SONM (SNM)

Sonm provides cloud services based on distributed customer level hardware including PCs, mining equipment, and servers. You can either rent out your hardware or use someone’s computing power for your needs.

Whitepaper

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What is SONM

SONM is a decentralized worldwide fog supercomputer for general purpose computing from site hosting to scientific calculations. SONM company is an effective way to solve a worldwide problem - creating a multi-purpose decentralized computational power market.

SONM has a hybrid architecture, and therefore supports any kind of computational task without facing Ethereum’s “out of gas” problem.

From a technical point of view, SONM is a top layer of underlying P2P technologies – BTSync for data transfer, Cocaine open source PaaS technology as a decentralized computing platform, and Ethereum Smart Contracts as a consensus system.

There is no central control behind the system and no backdoors or escape hatches. Several existing technologies were combined and modified by our developers to make new SOSNA technology.

Almost every online service needs computational power for their product, including websites, online shops, MMORPGs, companies using large databases, and apps. Everyone in the world using the internet for business will have an option to use SONM’s tokens in order to solve their computing power issues. Moreover, all internet users will be able to use SONM to receive passive income by providing their computational resources for rent.

This disruptive migration from centralized cloud computing to decentralized fog computing will not happen quickly: it will be a long transition, but the results will be positive. SONM token price calculations show decent ROI for the project’s early adopters.

SONM token price is supported by stable market demand for computing power and ability to provide more competitive prices than traditional cloud computing services. SONM token holders earn a percentage from transactions and operations fees (buy-sell-develop). It is a direct analogue of holding shares and receiving dividends from operational profit.