Well... I know this topic has been raised many many times so far and I'm quite aware of almost all reasoning given so far about it.
Yes, its again about the
Exchanges. But I'm afraid, this time it's a bit more important to pay attention than before...
We are mining sumo with a bit less than 100kH/s since the autumn of the last year. We are mining other cryptos as well, so our mining is quite diversified if I can put it this way..
Still, a major part of our hash power is dedicated to sumo and this means that being not able to sell (some) sumo temporarily for (some) period of time is not a big issue for us in general. Also I need to emphasize that we do believe in SUMO and we really think the coin has a big potential, the community is quite healthy and the future is quite bright.
BUT
We need more exchanges as it is very hard to operate with only one sh**ty exchange like cryptopia (ignoring the others as the volumes are very low there). Recently it became almost impossible to work with them as there are constant issues - deposits are extremely slow (taking days), the limit orders got cancelled for no reason etc. It simply doesn't work and selling (hence mining from our perspective) sumo becomes a pain in the ass. The reputation of the coin suffers, the miners are not happy, traders cannot speculate and investors are simply "no-thanks" recently.
I know very well what is needed to have a coin listed on a reputable exchange. I heard all arguments that probably its not the right time yet, probably we need to wait till the summer etc. But now I think this issue becomes critical and some urgent measures should be taken! ASAP.
Thanks.
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