Sumokoin - The litecoin of Monero - page 3.

vv181

legendary

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Quote from: Germining on December 01, 2017, 04:06:55 AM

Quote from: bbc.reporter on December 01, 2017, 03:38:36 AM

@Wynne_. Yes I agree. Everyone has to start somewhere to prove themselves and start building a resume in the cryptospace. But starting it by cloning Monero and changing the protocol to have a premine is not a good way to start. What if they are really scammers?

That was discussed a billion times. Read the ANN.... Etherium had a premine, BTC had one... Sumo is the most legit coin I have ever seen.

It makes me mad to even see this question.... The funds are locked in the chain and can't be released...

I agree with you escrowed the pre-mine funds will help the project to be able to sustain in the future. One thing I like from Sumokoin is the botnet-proof difficulty algorithm features, and I think it gives a lot of benefit to regular miners to be able to compete.

Germining

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Quote from: CrazyCreeptonaut on December 01, 2017, 04:48:35 AM

isnt AEON the litecoin of monero?

Yes it is.... the topic is not written well. SUMO is no light version of something...

CrazyCreeptonaut

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isnt AEON the litecoin of monero?

CryptoPyrate

newbie

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Quote from: bbc.reporter on December 01, 2017, 03:38:36 AM

@Wynne_. Yes I agree. Everyone has to start somewhere to prove themselves and start building a resume in the cryptospace. But starting it by cloning Monero and changing the protocol to have a premine is not a good way to start. What if they are really scammers?

http://replygif.net/i/1081.gif

Germining

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Activity: 778

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Quote from: bbc.reporter on December 01, 2017, 03:38:36 AM

@Wynne_. Yes I agree. Everyone has to start somewhere to prove themselves and start building a resume in the cryptospace. But starting it by cloning Monero and changing the protocol to have a premine is not a good way to start. What if they are really scammers?

That was discussed a billion times. Read the ANN.... Etherium had a premine, BTC had one... Sumo is the most legit coin I have ever seen.

It makes me mad to even see this question.... The funds are locked in the chain and can't be released...

bbc.reporter

legendary

Activity: 3122

Merit: 1492

@Wynne_. Yes I agree. Everyone has to start somewhere to prove themselves and start building a resume in the cryptospace. But starting it by cloning Monero and changing the protocol to have a premine is not a good way to start. What if they are really scammers?

goldencrowboss007

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It seems to me that guessing at a price not have never know. But I think SUMO has a very good potential

Germining

sr. member

Activity: 778

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Could not agree more

I am excited for 2018. Let's see what we can write in this threat on 01/12/18

Wynne_

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Quote from: bbc.reporter on November 28, 2017, 07:53:27 PM

Quote from: tuiputui on November 28, 2017, 05:04:39 PM

Quote from: cryptimus prime on November 28, 2017, 01:10:46 AM

Quote from: Sephire on November 28, 2017, 12:59:15 AM

Sumokoin market cap is less than 1 percent of Monero so it has nice potential for
appreciation going by that alone. It does not have to be better than Monero to gain value.

Great let me make a copy more of ETH and call it SumoETH, then I will say its a copy of Ethereum it has a low market cap and should be higher.

That´s Ethereum Classic, it costs more than 30$...

People should understand a fork is not a clone. Is has it´s own roadmap, it´s own fundamentals, and it´s own development, also it´s own place in the market.
Sumo tries to improve some aspects from monero, and keep other esential things. I think Sumo is more focused in the average user among other aspects... The wallet being beta is working straight forward, mining is super simple, and the privacy aspects are no compromised. That philosphy will probably be a difference factor in the product development compared to monero wich is usually considered a bit complex product.

Ethereum Classic is not the fork. It was Vitalik who forked Ethereum to bail out all of his friends who have invested in the DAO.

But Sumokoin's own roadmap does not make it a better coin. A good development team makes a cryptocoin better. That is why many of us who invested in Monero, also invested in Aeon. Because we trust smooth and he has a proven track record. What do the Sumokoin developers have?

I agree with your statement regarding development teams making a crypto coin great, and considering the Sumokoin devs have achieved a near perfect track record with meeting the deadlines of an ambitious and rather innovative roadmap I am sure you could agree that they have performed incredibly well so far in their still young (6 months) crypto dev careers. Everyone has to start somewhere, and a year from now we will likely be having a far more positive discussion regarding this extremely talented group of developers.

I would also add that a dedicated community of investors/miners/enthusiasts also contribute greatly to the success of any crypto currency, and I can promise you from my own experience that the Sumo community is top notch and have eagerly assisted me from day one.

Lets be happy that so many talented individuals are enthusiastically driving the development of crypto forward, instead of getting drawn in to putting down good people because they believe in and back a different coin.

Germining

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Quote from: Oakey22 on November 30, 2017, 03:53:56 AM

Quote from: MisO69 on November 27, 2017, 04:52:53 PM

Aeon's developer is smooth, one of the core Monero devs.. Aeon is Monero's little brother, litecoin if you will.

Aeon will have the code base updated to Monero's current code in 2018. It's also designed for Mobile whereas Monero is not. Accumulating this coin is a very good idea. HODL people!

This was my understanding, Aeon is the true Monero little brother that is cheap as chips at the moment.

Sumo is no monero-light indeed. From a technical perspective Sumokoin has some features even better tham xmr.

Oakey22

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Quote from: MisO69 on November 27, 2017, 04:52:53 PM

Aeon's developer is smooth, one of the core Monero devs.. Aeon is Monero's little brother, litecoin if you will.

Aeon will have the code base updated to Monero's current code in 2018. It's also designed for Mobile whereas Monero is not. Accumulating this coin is a very good idea. HODL people!

This was my understanding, Aeon is the true Monero little brother that is cheap as chips at the moment.

CryptoPyrate

newbie

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Sumokoin has an extremely active development team.

Not only have they hit every single road map target on time, other coins have ported their work. Such as the gui wallet and the gui miner because those coin's devs haven't released any useful tools.

A lot of coins have a huge marketing campaign and an ICO that's 99% hype with no actually developments, a ton of excuses about delays and still have a giant following.

Sumokoin has very little marketing and until recently was under $1 million market cap. Yet the devs hit road map targets over and over.

By the way, Sumokoin has had RingCT since day one, which means every single transaction is untraceable.

By default it has 12 mixing instead of monero's 4.

Subaddresses recently released for even more privacy.

No offense to monero, I have great respect for them, but sumokoin is just a better privacy currency in every measurable way.

Also, if you want to talk premine. Look no further than Dash and Ethereum... Wait that's weird, those are top 10 coins... 😂😂😂

Have there been premine scams? Yes. Does that mean all premines are scams? Obviously not.

Germining

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But none of them other forks is able to merge an awesome subaddresses feature (which sumo will do TODAY)

Dragonrage201

full member

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There are plenty of worse coins selling at higher valuations without any reason
so this one has a good chance to go higher with a working dev team and roadmap.

Germining

sr. member

Activity: 778

Merit: 252

Just check what they already did (or read my post above with a few examples). That is more than most icos/coins usually do in such a short time.

bbc.reporter

legendary

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Quote from: tuiputui on November 28, 2017, 05:04:39 PM

Quote from: cryptimus prime on November 28, 2017, 01:10:46 AM

Quote from: Sephire on November 28, 2017, 12:59:15 AM

Sumokoin market cap is less than 1 percent of Monero so it has nice potential for
appreciation going by that alone. It does not have to be better than Monero to gain value.

Great let me make a copy more of ETH and call it SumoETH, then I will say its a copy of Ethereum it has a low market cap and should be higher.

That´s Ethereum Classic, it costs more than 30$...

People should understand a fork is not a clone. Is has it´s own roadmap, it´s own fundamentals, and it´s own development, also it´s own place in the market.
Sumo tries to improve some aspects from monero, and keep other esential things. I think Sumo is more focused in the average user among other aspects... The wallet being beta is working straight forward, mining is super simple, and the privacy aspects are no compromised. That philosphy will probably be a difference factor in the product development compared to monero wich is usually considered a bit complex product.

Ethereum Classic is not the fork. It was Vitalik who forked Ethereum to bail out all of his friends who have invested in the DAO.

But Sumokoin's own roadmap does not make it a better coin. A good development team makes a cryptocoin better. That is why many of us who invested in Monero, also invested in Aeon. Because we trust smooth and he has a proven track record. What do the Sumokoin developers have?

tuiputui

full member

Activity: 294

Merit: 100

Quote from: cryptimus prime on November 28, 2017, 01:10:46 AM

Quote from: Sephire on November 28, 2017, 12:59:15 AM

Sumokoin market cap is less than 1 percent of Monero so it has nice potential for
appreciation going by that alone. It does not have to be better than Monero to gain value.

Great let me make a copy more of ETH and call it SumoETH, then I will say its a copy of Ethereum it has a low market cap and should be higher.

That´s Ethereum Classic, it costs more than 30$...

People should understand a fork is not a clone. Is has it´s own roadmap, it´s own fundamentals, and it´s own development, also it´s own place in the market.
Sumo tries to improve some aspects from monero, and keep other esential things. I think Sumo is more focused in the average user among other aspects... The wallet being beta is working straight forward, mining is super simple, and the privacy aspects are no compromised. That philosphy will probably be a difference factor in the product development compared to monero wich is usually considered a bit complex product.

tuiputui

full member

Activity: 294

Merit: 100

Quote from: uDwcHYO on November 27, 2017, 04:33:59 PM

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

Probably that it will rise because they´ll finally have funds to pay bigger exchanges entry + pay some marketing, those are the only weak points i see in this project now.

Dash and many succesfull project are funded with big premines. In other hand, many community based projects, or non-profit projects are abandoned after 1 or 2 years. This won´t be the case with a premine.

Germining

sr. member

Activity: 778

Merit: 252

Quote from: cryptimus prime on November 28, 2017, 12:40:33 AM

Use the original. XMR.
Not any ICO pseudomoneros or premined wannabe coins. Thats it.

To even mention Sumo with ETN (at least I guess what you mean by " ICO pseudomoneros") is just wrong on so many levels ... Check what Sumokoin dev did in just 6 month:

Awesome GUI-Wallet
CPU-Easy-Miner
Adjusted Diff-Algo to make the coin Botnet-proof
First part of subaddresses mergerd
Second part of subaddresses with GUI will follow this year

That is more than a lot of the top 50 marketcap-coins did in the last 2 years .... IMHO Sumo will be a big gainer in 2018. Lets wait and see

cryptimus prime

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Quote from: Sephire on November 28, 2017, 12:59:15 AM

Sumokoin market cap is less than 1 percent of Monero so it has nice potential for
appreciation going by that alone. It does not have to be better than Monero to gain value.

Great let me make a copy more of ETH and call it SumoETH, then I will say its a copy of Ethereum it has a low market cap and should be higher.

Topic: Sumokoin - The litecoin of Monero - page 3. (Read 2147 times)