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Author Topic: [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏 (MOD)  (Read 6542 times)
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sumogr
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June 13, 2018, 08:14:17 PM
 #1






    Introduction

    Sumokoin (スモコイン in Japanese) is a fork from Monero, one of the most respectable cryptocurrency well-known for security, privacy, untraceability and active development. Starting as an educational project, we found that it would be great to create a new coin with high level of privacy by (1) moving forward right away to Ring Confidential Transactions (RingCT), (2) setting minimum transaction mixins to 12 that would make it high resistance to blockchain analysis attacks.

    Sumokoin, therefore, is a new Monero without its legacy, a truely fungible cryptocurrency among just a few ones in the market.




    Features

    • TRUE FUNGIBILITY

      Sumokoin is one of a few rare cryptocurrencies with true fungibility - the feature makes digital currency act like physical cash i.e. no other people can find where the money comes from and how many have been transferred.

    • GREAT PRIVACY

      Sumokoin is created with high level of privacy in mind, setting Ring Confidential Transactions (RingCT) with minimum ringsize of 12(+1) to conceal sources/amounts transferred and make it high resistance to blockchain-analysis attacks

    • STRONG SECURITY

      Sumokoin utilizes the power of a distributed peer-to-peer consensus network, every transaction is cryptographically secured. Individual accounts have a 26 word mnemonic seed displayed when created, which can be written down to back up the account and account files are encrypted with a passphrase to ensure they are worthless if stolen.






    Supply & Emission


    • Total supply: 88,888,888 coins in 20 years, then 263,000 coins each year for inflation. About 10% (~8.8 million, 98% locked in escrowed wallets) was premined to reserve for future development, i.e. 80 million coins available for community mining in first 20 years.

    • Coin symbol: SUMO

    • Coin units:
        
      • 1 Sumoshi  = 0.000000001 SUMO (10-9 - the smallest coin unit)
      • 1 Sumokun = 0.000001 SUMO (10-6)
      • 1 Sumosan = 0.001 SUMO (10-3)




      Hash algorithm: Standard Cryptonight



      • Block time: 240 seconds

      • Emission scheme: Sumokoin's block reward changes every 6-months as the following "Camel" distribution* (inspired by real-world mining production like of crude oil, coal etc. that is often slow at first, accelerated in the next few years before declined and depleted). However, the emission path of Sumokoin is generally not far apart from what of Bitcoin (view charts below).









      Escrowed Wallets

      Majority of premined coins (98%) are locked in the following wallets:

      Wallet 1:

    [/list]
    Code:
    Address: SumonzyoAnidrp3B6WhbntJLRJsPRD7LiSd2e5HjRV9h6qWj6ia2ihgRXn8ZwmwfQgZ1mL9EkcsBcELL4h84v1yhMF9opLgjM1j
    Viewkey: e6e58faa93dba88315f67f53cba9413ebf0f423badb62696aa28ce6c0db2df00
    Locked amount: 600,000 -- Until height#: 153600 (July 2018)

    Wallet 2:

    Code:
    Address: SumonzyopdC7egt7MWhJcNfR3ktmfWqPNcu3Sb9aejAZ48W4a1ZW95vjXyQDuLLg2gSN8GkP3474R2wRr1h9ggy2BUHhbrLJJ51
    Viewkey: 25ba5fa5abb5f99962754001ff631e01684f9a59871d798a20a1658ba31c950c
    Locked amount: 900,000 -- Until height#: 285091 (July 2019)

    Wallet 3:

    Code:
    Address: SumonzyoK3hCffFQ8djaKZhokmPZsiuEaeLfEtnJfTXVQV3ce3mNHKHQ5kYLPVfNMsS7dhmyHihvhfKU6xXCrmaL4RVDo8eR3gB
    Viewkey: 1a8c55e52f7f80da3dfd2eadf71a74afb3242c20168ad888b57f483dbc38b00e
    Locked amount: 1,100,000 -- Until height#: 416581 (July 2020)

    Dev Wallet:

    Code:
    Address: Sumoo4aMxWbLgqVazxbiNNFSDyhBEonRf99KmceTEnYUCWUQR2gXF1617P8xQxaMcGi5BAU7juzThSTboV6e1gitSjkfjq2zgY2
    Viewkey: e12497b6dc6c2cbaf7b311e54b93e4e5f6367acda69a49f9ef20c51d9c689f00
    Locked amount: 400,000 -- Until height#: 153600 (July 2018)
    Locked amount: 100,000 -- Until height#: 285091 (July 2019)
    Locked amount: 5,600,000 -- Until height#: 416581 (July 2020)
      * After all amounts are unlocked (in 2020), further escrowing can be considered depending on community/market.



      Whitepaper & Academic Study




      Downloads & Links

      • GUI Wallet




        NOTE:

        * There are some false-positive alarms from Virus Total (mostly from unknown anti-virus vendors) mainly due to embedded python binaries in Windows installers.

        ** Zip content should be extracted to non-unicode folder path, better at root drive like C:\ or D:\ on Windows

        *** To run SumokoinWallet.app on Mac OSX Sierra, you'll have to allow it at System Preferences -> Security & Privacy






      • Binaries




      • Block Explorer



      • Wallet Generator

        * Please note that this is an address generator, NOT a true wallet, so please backup 26 seed words to restore wallet later.
          

        Mining Pools
         
        - https://pool.sumokoin.com
        - https://sumokoin-pool.com/
        - http://sumokoin.fairhash.org
        - https://easyhash.pro/sumo/
        - http://www.sumopool.de/
        - https://sumokoin.hashvault.pro/
        - https://sumo-pool.theskynet.xyz/
        - http://sumo.pandapool.nl/
        - http://pool.sumokoin.net/
        - http://easyhash.io/
        - https://sumopool.eu/
        - https://sumo.herominers.com/
        - http://sumo.mychainpools.com/
        - https://sumopool.razornetworks.net/


          If you want to start your own mining pool, just fork the pool's source code at Github.

          

          Downloads:

          - Windows 7/8/10 (x64):

          Download link: SumoEasyMiner-v0.1-b1.3-w64install.exe
          Checksum (SHA-256): 5a53eb3989dadd7abfa6d153c50f829ecfe02d79dc0fa560f980af9833449e0b

          - Mac OS X:

          Download link: SumoEasyMiner-v0.1-b1.3.dmg
          Checksum (SHA-256): e7f7252f86893c38698feb8dbc548ca0715372b0f5b34c0c3804fa4288c82d7a


        Exchanges
          
            





        FAQ


        • What is Monero?

          - Monero (symbol: XMR) is one of the most popular and valuable cryptocurrencies, famous for openness, active development and innovation. Monero has great support from a large user community and open-source developers. For more info, please visit its official website getmonero.org.


        • What are differences between Sumokoin vs Monero?

          - Apart from the differences in total coin supply, emission scheme, block time etc. listed below, Sumokoin aims at stability while Monero gets breakthroughs via a series of scheduled hardforks (that may put some pressure on exchanges/payment services). It does not mean there won't be any hardfork in Sumokoin but only when required for critical updates.


          MoneroSumokoin
          Total supply:Infinite - 18.4M in first 8 yrs   Infinite - 88.8M in first 20 yrs
          Smallest currency unit:     piconero = 2-12 XMR   sumoshi = 2-9 SUMO
          Emission scheme:Smooth varying"Camel" distribution
          PoW Hash Algorithm:Cryptonight-V?Standard Cryptonight
          Block reward:Adjusted at every block   Adjusted every 6-months  
          Block time:120 seconds240 seconds
          Wallet mnemonic seed:25 words26 words


          - Sumokoin also has (slightly) different block size limit/growth and fee structure that would be more favorable for miners.

        • How about development path/team for Sumokoin?

          Sumokoin wants to be a cryptocurrency that can be used easily by normal users, not only developers, so we'll focus on:

          1. Developing GUI wallets for both desktop and mobile along with online wallet for beginners.

          2. Working with payment gateways to make SUMO a viable cryptocurrency accepted widely among merchants.

          3. Keeping improvement in coin security, untraceability and privacy.

          Core developers:

          - Vu Quang (Founder)

          Hanoi Team:

          - Le Tuan

          - Dinh Cuong

          - Nguyen Hoa


        • Why should I invest in Sumokoin?

          1. Sumokoin was created with long-term vision in mind. The coin emission path is quite similar to Bitcoin with (majority of) coins to be distributed in 20 years.

          2. Sumokoin has very high privacy settings that is suitable for all high confidential transactions as well as for value storage without being traced, monitored or identified. In the long run, we believe these characteristics will pay off as crypto attacks become more sophisticated with much greater computation power in future.

          3. Sumokoin has good reservation for development and bases on Monero which is being very actively developed.


        • What do you do with premined coins?

          - First of all, a project with decent premined coins in most of cases is a good sign of long-term commitment as long as the creators are not too greedy or short-sighted (or both). We set aside 10% premined coins in genesis block to reserve for future development and for maintenance of coin infrastructure (seednodes, websites/forum, tools etc.) and make sure the coin won't be under-developed or abandoned like many others.

          - Part of reserved coins will be donated to The Monero Project and sponsor for its child projects which benefits Sumokoin like creating disposable/sub wallet addresses etc. (hopefully they are willing to accept donation in SUMO). The rest will be invested to internal projects as specified at "development path" section above.


        • Do you have any relationship with The Monero Project?

          - No. While we have full respect for all core developers of The Monero Project who are competent, open and smart, however, we've never had opportunity to contribute anything to Monero yet (we hope we will).

        • Is this coin Japan-based?

          - No, with full respect to Satoshi Nakamoto and as our love to Japan's culture, this coin is named like Japanese but not try to be a Japan-based cryptocurrency. We hope Japanese will use it because of its features, not because of its name.





        Donations

        • Core-dev donation address:

          SUMO:
          Address (full): Sumoo64zh7dRFyB8dgDWZMLmzKBgGXYWZCG4NBF2VcvzEuiSQpMjyyiYJ1Ra696pZu56PPFQNBDdB1r ZjyeX1RVKeWZgHg7pTxj
          Viewkey: 5ea8d3a31d3f3b81a8577f442e68458f456a5e3c59d4327bba9e9c9df881ed0a


        Thank you!!!



      [/list]

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      1545144018
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      1545144018
      Reply with quote  #2

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      Germining
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      June 13, 2018, 08:33:46 PM
       #2

      Hey guys,

      We are trying to get listed on IndoDax again. We still have our votes from the last round (we only missed to get listed by a tiny bit).

      We would be happy if many of you will support us with your votes. Right now we are still #1, but we expect the other projects to vote massively just before the voting will ve closed.

      So support us and help SUMO to get listed on IndoDax Smiley

      https://indodax.com/vote_coin



      Digital Cash For Highly-Confidential Transactions
      Private • Untraceable • Decentralized • Fungible
      face0ff06
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      June 13, 2018, 09:24:23 PM
       #3

      Russian translation reserved if you need pm me pls
      maomao
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      Not only FUD :)


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      June 14, 2018, 01:19:48 AM
       #4

      i can do the italian translation. let me know pls

      nguyenhoangminhkhoi
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      June 14, 2018, 01:25:00 AM
       #5

      This coin is from Vietnam. Well, I do like this dev team. Tell me, how can I do to own some of coins without buying?
      alforro
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      June 14, 2018, 03:05:17 AM
       #6

      spanish translation reserved. pm if interested
      jezus
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      June 14, 2018, 07:54:41 AM
       #7

      This is new exchange indodax?

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      []
      Germining
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      June 14, 2018, 07:58:46 AM
       #8

      If we manage to win the voting - yes Smiley

      Digital Cash For Highly-Confidential Transactions
      Private • Untraceable • Decentralized • Fungible
      codesdnc
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      June 15, 2018, 02:37:37 AM
       #9

      Now, why is SumoGUIWallet feeling the need to access 007guard.com?

      Edit: False alarm. Was an issue w/ my hosts file & reverse lookup.

      I am having an issue where the sync is not progressing past block 137511 for some reason.
      garantie
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      June 15, 2018, 11:20:36 AM
       #10

      Why made this new thread?

      Here is the recent one: https://bitcointalk.org/index.php?topic=1905086.msg18904980#msg18904980
      Differences, changes?
      Kinda Confusing...
      sumogr
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      June 15, 2018, 11:40:49 AM
       #11

      Why made this new thread?

      Here is the recent one: https://bitcointalk.org/index.php?topic=1905086.msg18904980#msg18904980
      Differences, changes?
      Kinda Confusing...

      Because we discovered that having a non moderated thread means that every scammer or person with ill intentions can unleash the gutter he hides in soul unhindered.
      This thread will remain clean to provide updates and support for Sumokoin users

      fire-lion
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      June 15, 2018, 11:42:04 AM
       #12

      res
      gameboy366
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      June 15, 2018, 02:29:26 PM
       #13

      Already wasted months mining and holding Sumokoin. They are not worth anything now. It's ASIC only. Nobody's interested.

      -Ravencoin (RVN)
      -SUQA (SUQA)
      mrtrevorphilly
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      June 15, 2018, 02:35:56 PM
       #14

      Already wasted months mining and holding Sumokoin. They are not worth anything now. It's ASIC only. Nobody's interested.

      Sad true...
      sumogr
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      June 15, 2018, 03:51:39 PM
       #15

      Already wasted months mining and holding Sumokoin. They are not worth anything now. It's ASIC only. Nobody's interested.

      Mine something else. Gpu miners are not interested cause they are gpu miners obviously they wouldnt be interested.

      bzyzny
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      June 16, 2018, 03:49:52 AM
       #16

      I would suggest making it merge mined with monero if possible. This wound help a lot with security and adoption.
      Dread Pirate Roberts
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      June 16, 2018, 04:08:00 AM
       #17

      I know sumocoin from indodax community voting . what happen with old thread ?
      BTW . any bounty active in sumocoin ? or translation bounty ?
      i want reserve for Indonesian sub forum .

      herominers
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      June 16, 2018, 12:59:50 PM
       #18

      pool reserved.
      Germining
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      June 16, 2018, 01:06:56 PM
       #19

      I know sumocoin from indodax community voting . what happen with old thread ?
      BTW . any bounty active in sumocoin ? or translation bounty ?
      i want reserve for Indonesian sub forum .

      There are no bounties at the moment. But yes, we want to get listed on indidax. Support us, if you like Smiley

      Digital Cash For Highly-Confidential Transactions
      Private • Untraceable • Decentralized • Fungible
      Krezz2017
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      June 16, 2018, 07:56:36 PM
       #20

      You write. "Thus, Sumokoin is the new Monero without its heritage, a truly interchangeable crypto currency among the few on the market." But, with such an exact title already on this forum was the project.

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