Convert Sommelier SOMM to Norwegian Krone NOK
SOMM to NOK: 1 Sommelier converts to NOK 0.002297 NOK as of October 28 at 1:47 PM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is NOK 0.002297 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of NOK 860,787.71. The amount of Sommelier traded has risen by NOK 1,007.55 in the last 24 hours, which is a 95.19% increase. Additionally, in the last day, NOK 1,058.48 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is NOK 0.002297 NOK. In other words, to buy 5 Sommelier, it would cost you NOK 0.011485 NOK. Inversely, NOK 1.00 NOK would allow you to trade for 435.35 SOMM while NOK 50.00 NOK would convert to 21,767.35 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.41%. Meanwhile, in the last 24 hours, the rate has changed by 6%, which means that the highest exchange rate of 1 SOMM to NOK was NOK 0.002452 NOK and the lowest 24 hour value was 1 SOMM for NOK 0.002085 NOK. Last month, 1 SOMM was worth NOK 0.005055 NOK. Today, it's down 53.46%. Looking back a year, Sommelier has changed by NOK 0.01684 NOK. That means that in a single year, the value of Sommelier has shrank by 85.3%.
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 NOK values from Today at 1:47 pm
0.5 SOMM = NOK 0.001149 NOK |
1 SOMM = NOK 0.002297 NOK |
5 SOMM = NOK 0.01149 NOK |
10 SOMM = NOK 0.02297 NOK |
50 SOMM = NOK 0.1149 NOK |
100 SOMM = NOK 0.2297 NOK |
500 SOMM = NOK 1.15 NOK |
1,000 SOMM = NOK 2.30 NOK |
NOK to SOMM values from Today at 11:08 am
NOK 0.50 NOK = 217.67 SOMM |
NOK 1.00 NOK = 435.35 SOMM |
NOK 5.00 NOK = 2,176.73 SOMM |
NOK 10.00 NOK = 4,353.47 SOMM |
NOK 50.00 NOK = 21,767.35 SOMM |
NOK 100.00 NOK = 43,534.70 SOMM |
NOK 500.00 NOK = 217,673.48 SOMM |
NOK 1,000.00 NOK = 435,346.97 SOMM |
SOMM to NOK over time
SOMM | Today | 24H 100.00% | 1M 100.00% | 1Y 99.99% |
|---|---|---|---|---|
0.5 SOMM | NOK 0.001149 NOK | NOK 0.001226 NOK | NOK 0.002527 NOK | NOK 0.008421 NOK |
1 SOMM | NOK 0.002297 NOK | NOK 0.002451 NOK | NOK 0.005055 NOK | NOK 0.01684 NOK |
5 SOMM | NOK 0.01149 NOK | NOK 0.01226 NOK | NOK 0.02527 NOK | NOK 0.08421 NOK |
10 SOMM | NOK 0.02297 NOK | NOK 0.02451 NOK | NOK 0.05055 NOK | NOK 0.1684 NOK |
50 SOMM | NOK 0.1149 NOK | NOK 0.1226 NOK | NOK 0.2527 NOK | NOK 0.8421 NOK |
100 SOMM | NOK 0.2297 NOK | NOK 0.2451 NOK | NOK 0.5055 NOK | NOK 1.68 NOK |
500 SOMM | NOK 1.15 NOK | NOK 1.23 NOK | NOK 2.53 NOK | NOK 8.42 NOK |
1,000 SOMM | NOK 2.30 NOK | NOK 2.45 NOK | NOK 5.05 NOK | NOK 16.84 NOK |
Frequently asked questions
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