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About IO and SOMM
io.net is falling, while Sommelier is climbing this week. The current IO to SOMM conversion rate is 412.13. Inversely, this means that if you convert 1 SOMM you will get 0.002426 IO. The conversion rate of IO/SOMM has increased by 1.09% in the last hour (SOMM/IO decreased by 1.09%). In the last 24 hours, IO/SOMM shrunk by 10.24%, while SOMM/IO grew by the same amount.
The exchange rate of io.net is decreasing. The current value of 1 IO is 412.13 SOMM. In other words, to buy 5 io.net, it would cost you 2,060.63 SOMM. Inversely, 1 SOMM would allow you to trade for 0.002426 IO while 50 SOMM would convert to 0.1213 IO, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 20.6%. Meanwhile, in the last 24 hours, the rate has changed by 9.45%, and that the highest exchange rate of 1 IO to SOMM was 462.20 SOMM and the lowest 24 hour value was 1 IO for 384.59 SOMM. Last month, 1 IO was worth 362.37 SOMM. Today, it's up 12.07%. Looking back a year, io.net has changed by 574.17 SOMM. That means that in a single year, the value of io.net has shrank by 39.32%.
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.
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
IO to SOMM values from Today at 12:42 am
0.5 IO = 206.06 SOMM |
1 IO = 412.13 SOMM |
5 IO = 2,060.63 SOMM |
10 IO = 4,121.26 SOMM |
50 IO = 20,606.30 SOMM |
100 IO = 41,212.61 SOMM |
500 IO = 206,063.04 SOMM |
1,000 IO = 412,126.08 SOMM |
SOMM to IO values from Today at 12:39 am
0.5 SOMM = 0.001213 IO |
1 SOMM = 0.002426 IO |
5 SOMM = 0.01213 IO |
10 SOMM = 0.02426 IO |
50 SOMM = 0.1213 IO |
100 SOMM = 0.2426 IO |
500 SOMM = 1.21 IO |
1,000 SOMM = 2.43 IO |
IO to SOMM over time
IO | Today | 24H -9.45% | 1M 12.07% | 1Y -39.32% |
|---|---|---|---|---|
0.5 IO | 206.06 SOMM | 225.54 SOMM | 181.19 SOMM | 287.08 SOMM |
1 IO | 412.13 SOMM | 451.07 SOMM | 362.37 SOMM | 574.17 SOMM |
5 IO | 2,060.63 SOMM | 2,255.37 SOMM | 1,811.86 SOMM | 2,870.83 SOMM |
10 IO | 4,121.26 SOMM | 4,510.74 SOMM | 3,623.73 SOMM | 5,741.65 SOMM |
50 IO | 20,606.30 SOMM | 22,553.69 SOMM | 18,118.65 SOMM | 28,708.25 SOMM |
100 IO | 41,212.61 SOMM | 45,107.38 SOMM | 36,237.30 SOMM | 57,416.50 SOMM |
500 IO | 206,063.04 SOMM | 225,536.91 SOMM | 181,186.49 SOMM | 287,082.51 SOMM |
1,000 IO | 412,126.08 SOMM | 451,073.81 SOMM | 362,372.97 SOMM | 574,165.01 SOMM |
Frequently asked questions
Right now, 1 io.net is worth about CA$0.1947.
Based on the current rate, you could get 5.14 IO for 1 CAD.
io.net price has been on the rise. Since yesterday, the exchange rate of io.net has increased. Since last month, the exchange rate of io.net has decreased. Since this time last year, the price of io.net has decreased.
You can use our IO to CAD calculator at the top of this page to convert any amount of IO to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 25.68 IO. Inversely, 5 IO will cost about CA$0.9733
io.net is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy io.net.
There are a number of crypto assets that have the a similar or comparable market cap to io.net, including Zilliqa, Enjin Coin, and Bio Protocol. For a more robust list of assets to explore, jump to the asset page dedicated to io.net.
Buy io.net with Coinbase
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