Convert Qatari Riyal QAR to Sommelier SOMM
1 QAR converts to 561.98 SOMM
About Sommelier
Sommelier is climbing this week. The current price of Sommelier is QAR 0.001779 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of QAR 669,200.23. The amount of Sommelier traded has fallen by -QAR 9.72 in the last 24 hours, which is a 98.74% decrease. Additionally, in the last day, QAR 9.85 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is QAR 0.001779 QAR. In other words, to buy 5 Sommelier, it would cost you QAR 0.008897 QAR. Inversely, QAR 1.00 QAR would allow you to trade for 561.98 SOMM while QAR 50.00 QAR would convert to 28,098.90 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 15.48%. Meanwhile, in the last 24 hours, the rate has changed by 1.54%, and that the highest exchange rate of 1 SOMM to QAR was QAR 0.001805 QAR and the lowest 24 hour value was 1 SOMM for QAR 0.001729 QAR. Last month, 1 SOMM was worth QAR 0.001906 QAR. Today, it's down 6.74%. Looking back a year, Sommelier has changed by QAR 0.004285 QAR. That means that in a single year, the value of Sommelier has shrank by 58.56%.
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.
Conversion tables
QAR to SOMM values from Today at
QAR 0.50 QAR = 280.99 SOMM |
QAR 1.00 QAR = 561.98 SOMM |
QAR 5.00 QAR = 2,809.89 SOMM |
QAR 10.00 QAR = 5,619.78 SOMM |
QAR 50.00 QAR = 28,098.90 SOMM |
QAR 100.00 QAR = 56,197.80 SOMM |
QAR 500.00 QAR = 280,989.00 SOMM |
QAR 1,000.00 QAR = 561,978.00 SOMM |
SOMM to QAR values from Today at 10:40 pm
0.5 SOMM = QAR 0.0008897 QAR |
1 SOMM = QAR 0.001779 QAR |
5 SOMM = QAR 0.008897 QAR |
10 SOMM = QAR 0.01779 QAR |
50 SOMM = QAR 0.08897 QAR |
100 SOMM = QAR 0.1779 QAR |
500 SOMM = QAR 0.8897 QAR |
1,000 SOMM = QAR 1.78 QAR |
QAR to SOMM over time
QAR | Today | 24H -57,078.19% | 1M -52,469.22% | 1Y -23,336.27% |
|---|---|---|---|---|
0.5 QAR | 280.99 SOMM | 285.39 SOMM | 262.35 SOMM | 116.68 SOMM |
1 QAR | 561.98 SOMM | 570.78 SOMM | 524.69 SOMM | 233.36 SOMM |
5 QAR | 2,809.89 SOMM | 2,853.91 SOMM | 2,623.46 SOMM | 1,166.81 SOMM |
10 QAR | 5,619.78 SOMM | 5,707.82 SOMM | 5,246.92 SOMM | 2,333.63 SOMM |
50 QAR | 28,098.90 SOMM | 28,539.09 SOMM | 26,234.61 SOMM | 11,668.14 SOMM |
100 QAR | 56,197.80 SOMM | 57,078.19 SOMM | 52,469.22 SOMM | 23,336.27 SOMM |
500 QAR | 280,989.00 SOMM | 285,390.94 SOMM | 262,346.12 SOMM | 116,681.37 SOMM |
1,000 QAR | 561,978.00 SOMM | 570,781.87 SOMM | 524,692.25 SOMM | 233,362.74 SOMM |
Frequently asked questions
Right now, 1 Sommelier is worth about QAR 0.001779.
Based on the current rate, you could get 561.98 SOMM for 1 QAR.
Sommelier price has been on the rise. Since yesterday, the exchange rate of Sommelier has increased. Since last month, the exchange rate of Sommelier has decreased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to QAR calculator at the top of this page to convert any amount of SOMM to QAR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 QAR is equivalent to 2,809.89 SOMM. Inversely, 5 SOMM will cost about QAR 0.008897
Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.
There are a number of crypto assets that have the a similar or comparable market cap to Sommelier, including Titi Financial, Web3 Doge, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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