SONM is a decentralized fog computing project. What's interesting about this particular platform though, is that any device regardless of their computing power can join the network and earn tokens. This even includes mobile phones, which could be attractive to many people looking to put resources into a SONM investment.
This crypto project aims to net miners of other cryptocurrencies who may have dormant computer resources. They hope to build their network into a powerful fog computing behemoth by using lesser utilized components of powerful rigs such as CPUs.
While there are numerous competing blockchain projects in the cloud computing sector, SNM does have an interesting approach. By utilizing fog instead of cloud services they can offer their customers a much more efficient and faster experience. This processing power can be used for any purpose ranging from rendering, streaming, AI learning, game servers, dapps, web hosting and more.
These tasks will also allow a greater number of machines to "mine" as such participation in the SNM ecosystem and the blockchain community as a whole has the power to increase, further decentralizing their proposed network.
The number of exchanges where investors can buy SONM is extensive. There's a good mix of popular and more off beat options which will give investors varying levels of privacy as some do not require any verification. The most viable trading pair here is Bitcoin, but there are additional suitable options such as Ethereum and US Dollar Tether should you desire to use them.
As this is an ERC20 asset, investors will need to utilize a compatible Ethereum wallet to store their tokens in. There's a ton of great options for this, but some popular options include My Ether Wallet, Coinomi for Android and iOS, Ledger's hardware wallet option and Meta Mask for browsers. Make sure that you always back up your wallet to protect your asset in the event of loss, theft or failure of the device that stores your wallet.