Convert Convertible JPY Token CJPY to THORChain RUNE
CJPY to RUNE: 1 Convertible JPY Token converts to 0.009202 RUNE
About CJPY and RUNE
Convertible JPY Token is falling, while THORChain is climbing this week. The current CJPY to RUNE conversion rate is 0.009202. Inversely, this means that if you convert 1 RUNE you will get 108.67 CJPY. The conversion rate of CJPY/RUNE has decreased by 0.08% in the last hour (RUNE/CJPY increased by 0.08%). In the last 24 hours, CJPY/RUNE shrunk by 2.22%, while RUNE/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.009202 RUNE. In other words, to buy 5 Convertible JPY Token, it would cost you 0.046009 RUNE. Inversely, 1 RUNE would allow you to trade for 108.67 CJPY while 50 RUNE would convert to 5,433.66 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 9.07%. Meanwhile, in the last 24 hours, the rate has changed by 2.25%, and that the highest exchange rate of 1 CJPY to RUNE was 0.009644 RUNE and the lowest 24 hour value was 1 CJPY for 0.009033 RUNE. Last month, 1 CJPY was worth 0.01138 RUNE. Today, it's down 23.64%. Looking back a year, Convertible JPY Token has changed by 0.004489 RUNE. That means that in a single year, the value of Convertible JPY Token has grown by 51.22%.
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.
THORChain Market Stats
Conversion tables
CJPY to RUNE values from Today at 8:44 pm
0.5 CJPY = 0.004601 RUNE |
1 CJPY = 0.009202 RUNE |
5 CJPY = 0.04601 RUNE |
10 CJPY = 0.09202 RUNE |
50 CJPY = 0.4601 RUNE |
100 CJPY = 0.9202 RUNE |
500 CJPY = 4.60 RUNE |
1,000 CJPY = 9.20 RUNE |
RUNE to CJPY values from Today at 8:44 pm
0.5 RUNE = 54.34 CJPY |
1 RUNE = 108.67 CJPY |
5 RUNE = 543.37 CJPY |
10 RUNE = 1,086.73 CJPY |
50 RUNE = 5,433.66 CJPY |
100 RUNE = 10,867.32 CJPY |
500 RUNE = 54,336.62 CJPY |
1,000 RUNE = 108,673.24 CJPY |
CJPY to RUNE over time
CJPY | Today | 24H -2.25% | 1M -23.64% | 1Y 51.22% |
|---|---|---|---|---|
0.5 CJPY | 0.004601 RUNE | 0.004705 RUNE | 0.005688 RUNE | 0.002244 RUNE |
1 CJPY | 0.009202 RUNE | 0.009409 RUNE | 0.01138 RUNE | 0.004489 RUNE |
5 CJPY | 0.04601 RUNE | 0.04705 RUNE | 0.05688 RUNE | 0.02244 RUNE |
10 CJPY | 0.09202 RUNE | 0.09409 RUNE | 0.1138 RUNE | 0.04489 RUNE |
50 CJPY | 0.4601 RUNE | 0.4705 RUNE | 0.5688 RUNE | 0.2244 RUNE |
100 CJPY | 0.9202 RUNE | 0.9409 RUNE | 1.14 RUNE | 0.4489 RUNE |
500 CJPY | 4.60 RUNE | 4.70 RUNE | 5.69 RUNE | 2.24 RUNE |
1,000 CJPY | 9.20 RUNE | 9.41 RUNE | 11.38 RUNE | 4.49 RUNE |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.005184.
Based on the current rate, you could get 192.89 CJPY for 1 USD.
Convertible JPY Token price has been on the rise. Since yesterday, the exchange rate of Convertible JPY Token has increased. Since last month, the exchange rate of Convertible JPY Token has increased. 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 964.46 CJPY. Inversely, 5 CJPY will cost about $0.02592
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 Short-term T-Bill Token, XRP20, and Fine. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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