Convert Akash Network AKT to Convertible JPY Token CJPY
AKT to CJPY: 1 Akash Network converts to 101.35 CJPY
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About AKT and CJPY
Akash Network is climbing, while Convertible JPY Token is falling this week. The current AKT to CJPY conversion rate is 101.35. Inversely, this means that if you convert 1 CJPY you will get 0.009867 AKT. The conversion rate of AKT/CJPY has increased by 1.24% in the last hour (CJPY/AKT decreased by 1.24%). In the last 24 hours, AKT/CJPY grew by 2.43%, while CJPY/AKT shrunk by the same amount.
The exchange rate of Akash Network is increasing. The current value of 1 AKT is 101.35 CJPY. In other words, to buy 5 Akash Network, it would cost you 506.75 CJPY. Inversely, 1 CJPY would allow you to trade for 0.009867 AKT while 50 CJPY would convert to 0.4933 AKT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 4.96%. Meanwhile, in the last 24 hours, the rate has changed by 2.25%, and that the highest exchange rate of 1 AKT to CJPY was 101.47 CJPY and the lowest 24 hour value was 1 AKT for 97.50 CJPY. Last month, 1 AKT was worth 96.73 CJPY. Today, it's up 4.55%. Looking back a year, Akash Network has changed by 189.90 CJPY. That means that in a single year, the value of Akash Network has shrank by 87.37%.
Akash Network Market Stats
Akash is a blockchain network that supports a decentralized compute marketplace. Akash allows users to lease computing resources from the network’s providers. AKT is the network’s utility token and can be used to secure the network through staking. AKT can also be used to participate in network governance. AKT tokens can be used to vote on proposals related to the network’s development and grant allocations.
Convertible JPY Token Market Stats
What is the project about? CJPY represents a collateral debt position issued on Yamato Protocol, a decentralized and non-custodial platform on Ethereum developed by DeFiGeek Community Japan. CJPY serves as an ETH overcollateralized stablecoin designed to maintain a peg to the Japanese Yen. In the future, the Yamato protocol will expand to encompass various tokens as collateral, and a diverse range of fiat stablecoins will be introduced, initially including USD and EUR pegs. What makes your project unique? Yamato Protocol distinguishes itself through 5 attributes as a decentralized and non-custodial crypto overcollateralized stablecoin: 1. High Collateral Factor: The protocol permits a minimum health rate of 130%, ensuring efficient use of collateral. 2. Absence of Accrued Interest: Users are subject solely to a one-time issuance fee upon generating CJPY. 3. Non-Forced Liquidation: No penalty for liquidation. Debt positions with health rates below 130% can be redeemed by any users via CJPY acquired from the market. 4. Redemption by protocol: Accrued CJPY fees on protocol can be used to redeem debt position under threshold. 5. Subrogation Mechanism: The protocol employs the accumulated CJPY fees to subrogate debt positions falling below the 100% health rate threshold. History of your project. January 2021: The DeFiGeek Community Japan embarked on the development of Yamato Protocol, a decentralized and non-custodial crypto overcollateralized stablecoin pegged to JPY. The community has functioned with an inclusive approach, welcoming all developers and contributors who are eager to take part in the enhancement of DeFi applications and tools that drive the advancement of Web3 technology. Milestones of Yamato Protocol: November 2021: The alpha testing phase commenced on the Rinkeby testnet. January 2022: The beta testing phase debuted on the Rinkeby testnet. May 2022: The second beta testing phase transpired on the Rinkeby testnet. June 2023: Successful completion of the initial audit. July 2023: Launch of version 1 on the Ethereum mainnet. What’s next for your project? At present, Yamato Protocol stands at version 1.0 without a utility token. Anticipated milestones include: Version 1.5 (2023): Introduction of the DAO utility token and the implementation of ve(vote-escrowed) governance. Version 2.0 (Late 2023): Enabling issuance of additional stablecoins like CEUR (convertible EUR) and CUSD (convertible USD). What can your token be used for? CJPY represents a decentralized JPY-pegged token on the Ethereum blockchain, offering versatility to users and other protocols. Its anticipated adoption spans various DeFi Dapps, encompassing DEX and lending protocols. Given its decentralized and non-custodial nature, CJPY holds the potential for widespread adoption as a payment medium within the Japanese crypto business ecosystem.
Conversion tables
AKT to CJPY values from Today at 10:25 am
0.5 AKT = 50.67 CJPY |
1 AKT = 101.35 CJPY |
5 AKT = 506.75 CJPY |
10 AKT = 1,013.50 CJPY |
50 AKT = 5,067.48 CJPY |
100 AKT = 10,134.96 CJPY |
500 AKT = 50,674.80 CJPY |
1,000 AKT = 101,349.61 CJPY |
CJPY to AKT values from Today at 10:23 am
0.5 CJPY = 0.004933 AKT |
1 CJPY = 0.009867 AKT |
5 CJPY = 0.04933 AKT |
10 CJPY = 0.09867 AKT |
50 CJPY = 0.4933 AKT |
100 CJPY = 0.9867 AKT |
500 CJPY = 4.93 AKT |
1,000 CJPY = 9.87 AKT |
AKT to CJPY over time
AKT | Today | 24H 2.25% | 1M 4.55% | 1Y -87.37% |
|---|---|---|---|---|
0.5 AKT | 50.67 CJPY | 49.53 CJPY | 48.37 CJPY | 94.95 CJPY |
1 AKT | 101.35 CJPY | 99.06 CJPY | 96.73 CJPY | 189.90 CJPY |
5 AKT | 506.75 CJPY | 495.32 CJPY | 483.67 CJPY | 949.51 CJPY |
10 AKT | 1,013.50 CJPY | 990.64 CJPY | 967.34 CJPY | 1,899.02 CJPY |
50 AKT | 5,067.48 CJPY | 4,953.22 CJPY | 4,836.70 CJPY | 9,495.08 CJPY |
100 AKT | 10,134.96 CJPY | 9,906.43 CJPY | 9,673.41 CJPY | 18,990.16 CJPY |
500 AKT | 50,674.80 CJPY | 49,532.16 CJPY | 48,367.03 CJPY | 94,950.80 CJPY |
1,000 AKT | 101,349.61 CJPY | 99,064.31 CJPY | 96,734.06 CJPY | 189,901.60 CJPY |
Frequently asked questions
Right now, 1 Akash Network is worth about $0.5262.
Based on the current rate, you could get 1.90 AKT for 1 USD.
Akash Network price has been on the rise. Since yesterday, the exchange rate of Akash Network has increased. Since last month, the exchange rate of Akash Network has increased. Since this time last year, the price of Akash Network has decreased.
You can use our AKT to USD calculator at the top of this page to convert any amount of AKT to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 9.50 AKT. Inversely, 5 AKT will cost about $2.63
Akash Network is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Akash Network.
There are a number of crypto assets that have the a similar or comparable market cap to Akash Network, including Axie Infinity, THORChain, and MX Token. For a more robust list of assets to explore, jump to the asset page dedicated to Akash Network.
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