Sum (Sumcoin) is the world’s first Index based Crypto Currency by sumcoin.org and supported by all participating General Bytes ATMs. Sumcoin is a cryptographic blockchain using scrypt proof-of-work algorithm.
Important! Please pay attention to the following information:
SUM - is an index and has specific trading. Orders can be executed only with index prices. You can enter your Buy/Sell price in the order book on STEX. But the execution of any position Buy / Sell can be finished only in +/- 1% of the current index by sumcoin.org.
For example, the index price of sumcoin.org is 0,00001903 for BTC. So you can Buy/Sell only +/- 1% this price.
Basic principals to adhere to Index Rate with trade:
- index rate no more than 1% +/-
- traders are not able to place Buy orders greater than the Index price;
- traders are not able to place Sell orders less than the Index price;
- any existing orders will automatically be cancelled as the Index price grows/drops by more than 1%.
Official website: https://www.sumcoin.org/