Convert Sommelier SOMM to Azerbaijani Manat AZN
SOMM to AZN: 1 Sommelier converts to AZN 0.0004061 AZN as of November 8 at 12:33 PM
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is AZN 0.0004061 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of AZN 152,209.77. The amount of Sommelier traded has fallen by -AZN 2.49 in the last 24 hours, which is a 32.10% decrease. Additionally, in the last day, AZN 7.77 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is AZN 0.0004061 AZN. In other words, to buy 5 Sommelier, it would cost you AZN 0.0020306 AZN. Inversely, AZN 1.00 AZN would allow you to trade for 2,462.37 SOMM while AZN 50.00 AZN would convert to 123,118.49 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.33%. Meanwhile, in the last 24 hours, the rate has changed by 1.73%, which means that the highest exchange rate of 1 SOMM to AZN was AZN 0.0004088 AZN and the lowest 24 hour value was 1 SOMM for AZN 0.0003912 AZN. Last month, 1 SOMM was worth AZN 0.0005633 AZN. Today, it's down 28%. Looking back a year, Sommelier has changed by AZN 0.002386 AZN. That means that in a single year, the value of Sommelier has shrank by 83%.
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 AZN values from Today at 12:33 pm
0.5 SOMM = AZN 0.0002031 AZN |
1 SOMM = AZN 0.0004061 AZN |
5 SOMM = AZN 0.002031 AZN |
10 SOMM = AZN 0.004061 AZN |
50 SOMM = AZN 0.02031 AZN |
100 SOMM = AZN 0.04061 AZN |
500 SOMM = AZN 0.2031 AZN |
1,000 SOMM = AZN 0.4061 AZN |
AZN to SOMM values from Today at 4:23 pm
AZN 0.50 AZN = 1,231.18 SOMM |
AZN 1.00 AZN = 2,462.37 SOMM |
AZN 5.00 AZN = 12,311.85 SOMM |
AZN 10.00 AZN = 24,623.70 SOMM |
AZN 50.00 AZN = 123,118.49 SOMM |
AZN 100.00 AZN = 246,236.97 SOMM |
AZN 500.00 AZN = 1,231,184.85 SOMM |
AZN 1,000.00 AZN = 2,462,369.71 SOMM |
SOMM to AZN over time
SOMM | Today | 24H 99.93% | 1M 99.89% | 1Y 99.55% |
|---|---|---|---|---|
0.5 SOMM | AZN 0.0002031 AZN | AZN 0.0001994 AZN | AZN 0.0002817 AZN | AZN 0.001193 AZN |
1 SOMM | AZN 0.0004061 AZN | AZN 0.0003987 AZN | AZN 0.0005633 AZN | AZN 0.002386 AZN |
5 SOMM | AZN 0.002031 AZN | AZN 0.001994 AZN | AZN 0.002817 AZN | AZN 0.01193 AZN |
10 SOMM | AZN 0.004061 AZN | AZN 0.003987 AZN | AZN 0.005633 AZN | AZN 0.02386 AZN |
50 SOMM | AZN 0.02031 AZN | AZN 0.01994 AZN | AZN 0.02817 AZN | AZN 0.1193 AZN |
100 SOMM | AZN 0.04061 AZN | AZN 0.03987 AZN | AZN 0.05633 AZN | AZN 0.2386 AZN |
500 SOMM | AZN 0.2031 AZN | AZN 0.1994 AZN | AZN 0.2817 AZN | AZN 1.19 AZN |
1,000 SOMM | AZN 0.4061 AZN | AZN 0.3987 AZN | AZN 0.5633 AZN | AZN 2.39 AZN |
Frequently asked questions
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