Max supply: 98B
Price at the moment: 0.24$
MC at the moment: 9M
If the price per coin would be only stable until the last locked coin is released, this project should have a marketcap of 24B - nearly like Ethereum at the moment.
What ever will happen in Portugal - this coin looks like an absolutely no-go for longterm traders. No matter if fake or no fake. And even for shortterm traders looks this coin a bit overvalued...
That is even worse the Sumokoin. They have 8 millions coins premined for the fat devs.
Circulating supply: 2M
Max supply: 88.8M in first 20 yrs
Sumo premine will help to complete the dev cicle and maintain the project, and not make it another zombie coin like most community based projects funded with donations ... I think the premine is high, but as much as i know if you plan to enter big exchanges, they will request a huge amount of tokens to enter... Anyway this project looks solid and good to me... Miners are heavely supporting it if you check the officia threat+whattomine+sumopools.com. The community is wroging very fast and is gaining adoption, i bealive that´s for a reason.
I agree with you on that. Premine is not always a bad ideea and it actually keeps a project alive with good marketing and incentives for the dev and team members. Just take a look at Dash...even though some people blamed the premine and said it is a scam project just take a look at the price now