Convert Sommelier SOMM to Real BRL
SOMM to BRL: 1 Sommelier converts to R$0.0094 BRL as of October 27 at 12:10 PM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is R$0.0094 per SOMM. With a circulating supply of 369,390,072 SOMM, it means that Sommelier has a total market cap of R$3,470,973.02. The amount of Sommelier traded has risen by R$35,038.24 in the last 24 hours, which is a 693.66% increase. Additionally, in the last day, R$5,051.23 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is R$0.0094 BRL. In other words, to buy 5 Sommelier, it would cost you R$0.0472 BRL. Inversely, R$1.00 BRL would allow you to trade for 105.95 SOMM while R$50.00 BRL would convert to 5,297.45 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 14.67%. Meanwhile, in the last 24 hours, the rate has changed by 4.47%, and that the highest exchange rate of 1 SOMM to BRL was R$0.0106 BRL and the lowest 24 hour value was 1 SOMM for R$0.0094 BRL. Last month, 1 SOMM was worth R$0.0190 BRL. Today, it's down 50.49%. Looking back a year, Sommelier has changed by R$0.0967 BRL. That means that in a single year, the value of Sommelier has shrank by 89.61%.
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 BRL values from Today at 12:10 pm
0.5 SOMM = R$0.0047 BRL |
1 SOMM = R$0.0094 BRL |
5 SOMM = R$0.0472 BRL |
10 SOMM = R$0.0944 BRL |
50 SOMM = R$0.47 BRL |
100 SOMM = R$0.94 BRL |
500 SOMM = R$4.72 BRL |
1,000 SOMM = R$9.44 BRL |
BRL to SOMM values from Today at 12:10 pm
R$0.50 BRL = 52.97 SOMM |
R$1.00 BRL = 105.95 SOMM |
R$5.00 BRL = 529.74 SOMM |
R$10.00 BRL = 1,059.49 SOMM |
R$50.00 BRL = 5,297.45 SOMM |
R$100.00 BRL = 10,594.90 SOMM |
R$500.00 BRL = 52,974.49 SOMM |
R$1,000.00 BRL = 105,948.98 SOMM |
SOMM to BRL over time
SOMM | Today | 24H 99.34% | 1M 98.73% | 1Y |
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