Convert Sommelier SOMM to Singapore Dollar SGD
SOMM to SGD: 1 Sommelier converts to S$0.0012 SGD as of July 19 at 6:13 PM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is S$0.0012 per SOMM. With a circulating supply of 364,039,569 SOMM, it means that Sommelier has a total market cap of S$448,583.90. The amount of Sommelier traded has fallen by S$-150.46 in the last 24 hours, which is a 4.19% decrease. Additionally, in the last day, S$3,587.76 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is S$0.0012 SGD. In other words, to buy 5 Sommelier, it would cost you S$0.0062 SGD. Inversely, S$1.00 SGD would allow you to trade for 812.97 SOMM while S$50.00 SGD would convert to 40,648.53 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 31.14%. Meanwhile, in the last 24 hours, the rate has changed by 15.62%, and that the highest exchange rate of 1 SOMM to SGD was S$0.0015 SGD and the lowest 24 hour value was 1 SOMM for S$0.0012 SGD. Last month, 1 SOMM was worth S$0.0017 SGD. Today, it's down 25.82%. Looking back a year, Sommelier has changed by S$0.0396 SGD. That means that in a single year, the value of Sommelier has shrank by 96.74%.
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.
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Conversion tables
SOMM to SGD values from Today at 6:13 pm
0.5 SOMM = S$0.000615 SGD |
1 SOMM = S$0.0012 SGD |
5 SOMM = S$0.0062 SGD |
10 SOMM = S$0.0123 SGD |
50 SOMM = S$0.0615 SGD |
100 SOMM = S$0.12 SGD |
500 SOMM = S$0.62 SGD |
1,000 SOMM = S$1.23 SGD |
SGD to SOMM values from Today at 6:14 pm
S$0.50 SGD = 406.49 SOMM |
S$1.00 SGD = 812.97 SOMM |
S$5.00 SGD = 4,064.85 SOMM |
S$10.00 SGD = 8,129.71 SOMM |
S$50.00 SGD = 40,648.53 SOMM |
S$100.00 SGD = 81,297.06 SOMM |
S$500.00 SGD = 406,485.30 SOMM |
S$1,000.00 SGD = 812,970.60 SOMM |
SOMM to SGD over time
SOMM | Today | 24H | 1M | 1Y |
---|---|---|---|---|
0.5 SOMM | S$0.000615 SGD | S$0.000729 SGD | S$0.000831 SGD | S$0.0198 SGD |
1 SOMM | S$0.0012 SGD | S$0.0015 SGD | S$0.0017 SGD | S$0.0396 SGD |
5 SOMM | S$0.0062 SGD | S$0.0073 SGD | S$0.0083 SGD | S$0.20 SGD |
10 SOMM | S$0.0123 SGD | S$0.0146 SGD | S$0.0166 SGD | S$0.40 SGD |
50 SOMM | S$0.0615 SGD | S$0.0729 SGD | S$0.0831 SGD | S$1.98 SGD |
100 SOMM | S$0.12 SGD | S$0.15 SGD | S$0.17 SGD | S$3.96 SGD |
500 SOMM | S$0.62 SGD | S$0.73 SGD | S$0.83 SGD | S$19.78 SGD |
1,000 SOMM | S$1.23 SGD | S$1.46 SGD | S$1.66 SGD | S$39.56 SGD |
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