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About SOMM and IO
Sommelier is climbing, while io.net is falling this week. The current SOMM to IO conversion rate is 0.002875. Inversely, this means that if you convert 1 IO you will get 347.83 SOMM. The conversion rate of SOMM/IO has decreased by 0.31% in the last hour (IO/SOMM increased by 0.31%). In the last 24 hours, SOMM/IO grew by 22.46%, while IO/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.002875 IO. In other words, to buy 5 Sommelier, it would cost you 0.014375 IO. Inversely, 1 IO would allow you to trade for 347.83 SOMM while 50 IO would convert to 17,391.28 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 12.52%. Meanwhile, in the last 24 hours, the rate has changed by 18%, which means that the highest exchange rate of 1 SOMM to IO was 0.00353 IO and the lowest 24 hour value was 1 SOMM for 0.002306 IO. Last month, 1 SOMM was worth 0.002761 IO. Today, it's up 3.96%. Looking back a year, Sommelier has changed by 0.001288 IO. That means that in a single year, the value of Sommelier has grown by 55.22%.
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.
io.net Market Stats
io.net is a decentralized GPU network designed to give computing power to ML applications. Their mission is to unlock fair access to computing power by assembling 1 million + GPUs from independent data centers, crypto miners, and crypto projects such as Filecoin or Render. IO Coin is the native Coin of the IOG Network. IO functions as a payment and proof of stake token for the IOG network.
Conversion tables
SOMM to IO values from Today at 1:23 pm
0.5 SOMM = 0.001438 IO |
1 SOMM = 0.002875 IO |
5 SOMM = 0.01438 IO |
10 SOMM = 0.02875 IO |
50 SOMM = 0.1438 IO |
100 SOMM = 0.2875 IO |
500 SOMM = 1.44 IO |
1,000 SOMM = 2.88 IO |
IO to SOMM values from Today at 1:25 pm
0.5 IO = 173.91 SOMM |
1 IO = 347.83 SOMM |
5 IO = 1,739.13 SOMM |
10 IO = 3,478.26 SOMM |
50 IO = 17,391.28 SOMM |
100 IO = 34,782.56 SOMM |
500 IO = 173,912.82 SOMM |
1,000 IO = 347,825.63 SOMM |
SOMM to IO over time
SOMM | Today | 24H 18.00% | 1M 3.96% | 1Y 55.22% |
|---|---|---|---|---|
0.5 SOMM | 0.001438 IO | 0.001179 IO | 0.001381 IO | 0.0006438 IO |
1 SOMM | 0.002875 IO | 0.002358 IO | 0.002761 IO | 0.001288 IO |
5 SOMM | 0.01438 IO | 0.01179 IO | 0.01381 IO | 0.006438 IO |
10 SOMM | 0.02875 IO | 0.02358 IO | 0.02761 IO | 0.01288 IO |
50 SOMM | 0.1438 IO | 0.1179 IO | 0.1381 IO | 0.06438 IO |
100 SOMM | 0.2875 IO | 0.2358 IO | 0.2761 IO | 0.1288 IO |
500 SOMM | 1.44 IO | 1.18 IO | 1.38 IO | 0.6438 IO |
1,000 SOMM | 2.88 IO | 2.36 IO | 2.76 IO | 1.29 IO |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003939.
Based on the current rate, you could get 2,538.87 SOMM for 1 USD.
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 decreased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to USD calculator at the top of this page to convert any amount of SOMM to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 12,694.37 SOMM. Inversely, 5 SOMM will cost about $0.001969
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 Pepe Coin, Artmeta, and Costco Hot Dog. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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