Hey Steemit Community.

I have been lurking here for the last couple of days and I have to admit that the concept is great. The community seems to be very active and the content is, considering the age of the platform, of good quality. Anyway, as you might have guessed this post is all about my latest diamond in the rough.

Quick Summary

I am talking about the Suterusu project with the SUTER coin.

Suterusu aims to become a launchpad for interoperable privacy-preserving blockchains. The team intends to implement an anonymous cryptocurrency that is based on the setup-free ZK-ConSNARK cryptographic function.

A layer 2 privacy chain that brings fast and secure privacy to ANY ERC-20 coin. Imagine every cryptocurrency using SUTER for maximum privacy. Zcash and other privacy coins will be useless by then.

General Information

Suterusu was launched on 1/12/2018 by a team based in Singapore. In December 2019 they made their project open to the public. This is an incredibly new project and the community is very active. The developers will launch the mainnet in September 2020. It has a total supply of 10,000,000,000 SUTER and is deflationary. This means the number of available tokens will decrease, leading to an increase in price. Coinmarketcap says that it has a 24 Volume of about 4 Million and a marketcap of about 10 Million. Suterusu has released 1.100,000,000 Tokens of which 80% are staked.

Scam Alert?!

No. Certainly not. I am aware that the project origins from China and that they have a history of scams. But this project is different. The developers only own 3.2% of all tokens, and they are locked away for three years. The Suterusu foundation owns 4.8% of all tokens. The leading developers are all known researches with a public track of publications in the software and cryptography field.

Where can I buy this?

You can buy this on KuCoin. Feel free to use my referal code https://www.kucoin.com/ucenter/signup?rcode=2HuReH1 :)

Can I stake it?

Yes, you can comfortably stake your tokens using their wallet. It currently yields 60% a.p.r. and the rewards are paid out daily.

It is a cheap pump and dump

I need to disappoint you on this one. You have a 15-day stake withdraw delay and a 7-day wallet withdraw delay. It is not an object of speculation but rather a long time investment.
What can I expect from it?
This is really hard to tell. Considering the mainnet launch will be in this year in September. 5-10 cent is realistic in October. Considering the bitcoin bullrun early 2021... all bets are off.

Questions

Feel free to ask me. While I am not part of the Suterusu foundation I consider myself to be well-informed about it.