Recently, I decided that I should document a record of my research regarding new low marketcap altcoins. Disclaimer: This research does not reflect my investments, and I'm not recommending any sort of investment either.
I came across this coin while browsing the announcements page on Bitcointalk.org. This one particularly caught my eye because on the page it is explicity stated that there is no premining, no ICO, and a fair launch. It was also interesting to note that after 100,000 blocks have been mined the coin switches from proof-of-work to proof-of-stake consensus mechanisms. Here is the listing of the main details regarding the coin from the bitcoin talk page:
. Signatum with ticker SIGT
. New Proof of Work Algorithm, SkunkHash Raptor
. No ICO
. No Premine
. Fair Launch
. Estimated Block Time: 2 Minutes
. Total PoW Coins: 137,500,000
. PoW/PoS after block 98500
. Last PoW Block: 100,000
. Pure PoS after block 100,000
. PoS 5% Annual Interest
. Dark Gravity Wave v3 Implemented for PoW stage
. Ports 33333-p2p /33334-rpc
. Coin Maturity, 60 Confirmations
. Reward Structure
Signatum's tagline Your crypto identity shows its positioning as a privacy-centric coin, it seems to be in a very early stage currently as there is no whitepaper, team listing, or any sort of major news regarding the coin. Therefore an investment in this coin would be a highly speculative move.
Thankfully, there is a Github repository which includes more details regarding the coin and its algorithm. A link from the GitHub repository points to a page that has more details regarding the coin and how to set up its miner for NVIDIA or AMD graphics processors you can view that link here.
There are SIGT/BTC, SIGT/LTC, SIGT/DOGE pairs on Cryptopia, at the time of this writing the market statistics on volume are:
Volume: 9.84319267 BTC / 1533991.09733175 SIGT
Volume: 8.89118728 LTC / 19968.12611587 SIGT
Volume: 21507.98262559 DOGE / 2409.72024138 SIGT
The coin prices in at 0.00000778 BTC which is equivalent to around $0.02 USD. You can follow Signatum on Twitter here to keep up with latest news in regards to the coin.
Personally I think should Signatum get into more exchanges the price of the coin should rise, but the lack of a proper team page, whitepaper, Reddit community are a few red flags to watch out for. Since this is a brand new coin these things will probably fixed down the line. I'll definitely be keeping an eye on this one though.
