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. 

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.