HYCON

Hycon (Hyperconnected Coin) is based on a fast and scalable blockchain. In his work he uses the structure of a DAG-directed acyclic graph. The system can simultaneously create a lot of blocks, which allows us to talk about a universal solution to the conflict of transactions. And with the help of Specter, the barrier of double costs is overcome – the consensus algorithm.

The problems that the project solves
Ethereum and Bitcoin were once a real revolution in the field of blockchain technologies. However, these systems have a number of serious shortcomings. Most importantly, the block chains of these platforms are not able to support many users at once. And as the number of users cryptocurrency every day is growing, the speed of transactions has fallen dramatically, and, at the same time, the fees have risen in price.
The creators of the Hycon project intend to implement a new revolution in blockchain technologies – and this will be done with the help of the Infinity Exchange.
As the developers promise, transfers in the network will be high-speed – they will take seconds, and this figure will not grow because of the growth of users. The system also guarantees a high level of security – above all, it is designed to store data from large, serious companies.

Main characteristics
– Exchange on technologies of decentralization. In the list of the main tasks of the team – the formation of a reliable and fast network, which will be possible only through the introduction of the most advanced technologies and innovations.
– Scalability. The developers promise that after the launch of the network in the near future, its speed will be up to 3,000 transactions per second. This is significantly different from other networks, which are becoming more and more slow every day. At the moment this is the best indicator for most blockchains.
– Speed. Exchange operations within the network take place in a matter of seconds. This is possible thanks to the network’s ability to create several blocks every second.

Token
In total, there will be 10 billion tokens in the system, of which only 1 billion cryptonometes have been allocated for sales. The rate during the sales period is 1 HYCON 10 US cents. Hard cap – 30 thousand ETH. The minimum and maximum amounts for investments are set at $ 50 and $ 50 thousand, respectively. You can buy coins for ETH, BTC and LTC. Sales successfully passed from 30.03 to 10.05 2018 in 2 stages (presale and private stage), and coins were issued on June 1.

General distribution of cryptocurrency:
– 10% will be sold out;
– 4% allocated to airdrop;
– 5% will go to the ecosystem development fund;
– 5% team of developers;
– 5% reward pool (bounty);
– 70% of the pool of mining;
– 1% community development.

The funds will be distributed as follows:
– 2% pool of the reserve fund;
– 7% reserves of payments;
– 3% of accounting costs and lawyers;
– 4% share of advisers;
– 6% allocated for marketing;
– 8% is allocated for operating expenses;
– 70% will allocate for research and development.

Site and Documentation
The project web page is available in English and Korean. The site is quite informative, all the links work, there are a lot of valuable graphics. Whitepaper is available in 4 languages - Chinese, Korean, Japanese and English.

Team
The platform is developed by a team of professional developers Infinity Project (Seoul, South Korea). Specialists of the team are engaged in developments in the field of blockchain technologies since 2012. The group of advisers and experts includes 18 high-level specialists, who have vast experience in various fields of business and technology.

Popularity in the social networks
To date, the project actively maintains contact with numerous subscribers in different social networks. Telegram – 9692, Twitter – 3024, Facebook – 2153, Medium – 487, youtube – 258, Reddit – 405. In the group on the Linkedin site – 16 employees. Worth attention is the profile in github – here the team was not afraid to lay out 10 repositories of their valuable developments.

Roadmap
In the third quarter of this year, the Infinity platform will be launched, and in the 4th representatives of the project promise to launch a decentralized exchange.

Conclusion
The project plans to conduct a serious update of the blockchain technology, the need for this has long been for a long time. Presented by professional developers, the network has the highest level of security and very fast transactions. The big plus for the project is also that the system’s token (HYCON) will appear on the exchanges and it can be mined.

Author: saycryptohello