Topic: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏 - page 10. (Read 202456 times)

What happened to Sumokoins market price lately?

Lost about 60% during the last 30 days.
Only for last 24 hours loss of more than 20% !

Bitcoin lost "only" 19% last month.
And last 24 hours increased nearly +4%

 

shit will happen, it happens every moment.. whether you want it or not.. important is how you handle the shit!

Gentlemen, full support here as it was for the past year! heads up, RYO is the way to go!!

now fast to cryptopia to grab nice bargain..

At the first post it is said that "Majority of premined coins (98%) are locked in the following wallets:". Is the 2% that is not locked the "hidden premine"? My English level is a bit low and I don't understand what the pdf means. Smiley

Edit: Anyway, time to buy and hold some more coins.

Another proof that premine is just shit and causing nothing than trouble.

https://twitter.com/fireice_uk/status/1001442818122973184

Brainwashing #sumokoin continues. @SumoKoinGR just can't keep honest. I didn't use key images to find the hidden premine. I used an explorer. Just like you can use it -https://www.reddit.com/r/ryocurrency/comments/8ms1fx/on_an_epic_fail_hidden_premines_doctored/ … Vu just forgotten about half a mil lol Lost behind sofa? He is sorry that we was caught.

What on earth is going on?

 

You all know Sumokoin has 10% premine and the team decided to lock it so that it can be released gradually to avoid dumping. Our original plan is to divide the premine into 7 wallets (see the attached spead sheet), however, we made a mistake that was not aware that in a locked tx, the change (back to original wallet) was locked too. That's why we ended up only 3 escrowed wallets (plus dev wallet that is the original one). We decided when the coins come back to dev wallet, we'll escrow them as planned:

1. When the 400k coins back to dev wallet in late July, we will lock it in a new wallet (Wallet 4) and that'll be transparent to you, so only 600k released to total supply. In 2019, 100k coins in change will be locked too and in 2020, when all coins are back we'll stick with the planned escrowing, i.e. locking coins to Wallet 4, 5, 6, 7 (see spreadsheet). The rest, abt 1M, will be locked for another year too (Wallet

2. When we started the coin, all devs were very new (and naive) to the field, we made mistakes and we want to apologize for anything improperly implemented.  

2. We feel very upset when sumogr and Patrik leaving PR team due to this incident (and probably due to others too). They are all very good guys. However, we hope to maintain project as you all invest a lot to it one way or another.

Agreed.

https://t.me/ryocurrency

It's great that the "hidden premine" was found now and not only after it got unlocked...

So what's next?

What will happen now? Old dev forks ?

That is nor our new logo there check twitter or telegram to see it!

That is nor our new logo there check twitter or telegram to see it!

I'm talking about the thing that can be seen in the Medium post:

https://medium.com/@crypto_ryo/sumokoins-new-branding-introducing-ryo-44709f0eb0b2

That's just… well, not a logo at all.