Website

Hycon (HYC)

ICO

Last updated: May 04, 2018

HYCON, which stands for Hyperconnected Coin, is the digital asset built on top of a scalable blockchain.

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Overview

Project industry	Finance Services & Banking
Product type	Technology
Whitepaper	Open

What is Hycon

Quick transaction confirmation times. Honest transactions can be confirmed or rejected definitively in seconds, due to the high volume of blocks published within that time interval.
On-chain Scalability. Transactional throughput up to 100Tps on a 1MBit/s connection can be achieved as a starting point of the project.
Latency Tolerance. 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.

Details

Pre-sales: Mar 12, 2018 - Mar 16, 2018
Public sales: Mar 30, 2018 - Apr 30, 2018
Hard cap: 50,000,000 USD(fiat)
Raised: 68,000,000 USD

Legal

Country limitations: China, United States

Bounty

Bounty: 5%

Token info

Ticker: HYC
Type: Cryptocurrency
Token standard: No
Accepted currencies: BTC, ETH, LTC
Bonus program:
All presale tiers will include a 30% presale bonus.
Token distribution:
4% - Airdrop
5% - Ecosystem Development Fund
5% - Bounty
5% - Team
10% - Investor
70% - Public Mining
1% - Corporate Social Responsibility
Funds allocation:
2% - Reserve Fund
7% - Payment Reserves
3% - Legal & Accounting
4% - Consultant
6% - Marketing
8% - Operating Expenses
70% - Research & Development