Sumokoin – A rocket in Stealth Mode

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Sumokoin Cryptocurrency

After the rise of Verge with a negative touch and lots of drama as privacy coin and a growing interest in privacy coins, I received tons of messages and emails (thank you guys) on social media channels regarding how a worst case scenario could look like and what could be an alternative privacy coin to secure investments. After a stressfull time with Fake News, I came across a project which I think, could be a next great opportunity worth to check some details -> “Sumokoin“.

Why have I never heard of this project before and why can’t I find any details or reviews on the internet? What I found and what made me believe we might have an opportunity rocket (I guess at least 100 USD gains) in stealth mode, you can find below (taken from their forums):

As stated several times, this is no investment advice but a reflection of my personal oppinion! 

What is Sumokoin?

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.

Sumokoin 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.
  • 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 (10-9the smallest coin unit)
    • 1 Sumokun = 0.000001 SUMO (10-6)
    • 1 Sumosan = 0.001 SUMO (10-3)
  • Hash algorithm: CryptoNight (Proof-Of-Work)
  • 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).

Sumokoin Cryptocurrency

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 hardforks (that may put some pressure on exchanges/payment services). It does not mean there won’t be any hardfork in Sumokoin, but not in near future (probably not in years).

Monero Sumokoin
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
Block reward: Adjusted at every block Adjusted every 6-months
Block time: 120 seconds 240 seconds
Wallet mnemonic seed: 25 words 26 words

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

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.

Don’t think about the growth potential only but also what this coin could be used for and check out the work of the developers behind Sumokoin! With a current market cap of $27.955.847 USD and a supply of 11,626,867 SUMO (29/12/2017) I don’t need to explain that this coin could heavily increase its value and beam up from rank 297 to the top 80 which would lift its price up to about USD 100 in no time!

For more details regarding mining and wallets, check out the official Sumocoin website: https://www.sumokoin.org/

11 COMMENTS

  1. I kept Sumokoin from almost day one and followed the developers work progress. I doubt this coin will reach a maximum price value of 100 dollars. From my 4 years of crypto experience I see this coin at 150 dollars at least once released on more trading platforms by mid-end 2018, possibly earlier. The crypto community doesn’t focus on Sumokoin as it is too low and unknown in terms of market cap and that’s what makes it a good buy-in. Same patterns as Verge and TRX beginning 2017 and recognized later.

    • Don’t forget how long it took for Verge to get to that point. As for Sumokoin the dev team behind it stands when others fall, down to earth and keep their deadlines. I bought a week ago and my profits tripled. 100.00 for this coin seems doable,

    • After checking first page tops of CMC and SUMO to see what entered the heavy weights I agree with your statement this coin could reach the 150 mark overnight.

  2. Thank you for this Thorsten! Appreciate your articles, made me a decent amount of money. Would love to see people like you as investment advisor. Would send you all my money 😉 not kidding.

  3. Did anyone check the patterns already? This Sumokoin looks extremely promising at the moment for the current price. Bought the dip and wait for a supernova explosion. Why don’t they promote Sumokoin?

  4. Since Verge team is one of the biggest losers in crypto history, Sumokoin has one of the best stable teams I have seen compared to other low ranked coins. This coin deserves to increase this year I expect 50 80 usd or more.
    Thanks for sharing

  5. Research shows Sumokoin is a Monero fork which makes it very attractive for privacy coin trends. The team SUMO gives a shit on marketing and promotion and keeps the work up with hard working hands on the project. I believe Sumokoin could grow the market cap to 2 billion in Q4 2018.

  6. I love this coin because of its privacy and its easy to use GUI Wallet. I have just bought a good amount of Sumokoins. Now it’s the time to buy 😉

  7. Hello There. I found your blog using msn. This is
    an extremely well written article. I will be sure to bookmark it and return to read
    more of your useful information. Thanks for the post.
    I will certainly comeback.

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