Convert Malagasy Ariary MGA to Convertible JPY Token CJPY
MGA to CJPY: 1 Malagasy Ariary converts to 0.05474 CJPY
Convertible JPY Token (CJPY) is not tradable on Coinbase.
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About Convertible JPY Token
Convertible JPY Token is climbing this week. The current price of Convertible JPY Token is MGA 18.27 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of MGA 3,870,604,178.02. The amount of Convertible JPY Token traded has fallen by -MGA 4,703,265 in the last 24 hours, which is a 63.90% decrease. Additionally, in the last day, MGA 7,360,729 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is MGA 18.27 MGA. In other words, to buy 5 Convertible JPY Token, it would cost you MGA 91.34 MGA. Inversely, MGA 1 MGA would allow you to trade for 0.05474 CJPY while MGA 50 MGA would convert to 2.74 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.94%. Meanwhile, in the last 24 hours, the rate has changed by 0.56%, which means that the highest exchange rate of 1 CJPY to MGA was MGA 18.54 MGA and the lowest 24 hour value was 1 CJPY for MGA 18.12 MGA. Last month, 1 CJPY was worth MGA 19.76 MGA. Today, it's down 7.87%. Looking back a year, Convertible JPY Token has changed by MGA 27.22 MGA. That means that in a single year, the value of Convertible JPY Token has shrank by 27.92%.
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
MGA to CJPY values from Today at
MGA 1 MGA = 0.02737 CJPY |
MGA 1 MGA = 0.05474 CJPY |
MGA 5 MGA = 0.2737 CJPY |
MGA 10 MGA = 0.5474 CJPY |
MGA 50 MGA = 2.74 CJPY |
MGA 100 MGA = 5.47 CJPY |
MGA 500 MGA = 27.37 CJPY |
MGA 1,000 MGA = 54.74 CJPY |
CJPY to MGA values from Today at 7:44 am
0.5 CJPY = MGA 9.13 MGA |
1 CJPY = MGA 18.27 MGA |
5 CJPY = MGA 91.34 MGA |
10 CJPY = MGA 182.67 MGA |
50 CJPY = MGA 913.37 MGA |
100 CJPY = MGA 1,826.74 MGA |
500 CJPY = MGA 9,133.70 MGA |
1,000 CJPY = MGA 18,267.40 MGA |
MGA to CJPY over time
MGA | Today | 24H -5.48% | 1M -5.06% | 1Y -3.67% |
|---|---|---|---|---|
0.5 MGA | 0.02737 CJPY | 0.0274 CJPY | 0.0253 CJPY | 0.01837 CJPY |
1 MGA | 0.05474 CJPY | 0.0548 CJPY | 0.0506 CJPY | 0.03674 CJPY |
5 MGA | 0.2737 CJPY | 0.274 CJPY | 0.253 CJPY | 0.1837 CJPY |
10 MGA | 0.5474 CJPY | 0.548 CJPY | 0.506 CJPY | 0.3674 CJPY |
50 MGA | 2.74 CJPY | 2.74 CJPY | 2.53 CJPY | 1.84 CJPY |
100 MGA | 5.47 CJPY | 5.48 CJPY | 5.06 CJPY | 3.67 CJPY |
500 MGA | 27.37 CJPY | 27.40 CJPY | 25.30 CJPY | 18.37 CJPY |
1,000 MGA | 54.74 CJPY | 54.80 CJPY | 50.60 CJPY | 36.74 CJPY |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about MGA 18.27.
Based on the current rate, you could get 0.05474 CJPY for 1 MGA.
Convertible JPY Token price has been on the rise. Since yesterday, the exchange rate of Convertible JPY Token has increased. 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 MGA calculator at the top of this page to convert any amount of CJPY to MGA. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MGA is equivalent to 0.2737 CJPY. Inversely, 5 CJPY will cost about MGA 91.34
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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