[ANN] SONM • Decentralized Fog Computing

[Zechis966]

What principal problems has this project with bittrex?
Usually this exchange lists such large ICO very fast after tokens becoming tradable.

I'd like them to fully address this as well.

They claim it's because bonuses weren't finished (despite fools like Almeida who can't understand math) and now they allegedly are.

I just see both points for the fudders and shills...and for all of us in the middle I think we'll be paid finely for our patience.

It seems like the fudders are reaching for straws, but it's still noteworthy how low the price has dropped relative to many other ICO tokens when btc was hit. It seems like people would rather guarantee a small lost sum, rather than risk it by hodling.

I really think the key argument to debunk the fuds like Almeida, is why would the team 'run away' with the funding?...

Lets say they ARE scammers...why would they run away with $42m and X SONM at 45% ICO price...when they could get the project even remotely legit (from a scam/victim perspective) and have all those tokens be worth bank before dumping and running away?

I just don't see why people call any successful ICO a scam when there are A) so many opportunities to steal that money with less work, from dumber people if that's their game, and B) what I said about them being EVEN SLIGHTLY LEGIT and having that skyrocket their own SONM holdings.

[alicea]

What principal problems has this project with bittrex?
Usually this exchange lists such large ICO very fast after tokens becoming tradable.

Probably BITTREX wants SONM developers to pay for getting listed in their exchange. I seriously thought that bittrex will be the first to add SONM dunno why they are not adding it.

[stoniestfool]

They must pay bittrex 3 btc coin to be considered for listing on bittrex.. The 3 btc fee does not guarantee listing.

The devs at somn received their shares. Sold it when the price was high. Multiplying their profit immensely. Since most ico participants had not received their share at this time the supply was limited. So now they are buying back somn at pennies on the dollar and fulfilling their ico payments. They received 10% upfront and 10% in 12 months. So that is 4.2 mil upfront at 10 cents. They sold close to 1 usd. So they made 42 mil on their 10%. They probably sold another 10% of ico participants shares above 50 cents. So that is another 21 mil plus. Now they are buying shares for 5 cents to fulfill ico payouts.Out of the 21 mil that ico participants should have made they only have to spend 2.1 mil to complete the ico payouts.
That was their scam and why they made more than just walking away with the 42 mil. They probably own over 25% of total shares now. So will this shitty project continue. Sure. Did the totally screw ico participants? SURE DID. Are they low life scum. YUP.

[franc0]

They must pay bittrex 3 btc coin to be considered for listing on bittrex.. The 3 btc fee does not guarantee listing.

The devs at somn received their shares. Sold it when the price was high. Multiplying their profit immensely. Since most ico participants had not received their share at this time the supply was limited. So now they are buying back somn at pennies on the dollar and fulfilling their ico payments. They received 10% upfront and 10% in 12 months. So that is 4.2 mil upfront at 10 cents. They sold close to 1 usd. So they made 42 mil on their 10%. They probably sold another 10% of ico participants shares above 50 cents. So that is another 21 mil plus. Now they are buying shares for 5 cents to fulfill ico payouts.Out of the 21 mil that ico participants should have made they only have to spend 2.1 mil to complete the ico payouts.
That was their scam and why they made more than just walking away with the 42 mil. They probably own over 25% of total shares now. So will this shitty project continue. Sure. Did the totally screw ico participants? SURE DID. Are they low life scum. YUP.

And you know all this for sure just because the price dropped to 5 cents?

[5628398]

i don't trust Russia team anymore after this project !!
this project should be very great project ,but i don't know if it still yes or no

[stoniestfool]

They must pay bittrex 3 btc coin to be considered for listing on bittrex.. The 3 btc fee does not guarantee listing.

The devs at somn received their shares. Sold it when the price was high. Multiplying their profit immensely. Since most ico participants had not received their share at this time the supply was limited. So now they are buying back somn at pennies on the dollar and fulfilling their ico payments. They received 10% upfront and 10% in 12 months. So that is 4.2 mil upfront at 10 cents. They sold close to 1 usd. So they made 42 mil on their 10%. They probably sold another 10% of ico participants shares above 50 cents. So that is another 21 mil plus. Now they are buying shares for 5 cents to fulfill ico payouts.Out of the 21 mil that ico participants should have made they only have to spend 2.1 mil to complete the ico payouts.
That was their scam and why they made more than just walking away with the 42 mil. They probably own over 25% of total shares now. So will this shitty project continue. Sure. Did the totally screw ico participants? SURE DID. Are they low life scum. YUP.

And you know all this for sure just because the price dropped to 5 cents?

No it is not just because the price dropped to 5 cents. Research, common sense and logic. BTW I never participated in the ico nor do I have any interest in purchasing this shitcoin. I did the research to help all those that got totally screwed.
I was considering purchasing at 5 cents until I research the level of the incompetents of SOMN.

[andreibi]

LOL this thread. This reminds me of Antshares when it was around 9,000 satoshis back in January. People complaining of several stuff and scam accusations. So sheeps should dump it now.

SONM was conceived two years before the ICO, the devs will only concede defeat if their idea fails. These tests are a good sign we're progressing to knowing if fog computing works on a blockchain.

[franc0]

0 communication from TEAM to investors. TENX have Q&A in facebook live and direct communication with their investors. Their priority was to get listed in bittrex and tomorrow they will get listes and ico of TENX was much later than SONM. Thanks Sonm TEAM for being so reliable with your investors and don't care a crap.


I'm not creating FUD, i'm a investors who is angry about why they are not moving to get listed or have any direct communication with investors.

[andreibi]

0 communication from TEAM to investors. TENX have Q&A in facebook live and direct communication with their investors. Their priority was to get listed in bittrex and tomorrow they will get listes and ico of TENX was much later than SONM. Thanks Sonm TEAM for being so reliable with your investors and don't care a crap.


I'm not creating FUD, i'm a investors who is angry about why they are not moving to get listed or have any direct communication with investors.

Dump it.  

Be like these guys at Antshares. They dumped early and missed the run up from 10k sats to 500k sats - a whopping 50x. They are probably crying until now.

I can't make this mistake again, the price is now 13KKsat, the developers seems unconcerned with this free fall in price. so many uncertainties surrounding this project and the developer decided to keep quite.

Only 12 days to chinese new year
So where the hell is nees and partner ?
Clearly it is a scam.
Volume is losing on chinese ex

Yes, most likely this coin was SCAM there is no information from team and everything works very badly.

Also we see that very few Chinese exchanges added this coin on exchanges. Chinese know more us and they probably consider this SCAM also.

It is not FUD. I only say what I see.
Besides it trades for 50% below of ICO of the price now.

[vuvanle120]

They must pay bittrex 3 btc coin to be considered for listing on bittrex.. The 3 btc fee does not guarantee listing.

The devs at somn received their shares. Sold it when the price was high. Multiplying their profit immensely. Since most ico participants had not received their share at this time the supply was limited. So now they are buying back somn at pennies on the dollar and fulfilling their ico payments. They received 10% upfront and 10% in 12 months. So that is 4.2 mil upfront at 10 cents. They sold close to 1 usd. So they made 42 mil on their 10%. They probably sold another 10% of ico participants shares above 50 cents. So that is another 21 mil plus. Now they are buying shares for 5 cents to fulfill ico payouts.Out of the 21 mil that ico participants should have made they only have to spend 2.1 mil to complete the ico payouts.
That was their scam and why they made more than just walking away with the 42 mil. They probably own over 25% of total shares now. So will this shitty project continue. Sure. Did the totally screw ico participants? SURE DID. Are they low life scum. YUP.

And you know all this for sure just because the price dropped to 5 cents?

No it is not just because the price dropped to 5 cents. Research, common sense and logic. BTW I never participated in the ico nor do I have any interest in purchasing this shitcoin. I did the research to help all those that got totally screwed.
I was considering purchasing at 5 cents until I research the level of the incompetents of SOMN.

Can you share your resources please? ETH has been dropping like crazy too. Your logic does not add up. IF their shares increase they would make more even they hold less shares.

[mitchr4]

Dump in the long term would occur on this coin. I hope the team can solve this issue. The investor must hold their coin for the price back to normal or selling them directly at low price to avoid a very big dump later.

[Jeffrey_memb]

0 communication from TEAM to investors. TENX have Q&A in facebook live and direct communication with their investors. Their priority was to get listed in bittrex and tomorrow they will get listes and ico of TENX was much later than SONM. Thanks Sonm TEAM for being so reliable with your investors and don't care a crap.


I'm not creating FUD, i'm a investors who is angry about why they are not moving to get listed or have any direct communication with investors.

LOL no communication from Dev team. Wyh they should?
If you invested in AMAZON for example you think they will communicate to investers weekly?
Maybe each quartal or each year but not like you wanted.

Now FUD and in six months here will be big euphoric and shills.

[amintek15]

They must pay bittrex 3 btc coin to be considered for listing on bittrex.. The 3 btc fee does not guarantee listing.

The devs at somn received their shares. Sold it when the price was high. Multiplying their profit immensely. Since most ico participants had not received their share at this time the supply was limited. So now they are buying back somn at pennies on the dollar and fulfilling their ico payments. They received 10% upfront and 10% in 12 months. So that is 4.2 mil upfront at 10 cents. They sold close to 1 usd. So they made 42 mil on their 10%. They probably sold another 10% of ico participants shares above 50 cents. So that is another 21 mil plus. Now they are buying shares for 5 cents to fulfill ico payouts.Out of the 21 mil that ico participants should have made they only have to spend 2.1 mil to complete the ico payouts.
That was their scam and why they made more than just walking away with the 42 mil. They probably own over 25% of total shares now. So will this shitty project continue. Sure. Did the totally screw ico participants? SURE DID. Are they low life scum. YUP.

And you know all this for sure just because the price dropped to 5 cents?

No it is not just because the price dropped to 5 cents. Research, common sense and logic. BTW I never participated in the ico nor do I have any interest in purchasing this shitcoin. I did the research to help all those that got totally screwed.
I was considering purchasing at 5 cents until I research the level of the incompetents of SOMN.

Can you share your resources please? ETH has been dropping like crazy too. Your logic does not add up. IF their shares increase they would make more even they hold less shares.

how do you can even imagine to dump something on liqui ?? their volume is close to 0 !
Last time I will respond to this scam accusations: getting money in crypto is verry easy now, but don't think you will get millionaire 2weeks after ICO..

[R.R. Toulkens]

Last time I will respond to this scam accusations: getting money in crypto is verry easy now, but don't think you will get millionaire 2weeks after ICO..

No, you just got poor 2 weeks after this ico .

Where those Sonm of Bits fog computed your money to? A mist of addresses hehe

[LIghtvelocityCoin]

i don't trust Russia team anymore after this project !!
this project should be very great project ,but i don't know if it still yes or no

Failure. Never trust them again.

[stoniestfool]

Can you share your resources please? ETH has been dropping like crazy too. Your logic does not add up. IF their shares increase they would make more even they hold less shares.
[/quote]
First what the hell does eth have todo with anything?

Now I am sorry for you if you can not understand. I spelled it out for you with the math. The only way they would have made 63 mil off their 10% is if the price went higher than 13 usd. You seriously believe all the ico participants that bought at 10 cents would have waited till it got that high? Not to mention if somn paid the ico on time then they no longer have limited supply in their control.
It is very simple. A 3rd grader would understand. Can not see why you can not.

All this aside fog computing will be inefficient. If anyone uses their prebuilt pc with low efficiency psu and weak processor, they will see the electric cost is higher than the profit from the coins. The entire concept is just wrong. Miners use 93% efficient power supplies. Your hp,dell,apple has 60-70 percent efficiency. They also do not have cpu's design for the task. Built in gpu's will do nothing in terms of calculations per second.
No one is going to connect a gpu mining rig to somn and wait for task. They will mine 24/7 for higher profits.
Even if this was not a scam it still will not be profitable. It is though.
Would you insert a screw with a hammer? No because it is the wrong tool. A home pc is not design to process large amounts of data.
If you think just because you pc is on an idle all day it would make sense to be performing caculations. You are wrong. My 6 gpu rigs pull 77-85 watts when idle. They pull 900 to 1000 watts when mining. You will notice when the electric bill arrives. That is for damn sure.

@ amintek15. You ask
how do you can even imagine to dump something on liqui ?? their volume is close to 0
Thier volume was not at 0 when the devs were the only ones with smn and the price was at 1 usd each.
Comprendo ?
Also how is that double down investment for 60k smn yesterday going for you? Ow down another 5%. Keep trying to hype this crap as the price plummets. FOOL.

[louloukos]

Lol 😁


Some people believe devs sold 10% @ 1$ and made 42mil;;!!


Loool

U know nothing cryptoFUDS!

To whom they sold;
@which exchange;

The whole depth of liqui was 20btc yesterday I checked.

For me the price is there cause someone does not want to show potential

In simple words shake weak hands

HODL

[amintek15]

@stoniestfool what is the reason for you to be here ?? I don't understand, just dump your 0,005 btc worth coins and leave us in peace.
about your 1usd/token price it's bullshit price and bullshit volume, it's like this with every ICO at the start
and you are talking about my 5% loss from yesterday ? yes I bought for 1900sat and now it's 1850sat, omg I will cry ! almost everything is on red on poloniex today should I cry and call everything a big scam ? comprendo ?

[stoniestfool]

@stoniestfool what is the reason for you to be here ?? I don't understand, just dump your 0,005 btc worth coins and leave us in peace.
about your 1usd/token price it's bullshit price and bullshit volume, it's like this with every ICO at the start
and you are talking about my 5% loss from yesterday? yes I bought for 1900sat and now it's 1850sat, omg I will cry ! almost everything is on red on poloniex today should I cry and call everything a big scam ? comprendo ?

Unlike you i never bought into this crap. You talk alot of crap for being clueless. Your bullshit hype to recover you losses is my reason to be here. Just admit this was a scam from the get go.
You have lied so many times it is pathetic. If the devs were not dumping who was? When did you receive your ico payout?
You lost out like many others. At least they took their losses and did not try to scam others by hyping a scam.

[amintek15]

@stoniestfool what is the reason for you to be here ?? I don't understand, just dump your 0,005 btc worth coins and leave us in peace.
about your 1usd/token price it's bullshit price and bullshit volume, it's like this with every ICO at the start
and you are talking about my 5% loss from yesterday? yes I bought for 1900sat and now it's 1850sat, omg I will cry ! almost everything is on red on poloniex today should I cry and call everything a big scam ? comprendo ?

Unlike you i never bought into this crap. You talk alot of crap for being clueless. Your bullshit hype to recover you losses is my reason to be here. Just admit this was a scam from the get go.
You have lied so many times it is pathetic. If the devs were not dumping who was? When did you receive your ico payout?
You lost out like many others. At least they took their losses and did not try to scam others by hyping a scam.

ok you are probably just one of these polish ex members who leaved the team 1 year ago and want their ICO part. If I would like to hype I would post ancient articles like you do or just post "to the moon !" everywhere. I'm just responding to your FUD and defending the project from your noobs accusations. GL man with your idiot speach, almost every topic it's the same I understand why the more and more projects don't want to come to btctalk anymore