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About SOMM and GTC
Sommelier is climbing, while Gitcoin is falling this week. The current SOMM to GTC conversion rate is 0.005259. Inversely, this means that if you convert 1 GTC you will get 190.13 SOMM. The conversion rate of SOMM/GTC has decreased by 0.38% in the last hour (GTC/SOMM increased by 0.38%). In the last 24 hours, SOMM/GTC grew by 0.51%, while GTC/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.005259 GTC. In other words, to buy 5 Sommelier, it would cost you 0.026297 GTC. Inversely, 1 GTC would allow you to trade for 190.13 SOMM while 50 GTC would convert to 9,506.63 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 37.24%. Meanwhile, in the last 24 hours, the rate has changed by 0.04%, and that the highest exchange rate of 1 SOMM to GTC was 0.005305 GTC and the lowest 24 hour value was 1 SOMM for 0.005137 GTC. Last month, 1 SOMM was worth 0.00635 GTC. Today, it's down 20.74%. Looking back a year, Sommelier has changed by 0.005056 GTC. That means that in a single year, the value of Sommelier has grown by 3.87%.
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.
Gitcoin Market Stats
Gitcoin (GTC) is an Ethereum token that enables community governance of the Gitcoin platform. The platform is designed to fund and coordinate open source development by novel means such as quadratic funding. As of June 2021, Gitcoin has facilitated over $21 million in grants and bounties for open source developers.
Conversion tables
SOMM to GTC values from Today at 4:31 pm
0.5 SOMM = 0.00263 GTC |
1 SOMM = 0.005259 GTC |
5 SOMM = 0.0263 GTC |
10 SOMM = 0.05259 GTC |
50 SOMM = 0.263 GTC |
100 SOMM = 0.5259 GTC |
500 SOMM = 2.63 GTC |
1,000 SOMM = 5.26 GTC |
GTC to SOMM values from Today at 4:35 pm
0.5 GTC = 95.07 SOMM |
1 GTC = 190.13 SOMM |
5 GTC = 950.66 SOMM |
10 GTC = 1,901.33 SOMM |
50 GTC = 9,506.63 SOMM |
100 GTC = 19,013.25 SOMM |
500 GTC = 95,066.27 SOMM |
1,000 GTC = 190,132.53 SOMM |
SOMM to GTC over time
SOMM | Today | 24H 0.04% | 1M -20.74% | 1Y 3.87% |
|---|---|---|---|---|
0.5 SOMM | 0.00263 GTC | 0.002629 GTC | 0.003175 GTC | 0.002528 GTC |
1 SOMM | 0.005259 GTC | 0.005258 GTC | 0.00635 GTC | 0.005056 GTC |
5 SOMM | 0.0263 GTC | 0.02629 GTC | 0.03175 GTC | 0.02528 GTC |
10 SOMM | 0.05259 GTC | 0.05258 GTC | 0.0635 GTC | 0.05056 GTC |
50 SOMM | 0.263 GTC | 0.2629 GTC | 0.3175 GTC | 0.2528 GTC |
100 SOMM | 0.5259 GTC | 0.5258 GTC | 0.635 GTC | 0.5056 GTC |
500 SOMM | 2.63 GTC | 2.63 GTC | 3.18 GTC | 2.53 GTC |
1,000 SOMM | 5.26 GTC | 5.26 GTC | 6.35 GTC | 5.06 GTC |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.000365.
Based on the current rate, you could get 2,739.66 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 13,698.31 SOMM. Inversely, 5 SOMM will cost about $0.001825
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 Titi Financial, Bullit, and Web3 Doge. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.