Signa Coin - Signum Network

I was going to post this but I really don't understand what "wrapping" is.  Since I don't use Binance but hope to learn.  Is this a way to make crosschain trades without an exchange?

This is excellent news. I do not know much about the subject yet, but I think it's a way to use Signa for trading other coins and vice versa. So basically, Signa just gained an extra major exchange! More people will be exposed to Signa this way and trading volume should increase. And current holders will have more options on what they can do with Signa. 

It looks like there is already a lot of activity already even though this is a brand new announcement. I checked a random block and there were 2 transactions related to WSigna.

Wow.  And just like that, Coin Market Cap has added Wsigna!  Fast 😊

The SIGNUM Hard Fork "Speedway" is coming.  There are now a majority of the nodes running version 3.2.1.  So, if you run a Signum node and are NOT running v3.2.1, you will be disconnected on October 23, 2021!

I hope this is OK to post this link!  This is a cool Promovideo introducing the Signum hardfork Speedway on block 941.100:
https://www.youtube.com/watch?v=5aPP9Y2OE2M

This links to a much needed (and very brief) tutorial on wrapping SIGNA on the Binance smart chain.
https://signum-network.medium.com/d7c7144bb6c8

For instance, the tokens could issue dividends via a smart contract without any user interaction and even vary the dividend amount based on external factors (e.g., number off subscribers, revenue, asset price).  The FZT token for instance could pay dividends (automatically) based on the number of posts made or likes received. 

Excellent news. I loved this announcement. I look forward to the day when FZT can be more automated and maybe even more options become available. Although, I am very happy with the recent BTDEX updates.

Admin, has there been any consideration about future FZT dividend adjustments?  

Yes, I have been considering this for some time. 

The distribution amount will slowly drop as the token is further diluted.

Yes, this is correct assuming FZT holders do not re-invest a little of their daily earnings to buy more FZT. And if the Forex Zone wallet does not buy back any tokens which takes tokens out of circulation. Another factor to consider is people selling off their tokens for better opportunities or to buy back in lower. When this happens, the remaining FZT holders have an automatic boost to their proportional holdings.

2.) A contest that awards random FZT holders

3.) A random distribution to all FZT holders

These ideas are great and it's what I have already been leaning towards. For example, once a week or month and at an unknown day, a random FZT holder is selected to be a winner. The day should be unknown otherwise someone could just buy FZT the day before just to be considered and then sell as soon as the winner is paid. The amount won could be a factor of how much FZT is held at the time of winner selection. So let's say someone holds 10000 FZT, and if the factor is 10, that means 1000 Signa (10000/10) is paid. If someone holds 150 then 15 Signa (150/10) is paid. Doing it this way would prevent someone from just opening many Signa wallets and spreading their FZT out among them all just to increase chances of winning. So it will be based on how much FZT is held instead. What do you think of such an idea?



I welcome other suggestions too. My main objective is to make FZT sustainable and also to keep it from being stagnant too.