Convert Convertible JPY Token CJPY to Raydium RAY
CJPY to RAY: 1 Convertible JPY Token converts to 0.002838 RAY
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About CJPY and RAY
Convertible JPY Token is falling, while Raydium is climbing this week. The current CJPY to RAY conversion rate is 0.002838. Inversely, this means that if you convert 1 RAY you will get 352.36 CJPY. The conversion rate of CJPY/RAY has increased by 0.51% in the last hour (RAY/CJPY decreased by 0.51%). In the last 24 hours, CJPY/RAY shrunk by 4.89%, while RAY/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.002838 RAY. In other words, to buy 5 Convertible JPY Token, it would cost you 0.01419 RAY. Inversely, 1 RAY would allow you to trade for 352.36 CJPY while 50 RAY would convert to 17,617.85 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 29.31%. Meanwhile, in the last 24 hours, the rate has changed by 6.28%, and that the highest exchange rate of 1 CJPY to RAY was 0.003186 RAY and the lowest 24 hour value was 1 CJPY for 0.002788 RAY. Last month, 1 CJPY was worth 0.00701 RAY. Today, it's down 147.01%. Looking back a year, Convertible JPY Token has changed by 0.002029 RAY. That means that in a single year, the value of Convertible JPY Token has grown by 28.51%.
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.
Raydium Market Stats
RAY is the native utility token for Raydium, an automated market maker (AMM) and decentralized exchange built on the Solana blockchain. Holders can stake RAY to earn a portion of protocol fees, participate in initial DEX offerings (IDOs), and vote on governance proposals regarding the platform’s development.
Conversion tables
CJPY to RAY values from Today at 12:29 am
0.5 CJPY = 0.001419 RAY |
1 CJPY = 0.002838 RAY |
5 CJPY = 0.01419 RAY |
10 CJPY = 0.02838 RAY |
50 CJPY = 0.1419 RAY |
100 CJPY = 0.2838 RAY |
500 CJPY = 1.42 RAY |
1,000 CJPY = 2.84 RAY |
RAY to CJPY values from Today at 12:31 am
0.5 RAY = 176.18 CJPY |
1 RAY = 352.36 CJPY |
5 RAY = 1,761.78 CJPY |
10 RAY = 3,523.57 CJPY |
50 RAY = 17,617.85 CJPY |
100 RAY = 35,235.70 CJPY |
500 RAY = 176,178.49 CJPY |
1,000 RAY = 352,356.97 CJPY |
CJPY to RAY over time
CJPY | Today | 24H -6.28% | 1M -147.01% | 1Y 28.51% |
|---|---|---|---|---|
0.5 CJPY | 0.001419 RAY | 0.001508 RAY | 0.003505 RAY | 0.001014 RAY |
1 CJPY | 0.002838 RAY | 0.003016 RAY | 0.00701 RAY | 0.002029 RAY |
5 CJPY | 0.01419 RAY | 0.01508 RAY | 0.03505 RAY | 0.01014 RAY |
10 CJPY | 0.02838 RAY | 0.03016 RAY | 0.0701 RAY | 0.02029 RAY |
50 CJPY | 0.1419 RAY | 0.1508 RAY | 0.3505 RAY | 0.1014 RAY |
100 CJPY | 0.2838 RAY | 0.3016 RAY | 0.701 RAY | 0.2029 RAY |
500 CJPY | 1.42 RAY | 1.51 RAY | 3.51 RAY | 1.01 RAY |
1,000 CJPY | 2.84 RAY | 3.02 RAY | 7.01 RAY | 2.03 RAY |
Frequently asked questions
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