Hycon(HYC) coin introduction

Basic Information:

English full name: Hycon

English abbreviation: HYC

Chinese name: None

Project Jurisdiction: South Korea and Hong Kong

Investors: Amplifi Capital, Chaineer, Ten8, THE CREATIONS GROUP

Information on the scale and quantity of applications that have been implemented: Nowon digital cash area project, bidding system project in cooperation with the Yeongdeungpo District Government, Yeongdeungpo District Mental Health Management System in cooperation with the Yeongdeungpo District Government, Up-Musuc digital encryption copyright platform, and electronic transaction record blockchain system in cooperation with BusinessON.

Project Introduction: HYCON, abbreviated from Hyperconnected Coin, is a digital asset based on a faster and more scalable blockchain developed by the Infinity project team. It uses a DAG (directed acyclic graph) structure, can publish multiple blocks at the same time, and can resolve conflicting transactions and reject double spending through the SPECTRE consensus algorithm.

Release and circulation information:

Total issuance: 10 billion HYC

Circulation quantity: 1.9 billion (2018/7/17)

Private placement time: 2017/9/25

Total private placement: 1,134,635,292 HYC (approximately US$74 million)

Private placement costs:

1HYC=0.052USDT

1HYC=0.093USDT

1HYC=0.041USDT

1HYC=0.168USDT

ICO time: 2018/3/30

Total ICO amount: 65,168,127HYC (US$9 million)

ICO cost: 1HYC = 0.138 USDT

Share allocation:

Airdrop: 4%

Ecological construction: 5%

Later bonus coins: 5%

Team holdings: 5%

Contributors to the project: 10%

Mining: 70%

Corporate social responsibility: 1%

Related Links:

Official website: www.hycon.io

Whitepaper link: https://hycon.io/doc/whitepaper_en.pdf