Cygnus (CYG) - Dead Coins

Cygnus (CYG) - Abandoned or No Volume | Coinopsy

Cygnus was founded in 2016, it is not trading on any exchanges. Cygnus was added to the dead coins list due to being Abandoned or No Volume. Founder/CEO is Unknown.

Summary

  • Main reasons for dead coin listing Abandoned or No Volume.
  • Started 2016, Ended 2016.
  • Social media ended 2016.
  • Trading ticker (CYG).
  • 13,815,013 Coins total.
  • Not available to trade on any exchanges.
  • Was built on standalone blockchain.
  • Website is down.
  • The Founder/SEO is Unknown.

Further Details

Notes

From the very beginning, Cygnus was developed, created and designed with the vision of what should a cryptocurrency optimally provide to it's miners, traders, users and the overall community. Our conclusion is that the key points are decentralization, egalitarian distribution, network stability, ease of access and use. Following this path we created Cygnus and the POW/POS hybrid block generation method was selected for blockchain security and stability. Besides the technical development our main purpose is to orientate the whole distribution and development process towards community. We would like to keep the crowd up to date and give them the opportunity to contribute and influence the pathway which Cygnus will follow in the future, therefore now we are launching pretty much a basic blockchain, to distribute initially the coins, further development phases will be decided in our monthly consensus polls. The consensus polls will begin at the 1st of every month having a 3 week submission phase and a 1 week voting phase. The first consensus poll will start at 1st March 2016. Taking these facts in consideration, we planned the reward structure to be fair for everyone. This means that, we set up the Proof-of-Work block rewards in such a way that don’t disadvantages or advantages any miner. We achieved this by setting up high reward blocks, which aims the early miners, early POOL miners and even the latecomers. To create a totally egalitarian distribution structure we will give the chance to people, who don’t possess any high-end GPUs or any other mining equipment, to get involved in our project. For these users we prepared an airdrop/giveaway and numerous bounties which will help to get more people involved in Cygnus.

Links

https://coinmarketcap.com/currencies/cygnus/ https://bitcointalk.org/index.php?topic=1374941.0

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