[ANN] SONM • Decentralized Fog Computing

[zahidmoon]

a dash masternode is worth about 400k dollars. a vechain masternode is worth about 30k dollars. I doubt a sonm masternode would be worth a measly 2k dollars. it'll be at least 50k sonm, probably even closer to 70 or 100k

a year ago dash was worth 4$. so you needed 4k$ to start a masternode. i think that it not the way to compare it in terms of dollar. but lets see. they will publish it and why will know.

I wont buy more than 10k sonm. and i need to sell other alts to buy more sonm.

you mean 2 years ago it was 4$. Now, even so, they wouldn't want Sonm to be centralized because there's only big bag hodlers who can afford a masternode, but it wouldn't be smart to have too many masternodes either. I think the minimum investment for a masternode would be 10K$, or about 50K Sonm. Time will tell, it has more to do with the technical side of the story than with what we think it will be. I'm sure we'll get clarity in the april rapport.

I think 50K sonm will be too much for a masternode, considering only 359M tokens are on CMC and and top 100 holders when you check etherscan hold more that 300M tokens, so to get a good distribution of masternodes theyy will have to use way lower than 50K maybe 20K SONM

right now 50K sonm worth 10500 USD so that is huge money
and when the price goes up like 0.5$ or 1$ then its price will become really huge
i think that amount should be less for masternode i think less then 10K sonm is enough for a master node.

[axlroses]

a dash masternode is worth about 400k dollars. a vechain masternode is worth about 30k dollars. I doubt a sonm masternode would be worth a measly 2k dollars. it'll be at least 50k sonm, probably even closer to 70 or 100k

a year ago dash was worth 4$. so you needed 4k$ to start a masternode. i think that it not the way to compare it in terms of dollar. but lets see. they will publish it and why will know.

I wont buy more than 10k sonm. and i need to sell other alts to buy more sonm.

you mean 2 years ago it was 4$. Now, even so, they wouldn't want Sonm to be centralized because there's only big bag hodlers who can afford a masternode, but it wouldn't be smart to have too many masternodes either. I think the minimum investment for a masternode would be 10K$, or about 50K Sonm. Time will tell, it has more to do with the technical side of the story than with what we think it will be. I'm sure we'll get clarity in the april rapport.

I think 50K sonm will be too much for a masternode, considering only 359M tokens are on CMC and and top 100 holders when you check etherscan hold more that 300M tokens, so to get a good distribution of masternodes theyy will have to use way lower than 50K maybe 20K SONM

right now 50K sonm worth 10500 USD so that is huge money
and when the price goes up like 0.5$ or 1$ then its price will become really huge
i think that amount should be less for masternode i think less then 10K sonm is enough for a master node.

Correct, 50k SONM is equivalent to one Btc I think the number is indeed too big considering the price of the token is getting expensive at least there is a decrease to 10-20k SONM maybe the others do not mind.

[Ardys7]

Considering a coin supply price of SONM should be at least twice of golem's. Or even more, if SONM is ahead of development. So I expect 6x gain from buy price of 0.3-0.33 usd. Let's see.

many people have written here that SONM is better than GOLEM. They were firmly convinced. But why is the course of Golem getting higher and the course of sonm moving only slightly? Is that trust no longer there?

Golem is presented on much more exchanges. They are on Upbit, Huobi, Bittrex, Poloniex. The 24H volume is much higher, they are in the top 50 crypto so they get much more attention. SONM value could be much higher already if they were on other big exchanges not just on Binance.

[Sam San]

a dash masternode is worth about 400k dollars. a vechain masternode is worth about 30k dollars. I doubt a sonm masternode would be worth a measly 2k dollars. it'll be at least 50k sonm, probably even closer to 70 or 100k

a year ago dash was worth 4$. so you needed 4k$ to start a masternode. i think that it not the way to compare it in terms of dollar. but lets see. they will publish it and why will know.

I wont buy more than 10k sonm. and i need to sell other alts to buy more sonm.

you mean 2 years ago it was 4$. Now, even so, they wouldn't want Sonm to be centralized because there's only big bag hodlers who can afford a masternode, but it wouldn't be smart to have too many masternodes either. I think the minimum investment for a masternode would be 10K$, or about 50K Sonm. Time will tell, it has more to do with the technical side of the story than with what we think it will be. I'm sure we'll get clarity in the april rapport.

I think 50K sonm will be too much for a masternode, considering only 359M tokens are on CMC and and top 100 holders when you check etherscan hold more that 300M tokens, so to get a good distribution of masternodes theyy will have to use way lower than 50K maybe 20K SONM

right now 50K sonm worth 10500 USD so that is huge money
and when the price goes up like 0.5$ or 1$ then its price will become really huge
i think that amount should be less for masternode i think less then 10K sonm is enough for a master node.

Correct, 50k SONM is equivalent to one Btc I think the number is indeed too big considering the price of the token is getting expensive at least there is a decrease to 10-20k SONM maybe the others do not mind.

the number of master nodes should be determined not by the cost of master nodes, and the number of them to perform the work and maintain the network. when it is clear how much should they be , then it will be known how many the current number of coins it is possible to send them to masternode and how to keep in circulation to pay for services. also  master node should still give significant income to its holder, otherwise they will cease to work and will be sold.

[PS19]

a dash masternode is worth about 400k dollars. a vechain masternode is worth about 30k dollars. I doubt a sonm masternode would be worth a measly 2k dollars. it'll be at least 50k sonm, probably even closer to 70 or 100k

a year ago dash was worth 4$. so you needed 4k$ to start a masternode. i think that it not the way to compare it in terms of dollar. but lets see. they will publish it and why will know.

I wont buy more than 10k sonm. and i need to sell other alts to buy more sonm.

you mean 2 years ago it was 4$. Now, even so, they wouldn't want Sonm to be centralized because there's only big bag hodlers who can afford a masternode, but it wouldn't be smart to have too many masternodes either. I think the minimum investment for a masternode would be 10K$, or about 50K Sonm. Time will tell, it has more to do with the technical side of the story than with what we think it will be. I'm sure we'll get clarity in the april rapport.

I think 50K sonm will be too much for a masternode, considering only 359M tokens are on CMC and and top 100 holders when you check etherscan hold more that 300M tokens, so to get a good distribution of masternodes theyy will have to use way lower than 50K maybe 20K SONM

seriously 300 million sonm is in the possession of just 100 people?

yeah you can see it on etherscan.io token holders chart

 https://etherscan.io/token/tokenholderchart/0x983f6d60db79ea8ca4eb9968c6aff8cfa04b3c63

This worries me.

[xlcus]

a dash masternode is worth about 400k dollars. a vechain masternode is worth about 30k dollars. I doubt a sonm masternode would be worth a measly 2k dollars. it'll be at least 50k sonm, probably even closer to 70 or 100k

a year ago dash was worth 4$. so you needed 4k$ to start a masternode. i think that it not the way to compare it in terms of dollar. but lets see. they will publish it and why will know.

I wont buy more than 10k sonm. and i need to sell other alts to buy more sonm.

you mean 2 years ago it was 4$. Now, even so, they wouldn't want Sonm to be centralized because there's only big bag hodlers who can afford a masternode, but it wouldn't be smart to have too many masternodes either. I think the minimum investment for a masternode would be 10K$, or about 50K Sonm. Time will tell, it has more to do with the technical side of the story than with what we think it will be. I'm sure we'll get clarity in the april rapport.

I think 50K sonm will be too much for a masternode, considering only 359M tokens are on CMC and and top 100 holders when you check etherscan hold more that 300M tokens, so to get a good distribution of masternodes theyy will have to use way lower than 50K maybe 20K SONM

seriously 300 million sonm is in the possession of just 100 people?

yeah you can see it on etherscan.io token holders chart

 https://etherscan.io/token/tokenholderchart/0x983f6d60db79ea8ca4eb9968c6aff8cfa04b3c63

This worries me.

The two sides of one thing: bad is the centralized distribution of the tokens; good is the whale is around. The pump will be possible when the whale will manipulate the market.

[CanErik]

Hi,

Why do we need master node for decentralized fog computing? Am I missing something?

Kind regards

[Kazadar]

Hi,

Why do we need master node for decentralized fog computing? Am I missing something?

Kind regards

I havent really seen the answer to this one either, but as SONM will run on an ETH sidechain, I am guessing they are there to secure the sidechain.

[ortim]

Hi,

Why do we need master node for decentralized fog computing? Am I missing something?

Kind regards

I havent really seen the answer to this one either, but as SONM will run on an ETH sidechain, I am guessing they are there to secure the sidechain.

This:
1. Ethereum might be too slow to handle heavy load (that is transactions on SONM marketplace) while other projects are also based on ETH --- think Cryptokitties
2. At the same time, Ethereum is the only smart contract platform that is time tested and proven at this point. Changing to another network is possible but they decided its risky
3. Transaction fees on Ethereum are too high to have an efficient and fluid spot market. On Sonm sidechain transaction will be either free or very cheap

nice sideeffect: future blockchain projects might be build on SONM sidechain

there will be two types on Nodes: Masternode to secure the sidechain. Gatekeeper nodes to secure the connection to ethereum network. If you check out their February monthly report you can find most of these details.

BTW, tomorrow Q&A session on youtube!
You can ask questions here, they might be answered in tomorrow's livestream: https://twitter.com/sonmdevelopment/status/988462923361214464

[CanErik]

Hi,

Why do we need master node for decentralized fog computing? Am I missing something?

Kind regards

I havent really seen the answer to this one either, but as SONM will run on an ETH sidechain, I am guessing they are there to secure the sidechain.

This:
1. Ethereum might be too slow to handle heavy load (that is transactions on SONM marketplace) while other projects are also based on ETH --- think Cryptokitties
2. At the same time, Ethereum is the only smart contract platform that is time tested and proven at this point. Changing to another network is possible but they decided its risky
3. Transaction fees on Ethereum are too high to have an efficient and fluid spot market. On Sonm sidechain transaction will be either free or very cheap

nice sideeffect: future blockchain projects might be build on SONM sidechain

there will be two types on Nodes: Masternode to secure the sidechain. Gatekeeper nodes to secure the connection to ethereum network. If you check out their February monthly report you can find most of these details.

BTW, tomorrow Q&A session on youtube!
You can ask questions here, they might be answered in tomorrow's livestream: https://twitter.com/sonmdevelopment/status/988462923361214464

Hi;

Thank you for detailed explanation. I guess, I missed that report.

Kinf regards

[rebel.salesman]

The Q&A is tomorrow! Ask questions on https://sli.do  with event code Z11, or on Twitter with a hashtag #ASKSONM. Join the live broadcast on our YouTube channel tomorrow at 18:00 UTC!

[Virtuoso]

we are so close to see first real use cases about SONM adoption, it’s so exciting

[Ardys7]

1. Could anyone in the future implement new smart contracts and create new tokens on SONM sidechain just like on Ethereum chain?
2. Will you upgrade the SONM sidechain with the upgrades of the Ethereum chain (fe: implement Casper and POS system)?

[AlexSONMsupport]

This:
1. Ethereum might be too slow to handle heavy load (that is transactions on SONM marketplace) while other projects are also based on ETH --- think Cryptokitties
2. At the same time, Ethereum is the only smart contract platform that is time tested and proven at this point. Changing to another network is possible but they decided its risky
3. Transaction fees on Ethereum are too high to have an efficient and fluid spot market. On Sonm sidechain transaction will be either free or very cheap

nice sideeffect: future blockchain projects might be build on SONM sidechain

there will be two types on Nodes: Masternode to secure the sidechain. Gatekeeper nodes to secure the connection to ethereum network. If you check out their February monthly report you can find most of these details.

BTW, tomorrow Q&A session on youtube!
You can ask questions here, they might be answered in tomorrow's livestream: https://twitter.com/sonmdevelopment/status/988462923361214464

Hello!
This is the best answer possible! We are grateful for your support!

Stay tuned
SONM team

[zahidmoon]

This:
1. Ethereum might be too slow to handle heavy load (that is transactions on SONM marketplace) while other projects are also based on ETH --- think Cryptokitties
2. At the same time, Ethereum is the only smart contract platform that is time tested and proven at this point. Changing to another network is possible but they decided its risky
3. Transaction fees on Ethereum are too high to have an efficient and fluid spot market. On Sonm sidechain transaction will be either free or very cheap

nice sideeffect: future blockchain projects might be build on SONM sidechain

there will be two types on Nodes: Masternode to secure the sidechain. Gatekeeper nodes to secure the connection to ethereum network. If you check out their February monthly report you can find most of these details.

BTW, tomorrow Q&A session on youtube!
You can ask questions here, they might be answered in tomorrow's livestream: https://twitter.com/sonmdevelopment/status/988462923361214464

Hello!
This is the best answer possible! We are grateful for your support!

Stay tuned
SONM team

yes that's great on sonm sidechain many things like speed and fees will be no more an issue
but right now eth network is very stable now its speed is good for now and very low cost transaction fee  at the moment
their is no need to change the network. eth is okay. but if sonm team will do that then its only wastage of time
because sonm team should focus on developments and on sonm sidechain
we sonm community have to wait and let sonm team finished their work on the project

[Xandan]

In every project a large portion of supply is always in counted hands which is good for liquidity from those big players. But at the same time I would like to show other side by saying we have to see many rounds of redistribution of tokens after every increase in future. Specially after the release of platform interesting things can be expected.

[rebel.salesman]

Sold out! All the tickets for SONM meetup have been taken! See you tomorrow, guys!

[weeklyeth]

Sold out! All the tickets for SONM meetup have been taken! See you tomorrow, guys!

https://pbs.twimg.com/media/DbjJrBPWAAANFb3.jpg:large

Wonderful, to see all tickets has been sold because people want to know more updates from the company. If it is possible better post the recorded video about the updates and the future plans of the SONM.

[rebel.salesman]

Hey community! The Q&A is today at 18:00 UTC! Visit our channel http://youtube.com/sonmplatform  and ask your question in the live chat!

[Bavaria]

Hey community! The Q&A is today at 18:00 UTC! Visit our channel http://youtube.com/sonmplatform  and ask your question in the live chat!

Thanks for answering all community questions. As usual, it was very interesting and informative qa session!