Convert Altlayer ALT to Convertible JPY Token CJPY
ALT to CJPY: 1 Altlayer converts to 1.46 CJPY
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About ALT and CJPY
Altlayer is climbing, while Convertible JPY Token is falling this week. The current ALT to CJPY conversion rate is 1.46. Inversely, this means that if you convert 1 CJPY you will get 0.6845 ALT. The conversion rate of ALT/CJPY has decreased by 0.36% in the last hour (CJPY/ALT increased by 0.36%). In the last 24 hours, ALT/CJPY grew by 5.22%, while CJPY/ALT shrunk by the same amount.
The exchange rate of Altlayer is increasing. The current value of 1 ALT is 1.46 CJPY. In other words, to buy 5 Altlayer, it would cost you 7.30 CJPY. Inversely, 1 CJPY would allow you to trade for 0.6845 ALT while 50 CJPY would convert to 34.23 ALT, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 12.19%. Meanwhile, in the last 24 hours, the rate has changed by 5.57%, which means that the highest exchange rate of 1 ALT to CJPY was 1.46 CJPY and the lowest 24 hour value was 1 ALT for 1.37 CJPY. Last month, 1 ALT was worth 1.32 CJPY. Today, it's up 9.89%. Looking back a year, Altlayer has changed by 5.18 CJPY. That means that in a single year, the value of Altlayer has shrank by 254.3%.
Altlayer Market Stats
AltLayer is an open and decentralised protocol for rollups that brings together the novel idea of a Restaked rollup, which takes existing rollups and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality. ALT is AltLayer’s native utility token and can be used for governance, protocol fee payments, economic bonding, and protocol incentivization.
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
ALT to CJPY values from Today at 1:15 am
0.5 ALT = 0.7304 CJPY |
1 ALT = 1.46 CJPY |
5 ALT = 7.30 CJPY |
10 ALT = 14.61 CJPY |
50 ALT = 73.04 CJPY |
100 ALT = 146.09 CJPY |
500 ALT = 730.43 CJPY |
1,000 ALT = 1,460.86 CJPY |
CJPY to ALT values from Today at 1:15 am
0.5 CJPY = 0.3423 ALT |
1 CJPY = 0.6845 ALT |
5 CJPY = 3.42 ALT |
10 CJPY = 6.85 ALT |
50 CJPY = 34.23 ALT |
100 CJPY = 68.45 ALT |
500 CJPY = 342.26 ALT |
1,000 CJPY = 684.53 ALT |
ALT to CJPY over time
ALT | Today | 24H 5.57% | 1M 9.89% | 1Y -254.30% |
|---|---|---|---|---|
0.5 ALT | 0.7304 CJPY | 0.6897 CJPY | 0.6582 CJPY | 2.59 CJPY |
1 ALT | 1.46 CJPY | 1.38 CJPY | 1.32 CJPY | 5.18 CJPY |
5 ALT | 7.30 CJPY | 6.90 CJPY | 6.58 CJPY | 25.88 CJPY |
10 ALT | 14.61 CJPY | 13.79 CJPY | 13.16 CJPY | 51.76 CJPY |
50 ALT | 73.04 CJPY | 68.97 CJPY | 65.82 CJPY | 258.79 CJPY |
100 ALT | 146.09 CJPY | 137.95 CJPY | 131.64 CJPY | 517.58 CJPY |
500 ALT | 730.43 CJPY | 689.74 CJPY | 658.18 CJPY | 2,587.88 CJPY |
1,000 ALT | 1,460.86 CJPY | 1,379.48 CJPY | 1,316.36 CJPY | 5,175.76 CJPY |
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