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Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
1. If anyone of you in doubt abt dev intention, you can put a cautious mark here and don't invest. It's my best advice as I know I have no capability to satisfy all of you. Probably, the more we talk the more doubts will arise for some ppl.
Of course I don't invest in your scam. Or for that matter, even the concept of "investing" in cryptocurrencies is already strange. In the original sense, currencies are meant to be used as a means of exchange and store of value; they are not meant to be investment tools like stocks. To me, owning cryptocurrencies instead of fiat currencies is more like a transition from the old, unfair and malfunctioning monetary system to a new, fair and trustless one.
Disclosure: I own some Bitcoin, some Monero and some Aeon. No Sumokoin.
I started posting here primarily because you spammed some other Bitcointalk threads with your scam GUI miner advertisement, and I also felt like helping some uninformed people in this thread to realize the danger in Sumokoin.
2. I'm sure you are good enough at English to understand what "couple of days" means.
From Dictionary.com:
Quote
Idioms
14.
a couple of, more than two, but not many, of; a small number of; a few: It will take a couple of days for the package to get there.
A dinner party, whether for a couple of old friends or eight new acquaintances, takes nearly the same amount of effort.
Also, Informal, a couple.
14.
a couple of, more than two, but not many, of; a small number of; a few: It will take a couple of days for the package to get there.
A dinner party, whether for a couple of old friends or eight new acquaintances, takes nearly the same amount of effort.
Also, Informal, a couple.
I do hope you also understand the meaning of it. Certainly it shouldn't be more than 10 or 20. Why don't you simply delete the download link? If you break your own promise, there'll be a consequence.
there are always some mother f**kers with BAD intention to dig into some burried sh*t. WTF consequence you promised? why did you bother with the miner, bz it's better than others? You invested to Aeon, the dead project with no devs, abandoned by those who created it and you hope the same fate for other coins. Right?
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
i like how this coin is presented and its fundamentals, but i don't like the premine
coin is gonna fail because of this
coin is gonna fail because of this
Coin failed by many reasons, more then often due to lack of developments, no ads or no innovations for long time, hardly due to premine as my observation
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
Any bounty share via sosial media
wow, you made me cry
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
...
well, i follow this coin from the beginning and never underestimate or undervalue it. i know the way Japanese devs work, not too fast yet surely high qualified. ppl who expect sth suddenly happen with hype and over promises should keep away from this coin, that is. but price is another story, it depends on many market factors and investments vs coin emission should be seriously concerned, right?
well, i follow this coin from the beginning and never underestimate or undervalue it. i know the way Japanese devs work, not too fast yet surely high qualified. ppl who expect sth suddenly happen with hype and over promises should keep away from this coin, that is. but price is another story, it depends on many market factors and investments vs coin emission should be seriously concerned, right?
On that I totally agree with you. This coin is not for short term small profit investors (although you never know, in the crypto world everything is possible). Howver if Sumo continues to be developed at the same rate, with the same proficiency, I believe that it will get its place and value among the major coins in the following years. Check that coin emission follows the same path, it will reach pick value at the time we expect the coin to be fully developed ( This is also the time devs locked their funds as well )
i hope so. my math is, by 2020, there will be around over 20M coins around, it'll need $20M invested to keep 1$/coin (actually maybe it needs only a portion of that $20M sum to keep such price). with current growth rate of cryptocurrency market it would be no surprises if the coin have 200M invested or much more by then. though crowded, not many coins are truely good deved out there, i think
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
Do DEV have any update about new markets? That would be nice to know...
And a question for the communitiy: how can I help to promote the coin? I am quite a noob... what can I do? Any ideas?
And a question for the communitiy: how can I help to promote the coin? I am quite a noob... what can I do? Any ideas?
is the Coin OK the why the price drop??
Sure is ok.
Price drop as market strategy to buy more cheap by holders.
They buy 1000 as example at any price and after that they will put them to sell at very low price more than buy offers.
After that scared people will start to put on sell lower than them and than they buy all at price they want.
Miners will not sell only at decent price now more than 0.0001 because they use energy for mining.
That is my opinion.
BR.
The coin is just fine, 2 things affecting sumo's price at the moment 1. Nicehashers wanting to pay their nicehash bills (so they will sell at any price) 2. The uneasiness of the entire crypto world due to the upcoming bitcoin fork (this affects all coins)
SUMO emission will only increase till 2021 so I doubt we will see any higher prices til then. But who knows, since it is 4 years till then.
I don't get it, Sumo will increase yes indeed but not in a disproportionnal way, so when the coin will be more known, more buyers will buy the coins mined.. Today it is like 10k Sumos per day, and it will be higher with time but I do not get why do you think price will not be higher. I think this is a really wrong statement to make. O
I am pretty sure that will happen. SUMO price should hit bottom in 2020 or even latter. Just go research all PoW coins and their emission and you will see that. But as I said till 2020 is long long time so is hard to predict. But what I am 100% sure is that there will be way cheaper coins as are today at least at one point in future.
I still dont get your train of thoughts and the reasoning behind it but every opinion is respected.
maybe and maybe not. price'd hit bottom when little or no investments pouring in, not bz of supply. ofc, from such point of view, the worst scenario could happen to all coins. don't do anything that can tarnish coin reputation, keep working is the best way to avoid it IMO. this coin has good potentials but not enough to ensure it always has good price like all other coins, yet i believe there will be a balanced point
You are talking abt an only two month's old coin. The potential is there and this can be proven by its 4 active devs. I agree that there are not a lot of things differentiating it from Monero yet (although there are some differentiating features already ) however if you follow the coin carefully and join the telegram group as well, you will find out by yourself that there are a lot of innovative features on the way. The good thing abt this coin is that nothing is announced before it is fully developed and thoroughly checked ( check the case with the improved difficulty algo for example )
well, i follow this coin from the beginning and never underestimate or undervalue it. i know the way Japanese devs work, not too fast yet surely high qualified. ppl who expect sth suddenly happen with hyped and over promised should keep away from this coin, that is. but price is another story, it depends on many market factors and investments vs coin emission should be seriously concerned, right?
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
Do DEV have any update about new markets? That would be nice to know...
And a question for the communitiy: how can I help to promote the coin? I am quite a noob... what can I do? Any ideas?
And a question for the communitiy: how can I help to promote the coin? I am quite a noob... what can I do? Any ideas?
is the Coin OK the why the price drop??
Sure is ok.
Price drop as market strategy to buy more cheap by holders.
They buy 1000 as example at any price and after that they will put them to sell at very low price more than buy offers.
After that scared people will start to put on sell lower than them and than they buy all at price they want.
Miners will not sell only at decent price now more than 0.0001 because they use energy for mining.
That is my opinion.
BR.
The coin is just fine, 2 things affecting sumo's price at the moment 1. Nicehashers wanting to pay their nicehash bills (so they will sell at any price) 2. The uneasiness of the entire crypto world due to the upcoming bitcoin fork (this affects all coins)
SUMO emission will only increase till 2021 so I doubt we will see any higher prices til then. But who knows, since it is 4 years till then.
I don't get it, Sumo will increase yes indeed but not in a disproportionnal way, so when the coin will be more known, more buyers will buy the coins mined.. Today it is like 10k Sumos per day, and it will be higher with time but I do not get why do you think price will not be higher. I think this is a really wrong statement to make. O
I am pretty sure that will happen. SUMO price should hit bottom in 2020 or even latter. Just go research all PoW coins and their emission and you will see that. But as I said till 2020 is long long time so is hard to predict. But what I am 100% sure is that there will be way cheaper coins as are today at least at one point in future.
I still dont get your train of thoughts and the reasoning behind it but every opinion is respected.
maybe and maybe not. price'd hit bottom when little or no investments pouring in, not bz of supply. ofc, from such point of view, the worst scenario could happen to all coins. don't do anything that can tarnish coin reputation, keep working is the best way to avoid it IMO. this coin has good potentials but not enough to ensure it always has good price like all other coins, yet i believe there will be a balanced point
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
Hi thx for reply,
I agree with many things in your post, so my comparison with the car salesman doesn't quite hold up.
I should have read a bit more about the coin before starting my rant.
I noticed also they have escrowed the premine until 2020 not sure exactly what that means, but I guess until that time those coins are not part or the market. I agree that it makes no sense to dump the coins in a healthy economy. But if they mentioned for instance the premined coins will slowly be released spread out over the next twenty years it would make me feel more comfortable.
So question I have now is will those 8.8 mill premined coins all be on the market in 2020 or only proportions of it, are all the escrowed wallets aimed to be released in 2020
So let's say one coin becomes worth more than a few dollars... the return on that premine would be phenomenal? Even after 3 years. What protects us against them pulling all that money out?
I agree with many things in your post, so my comparison with the car salesman doesn't quite hold up.
I should have read a bit more about the coin before starting my rant.
I noticed also they have escrowed the premine until 2020 not sure exactly what that means, but I guess until that time those coins are not part or the market. I agree that it makes no sense to dump the coins in a healthy economy. But if they mentioned for instance the premined coins will slowly be released spread out over the next twenty years it would make me feel more comfortable.
So question I have now is will those 8.8 mill premined coins all be on the market in 2020 or only proportions of it, are all the escrowed wallets aimed to be released in 2020
So let's say one coin becomes worth more than a few dollars... the return on that premine would be phenomenal? Even after 3 years. What protects us against them pulling all that money out?
i dont think this guy will invest anything but keep trolling, you can effectively ignore him. your f*cking questions are all answered and you changed questions once again
the wallets are escrowed and im not sure if you are too stupid to see exact numbers at each release stages. devs can use premined coins on whatever they want. if they try to play pump & dump they will be punished by market (or not?) and what you can do is to wait and see what happen.
if you dont trust devs, dont buy coins. if you are clever enough, just fork this coin and do wtf you want: no premined coins, revealing your identity to this f*cking world, ok?
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
By no means an expert, I don't even know what a hard fork is. Can u eat with that?
And yes I was aware, I meant member of sumokoin forum.
Y altcoins are risky, but if you are denying certain possible red flags you are increasing your riskfactor to a point that you shouldn't call it an investment but a donation to charity.
And yes I was aware, I meant member of sumokoin forum.
Y altcoins are risky, but if you are denying certain possible red flags you are increasing your riskfactor to a point that you shouldn't call it an investment but a donation to charity.
Your opinion as said before is well respected. Lets see then if the devs fulfill your request and reveal their identities cause it would be nice to have you in the community as well.
I had been in Japan quite a few years and was working with many Japanese staff. I think if Sumoshi were a Japanese with career and family he would never reveal his true identity no matter how the coin succeeds. There is sth deep in the country culture that put no respects to so-called "unofficial jobs", even small entrepreneurs there were talked back as kind of losers LOL. Nakamoto may have the same reason to stay anonymity forever. however, I can always trust their honesty, ethics and professionalism though slow moving, too detailed are minus
P/S: in cryptocurrency world, i dont trust polished identities, if someone wants to get rich quick, there are many ICOs out there to follow but i doubt any of them would bring sth useful at the end
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
No specific team members?Is there a specific application scenario?
That's a good sign. There are no f**king advisors who are in 31 projects and never advise anything, no f**king devs who have nice photos but are unable to write a single code line
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
Anyone have a price prediction on SumoKoin?
it'll be one of top coins in a year or so bz its base looks solid and devs keep working rather than chatting or do bullshit marketing things
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
Explain, please.
1. The coin was launched on May 7th.
Today is the 11th of May.
It's been four(04) days.
Why does the demon write 27 days?
https://s21.postimg.org/9hi5ftxef/image.png
2. You write that you have no relation to the Monero project.
But
1. The coin was launched on May 7th.
Today is the 11th of May.
It's been four(04) days.
Why does the demon write 27 days?
https://s21.postimg.org/9hi5ftxef/image.png
2. You write that you have no relation to the Monero project.
But
Quote
All donations to core devs in the first year will be transferred to The Monero Project
Block 0 Timestamp [UTC] (Epoch): 1970-01-01 00:00:00 (0), Block reward: 8800000.000000
Block 1 Timestamp [UTC] (Epoch): 2017-04-18 03:34:55 (1492486495),Block reward: 32.000000
Block 2 Timestamp [UTC] (Epoch): 2017-04-18 03:34:55 (1492486495),Block reward: 32.000000
I think launch time is 2017-4-18, and it has been mined for 24 days. 11520 coins every day.
i saw these questions again and again, not sure WTF these guys are trolling about.
1. the dev did say there is about 10% premined, at launch, blockchain was at height of about 7500, so total premined coins is 8.8M (at genesis block) + 7500x32 = 9.04M, or 10.17% of (init.) total coin supply (88.88M), what makes diff?
2. the relation with Monero is obvious, this is a fork from Monero and it can still need code merged from upstream project, that's why dev should support Monero. the dev have premined coins already and it's fair to transfer donation to Monero which is a donation-based project, right?
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
Let's see. I think if accepted, it'll take some time for them to integrate a new coin
As long as you pay Cryptopia their blood money to get listed, they are pretty quick to get your coin up and trading.
I don't think there's any Cryptonote coin on Yobit.
Also Cryptopia is really professional compared to Yobit.
You are right, that's why we only consider exchanges who already have XMR listed.
you're at right track, guys. don't hear ppl who suggest scams. their strategy is to frequently ask for exchanges to trap you to their crappy ones. i wonder at such early stage how many coins they have for urgent trading?
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
Now exchange not yet, sell 800 SUMO, 0.0001 each.
Need to give DEV a little time！The DEV has had time. We need an update on the exchange situation.
DEV, i demand exchanges immediately or i'll see you in court LOL
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
my key advice is to investigate any exchange that offer listing coin for BTC, there are a lot of scams in diff ways around here
Thanks a lot @jimmyvu. I will consider that. Not so hurry to be listed, better concentrate on dev
keep working you guys. you don't need to list coins on crappy exchanges. if your coin is really good, big guys will list it sooner or later
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
If it's ok I would like to put my two cents worth in over the exchanges.
I think choosing the right exchange is important. I'm a fan of C-CEX as they have very good volume which this coin will need early on. Cryptopia is a good exchange but the volumes are typically between 6-12 BTC. C-CEX over shadows this. The other exchanges, coinexchange.io and novaexchange, they are both ok but still lack volume. Bitterix and poloniex, are two exchanges that are awesome. Poloniex is expensive to list and takes time, but in my opinion the holy grail for crypto.
I think multiple exchanges are the way to go, one large/medium exchange and the others smaller exchanges.
With the interest shown in this coin already I have no doubt if people voted on C-CEX the coin will be listed. The coin listing cost is also reasonable, but free to vote.
Just my opinion....
I think choosing the right exchange is important. I'm a fan of C-CEX as they have very good volume which this coin will need early on. Cryptopia is a good exchange but the volumes are typically between 6-12 BTC. C-CEX over shadows this. The other exchanges, coinexchange.io and novaexchange, they are both ok but still lack volume. Bitterix and poloniex, are two exchanges that are awesome. Poloniex is expensive to list and takes time, but in my opinion the holy grail for crypto.
I think multiple exchanges are the way to go, one large/medium exchange and the others smaller exchanges.
With the interest shown in this coin already I have no doubt if people voted on C-CEX the coin will be listed. The coin listing cost is also reasonable, but free to vote.
Just my opinion....
Great summary @Story777
We've submitted SUMO to C-CEX yet still under consideration now. I'll post link for vote if it's accepted.
Scam alert guys. Read this Bitcoin Scam Site Warning C-Cex
That is mostly about ICO's although one user did have a legit complaint. I didn't know this about them as I have been using them with out a problem for a long time. They (C-CEX) also don't have a limit you can withdraw. This "feature" attracts certain traders... ;-)
As it normally is said, never invest in any amount cryptocurrency you are not prepared to lose in its entirety. No Exchange is 100%, always keep in your coins in your own wallets.
On a side note, some people say Poloniex is a scam. But I'm not minimising your article as they must know something I don't.
my key advice is to investigate any exchange that offer listing coin for BTC, there are a lot of scams in diff ways around here
This coin is so undervalued right now.
Has there been any press or promotion of it lately?
Appreciate any links thrown my way.
Has there been any press or promotion of it lately?
Appreciate any links thrown my way.
I agree, though most of us mining this coin for fun rather than expecting huge profits
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
If it's ok I would like to put my two cents worth in over the exchanges.
I think choosing the right exchange is important. I'm a fan of C-CEX as they have very good volume which this coin will need early on. Cryptopia is a good exchange but the volumes are typically between 6-12 BTC. C-CEX over shadows this. The other exchanges, coinexchange.io and novaexchange, they are both ok but still lack volume. Bitterix and poloniex, are two exchanges that are awesome. Poloniex is expensive to list and takes time, but in my opinion the holy grail for crypto.
I think multiple exchanges are the way to go, one large/medium exchange and the others smaller exchanges.
With the interest shown in this coin already I have no doubt if people voted on C-CEX the coin will be listed. The coin listing cost is also reasonable, but free to vote.
Just my opinion....
I think choosing the right exchange is important. I'm a fan of C-CEX as they have very good volume which this coin will need early on. Cryptopia is a good exchange but the volumes are typically between 6-12 BTC. C-CEX over shadows this. The other exchanges, coinexchange.io and novaexchange, they are both ok but still lack volume. Bitterix and poloniex, are two exchanges that are awesome. Poloniex is expensive to list and takes time, but in my opinion the holy grail for crypto.
I think multiple exchanges are the way to go, one large/medium exchange and the others smaller exchanges.
With the interest shown in this coin already I have no doubt if people voted on C-CEX the coin will be listed. The coin listing cost is also reasonable, but free to vote.
Just my opinion....
Great summary @Story777
We've submitted SUMO to C-CEX yet still under consideration now. I'll post link for vote if it's accepted.
Scam alert guys. Read this Bitcoin Scam Site Warning C-Cex