Sonm (cryptocurrency)

Sonm is blockchain software development company offering a decentralized fog computing platform that was founded in 2017 by Aleksei Antonov and Sergei Ponomarev. The Sonm (Supercomputer Organized by Network Mining) platform is built on top of Ethereum using ETH smart contracts, and is a standard ERC20 token represented by the cryptocurrency symbol SNM. The Sonm platform allows users to share the idle computing power of their hardware such as servers, desktop computers, and laptops.

Sonm offers an online marketplace for trading computing power using its own SMN cryptocurrency. The Somn network provides the infrastructure required to run decentralized applications and host blockchain based services. According to the company's website, the Somn platform works well to provide the infrastructure for running Golem, iExec, SIA, and Elastic.

Somn has partnership agreement with the following companies: POSTKINO FX, Teleport, SHOTTY, Ashmanov Neural Networks, Hacken, Dbrain, The OpenFog Consortium, Cloud28, Aion, and STORJ.

Funding

Initial coin offering (ICO)

On June 19, 2017 Sonm finished their initial coin offering (ICO) selling approximately $42 million worth of SNM. The ICO was held on the HitBTC and EtherDelta trading platforms and had 8,774 participants.