Topic: [ANN] SONM • Decentralized Fog Computing - page 7. (Read 444954 times)

Well, people or rather the token holders here are enthusiastic about taking control of the project. I'm glad of this direction but a major issue is still the funding. Where in the hell will SONM DAO get funding for further development? Pro bono development?

SONM price growth is probably connected to SONM transformation into DAO, so that community can support and manage the project.

You can find SONM DAO creation roadmap here:
https://link.medium.com/XAsnDEIZi0

and you can find rinkeby SONM test DAO participation here:
https://link.medium.com/lawLQYKZi0

So the ultimate the person who is going to lose money are the people who participated when the price of SNM is at a high price. Really very bad to know that, really they have collected a very huge amount of funds during their crowd sales, how they will hide without any developments.

Simple, Manipulation. There's huge amount of SONM parked in Binance exchange and now with recent announcement of development being halted there's risk of SNM getting delisted. So it might be Whales/SONM team pumping and then dumping their bags. If anyone has a better explanation, Please go ahead!

According to you, there is no positive news released from the team then how the price of SNM increase more than 150% in one day. In the current fluctuations, how can a coin price increase very quickly to that much higher value?

where you get this this news that admin left the project without any developments. can you provide the source of this news.
if you get this news on telegram group then it could be fudding by some people.
in last 24H sonm rise about 69% according to coinmarketcap. if negetive news comes then why this is going up in one day?

It has nothing to do with creating a DAO. I said several times last week that this pump will happen (TG). Why!?
There privious strategy did not work and so they begun a new ,private, business model. Trading SNM. They bought everything they got after there initiated exit scam news. Now they do control there market (token dominance) and news control (they decide about good and bad news). They dont care about there community, only there money.

Project is still death. SCAM just goes on atm. But all eyes from regulation forces are on them.
Send russian diplomats in your contry a mail and inform them about SONM. You will see they are verry friendly and helpfull.

People who don't have faith in this coin will not touch at the pumping stage. I don't know what was the exact news released by the team because we are seeing much negative news from the community that the admin has left the project without any developments.

Founder of SONM exit with fund of ICO and most probably they are doing exit pump to rip off to the last bitcoin of hopeless SNM token holders.

SONM is on fire @ Binance. Does anyobody know what happened?

Good for you! Be sure to jump off the ship at the right time otherwise you'll regret it. I wouldn't touch this shit, There are plenty of other coins I'll ponder to buy.

well i have just made a crap load of cash out of this coin in a matter of a week.

I wouldn't recommend buying this shit. They've finished the development and now don't have money? Spent 42 million in 2 years, That's a lie, SONM team used ICO funds for personal projects/company. Now without any money or marketing this shit is dead, Binance and other exchange will likely delist SNM for this behavior.

You obviously don't know what fog computing is. FYI, Cisco coined the term which means extending cloud computing services closer to an enterprise's network. It is a trending but still nascent movement in enterprises because it is more efficient.

Sonm has successfully implemented the fog computing platform and has reached the readiness of basic infrastructure, which is operating for a year so far. Further development and operations assume creating a decentralized autonomous organization (DAO), which will make decisions regarding both development priorities and funding form and volumes.
read more here https://sonm.com/blog/sonm-status-announcement-english

Latest Sonm news:

"From what we know Sonm is being used by at least:

Rays startup
CraftML startup  "

Rays is Sonm team ,making a private company with SNM ICO funds and generating 31$ from fiat payments ( one week ago) since the start .
CraftML startup is :
https://www.instagram.com/gods_dew/

Also they somehow claim that it is not 42mln $ but something else.
At ICO all projects put some number as a goal.Some put 2 mln $ some have put 400mln $.
Sonm at summer of 2017 put a number and goal of 42mln$.
After the ICO ended they succesufully announced that they have reached their goal for collecting 42mln$.
You may check how many tens of thousands of ETH they collected.
It is not anyone problem but the team that they didnt convert those ETH into fiat for funding the project.
They keep saying that they have delivered but where are the clients for what they have delivered?
Their clients are RAYS and CraftML .The second being completely unknown and as i suppose some friend of a team sonm team member.
Check the instagram above to see who is gonna mass use the Sonm marketplace.
Now they are asking for second round of funding to continue to work for the greater good and there are still people that believe them.
The former CEO Igor lebedev now the proud owner of RAYS keep saying that all the ICO participant were not investors but DONATORS.
Thats official from telegram rooms.
If i may kindly ask.Where in this thread or sonm website,or SONM ICO campaign or original WP there is a single mention of donations and donators?

They took 42mln $, they dumped 19% of the tokens on your heads, they did insider trading and controlled the market of their own token, now they will
ask for more money .

BTW if you were wondering why they didnt wanted to put SONM next to RAYS and mention anywhere that they are connected now i think you get it.
Another thing i find really odd and kinda strange is  that the timing of the announcement that SONM stops developments and has no more team comes right
after the moment team has spent all the 19% of the tokens they controlled ( except 2 mln maybe ? ).

Not a scam from what I've read so far. Most likely financial mismanagement and the usual crypto suit cock-up. Getting harder to actually know what horse to back these days considering the fact that most of these startups don't seem to care about treasury management and hiring competent account managers until it all goes belly up

this coin is a scam? 

Man! some user on telegram said that you confessed to him via private message that you are now cooperating with SONM team because you like DAO idea and even you are bag holding SNM token, Obviously they want to push DAO idea through your name.

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DAO solution to save SONM project
Same team responsible for ICO fund scam exit.
Same team sank SNM token value to few satoshi by dumping millions of token on binance.
Same team still promising everyone that DAO will make SNM token more valuable and ofcourse without any budget to develop the project
and some clowns (with all my respect to investors who lost money in SNM) on telegram channel expecting different results

He is obviously joking. He was the first to expose SONM.