This is CryptoPortfolio project and my name is DAN.We have survived the BANCOR ICO and now it is time to move to another big ICO project, SONM.This project aims at covering one of the biggest internet markets out there.I hope you will enjoy my review and tell me what you think about this project.Let’s start!Team mainly consists of Russian software developers who have vast experience in the cloud computations sphere.Sergey Ponomarev is the creator of SONM’s decentralized supercomputer architecture and SOSNA concept, as well as the lead developer of the SONM platform.A long time Ethereum and blockchain developer.Anton Tiurin is a senior Yandex software engineer and one of the leading Cocaine platform creators in the Cloud department.Max Taldykin is an experienced smart contracts developer, working on off-chain computations for Ethereum.There are more team members to this project, and you certainly have to check them all out.Advisors include: Max Kordek, Simone Giacomelli, Jaron Lukasiewicz, Emmanuel Abiodun, Jake Vartanian, Sergei Sergienko, Alexander Rugaev.What is the idea?

Decentralized worldwide computational power.They want to solve the problem of inefficiencies of cloud platforms.SONM is able to connect miners and customers with its decentralized network of computational power.The services which can be provided range from CGI rendering to scientific computations.SONM uses the fog/grid computing.It is an architecture that uses one or more collaborative multitude of end-user clients or near-user edge devices to carry out a substantial amount of storage (rather than stored primarily in cloud data centers), communication (rather than routed over the internet backbone), control, configuration, measurement and management (rather than controlled primarily by network gateways such as those in the LTE core network).The project will create a market for miners and customers.The SNM token will be used as a native currency of the platform.Anyone could connect to the SONM network and receive passive income for its computational power.As you know, later this year Ethereum will transition to hybrid version of POS and POW, this is going to be the moment a lot of miners will leave Ethereum.bitcoin fedora 20

And SONM wants to invite those miners to its platform.So don’t mine Ethereum classic, start mining inside SONM network =).SONM’s main target is to become an important player in the cloud market.The market right now stands at $200 bln.By 2020 this number will transform into $300 bln.They want to be cheaper and more effective than competitors, by doing that SONM wants to cover substantial part of the market.Do not forget about competitors.bitcoin zorlukGolem isn’t sleeping.What about money?bitcoin to usd candlestickThe profit generation comes from usage of SNM tokens by buyers of computational power and dividends to tokenholders.Profit generation comes from 0,5% fee of the hubs’ turnover funds.ethereum programming language

Hubs arFees can be changed by tokenholders through the DAO governance tool.Dividends to SONM tokenholders will be allocated as % from network fees.Hubs will transfer settlement commission to DAO wallet which will distribute funds to investors.Actual usage of SNMs on the platform will also positively influence the SNM price.SONM business plan presents us with 2 business scenarios.Check their business document if you want more information on this.The first one is pessimistic.bitcoin sync sizeIt forecasts that project needs at least 3 and a half years to pay off initial investments through dividend mechanism.The other scenario is optimistic.bitcoin ticker windows 7In this case, the project needs 1 and a half years to pay off initial investments of contributors through dividends.What are the technologies SONM used to build its network?Docker Container is an isolated environment ensuring computing parallelism and appropriate apps running on any device.Ethereum smart contracts.

A consensus system ensuring transparency and security for the system’s participants.Yandex.Cocaine, which is an open source Platform-as-a-Service (PaaS) technology, and a decentralized computing platform.BtSync.A peer-to-peer system for fast and safe data transfer.Whisper, which is a peer-to-peer technology for node communication.Fog computing.А decentralized and more efficient computing model compared to cloud.It has miners who actually provide computational resources.And buyers who are the main users of the computational power.The crowdsale terms.SONM will distributed a large % of its tokens to investors, making their crowdsale more favorable for participants.First of all, SNM is ERC-20 token on Ethereum blockchain.ICO starts on 15h of June, 17:00 UTC and ends on 15th of July.Project will distribute 80% of its tokens to investors, 1% to community grants, 9% SONM ecosystem fund, 10% SONM team.They want to collect up to $40 mln.Current rate of 1 ETH = 2824 SNM tokens.The earliest investors will get the biggest bonus (15%), other investors will get bonuses depending on when they invested.SNM transfer will be restricted for 1 month after ICO due to safety measures.Allocation of funds is mainly concentrated on Marketing and promotion and Research and Development.Team is a solid advantage.

They are all experienced, professional, and passionate about what they do.Working prototype.And recently they checked their product by running Quake.Check out their blog if you are interested.Value proposition is logical and well presented in their documents.They distribute a large percentage of tokens to investors.That is always healthy for the ICOs.The first disadvantage is money.I do not think that they need $40 mln.to successfully implement their technology.But it is up to you to judge.Another thing is dividends.They openly say that it is dividends that will be distributed.But it will make SNM tokens a financial instrument which is dangerous in terms of legal aspects.There is quite a list of projects which are going to do the same stuff, so competition is a real thing and must not be put out of the equation.The project I am going to review today very much resembles Basic Attention Token ICO.OmiseGo is also going to be built on the existing product, Omise.It is a very popular payment management platform in Southeast Asia, especially in Thailand.

And let’s check out what they want to do with the blockchain technology and why they need initial coin offering.Team consists of Omise core team and well-known blockchain developers.The advisors are the strongest part of OmiseGo project because they almost all are from Ethereum foundation.Founded in 2013, Omise is a venture-backed payments company operating in Thailand, Japan, Singapore, and Indonesia.Omise has been a big supporter of Ethereum and its technologies, contributing funding to the foundation’s DEVGRANTS initiative in 2015, as well as funding the development of Raiden.Omise team also collaborated with many other blockchain technologies including Hydrachain, Golem, Tendermint, and Cosmos.OmisGo advisory board consists of the most famous blockchain and Ethereum developers.Vitalik Buterin, Gavin Wood, lightning network creator Joseph Poon.Stars.Basically, OmiseGo is an e-wallet and payment platform operating across currencies and assets.OmiseGo will create a platform for managing fiat/cryptocurrency/other assets with its powerful wallet Software Development Kit.

OmiseGo builds a liquid on-chain decentralized exchange and off-chain payment network to make its ecosystem workOMG tokens will be native currency of the OmiseGo blockchain.OmiseGo is going to be a new blockchain.With OmiseGo the users will be able to manage: fiat tokens, cryptocurrencies, other assets (such as loyalty and reward points).Software Development Kit will be provided to ensure full interaction with OmiseGo network.The OmiseGo blockchain will be closely integrated into Ethereum mainnet.You can get to know more from reading technical whitepaper.The OmiseGo will solve a lot of problems, including settlement time, fees, transparency, security, finality.OmiseGo wants to be the place where you do not need a bank account to cash in or cash out.One of the biggest markets OmiseGo wants to cover is Remittances market.Of course, OmiseGo wants to cover more markets , such as: payments, loyalty and rewards, gaming and messenger platforms.As you can see, the biggest remittances destinations are in Southeast Asia.

This is the market where Omise team is really concentrated.In 2016 the remittances market was evaluated at $442 bln.Having certain advantages like low fees, fast transaction time, easy cashouts and cashins can be a powerful argument for usage of OmiseGo e-wallet.The profit generation comes from holding OMG tokens.They will be used to validate the Proof of Stake network of OmiseGo and that’s how tokenholders will get rewards.More transactions on the OmiseGo blockchain = more rewards go to tokenholders.I made assumption that OmiseGo collects all $19 mln.and compared this project with major payment companies.Some incredible gains possible if the project is a success.Any on chain acitivity needs to pay fees for validating the network.Simple value appreciation leads to investors’ portfolio value increase.OmiseGo tokenholders must wait until the blockchain is created.OmiseGo has its own Proof-of-Stake blockchain with validators and other important variables of POS networks.Here is the scheme of the OmiseGo network.

Everything is built to support Digital Wallet functionality.The main use cases of OmiseGo:In my opinion, this project is one of the most solid ones and , at the same time, less demanding from investors than others.First of all, OMG is ERC-20 token on Ethereum until OMG blockchain is created.After the creation, the OMG tokens will be transferred to its own blockchain.ICO starts on 27th of June and ends 1 month later.Seems to be without any time bonuses.65,1% of all OMG tokens will be distributed to investors, 20% — reserve, and 9,9% — team.Max cap is $19mln, minimum is $8mln.5% of tokens is intended to encourage incentive alignment with Ethereum stakeholders.Almost all the money goes to research and development.This is how allocation of of ICO funds is made: 62% — staffing, 16% — Scalability research, 7% — Operating expenses, 6% — marketing, 5% — legal, 4% — consultancy.Advantages and disadvantages.First of all, I want to mention that I haven’t found a lot of disadvantages so you should tell your opinion about it in the comments.Team is rock solid with existing selling product.Advisory board consists of Ethereum and Bitcoin stars.They have a clear vision of their product and the existing customer base which will use their product.The biggest disadvantage for me is that they are building their own blockchain.Another disadvantage is that they are now exclusively concentrated on Asia, I hope soon they will expand to Europe and America.Donate ETH if you want to support me: 0xcc32962e5CB388717C7034d1a4EE3Ae6dB42763a