Convert Sommelier SOMM to Solomon Islands Dollar SBD
SOMM to SBD: 1 Sommelier converts to SBD 0.002059 SBD as of November 5 at 6:06 AM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is SBD 0.002059 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of SBD 771,695.10. The amount of Sommelier traded has fallen by -SBD 18.15 in the last 24 hours, which is a 79.65% decrease. Additionally, in the last day, SBD 22.79 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is SBD 0.002059 SBD. In other words, to buy 5 Sommelier, it would cost you SBD 0.010295 SBD. Inversely, SBD 1.00 SBD would allow you to trade for 485.68 SOMM while SBD 50.00 SBD would convert to 24,283.99 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 12.83%. Meanwhile, in the last 24 hours, the rate has changed by 2.81%, which means that the highest exchange rate of 1 SOMM to SBD was SBD 0.002162 SBD and the lowest 24 hour value was 1 SOMM for SBD 0.002069 SBD. Last month, 1 SOMM was worth SBD 0.003341 SBD. Today, it's down 37.67%. Looking back a year, Sommelier has changed by SBD 0.009564 SBD. That means that in a single year, the value of Sommelier has shrank by 77.81%.
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 SBD values from Today at 6:06 am
0.5 SOMM = SBD 0.001029 SBD |
1 SOMM = SBD 0.002059 SBD |
5 SOMM = SBD 0.01029 SBD |
10 SOMM = SBD 0.02059 SBD |
50 SOMM = SBD 0.1029 SBD |
100 SOMM = SBD 0.2059 SBD |
500 SOMM = SBD 1.03 SBD |
1,000 SOMM = SBD 2.06 SBD |
SBD to SOMM values from Today at 6:07 am
SBD 0.50 SBD = 242.84 SOMM |
SBD 1.00 SBD = 485.68 SOMM |
SBD 5.00 SBD = 2,428.40 SOMM |
SBD 10.00 SBD = 4,856.80 SOMM |
SBD 50.00 SBD = 24,283.99 SOMM |
SBD 100.00 SBD = 48,567.98 SOMM |
SBD 500.00 SBD = 242,839.91 SOMM |
SBD 1,000.00 SBD = 485,679.82 SOMM |
SOMM to SBD over time
SOMM | Today | 24H 61.17% | 1M 39.14% | 1Y -74.20% |
|---|---|---|---|---|
0.5 SOMM | SBD 0.001029 SBD | SBD 0.001066 SBD | SBD 0.001671 SBD | SBD 0.004782 SBD |
1 SOMM | SBD 0.002059 SBD | SBD 0.002132 SBD | SBD 0.003341 SBD | SBD 0.009564 SBD |
5 SOMM | SBD 0.01029 SBD | SBD 0.01066 SBD | SBD 0.01671 SBD | SBD 0.04782 SBD |
10 SOMM | SBD 0.02059 SBD | SBD 0.02132 SBD | SBD 0.03341 SBD | SBD 0.09564 SBD |
50 SOMM | SBD 0.1029 SBD | SBD 0.1066 SBD | SBD 0.1671 SBD | SBD 0.4782 SBD |
100 SOMM | SBD 0.2059 SBD | SBD 0.2132 SBD | SBD 0.3341 SBD | SBD 0.9564 SBD |
500 SOMM | SBD 1.03 SBD | SBD 1.07 SBD | SBD 1.67 SBD | SBD 4.78 SBD |
1,000 SOMM | SBD 2.06 SBD | SBD 2.13 SBD | SBD 3.34 SBD | SBD 9.56 SBD |
Frequently asked questions
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