Convert Lao Kip LAK to Convertible JPY Token CJPY
1 LAK converts to 0.01072 CJPY
About Convertible JPY Token
Convertible JPY Token is falling this week. The current price of Convertible JPY Token is LAK 93.27 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of LAK 19,918,273,333.72. The amount of Convertible JPY Token traded has fallen by -LAK 5,218,325 in the last 24 hours, which is a 86.14% decrease. Additionally, in the last day, LAK 6,057,839 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is LAK 93.27 LAK. In other words, to buy 5 Convertible JPY Token, it would cost you LAK 466.34 LAK. Inversely, LAK 1 LAK would allow you to trade for 0.01072 CJPY while LAK 50 LAK would convert to 0.5361 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 5.33%. Meanwhile, in the last 24 hours, the rate has changed by 0.76%, which means that the highest exchange rate of 1 CJPY to LAK was LAK 93.97 LAK and the lowest 24 hour value was 1 CJPY for LAK 92.56 LAK. Last month, 1 CJPY was worth LAK 106.25 LAK. Today, it's down 12.54%. Looking back a year, Convertible JPY Token has changed by LAK 130.18 LAK. That means that in a single year, the value of Convertible JPY Token has shrank by 29.83%.
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
LAK to CJPY values from Today at
LAK 1 LAK = 0.005361 CJPY |
LAK 1 LAK = 0.01072 CJPY |
LAK 5 LAK = 0.05361 CJPY |
LAK 10 LAK = 0.1072 CJPY |
LAK 50 LAK = 0.5361 CJPY |
LAK 100 LAK = 1.07 CJPY |
LAK 500 LAK = 5.36 CJPY |
LAK 1,000 LAK = 10.72 CJPY |
CJPY to LAK values from Today at 12:26 am
0.5 CJPY = LAK 46.63 LAK |
1 CJPY = LAK 93.27 LAK |
5 CJPY = LAK 466.34 LAK |
10 CJPY = LAK 932.68 LAK |
50 CJPY = LAK 4,663.38 LAK |
100 CJPY = LAK 9,326.75 LAK |
500 CJPY = LAK 46,633.76 LAK |
1,000 CJPY = LAK 93,267.53 LAK |
LAK to CJPY over time
LAK | Today | 24H -1.06% | 1M -0.94% | 1Y -0.77% |
|---|---|---|---|---|
0.5 LAK | 0.005361 CJPY | 0.005323 CJPY | 0.004706 CJPY | 0.003841 CJPY |
1 LAK | 0.01072 CJPY | 0.01065 CJPY | 0.009412 CJPY | 0.007681 CJPY |
5 LAK | 0.05361 CJPY | 0.05323 CJPY | 0.04706 CJPY | 0.03841 CJPY |
10 LAK | 0.1072 CJPY | 0.1065 CJPY | 0.09412 CJPY | 0.07681 CJPY |
50 LAK | 0.5361 CJPY | 0.5323 CJPY | 0.4706 CJPY | 0.3841 CJPY |
100 LAK | 1.07 CJPY | 1.06 CJPY | 0.9412 CJPY | 0.7681 CJPY |
500 LAK | 5.36 CJPY | 5.32 CJPY | 4.71 CJPY | 3.84 CJPY |
1,000 LAK | 10.72 CJPY | 10.65 CJPY | 9.41 CJPY | 7.68 CJPY |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about LAK 93.27.
Based on the current rate, you could get 0.01072 CJPY for 1 LAK.
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 LAK calculator at the top of this page to convert any amount of CJPY to LAK. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 LAK is equivalent to 0.05361 CJPY. Inversely, 5 CJPY will cost about LAK 466.34
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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