Initial Coin Offering Analyis

As part of my contribution to the Crypto-Hungry STEEMIT community, I am posting original research into upcoming & open ICO's which have an interesting angle, may successfully meet a unique challenge, have a big disruptive potential and which I evaluate as having good or excellent ROI potential for ground floor investors (ICO stage/ early adopters). I would always encourage potential investors to conduct their own research, use their intuition and evaluate a project's merits themselves before investing in a currency or ICO.

SONM

ICO just opened for this FOG computing network.

The basic principle is that everyone (big corps included) need massive amounts of computing power to run their businesses and renting computation via cloud based services has become big business. SONM aims to disrupt the highly centralised model with a Blockchain network whereby anyone with PC, games console or even Android phone can add their redundant processing to a de-centralised and distributed FOG computing network.

Tokens

SONM tokens will be used to rent space in the FOG to carry out any number of computational tasks so is in a similar vein and will perhaps be in direct competition with Gridcoin & Golem, although the white paper makes it quite clear you don't have to be looking for a cure for malaria or mapping the universe to use SONM. The internet of things ensures that there is a voracious and growing demand for network computing.

ROI Potential ?

I calculate SONM having a medium to high probability of being a good medium to long term investment.

Scheme of the Network

Selected Extracts From SONM WHITE PAPER (with additional headings by Outerground)

Almost every online service needs computational power for their product, including websites, online shops, MMORPGs, companies using large databases, and apps. Everyone in the world using the internet for business will have an option to use SONM’s tokens in order to solve their computing power issues.

Passive Income

Moreover, all internet users will be able to use SONM to receive passive income by providing their computational resources for rent. This disruptive migration from centralized cloud computing to decentralized fog computing will not happen quickly, it will be a long transition, but the results will be positive. SONM token price calculations show decent ROI for the project’s early adopters.

Token Support

SONM token price is supported by stable market demand for computing power and ability to provide more competitive prices than traditional cloud computing services. SONM token holders earn a percentage from transactions and operations fees (buy sell-develop). It is a direct analogue of holding shares and receiving dividends from operational profit. If you are a miner or computational power owner, SONM is a great resource of using your equipment for calculations and processing real tasks.

A New Approach

SONM fog computing platform is a fresh start for solo mining. There are lots of miners with GPU mining farms that have become useless due to the increased Proof-of-work mining difficulty (even for altcoins). In recent years, being a part of a mining pool has been the only way to guarantee profit from mining. But even in the process, this profit is so small that it often does not cover the cost of electricity spent for PoW mining.

Cost-efficiency for the end-clients

Using the SONM platform will provide beneficial conditions due to a few important factors:

• Lowering the bandwidth costs
• Willingness of miners to use their hardware
• The market will be saturated with new sellers of computational power, which will facilitate a drop in prices
• The lack of centralized servers which require additional infrastructure

https://ico.sonm.io/