Convert Sommelier SOMM to Nicaraguan Córdoba NIO
SOMM to NIO: 1 Sommelier converts to NIO 0.01232 NIO as of July 20 at 1:58 PM
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is NIO 0.01232 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of NIO 4,568,668.74. The amount of Sommelier traded has fallen by NIO 0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, NIO 2,007.17 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is NIO 0.01232 NIO. In other words, to buy 5 Sommelier, it would cost you NIO 0.06159 NIO. Inversely, NIO 1.00 NIO would allow you to trade for 81.18 SOMM while NIO 50.00 NIO would convert to 4,059.15 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 5.89%. Meanwhile, in the last 24 hours, the rate has changed by 0.35%, and that the highest exchange rate of 1 SOMM to NIO was NIO 0.01244 NIO and the lowest 24 hour value was 1 SOMM for NIO 0.01222 NIO. Last month, 1 SOMM was worth NIO 0.01986 NIO. Today, it's down 38.28%. Looking back a year, Sommelier has changed by NIO 0.03991 NIO. That means that in a single year, the value of Sommelier has shrank by 69.15%.
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
SOMM to NIO values from Today at 1:58 pm
0.5 SOMM = NIO 0.006159 NIO |
1 SOMM = NIO 0.01232 NIO |
5 SOMM = NIO 0.06159 NIO |
10 SOMM = NIO 0.1232 NIO |
50 SOMM = NIO 0.6159 NIO |
100 SOMM = NIO 1.23 NIO |
500 SOMM = NIO 6.16 NIO |
1,000 SOMM = NIO 12.32 NIO |
NIO to SOMM values from Today at
NIO 0.50 NIO = 40.59 SOMM |
NIO 1.00 NIO = 81.18 SOMM |
NIO 5.00 NIO = 405.92 SOMM |
NIO 10.00 NIO = 811.83 SOMM |
NIO 50.00 NIO = 4,059.15 SOMM |
NIO 100.00 NIO = 8,118.30 SOMM |
NIO 500.00 NIO = 40,591.52 SOMM |
NIO 1,000.00 NIO = 81,183.05 SOMM |
SOMM to NIO over time
SOMM | Today | 24H 0.32% | 1M -61.27% | 1Y -223.97% |
|---|---|---|---|---|
0.5 SOMM | NIO 0.006159 NIO | NIO 0.006139 NIO | NIO 0.009932 NIO | NIO 0.01995 NIO |
1 SOMM | NIO 0.01232 NIO | NIO 0.01228 NIO | NIO 0.01986 NIO | NIO 0.03991 NIO |
5 SOMM | NIO 0.06159 NIO | NIO 0.06139 NIO | NIO 0.09932 NIO | NIO 0.1995 NIO |
10 SOMM | NIO 0.1232 NIO | NIO 0.1228 NIO | NIO 0.1986 NIO | NIO 0.3991 NIO |
50 SOMM | NIO 0.6159 NIO | NIO 0.6139 NIO | NIO 0.9932 NIO | NIO 2.00 NIO |
100 SOMM | NIO 1.23 NIO | NIO 1.23 NIO | NIO 1.99 NIO | NIO 3.99 NIO |
500 SOMM | NIO 6.16 NIO | NIO 6.14 NIO | NIO 9.93 NIO | NIO 19.95 NIO |
1,000 SOMM | NIO 12.32 NIO | NIO 12.28 NIO | NIO 19.86 NIO | NIO 39.91 NIO |
Frequently asked questions
Right now, 1 Sommelier is worth about NIO 0.01232.
Based on the current rate, you could get 81.18 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 decreased. 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 405.92 SOMM. Inversely, 5 SOMM will cost about NIO 0.06159
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 Sunny Side up, Amino, and Envision. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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