Convert Sommelier SOMM to Qatari Riyal QAR

SOMM to QAR: 1 Sommelier converts to QAR 0.001232 QAR as of July 20 at 7:58 PM

QAR
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About Sommelier

Sommelier is climbing this week. The current price of Sommelier is QAR 0.001232 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of QAR 461,568.77. The amount of Sommelier traded has fallen by QAR 0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, QAR 198.92 worth of SOMM has been traded.

The exchange rate of Sommelier is increasing. The current value of 1 SOMM is QAR 0.001232 QAR. In other words, to buy 5 Sommelier, it would cost you QAR 0.006162 QAR. Inversely, QAR 1.00 QAR would allow you to trade for 811.36 SOMM while QAR 50.00 QAR would convert to 40,568.24 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 7.01%. Meanwhile, in the last 24 hours, the rate has changed by 1.31%, and that the highest exchange rate of 1 SOMM to QAR was QAR 0.001234 QAR and the lowest 24 hour value was 1 SOMM for QAR 0.001213 QAR. Last month, 1 SOMM was worth QAR 0.001978 QAR. Today, it's down 37.74%. Looking back a year, Sommelier has changed by QAR 0.003953 QAR. That means that in a single year, the value of Sommelier has shrank by 68.85%.

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.

QAR 0.001232Price
QAR 461.57KMarket cap
QAR 198.92Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to QAR values from Today at 7:58 pm

0.5 SOMM = QAR 0.0006162 QAR
1 SOMM = QAR 0.001232 QAR
5 SOMM = QAR 0.006162 QAR
10 SOMM = QAR 0.01232 QAR
50 SOMM = QAR 0.06162 QAR
100 SOMM = QAR 0.1232 QAR
500 SOMM = QAR 0.6162 QAR
1,000 SOMM = QAR 1.23 QAR

QAR to SOMM values from Today at

QAR 0.50 QAR = 405.68 SOMM
QAR 1.00 QAR = 811.36 SOMM
QAR 5.00 QAR = 4,056.82 SOMM
QAR 10.00 QAR = 8,113.65 SOMM
QAR 50.00 QAR = 40,568.24 SOMM
QAR 100.00 QAR = 81,136.47 SOMM
QAR 500.00 QAR = 405,682.37 SOMM
QAR 1,000.00 QAR = 811,364.73 SOMM

SOMM to QAR over time

SOMM
Today
24H
1.10%
1M
-60.49%
1Y
-220.71%
0.5 SOMM
QAR 0.0006162 QAR
QAR 0.0006095 QAR
QAR 0.000989 QAR
QAR 0.001976 QAR
1 SOMM
QAR 0.001232 QAR
QAR 0.001219 QAR
QAR 0.001978 QAR
QAR 0.003953 QAR
5 SOMM
QAR 0.006162 QAR
QAR 0.006095 QAR
QAR 0.00989 QAR
QAR 0.01976 QAR
10 SOMM
QAR 0.01232 QAR
QAR 0.01219 QAR
QAR 0.01978 QAR
QAR 0.03953 QAR
50 SOMM
QAR 0.06162 QAR
QAR 0.06095 QAR
QAR 0.0989 QAR
QAR 0.1976 QAR
100 SOMM
QAR 0.1232 QAR
QAR 0.1219 QAR
QAR 0.1978 QAR
QAR 0.3953 QAR
500 SOMM
QAR 0.6162 QAR
QAR 0.6095 QAR
QAR 0.989 QAR
QAR 1.98 QAR
1,000 SOMM
QAR 1.23 QAR
QAR 1.22 QAR
QAR 1.98 QAR
QAR 3.95 QAR

Frequently asked questions

Right now, 1 Sommelier is worth about QAR 0.001232.

Based on the current rate, you could get 811.36 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 4,056.82 SOMM. Inversely, 5 SOMM will cost about QAR 0.006162

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, MetaSwap, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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