SONM

What is SNM and how Does It Work?

SONM stands for Supercomputer Organized by Network Mining, and is symbolized by the SNM token. It encompasses an administered framework for decentralized fog computing. This gives you accessibility to general-purpose computing services including Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS). The concept of its operation is based on hosts globally contributing compute power to the SONM marketplace. Founders Sergey Ponomarev and Igor Lebedev use an agile technique for development implemented by a self-organizing cross-functional team, which integrates myriad development units like lead developers, Product & Analytics, and Quality Assurance (QA) teams. Among the central offerings of SONM are products like Node (Core), Smart Contracts, Client Wallet, and Distributed Entity Integration, which are delineated and steered by the market requirements as discerned by the Product Management Board.

An inherent part of SONM's strategy is to investigate the resource rental market for a comprehensive understanding of trader requirements and to provide appropriate scalability and hardware resources support. Using SONM allows resource allocation for fog computing based on specific requirements. Locking in resources and expanding applications is done with a regard for high market fluidity. Notable addition to the SONM Advisory Board is Paolo Tasca, a prominent digital economist and blockchain expert, who also serves as the Executive Director of the Centre for Blockchain Technologies at University College London.

The Vision and Mission Behind SNM

SNM is an ERC20 token that has a functional role within the SONM project. It acts as the internal token for the SONM marketplace, facilitating resources exchange. Developed on the Ethereum network, SNM can be utilized to handle agreements among participants using smart contracts. The token also enables users to access the features and services offered by the platform. Furthermore, those possessing SNM have the opportunity to engage in the governance of the SONM network, which can influence its decisions and direction. While the focus of the project is primarily on distributed computing, the utility of the token extends beyond just resource transactions, allowing for diverse applications within the SONM ecosystem.

How to Buy and Store SNM?

To purchase SNM, Flooz.xyz offers a streamlined process. Flooz.xyz is a one-stop solution to buy this token, using a smooth checkout, without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless SNM transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This also ensures that you have access over your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz.

SNM Metrics:

• Current price: $14.4109

• Market cap: $639.84 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $0