Exchange SONM (SNM)
If you're looking to swap SONM, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is SONM or some fresh information about SNM’s price movements. And, of course, we provide you with the multiple SONM exchange options so that you can choose the offer with the best rates and lowest SONM fees, as well as other parameters that suit you.
SONM Price Stats
To help you make a decision about exchanging your SONM, we gathered some cold hard numbers: SONM price chart and other stats, such as SONM market cap.
24H HIGH $1.12793503
SNM MARKET CAP $48,775,105.848
CIRCULATING SUPPLY 44,400,000 SNM
24H LOW $1.00527186
SNM PRICE $1.09853842
24H VOLUME $1,327,518.867
SONM Price Chart
Here you can see the current price of SONM, as well as SONM price history.
What is SONM?
SONM is an innovative system that is building a worldwide network of computing services that run more cost-efficient solutions than regular cloud services. With their fog computing structure, they have managed to store large amounts of data in smaller, more decentralized data centers that would otherwise act as a bridge between devices and cloud storage. Users of the SONM system have now access to general-purpose computing services while hosts can contribute their computing power to the system, as it is the project’s mission to create the first global decentralized marketplace of computing power. By operating in a similar way as a supercomputer would, the Russian platform is trying to create value for customers and suppliers of computing services, as they believe there is an underutilized resource in everyone’s computers that could be of service to someone else in the world. This creates a favorable scenario for scalability, cost reduction, geographical distribution, and open infrastructure that has the potential to create a global pool of computational capacity. In times where the environmental sustainability of the mining market is questioned in the mainstream, SONM has come up with an efficient solution that is trying to act as a buffer to spread computing power across the different mining centers of the world. For suppliers, the project offers rewards with their native token ($SNM) in exchange for the peer-to-peer rental service of computing capacity to begin with. However, the advantages go way beyond what meets the eye, as the SONM market-making service has created a marketplace that acts as an automated mining task selector, which helps suppliers have their outrented hardware moved to a more profitable mining protocol. This means that, for instance, users supplying hardware for Ethereum mining can switch to another cryptocurrency mining when the price of the second one becomes more profitable than the first. By doing so, the project guarantees that suppliers get a consistent source of income with the possibility to rent out computing capacity for cloud services, helping compensate for the times where mining revenues are only making enough money to cover the electricity costs.
A Simple Way To Exchange SONM Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 2150 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: email@example.com.