Sumokoin ICO: Company Review and SUMO Token News Updates

Sumokoin SUMO: Secure Private Untraceable Cryptocurrency?

In recent months digital currencies like Bitcoin, Ethereum have dominated headlines, and have become the torchbearers for the crypto community at large. However, while all the attention is going towards the aforementioned assets, currencies like Moneo, Ripple, Litecoin are also gaining considerable traction within various global economic markets.

What Is Sumokoin?

Sumokoin in its basic form can be thought of as a fork for the cryptocurrency Monero. Monero is one of the better known digital assets that we have in the market today. It is highly talked about because of its use of a secure, stable framework .

Secure Private Untraceable Sumokoin

Privacy:

Through the use of “high privacy modules” along with Ring Confidential Transactions (RingCT) (minimum rings size (mixin) of 12), this platform is able to make monetary exchanges highly secure and private.

Untraceable:

Owing to the fact that SumoKoin is resistant to blockchain analysis, it is virtually untraceable. Not only are the “sending and receiving addresses” fully encrypted, but even the amounts that have been sent across are obfuscated by default.

No Traceable Links:

All of the transactions that take place within the Sumokoin blockchain have been found to be completely unlinkable to any particular user, or a real world identity.

Decentralized:

As mentioned earlier, this digital asset follows on the footsteps of decentralized, trustless currencies of the past (such as Bitcoin), and thus aims to serve as a legitimate means of carrying out peerless/ cashless transactions.

No Third Party Involvement:

All of the transactions that go through on this platform are confirmed and operated by the network users themselves. In addition to this, all transfers are carefully noted and recorded on the blockchain immutably.

Other Aspects To Consider

Fungible:

Sumokoin is fungible due to the incorporation of many built-in privacy features. Similar to various fiat currencies, this token is changeable and can be replaced for other assets.

Poor Identity Details provided:

While the name of the core developer (Sumoshi Tanaka) is provided to us, there are very few other details that we could find on the website that could point us to other people involved with this project. Sumoshi can be contacted either via email, or through his various social media outlets.

New Branding:

In its current incarnation, Sumokoin is being made to undergo many cosmetic/ marketing makeovers to increase its global appeal. The developers have changed the coin logo, roadmap descriptions and other small things to increase the visual appeal of this platform.

Sumokoin SUMO Token ICO Details

According to the official whitepaper of the company, there will be a total of 88,888,888 coins that will be made available for purchase over a period of 20 years. After this period, there will be 263,000 coins that will be added to the kitty each year (as a means of curbing inflation). Additionally, we have found that about 10% (~8.8 million, 98% locked in escrowed wallets) of all tokens have been reserved for future development.

For any other details about this currency or queries regarding the platform, users are encouraged to contact customer support via the email address provided on the “contact us’ page.