$ 0.0012 USD
$ 0.0012 USD
$ 615,515 0.00 USD
$ 615,515 USD
$ 360.55 USD
$ 360.55 USD
$ 3,680.70 USD
$ 3,680.70 USD
0.00 0.00 SOMM
Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
0.00%
1D
0.00%
1W
0.00%
1M
-8.36%
1Y
-94.4%
All
-99.67%
SOMM, the native token of the Sommelier platform, is designed to facilitate the ecosystem's governance and reward mechanisms. Sommelier is a coprocessor for Ethereum that aims to enhance the efficiency of DeFi yield farming through automated market-making strategies and a unique tokenomics system .
The platform allows users to create 'Cellars,' which are investment strategies executed via smart contracts. These Cellars can automatically rebalance portfolios to optimize yield, providing a more efficient way to manage liquidity and capture profits .
SOMM tokens are used for various purposes, including fee payments, rewards, and governance. They can be staked by users to earn a share of the platform's revenue, which includes trading fees and other earnings generated by the Cellars .
As of recent data, the circulating supply of SOMM is approximately 301 million tokens, with a maximum supply capped at 500 million. The token has experienced significant price movements, reflecting the volatility common in the cryptocurrency market .
Issue Time
2023-02-23
Platform pertained to
--
Current coin price
$0.0012USD
Market Cap
$615,515USD
Volume of Transaction
24h
$360.55USD
Circulating supply
0.00SOMM
Volume of Transaction
7d
$3,680.70USD
Change
24h
0.00%
Number of Markets
17
0 ratings