Convert Nicaraguan Córdoba NIO to Sommelier SOMM
NIO to SOMM: 1 Nicaraguan Córdoba converts to 56.61 SOMM
Sommelier (SOMM) is not tradable on Coinbase.
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is NIO 0.01767 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of NIO 6,587,932.17. The amount of Sommelier traded has risen by NIO 105,538.67 in the last 24 hours, which is a 4,415.97% increase. Additionally, in the last day, NIO 2,389.93 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is NIO 0.01767 NIO. In other words, to buy 5 Sommelier, it would cost you NIO 0.08833 NIO. Inversely, NIO 1.00 NIO would allow you to trade for 56.61 SOMM while NIO 50.00 NIO would convert to 2,830.42 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 28.49%. Meanwhile, in the last 24 hours, the rate has changed by 2.43%, and that the highest exchange rate of 1 SOMM to NIO was NIO 0.02017 NIO and the lowest 24 hour value was 1 SOMM for NIO 0.01606 NIO. Last month, 1 SOMM was worth NIO 0.01606 NIO. Today, it's up 10.07%. Looking back a year, Sommelier has changed by NIO 0.04332 NIO. That means that in a single year, the value of Sommelier has shrank by 59.18%.
Sommelier Market Stats
Sommelier is a non-custodial, cross-chain platform for executing actively-managed DeFi investment strategies. Community members can create Cellars that execute on an investment strategy through smart contracts. Cellars are powered by Strategy Providers (SPs) who develop trading strategies and send the recommended actions to the Sommelier Validators to be executed on the Cellar with the intention of gaining yield. Cellars can be strategies like: A portfolio of BTC and ETH that is rebalanced based on price trends that machine learning algorithms identify An NFT trading strategy that leverages Twitter sentiment around particular collections A strategy that hedges liquidity provision on DEXes Sommelier employs a unique architecture consisting of the Sommelier Cosmos SDK blockchain, an off-chain execution environment that keeps strategies private while allowing them to leverage a wide variety of off-chain data modeling techniques, and one of the best performing ETH bridges. Strategy instructions are passed across this bridge to reposition assets in Cellars. This bridge is also being expanded to allow access to other chains (like Polygon, Avalanche, etc) so strategies are not tied to just high gas ETH markets. Sommelier aggregates and batches transactions, thereby reducing gas fees, providing an attractive alternative to Ethereum’s high transaction costs. As for security, Sommelier uses a decentralized governance mechanism run by validators, ensuring state-of-the-art safety of user funds. Validators pass strategy instructions across the bridge, but users’ assets are never moved across it, instead being deployed directly into Cellars. Further, Cellars are non-custodial, meaning that users can withdraw their assets at any time, while strategy providers never have ownership of those assets.
Conversion tables
NIO to SOMM values from Today at
NIO 0.50 NIO = 28.30 SOMM |
NIO 1.00 NIO = 56.61 SOMM |
NIO 5.00 NIO = 283.04 SOMM |
NIO 10.00 NIO = 566.08 SOMM |
NIO 50.00 NIO = 2,830.42 SOMM |
NIO 100.00 NIO = 5,660.85 SOMM |
NIO 500.00 NIO = 28,304.24 SOMM |
NIO 1,000.00 NIO = 56,608.48 SOMM |
SOMM to NIO values from Today at 5:22 am
0.5 SOMM = NIO 0.008833 NIO |
1 SOMM = NIO 0.01767 NIO |
5 SOMM = NIO 0.08833 NIO |
10 SOMM = NIO 0.1767 NIO |
50 SOMM = NIO 0.8833 NIO |
100 SOMM = NIO 1.77 NIO |
500 SOMM = NIO 8.83 NIO |
1,000 SOMM = NIO 17.67 NIO |
NIO to SOMM over time
NIO | Today | 24H -5,804.29% | 1M -6,224.82% | 1Y -2,308.64% |
|---|---|---|---|---|
0.5 NIO | 28.30 SOMM | 29.02 SOMM | 31.12 SOMM | 11.54 SOMM |
1 NIO | 56.61 SOMM | 58.04 SOMM | 62.25 SOMM | 23.09 SOMM |
5 NIO | 283.04 SOMM | 290.21 SOMM | 311.24 SOMM | 115.43 SOMM |
10 NIO | 566.08 SOMM | 580.43 SOMM | 622.48 SOMM | 230.86 SOMM |
50 NIO | 2,830.42 SOMM | 2,902.14 SOMM | 3,112.41 SOMM | 1,154.32 SOMM |
100 NIO | 5,660.85 SOMM | 5,804.29 SOMM | 6,224.82 SOMM | 2,308.64 SOMM |
500 NIO | 28,304.24 SOMM | 29,021.44 SOMM | 31,124.10 SOMM | 11,543.21 SOMM |
1,000 NIO | 56,608.48 SOMM | 58,042.89 SOMM | 62,248.19 SOMM | 23,086.42 SOMM |
Frequently asked questions
Right now, 1 Sommelier is worth about NIO 0.01767.
Based on the current rate, you could get 56.61 SOMM for 1 NIO.
Sommelier price has been on the rise. Since yesterday, the exchange rate of Sommelier has increased. Since last month, the exchange rate of Sommelier has increased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to NIO calculator at the top of this page to convert any amount of SOMM to NIO. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NIO is equivalent to 283.04 SOMM. Inversely, 5 SOMM will cost about NIO 0.08833
Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.
There are a number of crypto assets that have the a similar or comparable market cap to Sommelier, including Titi Financial, GICTrade, and Web3 Doge. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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