In the wave of the blockchain industry, the Sign project stands out with its unique business model and sustained profitability. In 2024, Sign achieved $15 million in revenue, becoming one of the few infrastructure projects in the Web3 field to realize positive profitability.
Sign Protocol: The pioneer of government-grade digital infrastructure, Sign Protocol is the core pillar of the Sign ecosystem, positioned as the 'global on-chain verification infrastructure.' It allows users to verify information such as identity, contracts, or assets in a multi-chain environment through a decentralized proof mechanism.
Its technical architecture combines blockchain, zero-knowledge proofs, and Arweave storage, achieving efficient and secure data verification. For example, Sign Protocol allows users to generate zero-knowledge proofs by scanning their passports with their mobile phones, completing identity verification without disclosing sensitive information. This technology has tremendous potential in government-grade digital infrastructure. By 2024, Sign Protocol has already been implemented in countries like the UAE, Thailand, and Sierra Leone, applied in scenarios like e-visas and digital identities. For instance, in Sierra Leone, Sign Protocol supported the world's first on-chain e-visa system, significantly improving administrative efficiency. The success of this government-grade application not only validates Sign's technological strength but also brings stable sources of income.
According to official data, the number of proofs for Sign Protocol grew from 685,000 in 2024 to over 6 million, and the number of proof templates surged from 4,000 to 400,000, showing strong growth momentum. TokenTable: The industry benchmark for token distribution. TokenTable is another major pillar of the Sign ecosystem, focusing on the field of token distribution. Whether it is airdrops, vesting unlocks, or OTC transactions, TokenTable provides efficient and secure solutions. Its core advantages lie in multi-chain support and flexible distribution mechanisms. For instance, TokenTable's 'Unlocker' module allows project parties to set custom unlock plans, while 'signature distribution' supports airdrop activities based on complex conditions such as social media engagement. In 2024, TokenTable distributed tokens worth over $4 billion to 40 million wallets, becoming the preferred platform for token distribution in the Web3 field.
TokenTable's business model is based on service fees, combined with ecosystem incentives of the $SIGN token. Project parties need to pay a certain percentage of fees when using TokenTable, while active users can earn token rewards by participating in distribution activities. This two-way incentive mechanism not only attracts a large number of Web3 projects but also brings considerable revenue to Sign. In 2024, TokenTable's rapid growth, especially in its performance within the TON ecosystem, made it an important pillar of Sign's revenue. The secret to sustained profitability: Sign achieved $15 million in revenue in 2024, exceeding its previous total external financing amount of $32 million.
This achievement is attributed to its clear business model and diversified revenue sources. First, Sign Protocol obtains stable B2B revenue through collaborations with governments and enterprises. Secondly, TokenTable achieves dual profitability in B2C and B2B through service fees and ecosystem incentives. Additionally, Sign effectively managed token supply and enhanced market confidence through its $SIGN token buyback program (which has completed $12 million). Sign's success is also due to its global strategic layout. By 2024, Sign has signed memorandums of cooperation with over 20 countries, planning to launch a Rollup-based Layer2 solution to provide customized blockchain infrastructure for governments. This 'Blockchain as a Service' model further solidifies its market position.
From vision to reality, Sign has built an ecosystem that combines technological innovation with commercial value through Sign Protocol and TokenTable. Its revenue performance in 2024 demonstrates the profitability potential of Web3 infrastructure projects. In the future, as global digitization accelerates, Sign is expected to gain broader applications among governments, enterprises, and individual users.
