A bored univ. student currently testing on Sigmoid token for fun. If you want to buy a drink for a poor guy who lost a penny due to a recent news about quantitative tightening, this is a right place for you!
Sigmoid is a new ASIC-resistant KIP-7 token with a relatively new memory-hard hashing algorithm. For minting, Sigmoid uses Balloon hashing for its key derivation function, which is a NIST-recommended algorithm theoretically proven to be memory-hard. In this way, we expect to achieve thorough decentralization and bring about short-term energy-efficiency and equality through incapacitation of ASIC miners.