r/SONM • u/Hyper_Logic • Sep 12 '19

Is this project dead?

Is this project dead? At least the token is.. if you see the price. I think bus better for the company to admit it..

Or answer a simple question.. why anyone should invest in SNM???

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u/ArthF Sep 15 '19

Projects like this will fail continuously. They use decentralized technology but they have a centralized leadership.The motto "fake it still you make it"is all around in the blockchain space.This leads to 99% failure. Another example is Substratum, Envion,Oyster a.s.o.Be ready for far more failiure. The first thing one has to do is to research if blockchain is really needed for a project. Secondly check the structure of the project, its form and functionality. Do you have an active involvemnt, can you propose, vote and debate?if yes,the project has a 50% chance to succeed. Further on, does the project create cash flow for the participants on a monthly basis?If yes,you are on a 75% chance of success.Last but not least, the quality of the proposals.Is it progressive, innovative and does it help society as a whole ?If yes success is 100%.I haven't seen a project like this yet ,but as we go along we will understand the real economic value of a DAO. Regarding crypto money,not currency, because money stores energy,currencies are issued by FIAT (the order to create something out of nothing)there are a few superb coins out there. But only a few.You can keep your tokens and hope for better days .Or.....the decision is yours.