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.
Sommelier is ranked #967 by market capitalization. Currently the SOMM market cap exceeds 24.46M+ United States Dollar. By market capitalization it is ranked #967. Daily trade volume is 46,771 USD.
The Sommelier price today in USD is 0.083714. Through the Sommelier price history, the price ranges from 7.09 USD (all time high) to 0.04999677 USD (all time low). Sommelier price last 24 hours fluctuated from 0.085342 USD (24h high) to 0.080058 USD (24h low).
Check the Sommelier value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB
Homepage: https://sommelier.finance/
Block explorers: https://www.mintscan.io/osmosis/assets/9BBA9A1C257E971E38C1422780CE6F0B0686F0A3085E2D61118D904BFE0F5F5E https://etherscan.io/token/0xa670d7237398238DE01267472C6f13e5B8010FD1 https://ethplorer.io/address/0xa670d7237398238de01267472c6f13e5b8010fd1
Forums:
Reddit: https://www.reddit.com
Twitter: https://twitter.com/sommfinance/
Sommelier live price may differ in various exchanges. Check SOMM real-time data to make informed decisions.
You can buy Sommelier on decentralised or centralised exchanges, via p2p transfers or in individual direct transactions. REVENUEBOT offers an automated trading bot that helps among other things to buy and sell SOMM at predefined levels. This way, no matter, day or night, there is no chance to miss the next move. The REVENUEBOT Sommelier trading robot will buy and sell following the strategy chosen by you.
In short, yes. But manual transactions, however fast, still can not be done in less than a second. That is why automated trading took over both traditional and crypto financial markets. Use the current price of Sommelier and trade with REVENUEBOT in less than a second.
In short, only if the current value of Sommelier will be less than the value of Sommelier at the moment of selling in the future. The Sommelier chart can only assist the Sommelier value today versus tomorrow, or the distant future. No one can guarantee you the profit but the REVENUEBOT is free until it brings you money. Please note that information concerning current Sommelier value or any other information on this page can not be considered investment, trading, financial advice or any sort of recommendation to act in the financial market. The content is provided for informational purposes only.
The answer to these questions depends on the SOMM supply. Check the Sommelier live chart to see the current supply and predict how long it will take for the coins to run out. The total supply of Sommelier is 500000000 SOMM, while SOMM circulation supply now is 291493534 SOMM.
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