Convert Sommelier SOMM to Solomon Islands Dollar SBD
SOMM to SBD: 1 Sommelier converts to SBD 0.003756 SBD as of October 1 at 5:44 AM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is SBD 0.003756 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of SBD 1,407,759.62. The amount of Sommelier traded has risen by SBD 12,794.21 in the last 24 hours, which is a 5,748.51% increase. Additionally, in the last day, SBD 222.57 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is SBD 0.003756 SBD. In other words, to buy 5 Sommelier, it would cost you SBD 0.01878 SBD. Inversely, SBD 1.00 SBD would allow you to trade for 266.24 SOMM while SBD 50.00 SBD would convert to 13,311.81 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 13.86%. Meanwhile, in the last 24 hours, the rate has changed by 8.08%, and that the highest exchange rate of 1 SOMM to SBD was SBD 0.004105 SBD and the lowest 24 hour value was 1 SOMM for SBD 0.003747 SBD. Last month, 1 SOMM was worth SBD 0.003118 SBD. Today, it's up 20.76%. Looking back a year, Sommelier has changed by SBD 0.03993 SBD. That means that in a single year, the value of Sommelier has shrank by 90.28%.
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 SBD values from Today at 5:44 am
0.5 SOMM = SBD 0.001878 SBD |
1 SOMM = SBD 0.003756 SBD |
5 SOMM = SBD 0.01878 SBD |
10 SOMM = SBD 0.03756 SBD |
50 SOMM = SBD 0.1878 SBD |
100 SOMM = SBD 0.3756 SBD |
500 SOMM = SBD 1.88 SBD |
1,000 SOMM = SBD 3.76 SBD |
SBD to SOMM values from Today at 5:45 am
SBD 0.50 SBD = 133.12 SOMM |
SBD 1.00 SBD = 266.24 SOMM |
SBD 5.00 SBD = 1,331.18 SOMM |
SBD 10.00 SBD = 2,662.36 SOMM |
SBD 50.00 SBD = 13,311.81 SOMM |
SBD 100.00 SBD = 26,623.63 SOMM |
SBD 500.00 SBD = 133,118.13 SOMM |
SBD 1,000.00 SBD = 266,236.25 SOMM |
SOMM to SBD over time
SOMM | Today | 24H -103,547.65% | 1M -78,631.65% | 1Y -1,008,250.87% |
|---|---|---|---|---|
0.5 SOMM | SBD 0.001878 SBD | SBD 0.002052 SBD | SBD 0.001559 SBD | SBD 0.01997 SBD |
1 SOMM | SBD 0.003756 SBD | SBD 0.004105 SBD | SBD 0.003118 SBD | SBD 0.03993 SBD |
5 SOMM | SBD 0.01878 SBD | SBD 0.02052 SBD | SBD 0.01559 SBD | SBD 0.1997 SBD |
10 SOMM | SBD 0.03756 SBD | SBD 0.04105 SBD | SBD 0.03118 SBD | SBD 0.3993 SBD |
50 SOMM | SBD 0.1878 SBD | SBD 0.2052 SBD | SBD 0.1559 SBD | SBD 2.00 SBD |
100 SOMM | SBD 0.3756 SBD | SBD 0.4105 SBD | SBD 0.3118 SBD | SBD 3.99 SBD |
500 SOMM | SBD 1.88 SBD | SBD 2.05 SBD | SBD 1.56 SBD | SBD 19.97 SBD |
1,000 SOMM | SBD 3.76 SBD | SBD 4.10 SBD | SBD 3.12 SBD | SBD 39.93 SBD |
Frequently asked questions
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