Convert Convertible JPY Token CJPY to Frax (prev. FXS) FXS
CJPY to FXS: 1 Convertible JPY Token converts to 0.02019 FXS
About CJPY and FXS
Convertible JPY Token is climbing, while Frax (prev. FXS) is falling this week. The current CJPY to FXS conversion rate is 0.02019. Inversely, this means that if you convert 1 FXS you will get 49.53 CJPY. The conversion rate of CJPY/FXS has increased by 1.17% in the last hour (FXS/CJPY decreased by 1.16%). In the last 24 hours, CJPY/FXS grew by 4.32%, while FXS/CJPY shrunk by 4.14%.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.02019 FXS. In other words, to buy 5 Convertible JPY Token, it would cost you 0.10095 FXS. Inversely, 1 FXS would allow you to trade for 49.53 CJPY while 50 FXS would convert to 2,476.54 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 2.38%. Meanwhile, in the last 24 hours, the rate has changed by 3.98%, which means that the highest exchange rate of 1 CJPY to FXS was 0.02035 FXS and the lowest 24 hour value was 1 CJPY for 0.01924 FXS. Last month, 1 CJPY was worth 0.01715 FXS. Today, it's up 17.75%. Looking back a year, Convertible JPY Token has changed by 0.004241 FXS. That means that in a single year, the value of Convertible JPY Token has grown by 376.04%.
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 (prev. FXS) Market Stats
Frax (prev. FXS) (FRAX) is a cryptocurrency launched in 2020and operates on the Ethereum platform. Frax (prev. FXS) has a current supply of 99,681,495.59113361 with 93,629,974.36838733 in circulation. The last known price of Frax (prev. FXS) is 0.25709195 USD and is down -1.81 over the last 24 hours. It is currently trading on 341 active market(s) with $307,974.38 traded over the last 24 hours.
Conversion tables
CJPY to FXS values from Today at 2:37 am
0.5 CJPY = 0.01009 FXS |
1 CJPY = 0.02019 FXS |
5 CJPY = 0.1009 FXS |
10 CJPY = 0.2019 FXS |
50 CJPY = 1.01 FXS |
100 CJPY = 2.02 FXS |
500 CJPY = 10.09 FXS |
1,000 CJPY = 20.19 FXS |
FXS to CJPY values from Today at 2:37 am
0.5 FXS = 24.77 CJPY |
1 FXS = 49.53 CJPY |
5 FXS = 247.65 CJPY |
10 FXS = 495.31 CJPY |
50 FXS = 2,476.54 CJPY |
100 FXS = 4,953.07 CJPY |
500 FXS = 24,765.35 CJPY |
1,000 FXS = 49,530.71 CJPY |
CJPY to FXS over time
CJPY | Today | 24H 3.82% | 1M 15.07% | 1Y 78.99% |
|---|---|---|---|---|
0.5 CJPY | 0.01009 FXS | 0.009709 FXS | 0.008573 FXS | 0.002121 FXS |
1 CJPY | 0.02019 FXS | 0.01942 FXS | 0.01715 FXS | 0.004241 FXS |
5 CJPY | 0.1009 FXS | 0.09709 FXS | 0.08573 FXS | 0.02121 FXS |
10 CJPY | 0.2019 FXS | 0.1942 FXS | 0.1715 FXS | 0.04241 FXS |
50 CJPY | 1.01 FXS | 0.9709 FXS | 0.8573 FXS | 0.2121 FXS |
100 CJPY | 2.02 FXS | 1.94 FXS | 1.71 FXS | 0.4241 FXS |
500 CJPY | 10.09 FXS | 9.71 FXS | 8.57 FXS | 2.12 FXS |
1,000 CJPY | 20.19 FXS | 19.42 FXS | 17.15 FXS | 4.24 FXS |
Frequently asked questions
Related conversions
Learn how to buy popular cryptocurrencies
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.