Convert Convertible JPY Token CJPY to Cryptex Finance CTX
CJPY to CTX: 1 Convertible JPY Token converts to 0.0107 CTX
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About CJPY and CTX
Convertible JPY Token is climbing, while Cryptex Finance is falling this week. The current CJPY to CTX conversion rate is 0.0107. Inversely, this means that if you convert 1 CTX you will get 93.49 CJPY. The conversion rate of CJPY/CTX has increased by 0.13% in the last hour (CTX/CJPY decreased by 0.13%). In the last 24 hours, CJPY/CTX grew by 4.46%, while CTX/CJPY shrunk by 4.27%.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.0107 CTX. In other words, to buy 5 Convertible JPY Token, it would cost you 0.05348 CTX. Inversely, 1 CTX would allow you to trade for 93.49 CJPY while 50 CTX would convert to 4,674.56 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 8.69%. Meanwhile, in the last 24 hours, the rate has changed by 4.41%, which means that the highest exchange rate of 1 CJPY to CTX was 0.0107 CTX and the lowest 24 hour value was 1 CJPY for 0.01018 CTX. Last month, 1 CJPY was worth 0.008206 CTX. Today, it's up 30.35%. Looking back a year, Convertible JPY Token has changed by 0.004675 CTX. That means that in a single year, the value of Convertible JPY Token has grown by 128.82%.
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.
Cryptex Finance Market Stats
CTX is an Ethereum token that governs Cryptex Finance, a platform that issues a token (called TCAP) that tracks the total market capitalization of the crypto market. CTX can be used to vote for upgrades to the Cryptex protocol.
Conversion tables
CJPY to CTX values from Today at 10:09 am
0.5 CJPY = 0.005348 CTX |
1 CJPY = 0.0107 CTX |
5 CJPY = 0.05348 CTX |
10 CJPY = 0.107 CTX |
50 CJPY = 0.5348 CTX |
100 CJPY = 1.07 CTX |
500 CJPY = 5.35 CTX |
1,000 CJPY = 10.70 CTX |
CTX to CJPY values from Today at 10:11 am
0.5 CTX = 46.75 CJPY |
1 CTX = 93.49 CJPY |
5 CTX = 467.46 CJPY |
10 CTX = 934.91 CJPY |
50 CTX = 4,674.56 CJPY |
100 CTX = 9,349.13 CJPY |
500 CTX = 46,745.63 CJPY |
1,000 CTX = 93,491.25 CJPY |
CJPY to CTX over time
CJPY | Today | 24H 4.22% | 1M 23.28% | 1Y 56.30% |
|---|---|---|---|---|
0.5 CJPY | 0.005348 CTX | 0.005122 CTX | 0.004103 CTX | 0.002337 CTX |
1 CJPY | 0.0107 CTX | 0.01024 CTX | 0.008206 CTX | 0.004675 CTX |
5 CJPY | 0.05348 CTX | 0.05122 CTX | 0.04103 CTX | 0.02337 CTX |
10 CJPY | 0.107 CTX | 0.1024 CTX | 0.08206 CTX | 0.04675 CTX |
50 CJPY | 0.5348 CTX | 0.5122 CTX | 0.4103 CTX | 0.2337 CTX |
100 CJPY | 1.07 CTX | 1.02 CTX | 0.8206 CTX | 0.4675 CTX |
500 CJPY | 5.35 CTX | 5.12 CTX | 4.10 CTX | 2.34 CTX |
1,000 CJPY | 10.70 CTX | 10.24 CTX | 8.21 CTX | 4.67 CTX |
Frequently asked questions
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