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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 (https://github.com/sumoprojects/sumokoin/pull/28) and this week's announcement about sub-addresses here: https://bitcointalk.org/index.php?topic=1905086.msg24880464#msg24880464 (https://bitcointalk.org/index.php?topic=1905086.msg24880464#msg24880464)

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.

I am also watching Sumo closely and believe it has great potential. Development is strong and community and price is growing due to it being profitable to mine. I am conflicted on the premine but I think it was a good idea to place the funds in escrowed wallets to prevent dev dumps.

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

Well the funds should be used for further development, adding to exchanges and so on.
It would not be smart to dump those coins since in the coming years, the other locked coins will be released.

I like Sumo but between the two, I opted to put my money on Aeon.

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!

I have not heard a post as stupid as fredericos' comment. Sumokoin is a fork with a premine, so that makes it against the philosophy of the Monero development team.

In any case, calling Sumo the litecoin of bitcoin is an insult to Monero.

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

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.

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  :)

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.

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?

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.

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.

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

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.

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.

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.

Could not agree more :) I am excited for 2018. Let's see what we can write in this threat on 01/12/18

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

@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...

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

isnt AEON the litecoin of monero?

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

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.

Feedbacks about sumo in this thread says it all. Watching this one. Hope I can decide to invest here since I am new on the community.

Just a few hours ago we got this awesome release: makesure to check it out!

Development is so quick in sumo!  I thought the subaddresses would be finalized early next year.

Locked does not change the truth that it has a premine of 10%. If the developers do not want to touch the premined coins then why have the premine in the first place?

This brings up more questions. What will happen once the coins are unlocked on 2020? Who controls the wallets that hold the coins? Will the developers reveal their identities by 2020?

If you are really interested just read the ANN. This has been discussed a lot of times, and I don't want to explain it again ... There are no valid arguments against a premine. If you want to scam in those days, just make an ico... No need to wait years for wallets to unlock  ;)

seems to me that guessing at a price not have never know. But I think SUMO has a very good potential. maybe x 10 soon

One can never know a future price, but based on the technical skills a double digit dollar price would be not to much to ask for.

While i value your opinion, i must say that if, DEV Team, don't deliver what they promise, there won't be enough volume left to dump in 2020. If this coin gains respect in the Cryptocurrency world, it will be in Top 50 maybe Top 40 and they won't dump and leave the coin. 2020 is long enough to prove the development of the coin.

Get some sumokoin, and sell it for profit when you will be done with it and I will be one that who made $100 Million with sumokoin after 10 years.

Just a joke, get monero ''the real coin'' or oax, decred if you want a unique coins.

But who knows? litecoin made it... but sumokoin?

Sumokoin price is appreciating nicely. May get more attention once it crosses
 the $1 milestone. Has x10 potential just going by low marketcap alone.

Compared to icos like etn sumo should have a marketcap of 100M right away... the tech behind sumo is advanced. Subaddresses on a cryptonight coin are a massive step towards privacy AND usability.

It will be an exciting year 2018

A nice sumo flyer

http://fs1.directupload.net/images/171205/temp/caepaobd.jpg (http://www.directupload.net/file/d/4927/caepaobd_jpg.htm)

Still waiting subaddresses launch  ;D

Sumo is a good call

x2 in last weeks. .. 8) . someday it even hit 1.03...

Holding long term, its in ranking 500 with a super low marketcap and more news and events coming.

I´m not dumping anytime soon can easel go to position 200 as it starts getting adoption

price rising highly today  ;D

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, ETN is a  disgrace, they still haven't released their wallets except on android..

touching 2.5 today

Definitelly this was a great call watching the price now and 27Nov when this post was created.

the marketcap is still super small... if sumo reach the Marketcap of Verge (possible cause verge is just a dogecoin fork with thor) sumo will be around 900$...

Interesting coin this Sumokoin. I saw the price today and it is like more than 2 dollars. That is good. Can I get more information about this coin? Where do I buy this and where can I find any information about this like roadmaps or white papers.

Sumo just hit 2,2$ and even had a bigger peak. People start to recognize the coin and it's potential.

This was an awesome day. Many more will follow  :D

@HEvangelista: Best thing to start is the ANN here on bitcointalk and the telegram chat (link provided on the ANN).

You can trade Sumo on Cryptoptia at the moment.

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 (https://github.com/sumoprojects/sumokoin/pull/10).

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$.

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.

buy order increase 100 % from 6 btc to 12 btc  :o

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!

found great article about sumokoin

true privacy

https://sludgefeed.com/sumokoin-dark-horse-privacy-coin-race/

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.

Sumokoin on the way back up  ;)

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.

long term price more important than short

If you say so ...

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...

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

LOL not a single sentence is true  ;D ;D ;D

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  ;)

When New roadmap release and sumo listed on hitbtc

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.

The new roadmap will be released within the next weeks.

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.

So ... Sumo got accepted for listing on Next Exchange. Hurray !  :D