11/29/2022, 6:07:55 PM

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SONM can be traded using Coinbase Wallet, your key to the world of crypto.


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SONM price is unchanged in the past week.

The current price is $0.14982 per SNM. The new price represents a new all time high of $0.14982.


What Is SONM (SNM)?

SONM (SNM) is a powerful distributed global system for general-purpose computing, executed as a fog computing structure. SONM claims to be a feasible substitute for cloud services and solutions because of the fog computing system. Consumers of computing power in the platform get more cost-efficient resolutions than in cloud services. SONM aims to deliver computing power in numerous generalized cases and general computing suitable for a broad span of consumers. The platform also aims to deliver a computing forum for real-world applications: global computations systematized using SONM can complete multiple tasks. Several applications are launched either without changes or with the tiniest improvements.

SONM operates on a dedicated blockchain for inner decentralized algorithms. The SONM blockchain seeks to be quicker than other blockchains as it allocates a block per 2–3 seconds. Moreover, it has no costs for gas, incentivizing micropayments, and other small resource allotment contracts. SONM blockchain is built on Ethereum technologies. It aims to be a different Ethereum network with a distinctive genesis block and fixed mining nodes that allow custom distributed denial-of-service (DDoS) security. Decentralized features of the SONM platform are listed on the SONM blockchain as Ethereum smart contracts. For instance, a smart contract is accountable for order processing, payments, and deal processing.

The SNM token is native to the platform and is an internal currency on the SONM computing power marketplace. With the SNM token, traders can access the resources provided by the SONM platform. In the self-supporting marketplace of SONM, traders can trade computing powers utilizing SNM.

History of SONM (SNM)

The SONM platform introduced storage in the third quarter of 2018 and network quotas. These features permit storage and network usage to be specified for customer-created assignments on the Worker. During the same time, the platform launched a ticketing system and Telegram bot to boost technical support.

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What is the current price of SONM?

The price of 1 SONM currently costs $0.15.

What other assets are similar to SONM?

Assets that have a similar market cap to SONM include Ethereum 2, Ethereum, Tether, and many others. To see a full list, see our comparable market cap assets.