edit: I've gotten a couple replies saying "email the PR team" or "take it to telegram and away from here" -- aka calls for silence. What's wrong with you guys? Sumo is about transparency. I think we were above blind pumping.

There is no harm in an open discussion. Devs asked for it in the latest announcement.

Edit 2: I'd like a rational explanation from the devs for why the vesting schedule is 600k, 900k, 7.2 million. That's 1.5x from year 1-2, and 8x from 2-3. I like the vesting. But it should be a decreasing scale, not increasing. See edit 3 for why.

There is no way in predicting what will be in 2020. The reason why the schedule was chosen like this is clear: Lock the biggest part of the premine a long time, so the coin can develop. Sumo is NOT an ICO.
 Devs explained in the ANN, that the last (and biggest) part of the premine will be discussed in 2020. There is no sense in discussing it know. Can you tell the future? I can't ....

Edit 3: something else about premines - when done up front, each coin sold by the devs to fund development is sold at a low price per coin. This is the opposite. These coins will be sold at a high price per coin when development is less necessary. Can anyone explain why that method was selected?

As I said before ... Sumo is not an ICO. Who are you to tell "how a premine should be"?

I think we need to have a conversion guys.

I'm glad & relieved the team has started an open dialogue about the coins being released this summer (see here: https://medium.com/sumokoin/spring-plan-2018-9d0218c8db40). That's awesome. But I'm more concerned about the 7,200,000 SUMOs that will be released to the team in July 2020. Assuming a price per SUMO in 2020 to be $100/sumo, that's $720,000,000 - almost a billion dollars.

How can you assume a price? Do you just want to show of a big number? This prediction makes no sense at all.

Did you know that? The release schedule of coins to the team is as follows:

How could one not know that? It's literally written EVERYWERE.

July 2018: 600,000 coins

July 2019: 900,000 coins

July 2020: 7,200,000 coins

Community Concern

When those 7,200,000 coins unleash, the core team will hold 25% of all coins in circulation on that date. The expected total number of coins as of blockheight 416581 (the release trigger, estimated July 2020) is approximately ~28.9 million coins. I'll post the code below to calculate. This is the opposite of decentralization and extremely concerning to me. In the best case scenario, SUMO acts like a bank and sells tokens to the public. At the worst, they pocket the billion dollars. I trust the devs but avarice is unpredictable and we have no way of knowing who will be part of the team in 2020.

Re Sumo's approach to pre-mine: When I first heard 10%, I thought they got 10% up front or something to speed the coin up. That's wrong of course. It's 10% of the total coins when all is said and done and they got none up front. That's cool. And 10% of total coins is a fair premine. Total coins = 88,888,888, total to SUMO = 8,888,888.

I didn't realize the 88,888,888 coins would be mined 20 years from genesis aka in 2037. So that "10% of Final" is more accurately described as "25% Pre-Mine 3 years from launch."

This is not the point of premines. Premines are designed to be used up-front to spur development, pay devs, etc. Instead, the community is spurring development and offering to help raise community funds to get onto exchanges. I like the premine with vesting, but this is the wrong execution. We are suffering slow take-off, doing the work that is supposed to be done by the premine that will release in 2020

Fast forward. At this point, I incorrectly thought that they would receive those ~9 million over the life of the coin. Turns out no. While the 10% is calculated on coins mined by 2037, they get those coins 3 years into SUMO's launch.

You did not read the ANN ...  And also: You say the funds should be available at the start, so the coin can grow. Now you tell us, you thought devs will get the 10% over the life of coin. What do you want now?

Pre-Mine Analysis

The point of a premine is to accelerate development. It is not and has never been to line the pockets of developers. And I'm not saying that is what SUMO intends at all -- in fact, I suspect they'd do the opposite. But to my point, a premine as late as 2020, when SUMO coin is either clearly a success or failure, is pointless. At that stage it does just reward the developers. there's no way in hell 700 million dollars again the funny number .... of funding are needed at that stage. Can you even imagine what injecting 7 million SUMOs into the market would do? Mass inflationary panic. Devs plan is to make the biggest sell -
 wall ever in all crypto ... that's why *irony off*

In short, I'm glad the devs posted an update because it is the perfect trigger to open a discussion about SUMO's future. And we need to have this convo NOW, while the community is small and nimble, the devs are accessible, and we are NOT on other exchanges. Frankly it just looks bad. And with bigger exposure, it'll get torn apart as a scam coin / fraud. Why would it look bad? It's no new information at all...

TLDR

We deserve to be informed No you don't! Nobody forced you to invest in Sumo. All infos are out there since day one. You don't have the right to ask for anything here ... what is going to happen with those 7 million coins released in 2020, in a secure decentralized manner, one where SUMO is not suddenly a bank holding nearly a billion dollars in assets, way ahead of time.