What is SONM (BEP-20)?
SONM (BEP-20) token is a BNB-based version of the SNM token, which is the native asset of the SONM platform. Originally, SNM tokens are based on the ERC-20 token standard.
SONM is a robust decentralized global computing system developed as a fog computing framework. SONM offers cloud services based on disparate customer-level hardware-like servers, PCs, and mining equipment. Depending on their demands, users can either rent out their hardware or use someone else's computer resources.
Thus, fog computing essentially means that the decentralized network of the SONM (BEP-20) crypto project is built from disparate individual computing services, rather than one data center. Due to the use of this framework, SONM is a potential alternative to cloud products and services. Besides, SONM computing power users receive more cost-effective alternatives than cloud services.
Overall, SONM is creating an all-encompassing IT infrastructure that can run CGI rendering operations, neural network training algorithms, host websites, and so on. So far, the project has developed an infrastructure for blockchain applications, a pool of GPU machines, unlimited resources for GPU rendering, as well as the means for CDN and video streaming.
Use Cases of SNM (BEP-20)
The SNM coin is an internal asset used exclusively as a currency within the computing power marketplace. SONM's self-sustaining marketplace allows merchants to exchange computing power using SONM (BEP-20) coins. Thus, any user who contributes their processing power to SONM, receives SNM coins in exchange when others rent out their processing power. This can become quite profitable as the SONM (BEP-20) price could go up in the future.
Besides that, traders can use SONM (BEP-20) tokens to gain access to the SONM network's resources and services.
Those who plan on buying the token should check the most recent SONM (BEP-20) price movements to make an informed decision. You can view the latest SNM price, circulation, and supply on the above charts.
Who Founded SONM (BEP-20)?
Aleksei Antonov and Sergei Ponomarev founded the SONM crypto project in 2017. Antonov is a Bitcoin and blockchain expert who also serves as the CIO of Algalon Capital. In addition to a degree in computer science, Antonov is a speaker and published author on different topics in the realm of the crypto economy and blockchain. Ponomarev is the young co-founder of SONM, specializing in smart contract development and programming with JavaScript and Solidity.
Tokenomics of SNM
There is no max supply set for SNM tokens. However, you can see the total supply, circulation, trading volume, and also the latest SNM price changes in the charts above.
