Convert Convertible JPY Token CJPY to Sperax SPA
CJPY to SPA: 1 Convertible JPY Token converts to 1.62 SPA
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About CJPY and SPA
Convertible JPY Token is climbing, while Sperax is falling this week. The current CJPY to SPA conversion rate is 1.62. Inversely, this means that if you convert 1 SPA you will get 0.6191 CJPY. The conversion rate of CJPY/SPA has increased by 0.25% in the last hour (SPA/CJPY decreased by 0.25%). In the last 24 hours, CJPY/SPA grew by 4.43%, while SPA/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 1.62 SPA. In other words, to buy 5 Convertible JPY Token, it would cost you 8.08 SPA. Inversely, 1 SPA would allow you to trade for 0.6191 CJPY while 50 SPA would convert to 30.95 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.09%. Meanwhile, in the last 24 hours, the rate has changed by 4.23%, and that the highest exchange rate of 1 CJPY to SPA was 1.71 SPA and the lowest 24 hour value was 1 CJPY for 1.51 SPA. Last month, 1 CJPY was worth 1.96 SPA. Today, it's down 21.52%. Looking back a year, Convertible JPY Token has changed by 0.4036 SPA. That means that in a single year, the value of Convertible JPY Token has grown by 75.01%.
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.
Sperax Market Stats
SPA is the governance token of the Sperax ecosystem. Sperax is a DeFi protocol built on Arbitrum that mints Sperax USD - a stablecoin featuring ‘auto-yield’ generation. SPA tokens must be staked in order to participate in the Sperax DAO. Sperax ecosystem is governed by community of SPA stakers or veSPA holders, who make up Sperax DAO.
Conversion tables
CJPY to SPA values from Today at 11:33 pm
0.5 CJPY = 0.8077 SPA |
1 CJPY = 1.62 SPA |
5 CJPY = 8.08 SPA |
10 CJPY = 16.15 SPA |
50 CJPY = 80.77 SPA |
100 CJPY = 161.53 SPA |
500 CJPY = 807.66 SPA |
1,000 CJPY = 1,615.32 SPA |
SPA to CJPY values from Today at 11:35 pm
0.5 SPA = 0.3095 CJPY |
1 SPA = 0.6191 CJPY |
5 SPA = 3.10 CJPY |
10 SPA = 6.19 CJPY |
50 SPA = 30.95 CJPY |
100 SPA = 61.91 CJPY |
500 SPA = 309.54 CJPY |
1,000 SPA = 619.07 CJPY |
CJPY to SPA over time
CJPY | Today | 24H 4.23% | 1M -21.52% | 1Y 75.01% |
|---|---|---|---|---|
0.5 CJPY | 0.8077 SPA | 0.7735 SPA | 0.9815 SPA | 0.2018 SPA |
1 CJPY | 1.62 SPA | 1.55 SPA | 1.96 SPA | 0.4036 SPA |
5 CJPY | 8.08 SPA | 7.74 SPA | 9.81 SPA | 2.02 SPA |
10 CJPY | 16.15 SPA | 15.47 SPA | 19.63 SPA | 4.04 SPA |
50 CJPY | 80.77 SPA | 77.35 SPA | 98.15 SPA | 20.18 SPA |
100 CJPY | 161.53 SPA | 154.71 SPA | 196.29 SPA | 40.36 SPA |
500 CJPY | 807.66 SPA | 773.53 SPA | 981.46 SPA | 201.81 SPA |
1,000 CJPY | 1,615.32 SPA | 1,547.07 SPA | 1,962.92 SPA | 403.62 SPA |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.004255.
Based on the current rate, you could get 235.03 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 1,175.15 CJPY. Inversely, 5 CJPY will cost about $0.02127
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 Fine, BaseX, and BNBcat. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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