Post
Topic
Board Tokens (Altcoins)
Re: [ANN] SONM • Decentralized Fog Computing
by
zahidmoon
on 30/09/2019, 18:21:47 UTC
SONM price growth is probably connected to SONM transformation into DAO, so that community can support and manage the project.

You can find SONM DAO creation roadmap here:
https://link.medium.com/XAsnDEIZi0

and you can find rinkeby SONM test DAO participation here:
https://link.medium.com/lawLQYKZi0

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.