Convert Sommelier SOMM to Norwegian Krone NOK
SOMM to NOK: 1 Sommelier converts to NOK 0.002422 NOK as of November 4 at 9:14 AM
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is NOK 0.002422 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of NOK 907,794.23. The amount of Sommelier traded has fallen by -NOK 61.51 in the last 24 hours, which is a 95.43% decrease. Additionally, in the last day, NOK 64.46 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is NOK 0.002422 NOK. In other words, to buy 5 Sommelier, it would cost you NOK 0.012109 NOK. Inversely, NOK 1.00 NOK would allow you to trade for 412.90 SOMM while NOK 50.00 NOK would convert to 20,644.98 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 15.54%. Meanwhile, in the last 24 hours, the rate has changed by 0.41%, which means that the highest exchange rate of 1 SOMM to NOK was NOK 0.002495 NOK and the lowest 24 hour value was 1 SOMM for NOK 0.002392 NOK. Last month, 1 SOMM was worth NOK 0.004024 NOK. Today, it's down 36.66%. Looking back a year, Sommelier has changed by NOK 0.01119 NOK. That means that in a single year, the value of Sommelier has shrank by 75.81%.
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 NOK values from Today at 9:14 am
0.5 SOMM = NOK 0.001211 NOK |
1 SOMM = NOK 0.002422 NOK |
5 SOMM = NOK 0.01211 NOK |
10 SOMM = NOK 0.02422 NOK |
50 SOMM = NOK 0.1211 NOK |
100 SOMM = NOK 0.2422 NOK |
500 SOMM = NOK 1.21 NOK |
1,000 SOMM = NOK 2.42 NOK |
NOK to SOMM values from Today at 1:47 am
NOK 0.50 NOK = 206.45 SOMM |
NOK 1.00 NOK = 412.90 SOMM |
NOK 5.00 NOK = 2,064.50 SOMM |
NOK 10.00 NOK = 4,129.00 SOMM |
NOK 50.00 NOK = 20,644.98 SOMM |
NOK 100.00 NOK = 41,289.95 SOMM |
NOK 500.00 NOK = 206,449.76 SOMM |
NOK 1,000.00 NOK = 412,899.53 SOMM |
SOMM to NOK over time
SOMM | Today | 24H 100.00% | 1M 100.00% | 1Y 99.99% |
|---|---|---|---|---|
0.5 SOMM | NOK 0.001211 NOK | NOK 0.001218 NOK | NOK 0.002012 NOK | NOK 0.005593 NOK |
1 SOMM | NOK 0.002422 NOK | NOK 0.002436 NOK | NOK 0.004024 NOK | NOK 0.01119 NOK |
5 SOMM | NOK 0.01211 NOK | NOK 0.01218 NOK | NOK 0.02012 NOK | NOK 0.05593 NOK |
10 SOMM | NOK 0.02422 NOK | NOK 0.02436 NOK | NOK 0.04024 NOK | NOK 0.1119 NOK |
50 SOMM | NOK 0.1211 NOK | NOK 0.1218 NOK | NOK 0.2012 NOK | NOK 0.5593 NOK |
100 SOMM | NOK 0.2422 NOK | NOK 0.2436 NOK | NOK 0.4024 NOK | NOK 1.12 NOK |
500 SOMM | NOK 1.21 NOK | NOK 1.22 NOK | NOK 2.01 NOK | NOK 5.59 NOK |
1,000 SOMM | NOK 2.42 NOK | NOK 2.44 NOK | NOK 4.02 NOK | NOK 11.19 NOK |
Frequently asked questions
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