]SIGT] What is it, and should you invest in it?

Ticker: SIGT
Hasing algorithm: SkunkHash Raptor
Estimated block time: 2 minutes
Total supply of PoW coins: 137 500 000
PoS after block: 100 000 (current blocks around: 43 000)
Annual PoS interest: 5%
TX confirmations: 6 confirmations

linuxguy (43)in #cryptocurrency • 7 years ago (edited)

A few days ago I found about a new cryptocurrency called Signatum or, SIGT. It uses a new SkunkHash Raptor algorithm that is currently PoW, with a switch over to PoW/PoS Hybrid, followed by PoS. This coin is very new, first entering the market around July 18th (see their ANN thread, link at the end). It was released without a pre-mine, and no ICO, as well as being ASIC resistant, but GPU friendly. My GPUs are loving it, and I'm getting on average 120MH/s a day, which is an insane $13USD, and in Canadian fiat currency that is a good chunk of change for a days worth of mining. Their wallet also features Tor integration, as well as a special Daemon for RPi2/3 devices.

With it being a privacy oriented cryptocurrency, and solid project roadmap, and the upcoming release of their marketplace application, it could be a solid potential long-term herm hold, especially when it switches to PoS. Right now we are at roughly 43K block height, so just shy of halfway to the PoS switch over. With it being incredibly easy to mine, and reasonably cheap ($0.10 CAD), if the developers hold up to their promise it could turn out very well both in terms of a new privacy centered ecosystem, and your investment portfolio.

I decided to test the waters with mining, and decided that since it is the most profitable crypto to currently mine, and a potentially promising future, that an initial investment of $100, and switching to mining it that it would be a good long term hold for a small amount of money.