Topic: Sumokoin - The litecoin of Monero (Read 2147 times)
So ... Sumo got accepted for listing on Next Exchange. Hurray !
I think SUMO has the potential to gain quite a lot of value.
Monero paved the way for Cryptonote currencies, but people are always looking for alternatives, and developers for opportunities. There's AEON, but AEON is highly focused on mobile and the core blockchain may differ too much in the future for merged development with Monero. SUMO is more similar to big brother Monero. Developments for each will benefit both.
For example, SUMO just announced that the first part of the code for sub-addresses is now on github. The feature will be live within the next week or so. Sub-addresses are a very useful addition that make it more realistic for people to actually use cryptocurrency day-to-day without revealing the source of their funds.
Monero may add them upstream in the future. You can read about sub-addresses in SUMO on github here: https://github.com/sumoprojects/sumokoin/pull/28 and this week's announcement about sub-addresses here: https://bitcointalksearch.org/topic/m.24880464
This is just the start - SUMO is a development-focused cryptocurrency, and I believe it will become a testbed/alternative to Monero. Think Litecoin to Bitcoin. SUMO can add features before it would be realistic to add them to Monero.
SUMO had a premine, but the premine is set aside in escrow until 2018, 2019 and 2020 to pay for development. I think that such a large development/marketing fund will give SUMO stable growth, similar to how DASH has been successful long term due to a large built-in development fund. SUMO's fundamentals are solid and there's a lot of reason to think it'll be a lot bigger than it is now.
Fork monero, which is still lagging behind his parent, and his liquidity in the market is rather weak. And this indicator can most frighten people to invest in it. This is another one of the not-so-famous alt, who needs more support than now, to be exalted. Monero paved the way for Cryptonote currencies, but people are always looking for alternatives, and developers for opportunities. There's AEON, but AEON is highly focused on mobile and the core blockchain may differ too much in the future for merged development with Monero. SUMO is more similar to big brother Monero. Developments for each will benefit both.
For example, SUMO just announced that the first part of the code for sub-addresses is now on github. The feature will be live within the next week or so. Sub-addresses are a very useful addition that make it more realistic for people to actually use cryptocurrency day-to-day without revealing the source of their funds.
Monero may add them upstream in the future. You can read about sub-addresses in SUMO on github here: https://github.com/sumoprojects/sumokoin/pull/28 and this week's announcement about sub-addresses here: https://bitcointalksearch.org/topic/m.24880464
This is just the start - SUMO is a development-focused cryptocurrency, and I believe it will become a testbed/alternative to Monero. Think Litecoin to Bitcoin. SUMO can add features before it would be realistic to add them to Monero.
SUMO had a premine, but the premine is set aside in escrow until 2018, 2019 and 2020 to pay for development. I think that such a large development/marketing fund will give SUMO stable growth, similar to how DASH has been successful long term due to a large built-in development fund. SUMO's fundamentals are solid and there's a lot of reason to think it'll be a lot bigger than it is now.
The new roadmap will be released within the next weeks.
When New roadmap release and sumo listed on hitbtc
Its could easily surpass $100m marketcap
Its could easily surpass $100m marketcap
Do you know when those things will happen? Could be a nice time to buy Sumo because of its low market cap and current dip.
When New roadmap release and sumo listed on hitbtc
Its could easily surpass $100m marketcap
Its could easily surpass $100m marketcap
this is disgusting...
LOL not a single sentence is true
But since you FUD almost all anon coins except xmr I'm ok with your fudding here
LOL
And since I got some spare time:
- no one ever said xmr's subaddresses have not been the base for Sumo's
- Sumos diff algo is way better than xmr's
- Sumo has a standard mixin if 12. You need the control of > 95% off all transactions to get an effect on privacy
- Monero is more than 3 years old and hasn't managed to code a decent GUI. Sumo is 6 months old and it's GUI is awesome
- sumo has ringCT for all transactions wheras xmr only for about 20%
- sumo has no dev team? I don't even know what to answer to this...
Anyway... you compare a 6 months old coin to a 3.5 year old coin. How ignorant must one be...
Nice to get more xmr fud. Sumo seems to be on the right way
Sumo is the best coin to watch for 2018. Since they started in May this year the price went from 1000 sat up to 22k sat. Currently they are on 13k to 16k (1.8$ - 2.2$).
Already x12 or x15 within 6 months.
Just keep in mind Sumo still is lowkey and only on 2 exchanges. Next year bigger exchanges will come, pushing Sumo to at least 15-20$.
Already x12 or x15 within 6 months.
Just keep in mind Sumo still is lowkey and only on 2 exchanges. Next year bigger exchanges will come, pushing Sumo to at least 15-20$.
It seems a bit difficult to say that these are true. Is there any work on entering a new exchange site? I could not find anything about the subject. if the price is going to exceed 10 dollars, they should definitely enter a good stock market.
wait until first premine 600k sumo unlocked july 2018
then dev could pay to enter another exchange
exchange need a lot of money
Sumo is the best coin to watch for 2018. Since they started in May this year the price went from 1000 sat up to 22k sat. Currently they are on 13k to 16k (1.8$ - 2.2$).
Already x12 or x15 within 6 months.
Just keep in mind Sumo still is lowkey and only on 2 exchanges. Next year bigger exchanges will come, pushing Sumo to at least 15-20$.
Already x12 or x15 within 6 months.
Just keep in mind Sumo still is lowkey and only on 2 exchanges. Next year bigger exchanges will come, pushing Sumo to at least 15-20$.
It seems a bit difficult to say that these are true. Is there any work on entering a new exchange site? I could not find anything about the subject. if the price is going to exceed 10 dollars, they should definitely enter a good stock market.
this is disgusting...
this is a cheap copy of monero, with no dev team, with no enhanced privacy features, with nothing reallly... oh yeah, there is something, an enormous 10% premine, which can endanger the anonimity aspect because so much outputs belong to one entity...
the subaddresses you speak off have been developed by xmr-devs, for xmr, sumoteam just added them earlier... this coin brings nothing new, NOTHING...
by god, what has the cryptosphere become, this will end badly...
this is a cheap copy of monero, with no dev team, with no enhanced privacy features, with nothing reallly... oh yeah, there is something, an enormous 10% premine, which can endanger the anonimity aspect because so much outputs belong to one entity...
the subaddresses you speak off have been developed by xmr-devs, for xmr, sumoteam just added them earlier... this coin brings nothing new, NOTHING...
by god, what has the cryptosphere become, this will end badly...
It may be seen as the litecoin of monero, if so it is now $4 but you have to wait 3 years to sell it at $300. Even now it is overvalued.
If you say so ...
but what happens with price in july 2018 when devs open first locked wallet with 600 000 coins, I don't think that price will react well
long term price more important than short
It may be seen as the litecoin of monero, if so it is now $4 but you have to wait 3 years to sell it at $300. Even now it is overvalued.
Sumokoin on the way back up
I think anon coins are going to be huge in the coming months. You can buy something that’s already gone up several thousand percent like monero or zcoin and maybe get a slightly higher return than btc or get in on the ground level on something promising like sumo.
I agree, should be a good year for Sumokoin. I wish I would of found out about it a little sooner but I'm still going to invest what I can in it.
found great article about sumokoin
true privacy
https://sludgefeed.com/sumokoin-dark-horse-privacy-coin-race/
true privacy
https://sludgefeed.com/sumokoin-dark-horse-privacy-coin-race/
It's obvious someone is pushing price low with large (in terms of Cryptopia and available SUMO there) amount of coins in the sell orderbook. As a result also big miners are leaving as it is not profitable for them to mine.
For small ones it's a new chance to get some coins, even to buy during this nice dip. Once the coin is on large exchanges the volume will not allow such games with the price. So enjoy cheap coins!
For small ones it's a new chance to get some coins, even to buy during this nice dip. Once the coin is on large exchanges the volume will not allow such games with the price. So enjoy cheap coins!
buy order increase 100 % from 6 btc to 12 btc 
I think SUMO has the potential to gain quite a lot of value.
Monero paved the way for Cryptonote currencies, but people are always looking for alternatives, and developers for opportunities. There's AEON, but AEON is highly focused on mobile and the core blockchain may differ too much in the future for merged development with Monero. SUMO is more similar to big brother Monero. Developments for each will benefit both.
For example, SUMO just announced that the first part of the code for sub-addresses is now on github. The feature will be live within the next week or so. Sub-addresses are a very useful addition that make it more realistic for people to actually use cryptocurrency day-to-day without revealing the source of their funds.
Monero may add them upstream in the future. You can read about sub-addresses in SUMO on github here: https://github.com/sumoprojects/sumokoin/pull/28 and this week's announcement about sub-addresses here: https://bitcointalksearch.org/topic/m.24880464
This is just the start - SUMO is a development-focused cryptocurrency, and I believe it will become a testbed/alternative to Monero. Think Litecoin to Bitcoin. SUMO can add features before it would be realistic to add them to Monero.
SUMO had a premine, but the premine is set aside in escrow until 2018, 2019 and 2020 to pay for development. I think that such a large development/marketing fund will give SUMO stable growth, similar to how DASH has been successful long term due to a large built-in development fund. SUMO's fundamentals are solid and there's a lot of reason to think it'll be a lot bigger than it is now.
Monero paved the way for Cryptonote currencies, but people are always looking for alternatives, and developers for opportunities. There's AEON, but AEON is highly focused on mobile and the core blockchain may differ too much in the future for merged development with Monero. SUMO is more similar to big brother Monero. Developments for each will benefit both.
For example, SUMO just announced that the first part of the code for sub-addresses is now on github. The feature will be live within the next week or so. Sub-addresses are a very useful addition that make it more realistic for people to actually use cryptocurrency day-to-day without revealing the source of their funds.
Monero may add them upstream in the future. You can read about sub-addresses in SUMO on github here: https://github.com/sumoprojects/sumokoin/pull/28 and this week's announcement about sub-addresses here: https://bitcointalksearch.org/topic/m.24880464
This is just the start - SUMO is a development-focused cryptocurrency, and I believe it will become a testbed/alternative to Monero. Think Litecoin to Bitcoin. SUMO can add features before it would be realistic to add them to Monero.
SUMO had a premine, but the premine is set aside in escrow until 2018, 2019 and 2020 to pay for development. I think that such a large development/marketing fund will give SUMO stable growth, similar to how DASH has been successful long term due to a large built-in development fund. SUMO's fundamentals are solid and there's a lot of reason to think it'll be a lot bigger than it is now.
SUMO is too small to compare it with Monero. The coin have a potential, but as you said - the premine is huge and people are not happy with it.
The only pros SUMO have over Monero is the price. It's still a round dollar coin and have great potential for price pump in future.
Sumo is the best coin to watch for 2018. Since they started in May this year the price went from 1000 sat up to 22k sat. Currently they are on 13k to 16k (1.8$ - 2.2$).
Already x12 or x15 within 6 months.
Just keep in mind Sumo still is lowkey and only on 2 exchanges. Next year bigger exchanges will come, pushing Sumo to at least 15-20$.
Already x12 or x15 within 6 months.
Just keep in mind Sumo still is lowkey and only on 2 exchanges. Next year bigger exchanges will come, pushing Sumo to at least 15-20$.
Any privacy coin with a solid development team will be a good bet for 2018. But I think Sumokoin is also moving quick and paving the way in the privacy coin space. For example, they were the first to implement botnet resistance https://github.com/sumoprojects/sumokoin/pull/10.
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