Convert Loopring LRC to Convertible JPY Token CJPY
LRC to CJPY: 1 Loopring converts to 3.15 CJPY
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About LRC and CJPY
Loopring is climbing, while Convertible JPY Token is falling this week. The current LRC to CJPY conversion rate is 3.15. Inversely, this means that if you convert 1 CJPY you will get 0.3178 LRC. The conversion rate of LRC/CJPY has increased by 0.88% in the last hour (CJPY/LRC decreased by 0.88%). In the last 24 hours, LRC/CJPY grew by 0.4%, while CJPY/LRC shrunk by the same amount.
The exchange rate of Loopring is increasing. The current value of 1 LRC is 3.15 CJPY. In other words, to buy 5 Loopring, it would cost you 15.74 CJPY. Inversely, 1 CJPY would allow you to trade for 0.3178 LRC while 50 CJPY would convert to 15.89 LRC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 9.54%. Meanwhile, in the last 24 hours, the rate has changed by 0.4%, and that the highest exchange rate of 1 LRC to CJPY was 3.25 CJPY and the lowest 24 hour value was 1 LRC for 3.04 CJPY. Last month, 1 LRC was worth 3.63 CJPY. Today, it's down 15.22%. Looking back a year, Loopring has changed by 13.94 CJPY. That means that in a single year, the value of Loopring has shrank by 342.82%.
Loopring Market Stats
Loopring is an Ethereum token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs.
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
LRC to CJPY values from Today at 10:39 pm
0.5 LRC = 1.57 CJPY |
1 LRC = 3.15 CJPY |
5 LRC = 15.74 CJPY |
10 LRC = 31.47 CJPY |
50 LRC = 157.35 CJPY |
100 LRC = 314.71 CJPY |
500 LRC = 1,573.55 CJPY |
1,000 LRC = 3,147.09 CJPY |
CJPY to LRC values from Today at 10:38 pm
0.5 CJPY = 0.1589 LRC |
1 CJPY = 0.3178 LRC |
5 CJPY = 1.59 LRC |
10 CJPY = 3.18 LRC |
50 CJPY = 15.89 LRC |
100 CJPY = 31.78 LRC |
500 CJPY = 158.88 LRC |
1,000 CJPY = 317.75 LRC |
LRC to CJPY over time
LRC | Today | 24H 0.40% | 1M -15.22% | 1Y -342.82% |
|---|---|---|---|---|
0.5 LRC | 1.57 CJPY | 1.57 CJPY | 1.81 CJPY | 6.97 CJPY |
1 LRC | 3.15 CJPY | 3.13 CJPY | 3.63 CJPY | 13.94 CJPY |
5 LRC | 15.74 CJPY | 15.67 CJPY | 18.13 CJPY | 69.68 CJPY |
10 LRC | 31.47 CJPY | 31.35 CJPY | 36.26 CJPY | 139.36 CJPY |
50 LRC | 157.35 CJPY | 156.73 CJPY | 181.30 CJPY | 696.79 CJPY |
100 LRC | 314.71 CJPY | 313.46 CJPY | 362.59 CJPY | 1,393.58 CJPY |
500 LRC | 1,573.55 CJPY | 1,567.28 CJPY | 1,812.97 CJPY | 6,967.92 CJPY |
1,000 LRC | 3,147.09 CJPY | 3,134.57 CJPY | 3,625.94 CJPY | 13,935.85 CJPY |
Frequently asked questions
Right now, 1 Loopring is worth about $0.01335.
Based on the current rate, you could get 74.91 LRC for 1 USD.
Loopring price has been declining. Since yesterday, the exchange rate of Loopring has decreased. Since last month, the exchange rate of Loopring has decreased. Since this time last year, the price of Loopring has decreased.
You can use our LRC to USD calculator at the top of this page to convert any amount of LRC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 374.53 LRC. Inversely, 5 LRC will cost about $0.06675
Loopring is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Loopring.
There are a number of crypto assets that have the a similar or comparable market cap to Loopring, including Sonic SVM, QuarkChain, and sUSD. For a more robust list of assets to explore, jump to the asset page dedicated to Loopring.
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