community mining and no money involved. what scam?
Indeed, look at the Telegram thread where even coming up with 0.08 btc for a listing fee is a struggle. Everybody wants to have an exchange but nobody wants to pay for it. This is a community driven coin, there is no 5-10-20% premine or a fancy ICO so the dev's war chest is empty to afford it. Look at the balance of the donation BTC account, last time I checked it was EMPTY. So are the others according to the dev. Nobody even contributed in SUM. People mined billions at low cost while the diff was low and are too greedy to part even with a tiny fraction of their coins. Guess what, nobody will pay it for you and you can wait for an exchange forever and let your billions turn into dust without an exchange.The circulating supply of 23B SUM is several btc now at 0.1 BTC per billion SUM, the fee is 0.08 btc, if every bitsum holder donated 4% of their wealth at the rate of 0.004 btc/1B sum we would have an exchange tomorrow.
The dev may add soon ETH,LTC,DOGE to deal with the exorbitant btc Tx fees.
Definately you are right but do you know that dev has 400Million coins as well, What you would say about that. I am not saying it is wrong but atleast Dev should also come up with something and boost community. Every coin needs a push the starting point is Dev.
Also dev can have campaign for listing like give some of his premine for donors to get the exchange listing a boost.