum platform.
- Data Storage: Users can securely store data on the blockchain using Signum’s Burst file storage system.
Technology:
- Proof-of-Capacity (PoC+) consensus mechanism
- Java-based programming language for smart contracts
- Secure messaging and encrypted communication
Smart Contracts and Audits:
- Signum utilizes Signum SmartJ, a Java-based platform for developing and deploying smart contracts.
- While Signum claims its code is regularly audited by internal and external security experts, no publicly available audit reports were found.
Investors or Partners Involved (within the last 90 days):
- No recent news regarding investors or partners specifically joining the Signum project was found within the last 90 days (as of March 5, 2024).
Amount of Money Raised during Presale/ICO/Seed Rounds:
- Information about the amount raised during the initial funding stages of Signum is not publicly available.
Token Distribution %:
- The exact token distribution is not publicly available.
Token Economics and Use Cases:
- SIGNA is the native token of the Signum platform and serves various purposes:
- Securing the network: Users can participate in PoC+ by committing SIGNA tokens, which helps secure the network and earn rewards.
- Paying transaction fees: Users pay transaction fees in SIGNA to interact with the network.
- Accessing DApps: Some DApps built on Signum may require SIGNA for specific functionalities.
Detailed Token Vesting Schedule:
- Information about a detailed token vesting schedule is not publicly available.
Roadmap:
- The Signum team outlines its development roadmap on their website, highlighting completed milestones and upcoming goals. Some notable achievements include the launch of the Burst file storage system and the implementation of the PoC+ consensus mechanism. Future plans involve improving scalability, security, and developer experience. https://docs.signum.network/signum
Team Members List and Brief Description:
- The Signum team consists of several developers and contributors, but individual details and LinkedIn profiles are not readily available on the official website.
References:
Additional Notes:
- While Signum offers a feature-rich platform with various functionalities, the project appears to have a limited online presence and community engagement compared to its competitors.
- The lack of publicly available information regarding token distribution, vesting schedule, and team details might raise concerns for potential investors.
