SONM (current market cap $21m, current CMC ranking 211)

Sonm is a decentralised market place for computing power where people can trade their excess computing power to those who need it. Think the Airbnb/Uber of computing power! There are many use cases including Big Data analysis, machine learning, rendering, scientific calculations, etc.

Sonm is set to disrupt the cloud services industry currently dominated by Amazon Web Services, Microsoft Azure, IBM, Google, etc. This is a rapidly growing industry (24% annual growth) and its market size is expected to be in the region of $500bn by 2022.

Sonm is aiming to disrupt this market by;

1) facilitating fog services that are 50-80% cheaper
2) offering a geo-distributed solution greatly reducing latency issues
3) being open source, decentralised and free from ownership
4) being very scalable

Sonm raised $42m during its ICO in 2017 and currently has 4 offices wordwide and employs over 70 people. The company has made great progress and its mainnet went live last summer. The platform has been already been used by a number of people/businesses in the last few months - actual computing power has been bought and sold - proving this is a viable product!

I personally believe this to be an excellent investment for the following reasons; it's dirt cheap (currently trading at 900 Sats), it's got a working product (a rarity!), the team is excellent, good funding and the potential market is huge....

As always DYOR, check out their website (loads of info) and have a look at their various social media channels. They are very active on Twitter, Reddit, Telegram, YouTube and they are very happy to answer any questions.