Convert Convertible JPY Token CJPY to Maker MKR
1 CJPY converts to 0.000003094 MKR
About CJPY and MKR
Convertible JPY Token is climbing, while Maker is falling this week. The current CJPY to MKR conversion rate is 0.000003094. Inversely, this means that if you convert 1 MKR you will get 323,238.95 CJPY. The conversion rate of CJPY/MKR has increased by 0.41% in the last hour (MKR/CJPY decreased by 0.41%). In the last 24 hours, CJPY/MKR grew by 1.94%, while MKR/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.000003094 MKR. In other words, to buy 5 Convertible JPY Token, it would cost you 0.000015468 MKR. Inversely, 1 MKR would allow you to trade for 323,238.95 CJPY while 50 MKR would convert to 16,161,947.43 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 7.51%. Meanwhile, in the last 24 hours, the rate has changed by 2.02%, which means that the highest exchange rate of 1 CJPY to MKR was 0.000003151 MKR and the lowest 24 hour value was 1 CJPY for 0.000002775 MKR. Last month, 1 CJPY was worth 0.000002625 MKR. Today, it's up 15.16%. Looking back a year, Convertible JPY Token has changed by 0.00000301 MKR. That means that in a single year, the value of Convertible JPY Token has grown by 2.7%.
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.
Maker Market Stats
Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.
Conversion tables
CJPY to MKR values from Today at 4:12 pm
0.5 CJPY = 0.000001547 MKR |
1 CJPY = 0.000003094 MKR |
5 CJPY = 0.00001547 MKR |
10 CJPY = 0.00003094 MKR |
50 CJPY = 0.0001547 MKR |
100 CJPY = 0.0003094 MKR |
500 CJPY = 0.001547 MKR |
1,000 CJPY = 0.003094 MKR |
MKR to CJPY values from Today at 4:10 pm
0.5 MKR = 161,619.47 CJPY |
1 MKR = 323,238.95 CJPY |
5 MKR = 1,616,194.74 CJPY |
10 MKR = 3,232,389.49 CJPY |
50 MKR = 16,161,947.43 CJPY |
100 MKR = 32,323,894.86 CJPY |
500 MKR = 161,619,474.28 CJPY |
1,000 MKR = 323,238,948.56 CJPY |
CJPY to MKR over time
CJPY | Today | 24H 2.02% | 1M 15.16% | 1Y 2.70% |
|---|---|---|---|---|
0.5 CJPY | 0.000001547 MKR | 0.000001516 MKR | 0.000001312 MKR | 0.000001505 MKR |
1 CJPY | 0.000003094 MKR | 0.000003031 MKR | 0.000002625 MKR | 0.00000301 MKR |
5 CJPY | 0.00001547 MKR | 0.00001516 MKR | 0.00001312 MKR | 0.00001505 MKR |
10 CJPY | 0.00003094 MKR | 0.00003031 MKR | 0.00002625 MKR | 0.0000301 MKR |
50 CJPY | 0.0001547 MKR | 0.0001516 MKR | 0.0001312 MKR | 0.0001505 MKR |
100 CJPY | 0.0003094 MKR | 0.0003031 MKR | 0.0002625 MKR | 0.000301 MKR |
500 CJPY | 0.001547 MKR | 0.001516 MKR | 0.001312 MKR | 0.001505 MKR |
1,000 CJPY | 0.003094 MKR | 0.003031 MKR | 0.002625 MKR | 0.00301 MKR |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.004188.
Based on the current rate, you could get 238.76 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 decreased. 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 1,193.82 CJPY. Inversely, 5 CJPY will cost about $0.02094
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 TurtSat, Wrapped MistCoin, and NPRO. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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