Convert Sommelier SOMM to Canadian Dollar CAD
SOMM to CAD: 1 Sommelier converts to CA$0.0003046 CAD as of October 30 at 4:57 AM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is CA$0.0003046 per SOMM. With a circulating supply of 0 SOMM, it means that Sommelier has a total market cap of CA$114,162.44. The amount of Sommelier traded has fallen by -CA$32.06 in the last 24 hours, which is a 73.99% decrease. Additionally, in the last day, CA$43.33 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CA$0.0003046 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.001523 CAD. Inversely, CA$1.00 CAD would allow you to trade for 3,283.04 SOMM while CA$50.00 CAD would convert to 164,152.20 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.86%. Meanwhile, in the last 24 hours, the rate has changed by 2.11%, and that the highest exchange rate of 1 SOMM to CAD was CA$0.0003265 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0002812 CAD. Last month, 1 SOMM was worth CA$0.0007255 CAD. Today, it's down 57.14%. Looking back a year, Sommelier has changed by CA$0.001998 CAD. That means that in a single year, the value of Sommelier has shrank by 84.67%.
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 4:57 am
0.5 SOMM = CA$0.0001523 CAD |
1 SOMM = CA$0.0003046 CAD |
5 SOMM = CA$0.001523 CAD |
10 SOMM = CA$0.003046 CAD |
50 SOMM = CA$0.01523 CAD |
100 SOMM = CA$0.03046 CAD |
500 SOMM = CA$0.1523 CAD |
1,000 SOMM = CA$0.3046 CAD |
CAD to SOMM values from Today at
CA$0.50 CAD = 1,641.52 SOMM |
CA$1.00 CAD = 3,283.04 SOMM |
CA$5.00 CAD = 16,415.22 SOMM |
CA$10.00 CAD = 32,830.44 SOMM |
CA$50.00 CAD = 164,152.20 SOMM |
CA$100.00 CAD = 328,304.39 SOMM |
CA$500.00 CAD = 1,641,521.97 SOMM |
CA$1,000.00 CAD = 3,283,043.95 SOMM |
SOMM to CAD over time
SOMM | Today | 24H -2.72% | 1M -138.18% | 1Y -556.02% |
|---|---|---|---|---|
0.5 SOMM | CA$0.0001523 CAD | CA$0.0001564 CAD | CA$0.0003627 CAD | CA$0.0009991 CAD |
1 SOMM | CA$0.0003046 CAD | CA$0.0003129 CAD | CA$0.0007255 CAD | CA$0.001998 CAD |
5 SOMM | CA$0.001523 CAD | CA$0.001564 CAD | CA$0.003627 CAD | CA$0.009991 CAD |
10 SOMM | CA$0.003046 CAD | CA$0.003129 CAD | CA$0.007255 CAD | CA$0.01998 CAD |
50 SOMM | CA$0.01523 CAD | CA$0.01564 CAD | CA$0.03627 CAD | CA$0.09991 CAD |
100 SOMM | CA$0.03046 CAD | CA$0.03129 CAD | CA$0.07255 CAD | CA$0.1998 CAD |
500 SOMM | CA$0.1523 CAD | CA$0.1564 CAD | CA$0.3627 CAD | CA$0.9991 CAD |
1,000 SOMM | CA$0.3046 CAD | CA$0.3129 CAD | CA$0.7255 CAD | CA$2.00 CAD |
Frequently asked questions
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