Convert Sommelier SOMM to Canadian Dollar CAD
SOMM to CAD: 1 Sommelier converts to CA$0.0005468 CAD as of October 7 at 12:05 PM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is CA$0.0005468 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of CA$204,964.48. The amount of Sommelier traded has fallen by -CA$13.01 in the last 24 hours, which is a 58.81% decrease. Additionally, in the last day, CA$22.12 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CA$0.0005468 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.0027342 CAD. Inversely, CA$1.00 CAD would allow you to trade for 1,828.70 SOMM while CA$50.00 CAD would convert to 91,435.03 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 22%. Meanwhile, in the last 24 hours, the rate has changed by 2.53%, and that the highest exchange rate of 1 SOMM to CAD was CA$0.0005635 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0005367 CAD. Last month, 1 SOMM was worth CA$0.0004801 CAD. Today, it's up 10.25%. Looking back a year, Sommelier has changed by CA$0.00472 CAD. That means that in a single year, the value of Sommelier has shrank by 88.67%.
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 12:05 pm
0.5 SOMM = CA$0.0002734 CAD |
1 SOMM = CA$0.0005468 CAD |
5 SOMM = CA$0.002734 CAD |
10 SOMM = CA$0.005468 CAD |
50 SOMM = CA$0.02734 CAD |
100 SOMM = CA$0.05468 CAD |
500 SOMM = CA$0.2734 CAD |
1,000 SOMM = CA$0.5468 CAD |
CAD to SOMM values from Today at
CA$0.50 CAD = 914.35 SOMM |
CA$1.00 CAD = 1,828.70 SOMM |
CA$5.00 CAD = 9,143.50 SOMM |
CA$10.00 CAD = 18,287.01 SOMM |
CA$50.00 CAD = 91,435.03 SOMM |
CA$100.00 CAD = 182,870.05 SOMM |
CA$500.00 CAD = 914,350.27 SOMM |
CA$1,000.00 CAD = 1,828,700.54 SOMM |
SOMM to CAD over time
SOMM | Today | 24H -2.41% | 1M 12.20% | 1Y -763.11% |
|---|---|---|---|---|
0.5 SOMM | CA$0.0002734 CAD | CA$0.00028 CAD | CA$0.0002401 CAD | CA$0.00236 CAD |
1 SOMM | CA$0.0005468 CAD | CA$0.00056 CAD | CA$0.0004801 CAD | CA$0.00472 CAD |
5 SOMM | CA$0.002734 CAD | CA$0.0028 CAD | CA$0.002401 CAD | CA$0.0236 CAD |
10 SOMM | CA$0.005468 CAD | CA$0.0056 CAD | CA$0.004801 CAD | CA$0.0472 CAD |
50 SOMM | CA$0.02734 CAD | CA$0.028 CAD | CA$0.02401 CAD | CA$0.236 CAD |
100 SOMM | CA$0.05468 CAD | CA$0.056 CAD | CA$0.04801 CAD | CA$0.472 CAD |
500 SOMM | CA$0.2734 CAD | CA$0.28 CAD | CA$0.2401 CAD | CA$2.36 CAD |
1,000 SOMM | CA$0.5468 CAD | CA$0.56 CAD | CA$0.4801 CAD | CA$4.72 CAD |
Frequently asked questions
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