Convert Convertible JPY Token CJPY to Dai DAI
CJPY to DAI: 1 Convertible JPY Token converts to 0.004988 DAI
About CJPY and DAI
Convertible JPY Token is climbing, while Dai is falling this week. The current CJPY to DAI conversion rate is 0.004988. Inversely, this means that if you convert 1 DAI you will get 200.50 CJPY. The conversion rate of CJPY/DAI has decreased by 0.03% in the last hour (DAI/CJPY increased by 0.03%). In the last 24 hours, CJPY/DAI grew by 0.39%, while DAI/CJPY shrunk by 0.39%.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.004988 DAI. In other words, to buy 5 Convertible JPY Token, it would cost you 0.024938 DAI. Inversely, 1 DAI would allow you to trade for 200.50 CJPY while 50 DAI would convert to 10,024.81 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.95%. Meanwhile, in the last 24 hours, the rate has changed by 0.21%, and that the highest exchange rate of 1 CJPY to DAI was 0.005033 DAI and the lowest 24 hour value was 1 CJPY for 0.004946 DAI. Last month, 1 CJPY was worth 0.00519 DAI. Today, it's down 3.9%. Looking back a year, Convertible JPY Token has changed by 0.005386 DAI. That means that in a single year, the value of Convertible JPY Token has shrank by 7.39%.
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.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
CJPY to DAI values from Today at 5:23 am
0.5 CJPY = 0.002494 DAI |
1 CJPY = 0.004988 DAI |
5 CJPY = 0.02494 DAI |
10 CJPY = 0.04988 DAI |
50 CJPY = 0.2494 DAI |
100 CJPY = 0.4988 DAI |
500 CJPY = 2.49 DAI |
1,000 CJPY = 4.99 DAI |
DAI to CJPY values from Today at 5:23 am
0.5 DAI = 100.25 CJPY |
1 DAI = 200.50 CJPY |
5 DAI = 1,002.48 CJPY |
10 DAI = 2,004.96 CJPY |
50 DAI = 10,024.81 CJPY |
100 DAI = 20,049.61 CJPY |
500 DAI = 100,248.07 CJPY |
1,000 DAI = 200,496.14 CJPY |
CJPY to DAI over time
CJPY | Today | 24H 0.21% | 1M -4.06% | 1Y -7.98% |
|---|---|---|---|---|
0.5 CJPY | 0.002494 DAI | 0.002489 DAI | 0.002595 DAI | 0.002693 DAI |
1 CJPY | 0.004988 DAI | 0.004977 DAI | 0.00519 DAI | 0.005386 DAI |
5 CJPY | 0.02494 DAI | 0.02489 DAI | 0.02595 DAI | 0.02693 DAI |
10 CJPY | 0.04988 DAI | 0.04977 DAI | 0.0519 DAI | 0.05386 DAI |
50 CJPY | 0.2494 DAI | 0.2489 DAI | 0.2595 DAI | 0.2693 DAI |
100 CJPY | 0.4988 DAI | 0.4977 DAI | 0.519 DAI | 0.5386 DAI |
500 CJPY | 2.49 DAI | 2.49 DAI | 2.60 DAI | 2.69 DAI |
1,000 CJPY | 4.99 DAI | 4.98 DAI | 5.19 DAI | 5.39 DAI |
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