Convert Convertible JPY Token CJPY to Kite KITE
CJPY to KITE: 1 Convertible JPY Token converts to 0.04496 KITE
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About CJPY and KITE
Convertible JPY Token is climbing, while Kite is falling this week. The current CJPY to KITE conversion rate is 0.04496. Inversely, this means that if you convert 1 KITE you will get 22.24 CJPY. The conversion rate of CJPY/KITE has increased by 0.93% in the last hour (KITE/CJPY decreased by 0.92%). In the last 24 hours, CJPY/KITE grew by 2.58%, while KITE/CJPY shrunk by 2.52%.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.04496 KITE. In other words, to buy 5 Convertible JPY Token, it would cost you 0.22478 KITE. Inversely, 1 KITE would allow you to trade for 22.24 CJPY while 50 KITE would convert to 1,112.20 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 7.07%. Meanwhile, in the last 24 hours, the rate has changed by 2.18%, which means that the highest exchange rate of 1 CJPY to KITE was 0.04562 KITE and the lowest 24 hour value was 1 CJPY for 0.04341 KITE. Last month, 1 CJPY was worth 0.03727 KITE. Today, it's up 20.62%. Looking back a year, Convertible JPY Token has changed by 0.04635 KITE. That means that in a single year, the value of Convertible JPY Token has shrank by 3%.
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.
Kite Market Stats
KITE is the native token of the Kite network, an AI-focused Layer-1 blockchain designed to power an “agentic economy,” where autonomous artificial intelligence agents transact, pay for services, and communicate on-chain without intermediaries.
Conversion tables
CJPY to KITE values from Today at 12:26 pm
0.5 CJPY = 0.02248 KITE |
1 CJPY = 0.04496 KITE |
5 CJPY = 0.2248 KITE |
10 CJPY = 0.4496 KITE |
50 CJPY = 2.25 KITE |
100 CJPY = 4.50 KITE |
500 CJPY = 22.48 KITE |
1,000 CJPY = 44.96 KITE |
KITE to CJPY values from Today at 12:29 pm
0.5 KITE = 11.12 CJPY |
1 KITE = 22.24 CJPY |
5 KITE = 111.22 CJPY |
10 KITE = 222.44 CJPY |
50 KITE = 1,112.20 CJPY |
100 KITE = 2,224.39 CJPY |
500 KITE = 11,121.96 CJPY |
1,000 KITE = 22,243.92 CJPY |
CJPY to KITE over time
CJPY | Today | 24H 2.14% | 1M 17.10% | 1Y -3.09% |
|---|---|---|---|---|
0.5 CJPY | 0.02248 KITE | 0.022 KITE | 0.01863 KITE | 0.02317 KITE |
1 CJPY | 0.04496 KITE | 0.044 KITE | 0.03727 KITE | 0.04635 KITE |
5 CJPY | 0.2248 KITE | 0.22 KITE | 0.1863 KITE | 0.2317 KITE |
10 CJPY | 0.4496 KITE | 0.44 KITE | 0.3727 KITE | 0.4635 KITE |
50 CJPY | 2.25 KITE | 2.20 KITE | 1.86 KITE | 2.32 KITE |
100 CJPY | 4.50 KITE | 4.40 KITE | 3.73 KITE | 4.63 KITE |
500 CJPY | 22.48 KITE | 22.00 KITE | 18.63 KITE | 23.17 KITE |
1,000 CJPY | 44.96 KITE | 44.00 KITE | 37.27 KITE | 46.35 KITE |
Frequently asked questions
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