Convert Convertible JPY Token CJPY to Venezuelan Bolívar Soberano VES
1 CJPY converts to VES 2.60 VES as of June 16 at 3:06 PM
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About Convertible JPY Token
Convertible JPY Token is falling this week. The current price of Convertible JPY Token is VES 2.60 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of VES 548,048,671.76. The amount of Convertible JPY Token traded has risen by VES 191,640.45 in the last 24 hours, which is a 7.88% increase. Additionally, in the last day, VES 2,431,302.26 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is VES 2.60 VES. In other words, to buy 5 Convertible JPY Token, it would cost you VES 13.02 VES. Inversely, VES 1.00 VES would allow you to trade for 0.3841 CJPY while VES 50.00 VES would convert to 19.21 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.53%. Meanwhile, in the last 24 hours, the rate has changed by 0.46%, which means that the highest exchange rate of 1 CJPY to VES was VES 2.63 VES and the lowest 24 hour value was 1 CJPY for VES 2.52 VES. Last month, 1 CJPY was worth VES 2.40 VES. Today, it's down 6.72%. Looking back a year, Convertible JPY Token has changed by VES 2.90 VES. That means that in a single year, the value of Convertible JPY Token has shrank by 27.29%.
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.
Conversion tables
CJPY to VES values from Today at 3:06 pm
0.5 CJPY = VES 1.30 VES |
1 CJPY = VES 2.60 VES |
5 CJPY = VES 13.02 VES |
10 CJPY = VES 26.03 VES |
50 CJPY = VES 130.17 VES |
100 CJPY = VES 260.34 VES |
500 CJPY = VES 1,301.68 VES |
1,000 CJPY = VES 2,603.36 VES |
VES to CJPY values from Today at 3:07 pm
VES 0.50 VES = 0.1921 CJPY |
VES 1.00 VES = 0.3841 CJPY |
VES 5.00 VES = 1.92 CJPY |
VES 10.00 VES = 3.84 CJPY |
VES 50.00 VES = 19.21 CJPY |
VES 100.00 VES = 38.41 CJPY |
VES 500.00 VES = 192.06 CJPY |
VES 1,000.00 VES = 384.12 CJPY |
CJPY to VES over time
CJPY | Today | 24H 99.93% | 1M 99.94% | 1Y 99.92% |
|---|---|---|---|---|
0.5 CJPY | VES 1.30 VES | VES 1.29 VES | VES 1.20 VES | VES 1.45 VES |
1 CJPY | VES 2.60 VES | VES 2.57 VES | VES 2.40 VES | VES 2.90 VES |
5 CJPY | VES 13.02 VES | VES 12.85 VES | VES 12.02 VES | VES 14.52 VES |
10 CJPY | VES 26.03 VES | VES 25.71 VES | VES 24.05 VES | VES 29.04 VES |
50 CJPY | VES 130.17 VES | VES 128.55 VES | VES 120.24 VES | VES 145.22 VES |
100 CJPY | VES 260.34 VES | VES 257.09 VES | VES 240.47 VES | VES 290.43 VES |
500 CJPY | VES 1,301.68 VES | VES 1,285.46 VES | VES 1,202.37 VES | VES 1,452.15 VES |
1,000 CJPY | VES 2,603.36 VES | VES 2,570.92 VES | VES 2,404.74 VES | VES 2,904.31 VES |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about VES 2.60.
Based on the current rate, you could get 0.3841 CJPY for 1 VES.
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 VES calculator at the top of this page to convert any amount of CJPY to VES. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 VES is equivalent to 1.92 CJPY. Inversely, 5 CJPY will cost about VES 13.02
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 Canary, GROYPER (groyperarmy.com), and TIWICAT. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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