Murat
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September 27, 2019, 11:16:49 AM |
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SONM price growth is probably connected to SONM transformation into DAO, so that community can support and manage the project.
I think whales pumped the price to get out with a profit. their supporters lost faith with the team as they announced to stop development. Check their social media profiles and feedback from users. Please dont make me laugh ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) $40 million ICO fund bring project nowhere and now with zero budget to develop SNM you expect project to go far and the funny thing is same crooks who exited with investors fund still standing behind sonm as ceo and project manager. That fund went to Core team pocket. This is why the ICO market is currently not trusted anymore. People will make fake promises and get all the money to fulfill their own needs. Very disappointed with the announcement like every supporter.
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digitalcoins
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Voronkov Ventures accelerator of pre-seed projects
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September 27, 2019, 02:08:54 PM |
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Well, people or rather the token holders here are enthusiastic about taking control of the project. I'm glad of this direction but a major issue is still the funding. Where in the hell will SONM DAO get funding for further development? Pro bono development? If DAO concentrates funds, this can lead to SNM price growth, which will give additional price for developmemt. DAO can also sell some SNM tokens, or make additional emission of DAO tokens and sell them in the open market.
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Sancho18
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Sancho
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September 28, 2019, 03:34:37 PM |
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Well, people or rather the token holders here are enthusiastic about taking control of the project. I'm glad of this direction but a major issue is still the funding. Where in the hell will SONM DAO get funding for further development? Pro bono development? If DAO concentrates funds, this can lead to SNM price growth, which will give additional price for developmemt. DAO can also sell some SNM tokens, or make additional emission of DAO tokens and sell them in the open market. Sorry, but this is bullshit. I am extremely disappointed with the behavior of the team, it helped a little to sweeten this bitter pill that I sold all my tokens on a recent exit pump on binance.
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Sancho18
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Sancho
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September 29, 2019, 10:57:27 AM |
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Well, people or rather the token holders here are enthusiastic about taking control of the project. I'm glad of this direction but a major issue is still the funding. Where in the hell will SONM DAO get funding for further development? Pro bono development? If DAO concentrates funds, this can lead to SNM price growth, which will give additional price for developmemt. DAO can also sell some SNM tokens, or make additional emission of DAO tokens and sell them in the open market. Sorry, but this is bullshit. I am extremely disappointed with the behavior of the team, it helped a little to sweeten this bitter pill that I sold all my tokens on a recent exit pump on binance. Is what you say really true that his words are just bullshit? And if that's true, of course it's not just the ones who are disappointed with their team, and we better just follow its development so as not to miss information Everything looks as if the team spent $ 42 million in two years of development and now went into the sunset, leaving the project to its fate. And now we are talking about a DAO, which is planned to be financed by selling tokens on the market. Do you really want to participate in this? Me not.
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LuckyBtc
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September 29, 2019, 04:56:10 PM |
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Well, people or rather the token holders here are enthusiastic about taking control of the project. I'm glad of this direction but a major issue is still the funding. Where in the hell will SONM DAO get funding for further development? Pro bono development? If DAO concentrates funds, this can lead to SNM price growth, which will give additional price for developmemt. DAO can also sell some SNM tokens, or make additional emission of DAO tokens and sell them in the open market. Sorry, but this is bullshit. I am extremely disappointed with the behavior of the team, it helped a little to sweeten this bitter pill that I sold all my tokens on a recent exit pump on binance. Is what you say really true that his words are just bullshit? And if that's true, of course it's not just the ones who are disappointed with their team, and we better just follow its development so as not to miss information Everything looks as if the team spent $ 42 million in two years of development and now went into the sunset, leaving the project to its fate. And now we are talking about a DAO, which is planned to be financed by selling tokens on the market. Do you really want to participate in this? Me not. I don't want to participate in SONM in any way either (Besides giving warnings). I doubt they spent $42 million on SONM development, They used ICO funds for personal project/company. SONM looked legit project to me, Until the recent shit they posted, It turned everything around. Be safe guys, Research and think 1000 times before you invest.
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AUruHM
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September 29, 2019, 05:18:16 PM |
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Everything looks as if the team spent $ 42 million in two years of development and now went into the sunset, leaving the project to its fate. And now we are talking about a DAO, which is planned to be financed by selling tokens on the market. Do you really want to participate in this? Me not.
But what about the working project as a result? And all sources to continue developing? I don't want to save founders but $42kk was at the beginning at the bull run. Do you sure that all funds have been fiated? I think project have all chances to become successful. But now they are at a difficult time. Try to read more in the telegram. Much interesting
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vlom
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September 29, 2019, 05:49:30 PM |
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"they" developed something that true. but nobody uses it. and they started two other companies. one of them is https://raysrender.com/. but you cant paid for this service that may be based on snm with snm. that shows everbody the trust they have in their own token. they dont bus them / trade them for a service. they just sell snm on binance. end of the story.
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ePesoInitiative
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September 29, 2019, 06:15:00 PM |
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Everything looks as if the team spent $ 42 million in two years of development and now went into the sunset, leaving the project to its fate. And now we are talking about a DAO, which is planned to be financed by selling tokens on the market. Do you really want to participate in this? Me not.
But what about the working project as a result? And all sources to continue developing? I don't want to save founders but $42kk was at the beginning at the bull run. Do you sure that all funds have been fiated? I think project have all chances to become successful. But now they are at a difficult time. Try to read more in the telegram. Much interesting This routine of the dev team who got the ICO funds, whom developed the protocol/platform/coin and then leaving the project, declaring their responsibility is finished is not unique to SONM. Since 2014, I've seen at least two coins that went through the same history - both pump hard eventually and broke ATH prices - however both also were just hyped to fuel the pump. One coin is gone now and probably newbies won't remember, the other is still alive but it seems they are out of development ideas. Anyway, I offer good luck to the new leadership, I hope they can pull it off.
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digitalcoins
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Voronkov Ventures accelerator of pre-seed projects
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September 29, 2019, 09:21:45 PM |
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"they" developed something that true. but nobody uses it. and they started two other companies. one of them is https://raysrender.com/. but you cant paid for this service that may be based on snm with snm. that shows everbody the trust they have in their own token. they dont bus them / trade them for a service. they just sell snm on binance. end of the story. There was lack of enough marketing and sales, mostly concentrated on technology. Everything looks as if the team spent $ 42 million in two years of development and now went into the sunset, leaving the project to its fate. And now we are talking about a DAO, which is planned to be financed by selling tokens on the market. Do you really want to participate in this? Me not.
But what about the working project as a result? And all sources to continue developing? I don't want to save founders but $42kk was at the beginning at the bull run. Do you sure that all funds have been fiated? I think project have all chances to become successful. But now they are at a difficult time. Try to read more in the telegram. Much interesting This routine of the dev team who got the ICO funds, whom developed the protocol/platform/coin and then leaving the project, declaring their responsibility is finished is not unique to SONM. Since 2014, I've seen at least two coins that went through the same history - both pump hard eventually and broke ATH prices - however both also were just hyped to fuel the pump. One coin is gone now and probably newbies won't remember, the other is still alive but it seems they are out of development ideas. Anyway, I offer good luck to the new leadership, I hope they can pull it off. Thank you.
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Strongkored
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Vave.com - Crypto Casino
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September 29, 2019, 11:04:36 PM |
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"they" developed something that true. but nobody uses it. why nobody uses it, because their product ha no benefit or because there is already a similiar product and what they have is not better than existing -snip-they just sell snm on binance. end of the story.
Can we say that this project team is scammer? sold all they have and running with money from sell token on Binance and also from ICO's. Community or bag holder can take over this, but they may also have given up on this token.
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AUruHM
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September 30, 2019, 06:48:47 AM |
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There was lack of enough marketing and sales, mostly concentrated on technology.
I think the same. At the ICO success euphoria team made a platform. But founders didn't think more than 2 years. Or I didn't exclude that plan has been changed due to development. Because of at early stages (I can say about it as early investor) ideas were wide and giant. why nobody uses it, because their product ha no benefit or because there is already a similiar product and what they have is not better than existing
Because it's not so simple today. To use platform resources user must have a quite high level in programming and IT. At first. And too small advertisement. At second. This platform is a wide-known in the close communities
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digitalcoins
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September 30, 2019, 06:53:25 AM |
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There was lack of enough marketing and sales, mostly concentrated on technology.
I think the same. At the ICO success euphoria team made a platform. But founders didn't think more than 2 years. Or I didn't exclude that plan has been changed due to development. Because of at early stages (I can say about it as early investor) ideas were wide and giant. why nobody uses it, because their product ha no benefit or because there is already a similiar product and what they have is not better than existing
Because it's not so simple today. To use platform resources user must have a quite high level in programming and IT. At first. And too small advertisement. At second. This platform is a wide-known in the close communities True, that s why they ve made Rays as simple to use interface. One of the directions is advertising about options for creating such layers as Rays.
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Dextroboy
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Borderless Mobile Finance Marketplace
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September 30, 2019, 10:49:30 AM |
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Well, people or rather the token holders here are enthusiastic about taking control of the project. I'm glad of this direction but a major issue is still the funding. Where in the hell will SONM DAO get funding for further development? Pro bono development? If DAO concentrates funds, this can lead to SNM price growth, which will give additional price for developmemt. DAO can also sell some SNM tokens, or make additional emission of DAO tokens and sell them in the open market. I think if it is done, of course it is a good thing because it can make SNM prices grow, but anyway we will see what developments will be done later
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coingrowth
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September 30, 2019, 10:59:36 AM |
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Well, people or rather the token holders here are enthusiastic about taking control of the project. I'm glad of this direction but a major issue is still the funding. Where in the hell will SONM DAO get funding for further development? Pro bono development? If DAO concentrates funds, this can lead to SNM price growth, which will give additional price for developmemt. DAO can also sell some SNM tokens, or make additional emission of DAO tokens and sell them in the open market. I think if it is done, of course it is a good thing because it can make SNM prices grow, but anyway we will see what developments will be done later For every coin, developments are a major important thing in order to increase their prices, it will be good if they release any developments because of many days' community kept holding this coin, it has a higher chance to increase its price. SNM will surely have the ability to reach high value, but team should focus on developments.
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dRAIH
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September 30, 2019, 03:14:18 PM |
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Well, people or rather the token holders here are enthusiastic about taking control of the project. I'm glad of this direction but a major issue is still the funding. Where in the hell will SONM DAO get funding for further development? Pro bono development? If DAO concentrates funds, this can lead to SNM price growth, which will give additional price for developmemt. DAO can also sell some SNM tokens, or make additional emission of DAO tokens and sell them in the open market. I think if it is done, of course it is a good thing because it can make SNM prices grow, but anyway we will see what developments will be done later For every coin, developments are a major important thing in order to increase their prices, it will be good if they release any developments because of many days' community kept holding this coin, it has a higher chance to increase its price. SNM will surely have the ability to reach high value, but team should focus on developments. agree with the development that will improve the quality and might be able to attract the attention of investors as well so I also hope the team has prepared what the market wants and hopefully this project continues to develop in a better direction
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zahidmoon
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September 30, 2019, 06:21:47 PM |
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Well, people or rather the token holders here are enthusiastic about taking control of the project. I'm glad of this direction but a major issue is still the funding. Where in the hell will SONM DAO get funding for further development? Pro bono development? If DAO concentrates funds, this can lead to SNM price growth, which will give additional price for developmemt. DAO can also sell some SNM tokens, or make additional emission of DAO tokens and sell them in the open market. I think if it is done, of course it is a good thing because it can make SNM prices grow, but anyway we will see what developments will be done later For every coin, developments are a major important thing in order to increase their prices, it will be good if they release any developments because of many days' community kept holding this coin, it has a higher chance to increase its price. SNM will surely have the ability to reach high value, but team should focus on developments. agree with the development that will improve the quality and might be able to attract the attention of investors as well so I also hope the team has prepared what the market wants and hopefully this project continues to develop in a better direction before the bearish move of crypto snm volume was high and price was good enough but now its very low price and volume both. but there is one thing that snm team developing this project in a right way i think it will take time if no other similar project take lead on SNM.
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vlom
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September 30, 2019, 06:32:03 PM |
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masternodes? they introduced maternodes because they wanted to sell more of their coins. and now? what about the masternodes?
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bustedsynx
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September 30, 2019, 07:44:37 PM |
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Hey, digitalcoins aka Andrey Voronkov. Keep talking, I would like to hear more about the Sonm DAO. More importantly on how will development and adoption go on with limited funding resources. I still believe good software is valuable if its really useful albeit user-friendliness barriers.
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Dextroboy
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Borderless Mobile Finance Marketplace
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October 01, 2019, 09:53:54 AM |
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Well, people or rather the token holders here are enthusiastic about taking control of the project. I'm glad of this direction but a major issue is still the funding. Where in the hell will SONM DAO get funding for further development? Pro bono development? If DAO concentrates funds, this can lead to SNM price growth, which will give additional price for developmemt. DAO can also sell some SNM tokens, or make additional emission of DAO tokens and sell them in the open market. I think if it is done, of course it is a good thing because it can make SNM prices grow, but anyway we will see what developments will be done later For every coin, developments are a major important thing in order to increase their prices, it will be good if they release any developments because of many days' community kept holding this coin, it has a higher chance to increase its price. SNM will surely have the ability to reach high value, but team should focus on developments. Speaking of the team, I believe they don't just stay quiet of course they will develop the project, the most important thing is we continue to support the team and hopefully the development can be carried out smoothly
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bustedsynx
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October 01, 2019, 07:53:22 PM |
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Staying quiet is a bad thing in my opinion since every token ICO that has gone under usually started by staying quiet and then staying quiet permanently. Look at the Token announcement section, most are already dead. I sure wish karma or some retribution comes to these failed teams.
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