SONM - thoughts

Hi all, i've been interested in SNM coin for a while now seeing as its very very cheap.
The only reason that i can find why it is like this is because of FUD. Especially on bitcointalk and also the majority of Liqui trollbox users just repeat that its a scamcoin.

However, SNM actually has some utility atm as opposed to golem, an arguably similar concept.
The price is also almost a half of the ICO price in USD value.

My question, are there any other reasons why its so much lower than ICO price, and also why is it not on larger exchanges?


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METHOD:
The ICO price of 11 SONM per 1 USD (stated on https://ico.sonm.io/)
Meaning it was at ~0.1USD/SNM and now its at 0.00002, ~0.05USD/SNM. even dropping much lower due to low liquidity on liqui.

 

[kc]

I haven't heard of it before. A lot of new coins/tokens that come out rely on marketing and 'hype' when it comes to price (not solely on that of course). Maybe they didn't do so well on that part?

I'll look into it more tomorrow when I have time.

 

iEXEC vs Golem vs SONM

I participated in the ICO for long-term investment. I believe it'll be competing w/ GNT & RLC for top decentralized computing coins. $SNM seems to be more flexible in the long run, and will have good competition from RLC & GNT.