Convert Convertible JPY Token CJPY to MetaDAO META
CJPY to META: 1 Convertible JPY Token converts to 0.0009564 META
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About CJPY and META
Convertible JPY Token is climbing, while MetaDAO is falling this week. The current CJPY to META conversion rate is 0.0009564. Inversely, this means that if you convert 1 META you will get 1,045.60 CJPY. The conversion rate of CJPY/META has increased by 1.02% in the last hour (META/CJPY decreased by 1.02%). In the last 24 hours, CJPY/META grew by 2.1%, while META/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.0009564 META. In other words, to buy 5 Convertible JPY Token, it would cost you 0.0047819 META. Inversely, 1 META would allow you to trade for 1,045.60 CJPY while 50 META would convert to 52,280.08 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 14.06%. Meanwhile, in the last 24 hours, the rate has changed by 1.26%, and that the highest exchange rate of 1 CJPY to META was 0.0009875 META and the lowest 24 hour value was 1 CJPY for 0.0009225 META. Last month, 1 CJPY was worth 0.0009445 META. Today, it's up 1.24%. Looking back a year, Convertible JPY Token has changed by 0.003742 META. That means that in a single year, the value of Convertible JPY Token has shrank by 291.24%.
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.
MetaDAO Market Stats
MetaDAO is a blockchain-based platform designed to enable decentralized autonomous organizations (DAOs) for diverse applications. The $META token serves as a utility token within the ecosystem, facilitating interactions and governance mechanisms specific to MetaDAO's services.
Conversion tables
CJPY to META values from Today at 2:00 am
0.5 CJPY = 0.0004782 META |
1 CJPY = 0.0009564 META |
5 CJPY = 0.004782 META |
10 CJPY = 0.009564 META |
50 CJPY = 0.04782 META |
100 CJPY = 0.09564 META |
500 CJPY = 0.4782 META |
1,000 CJPY = 0.9564 META |
META to CJPY values from Today at 2:00 am
0.5 META = 522.80 CJPY |
1 META = 1,045.60 CJPY |
5 META = 5,228.01 CJPY |
10 META = 10,456.02 CJPY |
50 META = 52,280.08 CJPY |
100 META = 104,560.17 CJPY |
500 META = 522,800.84 CJPY |
1,000 META = 1,045,601.67 CJPY |
CJPY to META over time
CJPY | Today | 24H 1.26% | 1M 1.24% | 1Y -291.24% |
|---|---|---|---|---|
0.5 CJPY | 0.0004782 META | 0.0004722 META | 0.0004723 META | 0.001871 META |
1 CJPY | 0.0009564 META | 0.0009443 META | 0.0009445 META | 0.003742 META |
5 CJPY | 0.004782 META | 0.004722 META | 0.004723 META | 0.01871 META |
10 CJPY | 0.009564 META | 0.009443 META | 0.009445 META | 0.03742 META |
50 CJPY | 0.04782 META | 0.04722 META | 0.04723 META | 0.1871 META |
100 CJPY | 0.09564 META | 0.09443 META | 0.09445 META | 0.3742 META |
500 CJPY | 0.4782 META | 0.4722 META | 0.4723 META | 1.87 META |
1,000 CJPY | 0.9564 META | 0.9443 META | 0.9445 META | 3.74 META |
Frequently asked questions
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