Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏
by
CyberTrader
on 04/01/2018, 22:47:34 UTC
I am a bit puzzled by this coin. Especially considering 8 million pre-mined coins, this coin might be headed for a rough crash. At the current rate, the eight million pre-mined coins are worth 40 million dollars which would be available to three or four people who have "slightly" modified monero's code base. If they cash in at block height 140000, SUMOKOIN may crash.

Sure, they do have a nice presentation and a half-way decent road map. But what's the added value? What major implementation features have been delivered? Sub-adddresses are hardly considered a major milestone and the codebase for a working wallet already existed (monero wallet). Copying monero's code base isn't really that hard. Investors are usually asked to check out the coin's development team.

But how many developers are working on SUMOKOIN? 3 - 5 developers? We don't even know who they are. Seriously? I would have expected more... There is really no telling if this is a rip off or a legitimate coin. If I am mistaken, please convince me of the contrary. Sorry if that offends anyone.