Convert Maker MKR to Convertible JPY Token CJPY
MKR to CJPY: 1 Maker converts to 321,364.04 CJPY
About MKR and CJPY
Maker is falling, while Convertible JPY Token is climbing this week. The current MKR to CJPY conversion rate is 321,364.04. Inversely, this means that if you convert 1 CJPY you will get 0.000003112 MKR. The conversion rate of MKR/CJPY has decreased by 0.14% in the last hour (CJPY/MKR increased by 0.14%). In the last 24 hours, MKR/CJPY shrunk by 1.13%, while CJPY/MKR grew by the same amount.
The exchange rate of Maker is decreasing. The current value of 1 MKR is 321,364.04 CJPY. In other words, to buy 5 Maker, it would cost you 1,606,820.21 CJPY. Inversely, 1 CJPY would allow you to trade for 0.000003112 MKR while 50 CJPY would convert to 0.0001556 MKR, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 13.62%. Meanwhile, in the last 24 hours, the rate has changed by 1.22%, and that the highest exchange rate of 1 MKR to CJPY was 338,975.94 CJPY and the lowest 24 hour value was 1 MKR for 305,095.30 CJPY. Last month, 1 MKR was worth 377,684.59 CJPY. Today, it's down 17.53%. Looking back a year, Maker has changed by 320,883.52 CJPY. That means that in a single year, the value of Maker has grown by 0.15%.
Maker Market Stats
Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.
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
MKR to CJPY values from Today at 12:53 pm
0.5 MKR = 160,682.02 CJPY |
1 MKR = 321,364.04 CJPY |
5 MKR = 1,606,820.21 CJPY |
10 MKR = 3,213,640.42 CJPY |
50 MKR = 16,068,202.08 CJPY |
100 MKR = 32,136,404.15 CJPY |
500 MKR = 160,682,020.76 CJPY |
1,000 MKR = 321,364,041.51 CJPY |
CJPY to MKR values from Today at 12:55 pm
0.5 CJPY = 0.000001556 MKR |
1 CJPY = 0.000003112 MKR |
5 CJPY = 0.00001556 MKR |
10 CJPY = 0.00003112 MKR |
50 CJPY = 0.0001556 MKR |
100 CJPY = 0.0003112 MKR |
500 CJPY = 0.001556 MKR |
1,000 CJPY = 0.003112 MKR |
MKR to CJPY over time
MKR | Today | 24H -1.22% | 1M -17.53% | 1Y 0.15% |
|---|---|---|---|---|
0.5 MKR | 160,682.02 CJPY | 162,642.56 CJPY | 188,842.29 CJPY | 160,441.76 CJPY |
1 MKR | 321,364.04 CJPY | 325,285.12 CJPY | 377,684.59 CJPY | 320,883.52 CJPY |
5 MKR | 1,606,820.21 CJPY | 1,626,425.61 CJPY | 1,888,422.94 CJPY | 1,604,417.58 CJPY |
10 MKR | 3,213,640.42 CJPY | 3,252,851.22 CJPY | 3,776,845.88 CJPY | 3,208,835.17 CJPY |
50 MKR | 16,068,202.08 CJPY | 16,264,256.12 CJPY | 18,884,229.41 CJPY | 16,044,175.85 CJPY |
100 MKR | 32,136,404.15 CJPY | 32,528,512.24 CJPY | 37,768,458.82 CJPY | 32,088,351.70 CJPY |
500 MKR | 160,682,020.76 CJPY | 162,642,561.21 CJPY | 188,842,294.10 CJPY | 160,441,758.49 CJPY |
1,000 MKR | 321,364,041.51 CJPY | 325,285,122.42 CJPY | 377,684,588.21 CJPY | 320,883,516.98 CJPY |
Frequently asked questions
Right now, 1 Maker is worth about $1,344.33.
Based on the current rate, you could get 0.0007439 MKR for 1 USD.
Maker price has been declining. Since yesterday, the exchange rate of Maker has decreased. Since last month, the exchange rate of Maker has decreased. Since this time last year, the price of Maker has decreased.
You can use our MKR to USD calculator at the top of this page to convert any amount of MKR to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.003719 MKR. Inversely, 5 MKR will cost about $6,721.63
Maker is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Maker.
There are a number of crypto assets that have the a similar or comparable market cap to Maker, including Aave MKR V2, EurocoinToken, and aUSDT. For a more robust list of assets to explore, jump to the asset page dedicated to Maker.
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