Announcing the Official HYCON ICO Launch Date
Hyper-Connected Coin ICO; March 30th, 2018
Wow! We are extremely proud to announce March 30th, 2018, as the official date of our Initial Coin Offering.
We have been touched by the tremendous community support we have received in our Telegram group and across our social media channels. We are building an active global community and want you to participate in the continued growth of HYCON and follow us on our journey towards mass-adoption and use in the real economy.
The community has spoken and we have listened: HYCON Hard Cap set at $60,000,000 USD
Thanks to its innovative technology, HYCON can be scaled for real-world use. Following this logic, we want to encourage as wide a distribution of people as possible to participate in our ICO on March 30th. Therefore, the minimum contribution will be just $50 USD and the maximum contribution will be capped at $50,000 USD per individual. HYCON coins can be reserved at a starting rate of $0.09 USD (nine cents) for the first two weeks of the crowd sale. The ICO is scheduled for 6 weeks and will end on May 11th, or when the hard cap is reached, whichever comes first.
HYCON, which stands for Hyper-Connected Coin, is the digital asset built on top of a faster and more scalable blockchain developed by the Infinity Project team in Gangnam, Seoul.
Using a DAG (Directed Acyclic Graph) structure, it has the capability to publish several blocks simultaneously with the ability to resolve conflicting transactions and reject double-spends through the SPECTRE consensus algorithm. This makes HYCON a next-generation cryptocurrency which can be used in the real economy.
BENEFITS OF HYCON
Quick transaction confirmation times
Honest transactions can be confirmed or rejected definitively in mere seconds, due to the high volume of blocks published within that time interval.
Transactional throughput up to 3000Tps on a 2MB/s connection can be achieved as a starting point of the project.
The DAG structure coupled with the SPECTRE protocol allows for network latency to be essentially removed as a limiting factor on transactional throughput. Blocks that are received out of order can still be ordered based on their implied position in the DAG rather than the time they were received.
HYCON is Phase 1 of the Infinity Project Ecosystem and positioned for wide adoption as an efficient medium of exchanging value for enterprises, small businesses, governments, NGOs, and individuals. Together with the Infinity blockchain, HYCON will power the Infinity Platform (Phase 2) and Infinity Decentralized Exchange (Phase 3).
Blockchain for All
The Infinity Platform will feature a simple and intuitive user interface to empower anyone with the ability to create their own customized and private Infinity blockchain. For example, enterprise solutions built upon the Infinity Platform will help increase accountability, enhance transparency, and improve data security, thus bringing value to companies and society.
In addition to the need for information security and privacy, so too exists a need for keeping entities more accountable to shareholders, employees, and society at large. Historically, those in positions of power too often abuse their influential position to the detriment of others. Therefore, it is beneficial to ensure that certain information remains immutable while also auditable by the appropriate parties at the same time- The Infinity Platform makes this process more seamless
Today, society places a lot of trust in corporations and other entities to implement their own robust system of checks and balances to ensure the safety of their parts, products, safety procedures and other systems. However, all of these items can be falsified by malicious actors and such systems also leave the door open for inevitable human error. But if organizations have the tools to leverage blockchain technology, they would be able to reduce their liability on existing systems and human error, which will result in improved transparency and trust for all parties.
Malicious actors consistently prove that they are able to subvert even the most robust network security systems of companies and governments worldwide, which has resulted in a huge loss of society’s most personal information, sensitive financial details of users and corporations, as well as a loss of trust in the ability of these institutions to properly safeguard sensitive data. The Infinity Platform lets users build a more secure way to safeguard sensitive data through an intuitive user interface, thereby increasing trust between users and those who store their data.
How to Participate?
Now that you know the date, and the hard cap, you can get prepared for the launch of our whitelist! We have consulted with top legal advisors from the best law firms in Korea to ensure the smoothest procedure possible for our contributors. We will be announcing the full details of the KYC process shortly. Until then, rest assured we are working non-stop to make the HYCON ICO and Infinity Project a great success.
Please follow us on social media to keep abreast of the latest HYCON ICO news and development.
Thank you for your continued support!