Convert Dai DAI to Convertible JPY Token CJPY
1 DAI converts to 228.21 CJPY
About DAI and CJPY
Dai is falling, while Convertible JPY Token is climbing this week. The current DAI to CJPY conversion rate is 228.21. Inversely, this means that if you convert 1 CJPY you will get 0.004382 DAI. The conversion rate of DAI/CJPY has decreased by 0.72% in the last hour (CJPY/DAI increased by 0.72%). In the last 24 hours, DAI/CJPY shrunk by 1.22%, while CJPY/DAI grew by the same amount.
The exchange rate of Dai is decreasing. The current value of 1 DAI is 228.21 CJPY. In other words, to buy 5 Dai, it would cost you 1,141.03 CJPY. Inversely, 1 CJPY would allow you to trade for 0.004382 DAI while 50 CJPY would convert to 0.2191 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 8.47%. Meanwhile, in the last 24 hours, the rate has changed by 1.21%, and that the highest exchange rate of 1 DAI to CJPY was 231.73 CJPY and the lowest 24 hour value was 1 DAI for 227.39 CJPY. Last month, 1 DAI was worth 239.45 CJPY. Today, it's down 4.93%. Looking back a year, Dai has changed by 165.11 CJPY. That means that in a single year, the value of Dai has grown by 27.65%.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
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
DAI to CJPY values from Today at 6:16 am
0.5 DAI = 114.10 CJPY |
1 DAI = 228.21 CJPY |
5 DAI = 1,141.03 CJPY |
10 DAI = 2,282.07 CJPY |
50 DAI = 11,410.34 CJPY |
100 DAI = 22,820.68 CJPY |
500 DAI = 114,103.40 CJPY |
1,000 DAI = 228,206.81 CJPY |
CJPY to DAI values from Today at 6:16 am
0.5 CJPY = 0.002191 DAI |
1 CJPY = 0.004382 DAI |
5 CJPY = 0.02191 DAI |
10 CJPY = 0.04382 DAI |
50 CJPY = 0.2191 DAI |
100 CJPY = 0.4382 DAI |
500 CJPY = 2.19 DAI |
1,000 CJPY = 4.38 DAI |
DAI to CJPY over time
DAI | Today | 24H -1.21% | 1M -4.93% | 1Y 27.65% |
|---|---|---|---|---|
0.5 DAI | 114.10 CJPY | 115.48 CJPY | 119.72 CJPY | 82.55 CJPY |
1 DAI | 228.21 CJPY | 230.96 CJPY | 239.45 CJPY | 165.11 CJPY |
5 DAI | 1,141.03 CJPY | 1,154.82 CJPY | 1,197.25 CJPY | 825.53 CJPY |
10 DAI | 2,282.07 CJPY | 2,309.63 CJPY | 2,394.49 CJPY | 1,651.07 CJPY |
50 DAI | 11,410.34 CJPY | 11,548.15 CJPY | 11,972.45 CJPY | 8,255.34 CJPY |
100 DAI | 22,820.68 CJPY | 23,096.30 CJPY | 23,944.90 CJPY | 16,510.69 CJPY |
500 DAI | 114,103.40 CJPY | 115,481.51 CJPY | 119,724.50 CJPY | 82,553.44 CJPY |
1,000 DAI | 228,206.81 CJPY | 230,963.03 CJPY | 239,449.00 CJPY | 165,106.88 CJPY |
Frequently asked questions
Right now, 1 Dai is worth about $0.9997.
Based on the current rate, you could get 1.00 DAI for 1 USD.
Dai price has been on the rise. Since yesterday, the exchange rate of Dai has increased. Since last month, the exchange rate of Dai has increased. Since this time last year, the price of Dai has decreased.
You can use our DAI to USD calculator at the top of this page to convert any amount of DAI to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 5.00 DAI. Inversely, 5 DAI will cost about $5.00
Dai is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Dai.
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