Decentralized Fog Supercomputer Network SONM Launches Initial Coin Offering
Supercomputer Organized by Network Mining (SONM), a universal fog supercomputer powered by blockchain technology, has announced the launch of its Initial Coin Offering, which will conclude on July 15th 2017. The ICO, currently capped at $40 million USD in accordance with the Ethereum price, has already raised 10,000 ETH in a pre-sale round which started on April 15th and successfully closed within twelve hours.
By adjusting the algorithms behind conventional cloud and grid networks, SONM aims to become the first distributed supercomputer to be used for general purposes, including site hosting, DNA analysis, and scientific calculations. SONM will issue tokens of the same name on the Ethereum blockchain.