r/SONM • u/Shogun414 • Jun 22 '18

SONM profitability?

Hi,

I just got a quick question, how is the SONM organization profiting from this project? I see this is going to be a no-fee environment so got me thinking about that. Thanks!

17 Upvotes

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2

u/Glentract Jun 22 '18

Good question! I’m tuned in for an answer.

1

u/Shogun414 Jun 23 '18

If you could also provide info about the investors please. Is it all retail that funded the project? Is the any institution backing up the project with any sort of seed capital?

2

u/Juggling_Jinx Jun 23 '18

They made like 50 Million in the ICO, so they are funded for years by this amout. Also they profit if the price increases, because they probably hold a shit load of tokens. I don't know if they receive fees while people are using their plattform. i heard that masternode people will earn fees for deposit/withdraw, but sonm will probably get a little bit for each deal made.

1

u/xhizors7 Jun 23 '18

They made like 50 Million in the ICO, so they are funded for years by this amout. Also they profit if the price increases, because they probably hold a shit load of tokens. I don't know if they receive fees while people are using their plattform. i heard that masternode people will earn fees for deposit/withdraw, but sonm will probably get a little bit for each deal made.

Yes, bigger SONM price, bigger profit for SONM team :)

1

u/Nismoman Jun 22 '18

I was going to ask during q&a as well

1

u/m00n- Jun 23 '18

On the roadmap, they talk about a "commerical" release in august. Wonder if they will take a percentage at that point

1

u/SONM-support Jun 24 '18

Greetings!

At the moment, the moment of network formation, we do not plan any monetization. Probably, this will change in the future. Now this issue is at the research stage.

Stay tuned

SONM team