Question 1

What is SOMI?

Accepted Answer

SOMI is the native token of Somnia Network: it is both the unit of account and payment asset for Gas fees when the network executes transactions and smart contracts, and the asset used for validator staking and delegation. Accordingly, SOMI's uses correspond to network resource usage and network participation, rather than merely serving as an on-chain transfer object. When users initiate a transfer or call a contract, the transaction consumes network computing resources; the party submitting the transaction pays the applicable Gas fee in SOMI. Parties seeking to participate in network validation must stake SOMI according to network rules; token holders who do not run a validator themselves may choose to delegate their tokens to a validator.

Question 2

Why is SOMI needed to use the Somnia network, and how are fees determined?

Accepted Answer

On Somnia, SOMI is used to pay Gas fees because transfers and smart contract execution consume network resources. Having the user who initiates a transaction pay the fee makes the actual user bear the resource cost and raises the cost of repeatedly submitting invalid or malicious transactions. The cost ultimately paid by a user depends on the Gas actually required to execute that transaction and the applicable Gas pricing; contract calls usually involve more execution steps than simple transfers, so the fee for one transaction cannot be treated as a fixed price for all operations. After payment, fees are handled between validator distribution and burning as specified by the protocol.

Question 3

How are Somnia network transaction fees distributed and burned?

Accepted Answer

Somnia allocates each network transaction fee paid in SOMI on a 50% and 50% basis: one half is distributed to validators, and the other half is permanently burned. In other words, fees do not all go to validators, nor do they all automatically reduce supply. The portion received by validators is linked to their role in maintaining the network; the burned portion is removed from token supply. The actual amount burned depends on transaction fees actually paid during a given period, so it changes with network use and transaction execution and cannot be derived from a fixed total supply alone.

Question 4

How can holders participate in SOMI staking through delegation?

Accepted Answer

Participants can stake SOMI as validators or delegate SOMI to validators. Validators participate in network validation; delegators do not need to run a validator themselves, but their participation outcome depends on the arrangements of the validator to which they delegate. Rewards are not generated automatically from simply holding SOMI. After validators receive rewards associated with their validation activity, they share them with delegators according to their configured reward-sharing ratio; therefore, it is necessary to understand a validator's sharing settings and delegation conditions before delegating.

Question 5

What is the difference between SOMI's total supply, allocation, and unlocks?

Accepted Answer

SOMI has a fixed total supply of 1 billion tokens. The official allocation assigns it across categories including community, ecosystem, launch partners, investors, team, and advisors; “fixed total supply” describes the cap and does not mean all tokens are freely circulating at the same time. Each allocation category has its own unlock schedule. Tokens have been assigned to their respective categories at allocation, while unlocking determines when tokens in those categories become available according to the schedule; therefore, supply analysis needs to distinguish between fixed total supply, allocated quantity, and unlocked circulating quantity, rather than conflating them.

Somnia (SOMI) Price

Price of Somnia (SOMI) Today in USD