Convert Sommelier SOMM to Solomon Islands Dollar SBD
SOMM to SBD: 1 Sommelier converts to SBD 0.001944 SBD as of November 6 at 12:04 PM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is SBD 0.001944 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of SBD 728,427.95. The amount of Sommelier traded has risen by SBD 97,785.76 in the last 24 hours, which is a 22,992.63% increase. Additionally, in the last day, SBD 425.29 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is SBD 0.001944 SBD. In other words, to buy 5 Sommelier, it would cost you SBD 0.009718 SBD. Inversely, SBD 1.00 SBD would allow you to trade for 514.53 SOMM while SBD 50.00 SBD would convert to 25,726.41 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 12.56%. Meanwhile, in the last 24 hours, the rate has changed by 4.63%, which means that the highest exchange rate of 1 SOMM to SBD was SBD 0.002105 SBD and the lowest 24 hour value was 1 SOMM for SBD 0.001866 SBD. Last month, 1 SOMM was worth SBD 0.003187 SBD. Today, it's down 38.38%. Looking back a year, Sommelier has changed by SBD 0.01191 SBD. That means that in a single year, the value of Sommelier has shrank by 83.15%.
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 12:04 pm
0.5 SOMM = SBD 0.0009718 SBD |
1 SOMM = SBD 0.001944 SBD |
5 SOMM = SBD 0.009718 SBD |
10 SOMM = SBD 0.01944 SBD |
50 SOMM = SBD 0.09718 SBD |
100 SOMM = SBD 0.1944 SBD |
500 SOMM = SBD 0.9718 SBD |
1,000 SOMM = SBD 1.94 SBD |
SBD to SOMM values from Today at 12:04 pm
SBD 0.50 SBD = 257.26 SOMM |
SBD 1.00 SBD = 514.53 SOMM |
SBD 5.00 SBD = 2,572.64 SOMM |
SBD 10.00 SBD = 5,145.28 SOMM |
SBD 50.00 SBD = 25,726.41 SOMM |
SBD 100.00 SBD = 51,452.82 SOMM |
SBD 500.00 SBD = 257,264.11 SOMM |
SBD 1,000.00 SBD = 514,528.23 SOMM |
SOMM to SBD over time
SOMM | Today | 24H -74,463.48% | 1M -115,635.95% | 1Y -432,320.21% |
|---|---|---|---|---|
0.5 SOMM | SBD 0.0009718 SBD | SBD 0.001027 SBD | SBD 0.001593 SBD | SBD 0.005953 SBD |
1 SOMM | SBD 0.001944 SBD | SBD 0.002053 SBD | SBD 0.003187 SBD | SBD 0.01191 SBD |
5 SOMM | SBD 0.009718 SBD | SBD 0.01027 SBD | SBD 0.01593 SBD | SBD 0.05953 SBD |
10 SOMM | SBD 0.01944 SBD | SBD 0.02053 SBD | SBD 0.03187 SBD | SBD 0.1191 SBD |
50 SOMM | SBD 0.09718 SBD | SBD 0.1027 SBD | SBD 0.1593 SBD | SBD 0.5953 SBD |
100 SOMM | SBD 0.1944 SBD | SBD 0.2053 SBD | SBD 0.3187 SBD | SBD 1.19 SBD |
500 SOMM | SBD 0.9718 SBD | SBD 1.03 SBD | SBD 1.59 SBD | SBD 5.95 SBD |
1,000 SOMM | SBD 1.94 SBD | SBD 2.05 SBD | SBD 3.19 SBD | SBD 11.91 SBD |
Frequently asked questions
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