Making life online easier with Signatum (SIGT)

loonyfool (51)in #cryptopedia • 6 years ago (edited)

Back in the early Internet days, when it wasn't democratized yet, we had to literally struggle in order to get things done the right way, in order to send a message for example. You had to go through multiple pages and multiple requests. But this was before Google and all the mailing systems appeared. A coin has been set up in order to simplify these tasks even more. Let's talk about it.

-----About the coin

The coin was launched on July 16th 2017 and its initial value was 0.025 $. Technically speaking, what we can notice is the fact it uses a new hashing algorithm called SkunkHashRaptor which indirectly encourages more fairness for miners and investors.
The main purpose of Signatum is to offer seamless utility on both public and Tor markets, that is to say, more coherent connections, easier, faster and more homogeneous ways to interact with sites, thanks to the integration of Signatum into applications like payment platforms, exchanges or marketplaces.
For more accurate information, especially for those who are looking for useful data about the mining process and how to buy it, I didn't manage to find much technical information on this coin, especially from their main site which doesn't seem to work. But thanks to @cryptovore 's earlier post on Steemit, I did manage to have some more relevant data linked with that coin in order to complete my presentation:

https://steemit.com/cryptocurrency/@cryptovore/signatum-sigt-is-now-officially-trading
https://steemit.com/cryptocurrency/@lifipp/signatum-why-you-should-invest-in-it-or-mine-it-or-both
https://steemit.com/bitcoin/@cryptovore/what-signatum-is-and-how-to-mine-it

-----Evolution

Evolution of Signatum's value from its creation until now.

Screenshot from 2018-01-18 04-59-44.png

What we can deduce from this graph is the fact it quickly rose up from about 0.02$ to almost 0.1$ during its 1st month. But just after that, we have a typical exponential decrease pattern that we already saw with ChessCoin in the previous post. Maybe it has kept decreasing until now, but it still has had 2 main little bursts in little periods of time, which leads us to a more accurate analysis on these particular "time windows".

Evolution of Signatum's value during the last 3 months (November 2017 to January 2018).

Screenshot from 2018-01-18 05-33-55.png

What we see here is 2 clear bursts happening in the end of November and in the beginning of January 2018. The first burst happens exactly on November 13th, the initial value being multiplied by 5 in 10 days (from 0.006 to 0.03$). But it goes back to its initial value only 3 days after that peak.
The second burst happened more recently, between December 26th and January 3rd (peak), with an initial value of 0.01$, and a peak of 0.05$. About 5 days later, it quickly came back to its initial value which is the same right now.

-----My personal view

Even if its rank is only 764 for now, I see this coin as a rare opportunity of getting things done faster and easier, more particularly inside this crazy world of cryptocurrencies where literally everything has to be accelerated in order to satisfy the users. It can also be a very interesting means of standardizing the processes which are inherent in the use of both public and private or anonymous networks like Tor, so that users won't need to get used to a new way of interacting with the applications when they switch from one network to another. In that way, the whole Internet system will be more and more user-friendly. This has to be the ultimate dream to reach.
I know Tor is often mistakenly associated with crimes, but this is not only for that. A few percentage of it is where those criminal people try to hide. But it is the same anywhere else in the world, so don't demonize Tor, it is really useful for a lot of other purposes, like journalists who want to publish alternative news that the governments are trying to avoid being spread.

That's it ! Thanks for your attention ! I will be back soon with more of the same kind ! Stay crazy and keep making fun of life instead of letting it make fun of you :D

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