How and where to buy Sommelier (SOMM) crypto coin
The Sommelier cryptocurrency is not easy to purchase, owing to a shortage of crypto trading platforms that offer it. The 2 exchanges propose 2 pairs: IBC/9B.../UOSMO and SOMM/USDT. Detailed information is listed below.
Where to buy Sommelier
Step 1You need an account with a cryptocurrency exchange that supports Somm coin. All of them listed on our site. Register it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
Osmosis | ?? / ?? | MEDIUM | No | $296 |
|
Injective Pro | ?? / ?? | MEDIUM | No | $14 |
Transfer or purchase with P2P one of this coins: USDT or 9B.../UOSMO.
Step 3Open spot on trading platform and type the token name in search box. Choose between available trading pairs, then set order and push Buy SOMM button.
Congratulations!
By pushing buy, the Somm crypto will be deposited in your account on the trading platform. Remember that just moving your coins off crypto exchange into separate wallet such as Trezor One or Ledger Nano, you can improve protection of your investments. Not only does this shorten your risk if your exchange of choice gets hacked, but if you transfer a “cold,” or offline, wallet, your Somm cryptocurrency turn into protected assets. Only downside is generally have to pay a small fee to move your tokens off of the crypto exchange.
What is Sommelier
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
Video Review
WHAT IS SOMMELIER FINANCE? DeFi For BEGINNERS!
Statistics and Externals
Concepts of hash algorithms not applicable to Sommelier coin.
Price and supply
The current total supply is 500 millions, with a circulating supply of 0 SOMM as of Apr 2024. The maximum amount of coins that will ever exist in the lifetime of the Sommelier is 499999978.
The Sommelier token price is $0.155386465085 as of 10:58 PM. The price went up on 1.03% over the past 24 hours. The recent price action left the token's market capitalization at 0 USD. Over last 30 days, the Somm has a change of 0.87%.
FAQ
What cryptocurrency exchange can I buy Somm crypto?
Somm crypto can be purchased from two trading platforms. The list includes: Osmosis and Helix.
Is Sommelier cryptocurrency a good investment?
The Somm token has a big risks of value go down. Due to the high volatility of all Blockchain world you should consider: you can lose all of your invested funds, learn the risks before you start trading and unexpected changes in market can lead to sharp and sudden moves in price. But on the other hand of that it's possible to get rich by investing in crypto.
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About the author
Davy Jones has been involved in the crypto industry since 2017 as a miner. Since then, he has become an avid investor, writer, and speaker in the field. Jones has been writing professionally since 2008, covering a wide range of topics in various industries.