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What is SONM?

SONM (SNM) is a Decentralised Fog Computing Platform that provides cloud services based on distributed customer level hardware such as PCs, mining equipment and servers. Users can rent out their hardware or use someone’s computing power for their needs.

  • Users are rated based on marketplace history and results of deals made to sell or purchase computing power on the SONM platform.
  • SONM has implemented AI to focus on solving three main problems: solving trust, the Knapsack problem, and the Traveling Salesman problem.
  • The team are developing a universal IT infrastructure capable of performing CGI rendering tasks, neural network training algorithms, hosting websites and other solutions.

SONM provides a platform for real-world applications, seeking to complete tasks from scientific calculations through to gaming. The team aims to build a global decentralised marketplace that monetises the world's idle computing power.

How do I swap SONM?

Enter amount to swap
Select the quantity of SONM you would like to swap.
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Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about SONM

Why Should I Trade SNM with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell SONM no matter what your trading experience is. Unlike other international and Australian SONM exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy SONM with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade SONM how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your SONM?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your SONM for free.

Cold Storage

If you are holding SONM as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy SONM. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for SONM. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
SONM has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As SONM is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual SONM exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in SONM & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying SONM safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your SONM portfolio here.
Yes! With CoinSpot you can convert your SONM to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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