Convert Sommelier SOMM to Canadian Dollar CAD
SOMM to CAD: 1 Sommelier converts to CA$0.0003674 CAD as of November 4 at 5:45 AM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is CA$0.0003674 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of CA$137,711.14. The amount of Sommelier traded has fallen by -CA$17.62 in the last 24 hours, which is a 90.74% decrease. Additionally, in the last day, CA$19.42 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CA$0.0003674 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.0018371 CAD. Inversely, CA$1.00 CAD would allow you to trade for 2,721.67 SOMM while CA$50.00 CAD would convert to 136,083.69 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 15.04%. Meanwhile, in the last 24 hours, the rate has changed by 1.54%, which means that the highest exchange rate of 1 SOMM to CAD was CA$0.0003737 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0003613 CAD. Last month, 1 SOMM was worth CA$0.0005802 CAD. Today, it's down 35.33%. Looking back a year, Sommelier has changed by CA$0.001546 CAD. That means that in a single year, the value of Sommelier has shrank by 75.96%.
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 CAD values from Today at 5:45 am
0.5 SOMM = CA$0.0001837 CAD |
1 SOMM = CA$0.0003674 CAD |
5 SOMM = CA$0.001837 CAD |
10 SOMM = CA$0.003674 CAD |
50 SOMM = CA$0.01837 CAD |
100 SOMM = CA$0.03674 CAD |
500 SOMM = CA$0.1837 CAD |
1,000 SOMM = CA$0.3674 CAD |
CAD to SOMM values from Today at
CA$0.50 CAD = 1,360.84 SOMM |
CA$1.00 CAD = 2,721.67 SOMM |
CA$5.00 CAD = 13,608.37 SOMM |
CA$10.00 CAD = 27,216.74 SOMM |
CA$50.00 CAD = 136,083.69 SOMM |
CA$100.00 CAD = 272,167.38 SOMM |
CA$500.00 CAD = 1,360,836.88 SOMM |
CA$1,000.00 CAD = 2,721,673.77 SOMM |
SOMM to CAD over time
SOMM | Today | 24H -1.70% | 1M -57.91% | 1Y -320.80% |
|---|---|---|---|---|
0.5 SOMM | CA$0.0001837 CAD | CA$0.0001868 CAD | CA$0.0002901 CAD | CA$0.0007731 CAD |
1 SOMM | CA$0.0003674 CAD | CA$0.0003737 CAD | CA$0.0005802 CAD | CA$0.001546 CAD |
5 SOMM | CA$0.001837 CAD | CA$0.001868 CAD | CA$0.002901 CAD | CA$0.007731 CAD |
10 SOMM | CA$0.003674 CAD | CA$0.003737 CAD | CA$0.005802 CAD | CA$0.01546 CAD |
50 SOMM | CA$0.01837 CAD | CA$0.01868 CAD | CA$0.02901 CAD | CA$0.07731 CAD |
100 SOMM | CA$0.03674 CAD | CA$0.03737 CAD | CA$0.05802 CAD | CA$0.1546 CAD |
500 SOMM | CA$0.1837 CAD | CA$0.1868 CAD | CA$0.2901 CAD | CA$0.7731 CAD |
1,000 SOMM | CA$0.3674 CAD | CA$0.3737 CAD | CA$0.5802 CAD | CA$1.55 CAD |
Frequently asked questions
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