Convert Convertible JPY Token CJPY to Pudgy Penguins PENGU
CJPY to PENGU: 1 Convertible JPY Token converts to 0.7143 PENGU
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About CJPY and PENGU
Convertible JPY Token is falling, while Pudgy Penguins is climbing this week. The current CJPY to PENGU conversion rate is 0.7143. Inversely, this means that if you convert 1 PENGU you will get 1.40 CJPY. The conversion rate of CJPY/PENGU has decreased by 0.68% in the last hour (PENGU/CJPY increased by 0.69%). In the last 24 hours, CJPY/PENGU shrunk by 0.3%, while PENGU/CJPY grew by 0.3%.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.7143 PENGU. In other words, to buy 5 Convertible JPY Token, it would cost you 3.5715 PENGU. Inversely, 1 PENGU would allow you to trade for 1.40 CJPY while 50 PENGU would convert to 70.00 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 8.14%. Meanwhile, in the last 24 hours, the rate has changed by 0.04%, which means that the highest exchange rate of 1 CJPY to PENGU was 0.7354 PENGU and the lowest 24 hour value was 1 CJPY for 0.7098 PENGU. Last month, 1 CJPY was worth 0.5611 PENGU. Today, it's up 27.31%. Looking back a year, Convertible JPY Token has changed by 0.3658 PENGU. That means that in a single year, the value of Convertible JPY Token has grown by 95.25%.
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.
Pudgy Penguins Market Stats
The Pudgy Penguins brand produces content, merchandise, toys, and digital collectables. PENGU is the official Pudgy Penguins token.
Conversion tables
CJPY to PENGU values from Today at 10:22 pm
0.5 CJPY = 0.3571 PENGU |
1 CJPY = 0.7143 PENGU |
5 CJPY = 3.57 PENGU |
10 CJPY = 7.14 PENGU |
50 CJPY = 35.71 PENGU |
100 CJPY = 71.43 PENGU |
500 CJPY = 357.15 PENGU |
1,000 CJPY = 714.30 PENGU |
PENGU to CJPY values from Today at 10:22 pm
0.5 PENGU = 0.70 CJPY |
1 PENGU = 1.40 CJPY |
5 PENGU = 7.00 CJPY |
10 PENGU = 14.00 CJPY |
50 PENGU = 70.00 CJPY |
100 PENGU = 140.00 CJPY |
500 PENGU = 699.99 CJPY |
1,000 PENGU = 1,399.97 CJPY |
CJPY to PENGU over time
CJPY | Today | 24H -0.04% | 1M 21.45% | 1Y 48.78% |
|---|---|---|---|---|
0.5 CJPY | 0.3571 PENGU | 0.3573 PENGU | 0.2805 PENGU | 0.1829 PENGU |
1 CJPY | 0.7143 PENGU | 0.7146 PENGU | 0.5611 PENGU | 0.3658 PENGU |
5 CJPY | 3.57 PENGU | 3.57 PENGU | 2.81 PENGU | 1.83 PENGU |
10 CJPY | 7.14 PENGU | 7.15 PENGU | 5.61 PENGU | 3.66 PENGU |
50 CJPY | 35.71 PENGU | 35.73 PENGU | 28.05 PENGU | 18.29 PENGU |
100 CJPY | 71.43 PENGU | 71.46 PENGU | 56.11 PENGU | 36.58 PENGU |
500 CJPY | 357.15 PENGU | 357.30 PENGU | 280.55 PENGU | 182.92 PENGU |
1,000 CJPY | 714.30 PENGU | 714.61 PENGU | 561.09 PENGU | 365.84 PENGU |
Frequently asked questions
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