Convert Sommelier SOMM to Papua New Guinean Kina PGK
SOMM to PGK: 1 Sommelier converts to PGK 0.002177 PGK as of September 23 at 11:20 AM
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is PGK 0.002177 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of PGK 815,927.52. The amount of Sommelier traded has fallen by -PGK 32.05 in the last 24 hours, which is a 95.17% decrease. Additionally, in the last day, PGK 33.68 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is PGK 0.002177 PGK. In other words, to buy 5 Sommelier, it would cost you PGK 0.010885 PGK. Inversely, PGK 1.00 PGK would allow you to trade for 459.35 SOMM while PGK 50.00 PGK would convert to 22,967.53 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 28.69%. Meanwhile, in the last 24 hours, the rate has changed by 4.29%, which means that the highest exchange rate of 1 SOMM to PGK was PGK 0.00219 PGK and the lowest 24 hour value was 1 SOMM for PGK 0.002064 PGK. Last month, 1 SOMM was worth PGK 0.001474 PGK. Today, it's up 46.54%. Looking back a year, Sommelier has changed by PGK 0.01302 PGK. That means that in a single year, the value of Sommelier has shrank by 84.36%.
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 PGK values from Today at 11:20 am
0.5 SOMM = PGK 0.001088 PGK |
1 SOMM = PGK 0.002177 PGK |
5 SOMM = PGK 0.01088 PGK |
10 SOMM = PGK 0.02177 PGK |
50 SOMM = PGK 0.1088 PGK |
100 SOMM = PGK 0.2177 PGK |
500 SOMM = PGK 1.09 PGK |
1,000 SOMM = PGK 2.18 PGK |
PGK to SOMM values from Today at
PGK 0.50 PGK = 229.68 SOMM |
PGK 1.00 PGK = 459.35 SOMM |
PGK 5.00 PGK = 2,296.75 SOMM |
PGK 10.00 PGK = 4,593.51 SOMM |
PGK 50.00 PGK = 22,967.53 SOMM |
PGK 100.00 PGK = 45,935.05 SOMM |
PGK 500.00 PGK = 229,675.27 SOMM |
PGK 1,000.00 PGK = 459,350.53 SOMM |
SOMM to PGK over time
SOMM | Today | 24H 4.32% | 1M 32.31% | 1Y -498.11% |
|---|---|---|---|---|
0.5 SOMM | PGK 0.001088 PGK | PGK 0.001041 PGK | PGK 0.0007368 PGK | PGK 0.00651 PGK |
1 SOMM | PGK 0.002177 PGK | PGK 0.002083 PGK | PGK 0.001474 PGK | PGK 0.01302 PGK |
5 SOMM | PGK 0.01088 PGK | PGK 0.01041 PGK | PGK 0.007368 PGK | PGK 0.0651 PGK |
10 SOMM | PGK 0.02177 PGK | PGK 0.02083 PGK | PGK 0.01474 PGK | PGK 0.1302 PGK |
50 SOMM | PGK 0.1088 PGK | PGK 0.1041 PGK | PGK 0.07368 PGK | PGK 0.651 PGK |
100 SOMM | PGK 0.2177 PGK | PGK 0.2083 PGK | PGK 0.1474 PGK | PGK 1.30 PGK |
500 SOMM | PGK 1.09 PGK | PGK 1.04 PGK | PGK 0.7368 PGK | PGK 6.51 PGK |
1,000 SOMM | PGK 2.18 PGK | PGK 2.08 PGK | PGK 1.47 PGK | PGK 13.02 PGK |
Frequently asked questions
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