SONM Coin is an internal currency in the Sony computing power market. With SNM, users can access resources provided by Sonm. Sonm provides cloud services based on distributed client-level hardware, including computers, mining equipment, and servers. Users can rent out their hardware or use someone else’s computing power for their needs.
The main idea of Fog computing is the use of a decentralized network composed of various individual computing devices instead of a single data center structure.
What is SONM (SNM)?
SONM (SNM) offers a platform for real-world applications and global computations that can complete numerous tasks from CGI rendering to scientific calculations and even gaming. It aims to be a global decentralized market connecting suppliers who want to share the idle computing power of hardware like servers, desktops, and laptops with users who want to rent this power for their projects.
According to the platform’s descriptions, SONM has 5 main missions:
- Creating a global market for computing power. For this, the platform aims to be open-source and ownership-free, as well as cheaper than central cloud providers.
- SONM aims to provide both individuals and businesses the opportunity to use decentralized computing resources in the amount they need for the first time in history.
- The goal is to enable individual hardware owners to profit from renting their computing resources.
- Among SONM’s missions is to create a viable alternative to the cloud computing giants currently used worldwide.
- Ensuring the full utilization of the platform to create a platform for new types of applications.
In addition, the infrastructure provided by Sonm allows for hosting decentralized applications or blockchain-based services that require computing resources to operate. For example, projects like Golem, iExec, SIA, and Elastic are among the well-known ones.
Moreover, users can achieve the best performance from GPUs in the Sonm network at a lower price. The Sonm infrastructure includes thousands of devices worldwide, such as PCs, servers, data centers, and mining equipment, providing unlimited access to CPUs and GPUs, ideal for CGI processing.
SNM Coin Review
SNM Coin is becoming popular as a cryptocurrency that progresses with solid steps and serves a different purpose than others. It is observed that investors include the token in their investment baskets, especially due to the developments in SONM (SNM).
In addition, although the price of SNM coin is also volatile, it attracts attention for being relatively less volatile compared to other cryptocurrencies. To better assess SONM coin reviews, it is beneficial to look at current and historical figures.
As of the time this article was prepared for publication, SONM coin was trading at 0.0098 dollars, with a market value of 3,539,235 USD according to CoinMarketCap, ranking 826th. In addition, there are currently 359,600,000 SNM coins in circulation, with a maximum of 444,000,000 SNM expected.
On the other hand, it should be noted that SONM (SNM) hit its lowest at 0.0037 dollars on March 13, 2020, and its record high of 1.02 dollars on June 17, 2017.
How to Buy SONM Coin?
SONM (SNM) can be quickly and easily purchased through Binance, the world’s largest cryptocurrency exchange by trading volume. It is worth mentioning that SONM Coin was listed on Binance on September 27, 2017, and is currently available to users in the SNM/BTC and SNM/ETH trading pairs.