Convert Sommelier SOMM to Real BRL
SOMM to BRL: 1 Sommelier converts to R$0.00239 BRL as of September 22 at 12:23 PM
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is R$0.00239 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of R$896,021.74. The amount of Sommelier traded has risen by R$14,724.39 in the last 24 hours, which is a 1,861.07% increase. Additionally, in the last day, R$791.18 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is R$0.00239 BRL. In other words, to buy 5 Sommelier, it would cost you R$0.011952 BRL. Inversely, R$1.00 BRL would allow you to trade for 418.34 SOMM while R$50.00 BRL would convert to 20,917.14 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 30.88%. Meanwhile, in the last 24 hours, the rate has changed by 21.19%, which means that the highest exchange rate of 1 SOMM to BRL was R$0.002416 BRL and the lowest 24 hour value was 1 SOMM for R$0.001883 BRL. Last month, 1 SOMM was worth R$0.001901 BRL. Today, it's up 25.69%. Looking back a year, Sommelier has changed by R$0.01595 BRL. That means that in a single year, the value of Sommelier has shrank by 84.61%.
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 BRL values from Today at 12:23 pm
0.5 SOMM = R$0.001195 BRL |
1 SOMM = R$0.00239 BRL |
5 SOMM = R$0.01195 BRL |
10 SOMM = R$0.0239 BRL |
50 SOMM = R$0.1195 BRL |
100 SOMM = R$0.239 BRL |
500 SOMM = R$1.20 BRL |
1,000 SOMM = R$2.39 BRL |
BRL to SOMM values from Today at 12:24 pm
R$0.50 BRL = 209.17 SOMM |
R$1.00 BRL = 418.34 SOMM |
R$5.00 BRL = 2,091.71 SOMM |
R$10.00 BRL = 4,183.43 SOMM |
R$50.00 BRL = 20,917.14 SOMM |
R$100.00 BRL = 41,834.28 SOMM |
R$500.00 BRL = 209,171.38 SOMM |
R$1,000.00 BRL = 418,342.76 SOMM |
SOMM to BRL over time
SOMM | Today | 24H 98.90% | 1M 98.93% | 1Y 91.03% |
|---|---|---|---|---|
0.5 SOMM | R$0.001195 BRL | R$0.0009768 BRL | R$0.0009503 BRL | R$0.007977 BRL |
1 SOMM | R$0.00239 BRL | R$0.001954 BRL | R$0.001901 BRL | R$0.01595 BRL |
5 SOMM | R$0.01195 BRL | R$0.009768 BRL | R$0.009503 BRL | R$0.07977 BRL |
10 SOMM | R$0.0239 BRL | R$0.01954 BRL | R$0.01901 BRL | R$0.1595 BRL |
50 SOMM | R$0.1195 BRL | R$0.09768 BRL | R$0.09503 BRL | R$0.7977 BRL |
100 SOMM | R$0.239 BRL | R$0.1954 BRL | R$0.1901 BRL | R$1.60 BRL |
500 SOMM | R$1.20 BRL | R$0.9768 BRL | R$0.9503 BRL | R$7.98 BRL |
1,000 SOMM | R$2.39 BRL | R$1.95 BRL | R$1.90 BRL | R$15.95 BRL |
Frequently asked questions
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