Convert Convertible JPY Token CJPY to Drift Protocol DRIFT
1 CJPY converts to 0.2472 DRIFT
Earn up to $2,000 when you buy $50 in crypto¹
Restrictions apply, see full terms.
Restrictions apply, see full terms.
About CJPY and DRIFT
Convertible JPY Token is climbing, while Drift Protocol is falling this week. The current CJPY to DRIFT conversion rate is 0.2472. Inversely, this means that if you convert 1 DRIFT you will get 4.05 CJPY. The conversion rate of CJPY/DRIFT has decreased by 0% in the last hour (DRIFT/CJPY increased by 0%). In the last 24 hours, CJPY/DRIFT grew by 4.96%, while DRIFT/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.2472 DRIFT. In other words, to buy 5 Convertible JPY Token, it would cost you 1.2358 DRIFT. Inversely, 1 DRIFT would allow you to trade for 4.05 CJPY while 50 DRIFT would convert to 202.29 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 39.63%. Meanwhile, in the last 24 hours, the rate has changed by 4.63%, which means that the highest exchange rate of 1 CJPY to DRIFT was 0.249 DRIFT and the lowest 24 hour value was 1 CJPY for 0.2244 DRIFT. Last month, 1 CJPY was worth 0.1385 DRIFT. Today, it's up 43.97%. Looking back a year, Convertible JPY Token has changed by 0.0124 DRIFT. That means that in a single year, the value of Convertible JPY Token has grown by 94.98%.
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.
Drift Protocol Market Stats
Drift Protocol is a decentralized exchange built on Solana. Drift Protocol supports token swaps, spot margin trading, and perpetual futures trading. DRIFT is the governance token of the Drift DAO. Token holders can vote on governance proposals related to protocol development. Proposals may involve determining protocol fees, setting technical parameters, and treasury management.
Conversion tables
CJPY to DRIFT values from Today at 7:08 am
0.5 CJPY = 0.1236 DRIFT |
1 CJPY = 0.2472 DRIFT |
5 CJPY = 1.24 DRIFT |
10 CJPY = 2.47 DRIFT |
50 CJPY = 12.36 DRIFT |
100 CJPY = 24.72 DRIFT |
500 CJPY = 123.58 DRIFT |
1,000 CJPY = 247.16 DRIFT |
DRIFT to CJPY values from Today at 7:10 am
0.5 DRIFT = 2.02 CJPY |
1 DRIFT = 4.05 CJPY |
5 DRIFT = 20.23 CJPY |
10 DRIFT = 40.46 CJPY |
50 DRIFT = 202.29 CJPY |
100 DRIFT = 404.59 CJPY |
500 DRIFT = 2,022.95 CJPY |
1,000 DRIFT = 4,045.90 CJPY |
CJPY to DRIFT over time
CJPY | Today | 24H 4.63% | 1M 43.97% | 1Y 94.98% |
|---|---|---|---|---|
0.5 CJPY | 0.1236 DRIFT | 0.1179 DRIFT | 0.06924 DRIFT | 0.0062 DRIFT |
1 CJPY | 0.2472 DRIFT | 0.2357 DRIFT | 0.1385 DRIFT | 0.0124 DRIFT |
5 CJPY | 1.24 DRIFT | 1.18 DRIFT | 0.6924 DRIFT | 0.062 DRIFT |
10 CJPY | 2.47 DRIFT | 2.36 DRIFT | 1.38 DRIFT | 0.124 DRIFT |
50 CJPY | 12.36 DRIFT | 11.79 DRIFT | 6.92 DRIFT | 0.62 DRIFT |
100 CJPY | 24.72 DRIFT | 23.57 DRIFT | 13.85 DRIFT | 1.24 DRIFT |
500 CJPY | 123.58 DRIFT | 117.86 DRIFT | 69.24 DRIFT | 6.20 DRIFT |
1,000 CJPY | 247.16 DRIFT | 235.72 DRIFT | 138.48 DRIFT | 12.40 DRIFT |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.004325.
Based on the current rate, you could get 231.19 CJPY for 1 USD.
Convertible JPY Token price has been declining. Since yesterday, the exchange rate of Convertible JPY Token has decreased. Since last month, the exchange rate of Convertible JPY Token has decreased. Since this time last year, the price of Convertible JPY Token has decreased.
You can use our CJPY to USD calculator at the top of this page to convert any amount of CJPY to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 1,155.97 CJPY. Inversely, 5 CJPY will cost about $0.02163
Convertible JPY Token can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Convertible JPY Token.
There are a number of crypto assets that have the a similar or comparable market cap to Convertible JPY Token, including Fine, XRP20, and BNBcat. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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