SUMOKOIN one to watch!steemCreated with Sketch.

in #bitcoin7 years ago (edited)

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Sumokoin a 2-month old coin and one to watch!


Sumokoin is forked from the source code of Monero cryptocurreny, one of the most innovative digital coins which is well-known for security, privacy, untraceability and active development, therefore, naturally inheriting all of those great features, yet without the burden of its past.

  • True fungibility
  • Great privacy
  • Strong security

More info can be found on there website SUMOKOIN.COM.

What makes Sumokoin different then Monero?

  • It's younger and therefore, no historic issues (like old linkable txes), too many hardforks etc.
  • Sumokoin is secured from day one, there would be very, very, very difficult for anyone who try to track any transaction by blockchain analysis.
  • The untraceability is not optional, not by a "master node", it's built-in.
  • It has a default minimum ringsize value of 12 increasing anonymity and protecting from blockchain-analysis.
    Sumokoin's unlinkability and untraceability guarantees the coin's future.

Best crypto wallet

Developer Bill drafted the first prototype of the app very fast . The team discussed on every single feature in GUI to keep it tidy and less clustered. A few more features he wanted to include were set aside for next version so that the first beta could release on time.

wallet01.png wallet02.png

GUI Wallet (v0.0.1-BETA 1)

Development Path (roadmap)

Sumokoin has a team of 4 developers. Active delevopers on Bitcointalk / Telegram and that for a coin that's under 1M marketcap!

  • End august 2017:
    Sub-address: Feature to create a disposable, temporary address for receiving funds without being tracked or linked to main wallet address. (Dev: Haruto Tanno)
    Multi-signature wallet: Feature to create multi-signature wallet for team, corporate uses or for better security. (Main dev: Sumoshi Tanaka)
    Sumokoin Easy Miner: A side project by Bill to make a cross-platform GUI for CPU miners with easy to start (Dev: Bill Aue)

  • September 2017:
    GUI wallet: Next BETA release. Various improvements on UI/UX. Better logging and compatible with OSes. Support multi addresses and sub-address. (Dev: Bill Aue)
    Lite wallet: Online wallet for instant use. (Dev: Vu Quang)

Devs are working on free time only and all already have rather busy company jobs. So, some delays may be expected to ensure good outcome quality. For all above tasks, core development will mainly merge from upstream codes (by Monero) with modifications and improvements. Lite wallet will be the whole new job for team while GUI wallet and Easy Miner will, hopefully, create a good reputation for Sumokoin.

Exchanges

Community

FAQ about Sumokoin

Q: Where are the premined coins?
A: Devs decided to lock majority of them (98%) in the following escrowed wallets until 2020
Wallet 1:

Address:
SumonzyoAnidrp3B6WhbntJLRJsPRD7LiSd2e5HjRV9h6qWj6ia2ihgRXn8ZwmwfQgZ1mL9EkcsBcELL4h84v1yhMF9opLgjM1j
Viewkey: e6e58faa93dba88315f67f53cba9413ebf0f423badb62696aa28ce6c0db2df00
Locked amount: 600,000 -- Until height#: 153600 (July 2018)

Wallet 2:

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

Wallet 3:

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

Dev Wallet:

Address: Sumoo4aMxWbLgqVazxbiNNFSDyhBEonRf99KmceTEnYUCWUQR2gXF1617P8xQxaMcGi5BAU7juzThSTboV6e1gitSjkfjq2zgY2
Viewkey: e12497b6dc6c2cbaf7b311e54b93e4e5f6367acda69a49f9ef20c51d9c689f00
Locked amount: 6,100,000 -- Until height#: 416581 (July 2020)

After all amounts are unlocked (in 2020), further escrowing can be considered depending on community/market.


Q: Will there be bigger exchanges?
A: Yes! Dev and community are working hard to get this coin listed on bigger exchanges like Bittrex.


Q: Why is dev anonymous?
A: Sumoshi created Sumokoin because its features especially built-in anonymity in transactions and he think that will be upmost important in the long run. He chose very high ringsize/mixin (12+) as minimum privacy level (after many debates), rather a "paranoid" level I could say, for that reason.

He would never release the coin if he had to sacrifice his anonymity (so did Haruto), partially because the country culture, especially strict corporate culture which questions any side project outside company interests. And that's his life (not purely abt the job or salary but sth about relationship/face, I'm not entirely sure).

Devs created Sumokoin accidentally but with a purpose: an ultimately privacy-centric coin. Everything else is up to community judgement. Some feel ok with pseudonym, some not; some are ok with 10% premined (or unknown, yet-up-to 50% like Ethereum, probably 90% - 100% in some ICOs), others may only accept 5% or none. It's not possible to please everybody. Sumokoin also don't try to buy trust by all means, some principles will never change. Investment to any coin, even established one, is a very risky business. Nobody knows what would happen tomorrow, next year or next 5 years. So, if any doubt, please don't buy the coin. Devs are not in rush, they have a long vision and commitment to Sumokoin.


Q: How can I help?
A: Join our Telegram group: Join here

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