What is SONM (BEP-20) (SNM)?

Cryptocurrency SONM (BEP-20), or Supercomputing Organized by Network Mining, is a decentralized marketplace designed for distributed computing power. It aims to bridge the gap between supply and demand in the global market for computational resources. One of the key features of SONM is its use of blockchain technology, specifically the BEP-20 standard on the Binance Smart Chain (BSC). This makes SONM a part of the wider Binance ecosystem and provides benefits such as fast transaction speeds and low fees. SONM enables users to rent out their unused computing power and earn SONM tokens in return. These tokens can then be used to purchase computing resources from other users on the network. This creates a decentralized marketplace where computational resources can be bought and sold on-demand, eliminating the need for intermediaries. By leveraging blockchain technology, SONM aims to disrupt the traditional centralized cloud computing industry. It provides a secure and efficient alternative for businesses and individuals in need of computational power. Additionally, the decentralized nature of SONM ensures transparency and eliminates the risk of a single point of failure. SONM's technology also supports a wide range of computing tasks, including rendering, scientific calculations, machine learning, and data analysis. This flexibility makes it suitable for various industries and use cases, further adding to its appeal. In conclusion, SONM (BEP-20) is a decentralized marketplace for distributed computing power, built on the Binance Smart Chain. It offers users the ability to rent and sell computational resources securely and efficiently. By leveraging blockchain technology, SONM aims to revolutionize the cloud computing industry and provide a decentralized solution for computing needs.