Convert Convertible JPY Token CJPY to edgeX EDGEX
CJPY to EDGEX: 1 Convertible JPY Token converts to 0.01209 EDGEX
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About CJPY and EDGEX
Convertible JPY Token is falling, while edgeX is climbing this week. The current CJPY to EDGEX conversion rate is 0.01209. Inversely, this means that if you convert 1 EDGEX you will get 82.72 CJPY. The conversion rate of CJPY/EDGEX has increased by 0.47% in the last hour (EDGEX/CJPY decreased by 0.47%). In the last 24 hours, CJPY/EDGEX shrunk by 0.46%, while EDGEX/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.01209 EDGEX. In other words, to buy 5 Convertible JPY Token, it would cost you 0.06045 EDGEX. Inversely, 1 EDGEX would allow you to trade for 82.72 CJPY while 50 EDGEX would convert to 4,135.94 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 4.98%. Meanwhile, in the last 24 hours, the rate has changed by 0.33%, and that the highest exchange rate of 1 CJPY to EDGEX was 0.01213 EDGEX and the lowest 24 hour value was 1 CJPY for 0.01153 EDGEX. Last month, 1 CJPY was worth 0.01046 EDGEX. Today, it's up 13.46%. Looking back a year, Convertible JPY Token has changed by ∞ EDGEX. That means that in a single year, the value of Convertible JPY Token has shrank by ∞%.
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.
edgeX Market Stats
EdgeX is a decentralized perpetual futures exchange that combines the speed and performance of centralized exchanges with the transparency and self-custody of DeFi. The platform features an off-chain order matching engine with on-chain settlement, enabling high-speed, low-latency trading across a wide range of crypto assets. Due to a ticker collision, Coinbase will use the ticker "EDGEX" for this asset instead of its on-chain or MiCA whitepaper designation "EDGE". This adjustment ensures compatibility with existing assets on our platform and avoids potential conflicts. The change does not affect the underlying asset's functionality or value.
Conversion tables
CJPY to EDGEX values from Today at 2:31 pm
0.5 CJPY = 0.006045 EDGEX |
1 CJPY = 0.01209 EDGEX |
5 CJPY = 0.06045 EDGEX |
10 CJPY = 0.1209 EDGEX |
50 CJPY = 0.6045 EDGEX |
100 CJPY = 1.21 EDGEX |
500 CJPY = 6.04 EDGEX |
1,000 CJPY = 12.09 EDGEX |
EDGEX to CJPY values from Today at 2:34 pm
0.5 EDGEX = 41.36 CJPY |
1 EDGEX = 82.72 CJPY |
5 EDGEX = 413.59 CJPY |
10 EDGEX = 827.19 CJPY |
50 EDGEX = 4,135.94 CJPY |
100 EDGEX = 8,271.89 CJPY |
500 EDGEX = 41,359.43 CJPY |
1,000 EDGEX = 82,718.86 CJPY |
CJPY to EDGEX over time
CJPY | Today | 24H -0.33% | 1M 13.46% | 1Y 48.61% |
|---|---|---|---|---|
0.5 CJPY | 0.006045 EDGEX | 0.006064 EDGEX | 0.005231 EDGEX | 0.003106 EDGEX |
1 CJPY | 0.01209 EDGEX | 0.01213 EDGEX | 0.01046 EDGEX | 0.006213 EDGEX |
5 CJPY | 0.06045 EDGEX | 0.06064 EDGEX | 0.05231 EDGEX | 0.03106 EDGEX |
10 CJPY | 0.1209 EDGEX | 0.1213 EDGEX | 0.1046 EDGEX | 0.06213 EDGEX |
50 CJPY | 0.6045 EDGEX | 0.6064 EDGEX | 0.5231 EDGEX | 0.3106 EDGEX |
100 CJPY | 1.21 EDGEX | 1.21 EDGEX | 1.05 EDGEX | 0.6213 EDGEX |
500 CJPY | 6.04 EDGEX | 6.06 EDGEX | 5.23 EDGEX | 3.11 EDGEX |
1,000 CJPY | 12.09 EDGEX | 12.13 EDGEX | 10.46 EDGEX | 6.21 EDGEX |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.004611.
Based on the current rate, you could get 216.88 CJPY for 1 USD.
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 1,084.41 CJPY. Inversely, 5 CJPY will cost about $0.02305
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 OLYMPIC GAMES DOGE, TRUMP, 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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