Convert Convertible JPY Token CJPY to Litentry LIT
CJPY to LIT: 1 Convertible JPY Token converts to 0.05119 LIT
About CJPY and LIT
Convertible JPY Token is climbing, while Litentry is falling this week. The current CJPY to LIT conversion rate is 0.05119. Inversely, this means that if you convert 1 LIT you will get 19.54 CJPY. The conversion rate of CJPY/LIT has increased by 0.2% in the last hour (LIT/CJPY decreased by 0.2%). In the last 24 hours, CJPY/LIT grew by 6.13%, while LIT/CJPY shrunk by 5.78%.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.05119 LIT. In other words, to buy 5 Convertible JPY Token, it would cost you 0.25593 LIT. Inversely, 1 LIT would allow you to trade for 19.54 CJPY while 50 LIT would convert to 976.82 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 9.33%. Meanwhile, in the last 24 hours, the rate has changed by 4.43%, which means that the highest exchange rate of 1 CJPY to LIT was 0.05208 LIT and the lowest 24 hour value was 1 CJPY for 0.04686 LIT. Last month, 1 CJPY was worth 0.03407 LIT. Today, it's up 50.24%. Looking back a year, Convertible JPY Token has changed by 0.02317 LIT. That means that in a single year, the value of Convertible JPY Token has grown by 120.93%.
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.
Litentry Market Stats
LIT is the native token of the Litentry parachain network. Litentry is a Decentralized Identity Aggregator, supporting on-chain identity verification and management for decentralized applications and their users.
Conversion tables
CJPY to LIT values from Today at 8:44 pm
0.5 CJPY = 0.02559 LIT |
1 CJPY = 0.05119 LIT |
5 CJPY = 0.2559 LIT |
10 CJPY = 0.5119 LIT |
50 CJPY = 2.56 LIT |
100 CJPY = 5.12 LIT |
500 CJPY = 25.59 LIT |
1,000 CJPY = 51.19 LIT |
LIT to CJPY values from Today at 8:43 pm
0.5 LIT = 9.77 CJPY |
1 LIT = 19.54 CJPY |
5 LIT = 97.68 CJPY |
10 LIT = 195.36 CJPY |
50 LIT = 976.82 CJPY |
100 LIT = 1,953.65 CJPY |
500 LIT = 9,768.23 CJPY |
1,000 LIT = 19,536.46 CJPY |
CJPY to LIT over time
CJPY | Today | 24H 4.24% | 1M 33.44% | 1Y 54.74% |
|---|---|---|---|---|
0.5 CJPY | 0.02559 LIT | 0.02451 LIT | 0.01704 LIT | 0.01158 LIT |
1 CJPY | 0.05119 LIT | 0.04902 LIT | 0.03407 LIT | 0.02317 LIT |
5 CJPY | 0.2559 LIT | 0.2451 LIT | 0.1704 LIT | 0.1158 LIT |
10 CJPY | 0.5119 LIT | 0.4902 LIT | 0.3407 LIT | 0.2317 LIT |
50 CJPY | 2.56 LIT | 2.45 LIT | 1.70 LIT | 1.16 LIT |
100 CJPY | 5.12 LIT | 4.90 LIT | 3.41 LIT | 2.32 LIT |
500 CJPY | 25.59 LIT | 24.51 LIT | 17.04 LIT | 11.58 LIT |
1,000 CJPY | 51.19 LIT | 49.02 LIT | 34.07 LIT | 23.17 LIT |
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