Convert Convertible JPY Token CJPY to Sky SKY
CJPY to SKY: 1 Convertible JPY Token converts to 0.07946 SKY
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About CJPY and SKY
Convertible JPY Token is falling, while Sky is climbing this week. The current CJPY to SKY conversion rate is 0.07946. Inversely, this means that if you convert 1 SKY you will get 12.58 CJPY. The conversion rate of CJPY/SKY has decreased by 1.79% in the last hour (SKY/CJPY increased by 1.79%). In the last 24 hours, CJPY/SKY shrunk by 13.85%, while SKY/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.07946 SKY. In other words, to buy 5 Convertible JPY Token, it would cost you 0.39731 SKY. Inversely, 1 SKY would allow you to trade for 12.58 CJPY while 50 SKY would convert to 629.23 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 11.31%. Meanwhile, in the last 24 hours, the rate has changed by 14.46%, and that the highest exchange rate of 1 CJPY to SKY was 0.09096 SKY and the lowest 24 hour value was 1 CJPY for 0.07885 SKY. Last month, 1 CJPY was worth 0.08289 SKY. Today, it's down 4.31%. Looking back a year, Convertible JPY Token has changed by 0.07577 SKY. That means that in a single year, the value of Convertible JPY Token has grown by 4.65%.
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.
Sky Market Stats
The SKY token is the native governance and utility token of the Sky Protocol, a decentralized finance (DeFi) platform that evolved from MakerDAO. It plays a central role in the protocol’s ecosystem, supporting a range of financial services and community-driven governance.
Conversion tables
CJPY to SKY values from Today at 10:57 am
0.5 CJPY = 0.03973 SKY |
1 CJPY = 0.07946 SKY |
5 CJPY = 0.3973 SKY |
10 CJPY = 0.7946 SKY |
50 CJPY = 3.97 SKY |
100 CJPY = 7.95 SKY |
500 CJPY = 39.73 SKY |
1,000 CJPY = 79.46 SKY |
SKY to CJPY values from Today at 10:59 am
0.5 SKY = 6.29 CJPY |
1 SKY = 12.58 CJPY |
5 SKY = 62.92 CJPY |
10 SKY = 125.85 CJPY |
50 SKY = 629.23 CJPY |
100 SKY = 1,258.46 CJPY |
500 SKY = 6,292.31 CJPY |
1,000 SKY = 12,584.63 CJPY |
CJPY to SKY over time
CJPY | Today | 24H -14.46% | 1M -4.31% | 1Y 4.65% |
|---|---|---|---|---|
0.5 CJPY | 0.03973 SKY | 0.04548 SKY | 0.04144 SKY | 0.03788 SKY |
1 CJPY | 0.07946 SKY | 0.09096 SKY | 0.08289 SKY | 0.07577 SKY |
5 CJPY | 0.3973 SKY | 0.4548 SKY | 0.4144 SKY | 0.3788 SKY |
10 CJPY | 0.7946 SKY | 0.9096 SKY | 0.8289 SKY | 0.7577 SKY |
50 CJPY | 3.97 SKY | 4.55 SKY | 4.14 SKY | 3.79 SKY |
100 CJPY | 7.95 SKY | 9.10 SKY | 8.29 SKY | 7.58 SKY |
500 CJPY | 39.73 SKY | 45.48 SKY | 41.44 SKY | 37.88 SKY |
1,000 CJPY | 79.46 SKY | 90.96 SKY | 82.89 SKY | 75.77 SKY |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.005173.
Based on the current rate, you could get 193.31 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 966.56 CJPY. Inversely, 5 CJPY will cost about $0.02586
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 Sketch Coin, LEMON, and Convex CRV. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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