Convert Karrat KARRAT to Convertible JPY Token CJPY
KARRAT to CJPY: 1 Karrat converts to 0.6357 CJPY
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About KARRAT and CJPY
Karrat is falling, while Convertible JPY Token is climbing this week. The current KARRAT to CJPY conversion rate is 0.6357. Inversely, this means that if you convert 1 CJPY you will get 1.57 KARRAT. The conversion rate of KARRAT/CJPY has decreased by 0.1% in the last hour (CJPY/KARRAT increased by 0.1%). In the last 24 hours, KARRAT/CJPY shrunk by 1.79%, while CJPY/KARRAT grew by the same amount.
The exchange rate of Karrat is decreasing. The current value of 1 KARRAT is 0.6357 CJPY. In other words, to buy 5 Karrat, it would cost you 3.1783 CJPY. Inversely, 1 CJPY would allow you to trade for 1.57 KARRAT while 50 CJPY would convert to 78.66 KARRAT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 12.84%. Meanwhile, in the last 24 hours, the rate has changed by 1.73%, and that the highest exchange rate of 1 KARRAT to CJPY was 0.6489 CJPY and the lowest 24 hour value was 1 KARRAT for 0.6189 CJPY. Last month, 1 KARRAT was worth 0.8853 CJPY. Today, it's down 39.27%. Looking back a year, Karrat has changed by 8.00 CJPY. That means that in a single year, the value of Karrat has shrank by 1,158.92%.
Karrat Market Stats
The KARRAT Protocol is a decentralized gaming infrastructure layer and aims to cultivate a community-driven environment that propels the next wave of gaming and entertainment innovation. The gaming studio that built My Pet Hooligan, AMGI Studios, is an early ecosystem participant within the KARRAT Protocol. KARRAT tokens govern the KARRAT Protocol. KARRAT tokens can be used to participate in the protocol’s governance process which spans onchain and offchain voting.
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
KARRAT to CJPY values from Today at 12:04 am
0.5 KARRAT = 0.3178 CJPY |
1 KARRAT = 0.6357 CJPY |
5 KARRAT = 3.18 CJPY |
10 KARRAT = 6.36 CJPY |
50 KARRAT = 31.78 CJPY |
100 KARRAT = 63.57 CJPY |
500 KARRAT = 317.83 CJPY |
1,000 KARRAT = 635.67 CJPY |
CJPY to KARRAT values from Today at 12:02 am
0.5 CJPY = 0.7866 KARRAT |
1 CJPY = 1.57 KARRAT |
5 CJPY = 7.87 KARRAT |
10 CJPY = 15.73 KARRAT |
50 CJPY = 78.66 KARRAT |
100 CJPY = 157.31 KARRAT |
500 CJPY = 786.57 KARRAT |
1,000 CJPY = 1,573.15 KARRAT |
KARRAT to CJPY over time
KARRAT | Today | 24H -1.73% | 1M -39.27% | 1Y -1,158.92% |
|---|---|---|---|---|
0.5 KARRAT | 0.3178 CJPY | 0.3233 CJPY | 0.4426 CJPY | 4.00 CJPY |
1 KARRAT | 0.6357 CJPY | 0.6467 CJPY | 0.8853 CJPY | 8.00 CJPY |
5 KARRAT | 3.18 CJPY | 3.23 CJPY | 4.43 CJPY | 40.01 CJPY |
10 KARRAT | 6.36 CJPY | 6.47 CJPY | 8.85 CJPY | 80.03 CJPY |
50 KARRAT | 31.78 CJPY | 32.33 CJPY | 44.26 CJPY | 400.13 CJPY |
100 KARRAT | 63.57 CJPY | 64.67 CJPY | 88.53 CJPY | 800.25 CJPY |
500 KARRAT | 317.83 CJPY | 323.33 CJPY | 442.65 CJPY | 4,001.27 CJPY |
1,000 KARRAT | 635.67 CJPY | 646.65 CJPY | 885.30 CJPY | 8,002.53 CJPY |
Frequently asked questions
Right now, 1 Karrat is worth about $0.00292.
Based on the current rate, you could get 342.47 KARRAT for 1 USD.
Karrat price has been on the rise. Since yesterday, the exchange rate of Karrat has increased. Since last month, the exchange rate of Karrat has decreased. Since this time last year, the price of Karrat has decreased.
You can use our KARRAT to USD calculator at the top of this page to convert any amount of KARRAT to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 1,712.33 KARRAT. Inversely, 5 KARRAT will cost about $0.0146
Karrat is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Karrat.
There are a number of crypto assets that have the a similar or comparable market cap to Karrat, including The White Whale, Vameon, and Volt Inu. For a more robust list of assets to explore, jump to the asset page dedicated to Karrat.
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