Convert Convertible JPY Token CJPY to Frax Finance - Frax Ether FRXETH
CJPY to FRXETH: 1 Convertible JPY Token converts to 0.000002093 FRXETH
About CJPY and FRXETH
Convertible JPY Token is climbing, while Frax Finance - Frax Ether is falling this week. The current CJPY to FRXETH conversion rate is 0.000002093. Inversely, this means that if you convert 1 FRXETH you will get 477,722.67 CJPY. The conversion rate of CJPY/FRXETH has increased by 0.23% in the last hour (FRXETH/CJPY decreased by 0.23%). In the last 24 hours, CJPY/FRXETH grew by 0.03%, while FRXETH/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.000002093 FRXETH. In other words, to buy 5 Convertible JPY Token, it would cost you 0.000010466 FRXETH. Inversely, 1 FRXETH would allow you to trade for 477,722.67 CJPY while 50 FRXETH would convert to 23,886,133.62 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 14.11%. Meanwhile, in the last 24 hours, the rate has changed by 0.52%, and that the highest exchange rate of 1 CJPY to FRXETH was 0.0000021 FRXETH and the lowest 24 hour value was 1 CJPY for 0.000002063 FRXETH. Last month, 1 CJPY was worth 0.00000243 FRXETH. Today, it's down 16.09%. Looking back a year, Convertible JPY Token has changed by 0.000001375 FRXETH. That means that in a single year, the value of Convertible JPY Token has grown by 34.32%.
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.
Frax Finance - Frax Ether Market Stats
frxETH is a liquid staking derivative issued by Frax Finance protocol. Each frxETH is backed by at least 1 ETH in validator nodes at all times.
Conversion tables
CJPY to FRXETH values from Today at 2:13 pm
0.5 CJPY = 0.000001047 FRXETH |
1 CJPY = 0.000002093 FRXETH |
5 CJPY = 0.00001047 FRXETH |
10 CJPY = 0.00002093 FRXETH |
50 CJPY = 0.0001047 FRXETH |
100 CJPY = 0.0002093 FRXETH |
500 CJPY = 0.001047 FRXETH |
1,000 CJPY = 0.002093 FRXETH |
FRXETH to CJPY values from Today at 2:14 pm
0.5 FRXETH = 238,861.34 CJPY |
1 FRXETH = 477,722.67 CJPY |
5 FRXETH = 2,388,613.36 CJPY |
10 FRXETH = 4,777,226.72 CJPY |
50 FRXETH = 23,886,133.62 CJPY |
100 FRXETH = 47,772,267.24 CJPY |
500 FRXETH = 238,861,336.18 CJPY |
1,000 FRXETH = 477,722,672.36 CJPY |
CJPY to FRXETH over time
CJPY | Today | 24H 0.52% | 1M -16.09% | 1Y 34.32% |
|---|---|---|---|---|
0.5 CJPY | 0.000001047 FRXETH | 0.000001041 FRXETH | 0.000001215 FRXETH | 0.0000006874 FRXETH |
1 CJPY | 0.000002093 FRXETH | 0.000002082 FRXETH | 0.00000243 FRXETH | 0.000001375 FRXETH |
5 CJPY | 0.00001047 FRXETH | 0.00001041 FRXETH | 0.00001215 FRXETH | 0.000006874 FRXETH |
10 CJPY | 0.00002093 FRXETH | 0.00002082 FRXETH | 0.0000243 FRXETH | 0.00001375 FRXETH |
50 CJPY | 0.0001047 FRXETH | 0.0001041 FRXETH | 0.0001215 FRXETH | 0.00006874 FRXETH |
100 CJPY | 0.0002093 FRXETH | 0.0002082 FRXETH | 0.000243 FRXETH | 0.0001375 FRXETH |
500 CJPY | 0.001047 FRXETH | 0.001041 FRXETH | 0.001215 FRXETH | 0.0006874 FRXETH |
1,000 CJPY | 0.002093 FRXETH | 0.002082 FRXETH | 0.00243 FRXETH | 0.001375 FRXETH |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.005141.
Based on the current rate, you could get 194.52 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 increased. 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 972.59 CJPY. Inversely, 5 CJPY will cost about $0.0257
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 Pi INU 100x, Conan, and Buy the DIP. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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