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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 0.00207. Inversely, this means that if you convert 1 IO you will get 483.06 SOMM. The conversion rate of SOMM/IO has decreased by 0.34% in the last hour (IO/SOMM increased by 0.34%). In the last 24 hours, SOMM/IO grew by 1.58%, while IO/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.00207 IO. In other words, to buy 5 Sommelier, it would cost you 0.010351 IO. Inversely, 1 IO would allow you to trade for 483.06 SOMM while 50 IO would convert to 24,153.06 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 18.61%. Meanwhile, in the last 24 hours, the rate has changed by 2.56%, and that the highest exchange rate of 1 SOMM to IO was 0.002063 IO and the lowest 24 hour value was 1 SOMM for 0.001972 IO. Last month, 1 SOMM was worth 0.002738 IO. Today, it's down 32.27%. Looking back a year, Sommelier has changed by 0.001536 IO. That means that in a single year, the value of Sommelier has grown by 25.82%.
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 12:58 pm
0.5 SOMM = 0.001035 IO |
1 SOMM = 0.00207 IO |
5 SOMM = 0.01035 IO |
10 SOMM = 0.0207 IO |
50 SOMM = 0.1035 IO |
100 SOMM = 0.207 IO |
500 SOMM = 1.04 IO |
1,000 SOMM = 2.07 IO |
IO to SOMM values from Today at 1:01 pm
0.5 IO = 241.53 SOMM |
1 IO = 483.06 SOMM |
5 IO = 2,415.31 SOMM |
10 IO = 4,830.61 SOMM |
50 IO = 24,153.06 SOMM |
100 IO = 48,306.12 SOMM |
500 IO = 241,530.60 SOMM |
1,000 IO = 483,061.19 SOMM |
SOMM to IO over time
SOMM | Today | 24H 2.56% | 1M -32.27% | 1Y 25.82% |
|---|---|---|---|---|
0.5 SOMM | 0.001035 IO | 0.001009 IO | 0.001369 IO | 0.0007678 IO |
1 SOMM | 0.00207 IO | 0.002017 IO | 0.002738 IO | 0.001536 IO |
5 SOMM | 0.01035 IO | 0.01009 IO | 0.01369 IO | 0.007678 IO |
10 SOMM | 0.0207 IO | 0.02017 IO | 0.02738 IO | 0.01536 IO |
50 SOMM | 0.1035 IO | 0.1009 IO | 0.1369 IO | 0.07678 IO |
100 SOMM | 0.207 IO | 0.2017 IO | 0.2738 IO | 0.1536 IO |
500 SOMM | 1.04 IO | 1.01 IO | 1.37 IO | 0.7678 IO |
1,000 SOMM | 2.07 IO | 2.02 IO | 2.74 IO | 1.54 IO |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003012.
Based on the current rate, you could get 3,320.01 SOMM for 1 USD.
Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. 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 16,600.04 SOMM. Inversely, 5 SOMM will cost about $0.001506
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 HARRIS DOGS, Sunny Side up, and Marginswap. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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