SONM (BEP-20)

Overview

SONM (SNM) is a BEP-20 token that appears to be a relaunch or fork of an earlier project that aimed to create a decentralized computing platform. The original SONM project, which launched in 2017, intended to create a fog computing platform where users could rent out their computing resources. However, that original project appears to have ceased development.

Current Status

After extensive research, we could not find current, reliable information about the active development, utility, or purpose of the BEP-20 version of SNM token. The project lacks an active website, official documentation, or verifiable development activity. There is minimal information available about the current team or leadership.

Utility Assessment

The current incarnation of the SNM token appears to exist primarily as a trading vehicle on decentralized exchanges. While trading activity itself is not problematic from a Sharia perspective, the lack of clear utility purpose, documentation, or development activity raises concerns about the project's legitimacy and purpose.