Topic: [ANN] SONM • Decentralized Fog Computing - page 193. (Read 444821 times)

Anything more than 2 BTC would require to go for enhanced verification on Binance.2 BTC per day looks to be sufficient for now,compared to BTC price as of today:)

To SONM

I like your big picture. Having this vision in mind, I think it comes with consequences. You need to develop, grow and innovate at a relatively high speed since today’s investors expect wonders and Blockchain-Industry forming process strongly gains momentum.

Actually you only can sell the vision. However with your first product you set the way.

SONM-project needs to be recognized by as much people as possible. You have to take advantage out of todays Bitcoin hype. Explain non-tech guys that SONM has the right to exist. That SONM is 3rd generation Blockchain technology that offers a good alternative to other projects inkl. Bitcoin. In my opinion even simple but still informative hand drawn cartoons are beneficial to gain interest and to fulfil crypto-investor needs. 

In my view SONM consists of two parts that you have to combine, build and sell well. Currency (Store of value/SNM) and Computation (Data processing, storage, smart Network).
- Currency: SNM is a store of value like BTC. But since you are 3rd generation Blockchain technology, you offer more. Improvements in functionality and security …. (private home side-chain, specific multi-sig.).
- Computation market is easy to see since computation will power the future. (And theoretically most other Blockchain-projects could run on SONM-Network since they depend on computation. SONM could even dynamically control them to increase their performance depending on their actual usage.) 

One potential purpose of SONM is/could be to uncover most sustainable resource with highest intrinsic value for society. If your system could even increase “Knowledge-Mining” efficiency over time because it is, a smart, resource efficient network would be fantastic. (I like the term “Knowledge-Mining”. May be you use/protect this term).

Most computational power will be used by big companies, institutions and governments. Therefor SONM has to be an expert-system which fits to their requirements and legislation. On the other hand the same expert system has to be so easy that even my grandmother is able to handle it and to get some benefit out of it, by providing/receiving power respectively SNM. Digital support systems (Bot) could be nice since I believe that could be standard soon and people don’t want to spend time but still part.

Lokation: I clearly understand your today’s points but it could be a limiting factor at some point. My view: You need high MarketCap to get recognized and to hold step with the speed. Since investment money in crypto space is highly mobile location plays a role. In some ore the other way you need have another location too. Take advantage out of this fact.

You can also withdraw big amounts easily from Binance. Very nice exchange, at least for now.

price also wil up .

it looks like sonm will  like any other altcoin, prepare for the price down 

Binance or liqui or kucoin, I prefer binance because the volume is very high so you can buy and sell big amounts

Whats the best way to buy some SONM?

Was that way not "a share of the network usage fees" rather than "revenue sharing in the form of dividends"?

I'd prefer just not listing on Bittrex though. Can't withdraw any reasonable amount of money without KYC on there anyways. In a few years exchanges like that will lose volume and perhaps even die.

Actually SONM november monthly report looks quite promising. Hope the team can deliver on its promising especially regarding dates of features implementation going forward. If so investors have to be rewarded for their patience.

WOw, it seems to be the reason why the price pumps a lot recently, I think kucoin is a reliable exchange and we can see there are big trading volume there, I do not know if it will go to moon soon or not, I just choose to keep my tokens until there are some practical products from the dev team.

i think telegram is best way to contact the team, or tag the team in here, hope you can solve your problem soon because in here they active too.

I think the lead Dev clarified in a video not long ago that they are not technically dividends and that he had a way to prove that to Bittrex to be able to get listed there and on other US based exchanges.

The coins have been distributed long ago. You should try contacting them again, perhaps on Telegram if you really haven't received yours and can prove it.

Someone can tell me if the coins were already distributed, since I could never claim mine, and I sent emails to the snom team and I never received an answer.

first of all, Thanks

No I'm not. SONM was originally a utility token that was going to pay dividends (on top of being used to fuel the platform's ecosystem). I don't know if this has changed due to SEC bullshit though.

You're mistaking tokens for shares, but in essence you're right. If more companies are buying the tokens to use the network, the price per token will need to go up drastically since they can't create new tokens. The ultimate value estimate can be made as soon as the first company joins the network. If they need to pay a lot to maintain part of the network, the tokens will automatically get pumped into the high tens quickly. I''m definitely willing to keep a decent amount of my bag if prices will reach 100$ in 10 years

Uh, I haven't read anything about buy and burn for SONM. But that would have similar effects. I would much prefer dividends though, fucking SEC needs to mind its own business and crypto tokens should just make use of decentralized exchanges and not even bother listing on ones that suck the SEC off to stay afloat. Hopefully the future will tilt towards DEXes and dividend paying tokens.

$100 each token is worth harvesting, $1800 is more than enough. I thought the revenue sharing for the holders are already cancelled and they turned to burning tokens, did they? I believe I've already read this info here. I only have few of these but if the price reaches up to a hundred each, many of those who dumped their tokens are going to watch the chart crying their hearts out.

It's still early to invest in fog computing on a blockchain which is SONM. That's a use case that is highly in demand in the IT world.

The cost is irrelevant due to the divisibility. If the market capitalization goes up the price of mining as measured in SONM tokens will simply go down. And the market cap will go up with an increase in adoption.

Furthermore, there's the utility aspect of the SONM token. Since token holders will actually get paid a share of the revenue of the platform, the value of the token will go up to whatever the company is currently worth. And if SONM becomes a major tech player it will be worth tens to hundreds of billions of USD, which will result in the aforementioned $100 to $1800 USD token price.

Granted that's a ten-year long journey, but it's bound to happen if SONM establishes its full vision.