Convert Sommelier SOMM to Norwegian Krone NOK
SOMM to NOK: 1 Sommelier converts to NOK 0.002119 NOK as of November 2 at 3:18 PM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is NOK 0.002119 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of NOK 794,280.34. The amount of Sommelier traded has fallen by -NOK 28.94 in the last 24 hours, which is a 95.02% decrease. Additionally, in the last day, NOK 30.45 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is NOK 0.002119 NOK. In other words, to buy 5 Sommelier, it would cost you NOK 0.010596 NOK. Inversely, NOK 1.00 NOK would allow you to trade for 471.87 SOMM while NOK 50.00 NOK would convert to 23,593.72 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 4.56%. Meanwhile, in the last 24 hours, the rate has changed by 0.81%, and that the highest exchange rate of 1 SOMM to NOK was NOK 0.002172 NOK and the lowest 24 hour value was 1 SOMM for NOK 0.002088 NOK. Last month, 1 SOMM was worth NOK 0.003939 NOK. Today, it's down 44.52%. Looking back a year, Sommelier has changed by NOK 0.01173 NOK. That means that in a single year, the value of Sommelier has shrank by 80.4%.
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 3:18 pm
0.5 SOMM = NOK 0.00106 NOK |
1 SOMM = NOK 0.002119 NOK |
5 SOMM = NOK 0.0106 NOK |
10 SOMM = NOK 0.02119 NOK |
50 SOMM = NOK 0.106 NOK |
100 SOMM = NOK 0.2119 NOK |
500 SOMM = NOK 1.06 NOK |
1,000 SOMM = NOK 2.12 NOK |
NOK to SOMM values from Today at 4:59 pm
NOK 0.50 NOK = 235.94 SOMM |
NOK 1.00 NOK = 471.87 SOMM |
NOK 5.00 NOK = 2,359.37 SOMM |
NOK 10.00 NOK = 4,718.74 SOMM |
NOK 50.00 NOK = 23,593.72 SOMM |
NOK 100.00 NOK = 47,187.43 SOMM |
NOK 500.00 NOK = 235,937.17 SOMM |
NOK 1,000.00 NOK = 471,874.33 SOMM |
SOMM to NOK over time
SOMM | Today | 24H 100.00% | 1M 100.00% | 1Y 99.99% |
|---|---|---|---|---|
0.5 SOMM | NOK 0.00106 NOK | NOK 0.001053 NOK | NOK 0.001969 NOK | NOK 0.005863 NOK |
1 SOMM | NOK 0.002119 NOK | NOK 0.002107 NOK | NOK 0.003939 NOK | NOK 0.01173 NOK |
5 SOMM | NOK 0.0106 NOK | NOK 0.01053 NOK | NOK 0.01969 NOK | NOK 0.05863 NOK |
10 SOMM | NOK 0.02119 NOK | NOK 0.02107 NOK | NOK 0.03939 NOK | NOK 0.1173 NOK |
50 SOMM | NOK 0.106 NOK | NOK 0.1053 NOK | NOK 0.1969 NOK | NOK 0.5863 NOK |
100 SOMM | NOK 0.2119 NOK | NOK 0.2107 NOK | NOK 0.3939 NOK | NOK 1.17 NOK |
500 SOMM | NOK 1.06 NOK | NOK 1.05 NOK | NOK 1.97 NOK | NOK 5.86 NOK |
1,000 SOMM | NOK 2.12 NOK | NOK 2.11 NOK | NOK 3.94 NOK | NOK 11.73 NOK |
Frequently asked questions
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