[ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏

[visdude]

I'm not trying to fud btw (hell, can't fud a coin I hold several handfuls of BTC worth:). I did check the official roadmap and the only wallet changes currently listed are with the online wallet. Having "watching only" wallets available would be a nice option, especially when maintaining multiples.

Either way, I'm staying hopeful for more features!

I mined a whole bunch of the tokens myself early on when the difficulty was very low so I'm a hodler too. Hence my insistence on the feature but the cheerleaders insist that I'm a fudder...just because I ask the hard questions that they obviously don't like...stealing their cheerleading thunder in the process.

FUD (and any of its iteration/conjugation/inflection/degree) is such an overused/misused/abused term. It's usually the go-to buzzword for people who don't have anything meaningful to say or could no longer support their position in an otherwise rational discussion. It's an "out" for their ineffectiveness.

BTW, I wasn't making this whole thing up:

https://bitcointalk.org/index.php?topic=1905086.msg28850449#msg28850449


Edit: "mined a whole bunch" doesn't mean in any way, shape or form that it even comes close to the premine amount of this crypto.

[1714774389]

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[miner.rocks]

sumo sumo..
 it this still profitable to mine?

One can check 7day profitability chart right there https://sumo.miner.rocks/#

[sumogr]

SUMOKOIN LIGHT WALLET OFFICIAL RELEASE

Sumokoin official LITE wallet is released.
Download it from

https://github.com/sumoprojects/SumoLITEWallet/releases

Restoring a wallet from 0 block height will take a few hours, creating a new wallet can be used for transactions within seconds.

[dtr]

Sumokoin official LITE wallet is released.

Nice.

[Germining]

SUMOKOIN LIGHT WALLET OFFICIAL RELEASE

Sumokoin official LITE wallet is released.
Download it from

https://github.com/sumoprojects/SumoLITEWallet/releases

Restoring a wallet from 0 block height will take a few hours, creating a new wallet can be used for transactions within seconds.

Good job team

[annapotpot]

Is the sumolite wallet works just like electrum? Sumokoin is getting better and better hope the price goes to moon soon

[visdude]

So the only difference between GUI and LITE is the ability to connect to a remote node. Why have two separate standalone apps to accommodate a single feature? Wouldn't it be more elegant, efficient and practical to just incorporate this single feature into the existing GUI wallet as a Settings Option just like Monero GUI Wallet has?

Furthermore, "LITE" usually connotes "Mobile". Why is there no official mobile (Android, etc.) version of the LITE wallet? Is that forthcoming?

[pawelsalsa45]

I like the security space so I am definitely interested in Sumo. I have been mining it for a month now with good results and look forward to the future of this project.

And what future of this project are you waiting for? Another fork? Or news from developers? So far, I do not see any special success with the coin.

   Sumo coin was successful once when it hit 80k satoshi a few months ago, but now all I see is just a regress. The main cause of these drops was the bear market,  but even now, when we enter the bull market slowly there are no signs of recovery. I'm also holder, I have invested in this coin a quite big sum if converted into dollars but I'm pessimistic now.  Will this project skyrocket again? I hope so but I'm becoming more and more pessimistic.  I also think that one of the main reasons is that it is a profit-oriented project, 10% pre-mine, it is a huge amount and I don't see how such large amount of coin could be used for its good when the premine wallet is to be relist in June.

[Germining]

I strongly disagree with you pawelsalsa45. The market is bullish? The whole market? I don't see this yet.

I know, I know... Visdude may say I am cheerleading now. But what has changed for Sumo since we hit 80ksat? We improved. We have new team mebers, our very own PoW, we still have the same roadmap and we are about to go live on nextexchange very soon. You think we don't have what it takes? If we don't have it now, we didn't have it back in december.


I don't want to convince you to hold, I just have a friendly advice: there are many many coins and due to that, some coin pumps everyday... you can go try to chase those pumps (try to find them before everybody else does - a tough competition), or you search for a coin with strong fundamentials and hold it.  Hold it for a long time.

For me, Sumo is such a coin (one to hold a long time, since I strongly believe in it).

And last but not least: a small part of the premine will ve releaed in june. Not the 10% in total. In fact, it is not even 1%. Please look at the release of the premine carefully and stick to the facts 

[jrtaboraman]

There's a lot to give on this coin. I always believe in this project.

[pawelsalsa45]

I strongly disagree with you pawelsalsa45. The market is bullish? The whole market? I don't see this yet.

I know, I know... Visdude may say I am cheerleading now. But what has changed for Sumo since we hit 80ksat? We improved. We have new team mebers, our very own PoW, we still have the same roadmap and we are about to go live on nextexchange very soon. You think we don't have what it takes? If we don't have it now, we didn't have it back in december.


I don't want to convince you to hold, I just have a friendly advice: there are many many coins and due to that, some coin pumps everyday... you can go try to chase those pumps (try to find them before everybody else does - a tough competition), or you search for a coin with strong fundamentials and hold it.  Hold it for a long time.

For me, Sumo is such a coin (one to hold a long time, since I strongly believe in it).

And last but not least: a small part of the premine will released in june. Not the 10% in total. In fact, it is not even 1%. Please look at the release of the premine carefully and stick to the facts 

 Thank you for your feedback. As I said before, I'm a holder, I invested in this project almost at the very beginning of it existence. I was also one of those who have helped this coin to reach 80k satoshi, I traded hard and at that time it brought me financial success. But now I feel like this project is being undervalued by investors and I wonder why is it so.  This initial enthusiasm disappeared somewhere , coin that was intended to replace or complete monero just got stock in a dead end. I think there are many reason of this situation, lack of big exchanges or even a few small ones, why not try to list it on for example tradesatoshi, southchange etc,etc. But also this big premine could be a problem in further development. Investors aren't stupid, they can count and the situation of sumokoin is completely different from Monero because sumokoin has to compete with thousands of other coins while monero is like bitcoin, everybody know it!  That is why 10% premine of Monero isn't equal to 10% premine of sumokoin. Monero team could afford sch a big premine because at that time there were no competition involved, but now situation of Sumo is completely different,  it has to compete with everybody! I wish Sumo good luck. As a matter of fact I will be still holding it for better times and better profit but without all that enthusiasm that accompanied me when I bought my first Sumo!

[Germining]

We will be on a new exchange within this week. And even a decentralized one (nextexchange). It's still a beta, but it will be open for public trading within q2/2018.

As for other small exchanges: even small ones ask for huge fees and I don't think they are worth it most of the time. An exchange with 3M$ volume that aks for 10btc as a listing fee is a bad deal.

We will be on more echanges within this year. For now we have livecoin, cryptopia and tradogre. Nextexchange will follow soon and we are in contact with many more.

To talk about the premine again: the premine was explained since day one. If one does not agree with it, one just should not invest. Anyway, as you already said, s coin needs funds to work. There is no way around it.

Cheers!

[visdude]

-snip-

  That is why 10% premine of Monero isn't equal to 10% premine of sumokoin. Monero team could afford sch a big premine because at that time there were no competition involved, but now situation of Sumo is completely different,  it has to compete with everybody! I wish Sumo good luck. As a matter of fact I will be still holding it for better times and better profit but without all that enthusiasm that accompanied me when I bought my first Sumo!

Where did you get this information from...about Monero having a premine?

[Germining]

Please don't diskuss this here. If you have a topic concerning xmr you are free to use their ANN.

[Germining]

The cheerleader kindly aks you to keep the topics only related to xmr out of this ANN. The cheerleader thinks that this would be polite, since this is not about comparing coins but only xmr related.

You don't see me talking in xmr's ANN about Sumo issues, do you?

[visdude]

Cheerleader incapable of processing simple contradiction in her brain that eventually manifested as a double-standard on her part. Cheerleader failed to admonish the OP who posted inaccurately about "Monero" having a premine but instead singled me out when I corrected the inaccuracy. Me thinks cheerleader has got the hots for me.

Edit: cheerleader likely a blond

[sumogr]

Sumokoin GUI Wallet v0.0.4

This release is to update with Sumokoin core v0.3.1.0 (Aomori, Release Point 1) with various UI improvements and better stability.

Changes:

Updated with the official release of binaries: v0.3.1.0 (Aomori, Release Point 1) for better syncing with HF v3
Adding better progress indicators and other small UI tweaks

https://github.com/sumoprojects/SumoGUIWallet/releases/tag/v0.0.4

Please update your wallets as soon as possible

Hello, sumogr,
Is this version a mandantory or optional one? Please state officially about this version to the community.

This is a mandatory upgrade

[Itsish1]

I strongly disagree with you pawelsalsa45. The market is bullish? The whole market? I don't see this yet.

I know, I know... Visdude may say I am cheerleading now. But what has changed for Sumo since we hit 80ksat? We improved. We have new team mebers, our very own PoW, we still have the same roadmap and we are about to go live on nextexchange very soon. You think we don't have what it takes? If we don't have it now, we didn't have it back in december.


I don't want to convince you to hold, I just have a friendly advice: there are many many coins and due to that, some coin pumps everyday... you can go try to chase those pumps (try to find them before everybody else does - a tough competition), or you search for a coin with strong fundamentials and hold it.  Hold it for a long time.

For me, Sumo is such a coin (one to hold a long time, since I strongly believe in it).

And last but not least: a small part of the premine will ve releaed in june. Not the 10% in total. In fact, it is not even 1%. Please look at the release of the premine carefully and stick to the facts 

SO very well put my friend.

No one will try and convince you Pawelsalsa45 to hold your coins but if anyone will display the facts in a way with the upmost respect and accuracy its Germining. I'd listen to what he said and make your own mind up then.

[visdude]

Thank you @fengzhiyan @JapieAmerika

@RomanV We're working on GUI wallet now, there is no specific date for release yet as we've just started project. It took 2 years for Monero to have first official GUI wallet, so be patient

[visdude]

Well, what are the expectations then? Will Sumo get perhaps 10% the price of monero? How did this things go in the past?