Convert Maldivian Rufiyaa MVR to Convertible JPY Token CJPY
1 MVR converts to 15.66 CJPY
About Convertible JPY Token
Convertible JPY Token is falling this week. The current price of Convertible JPY Token is MVR 0.06385 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of MVR 13,674,292.22. The amount of Convertible JPY Token traded has fallen by -MVR 31,647.41 in the last 24 hours, which is a 43.88% decrease. Additionally, in the last day, MVR 72,129.31 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is MVR 0.06385 MVR. In other words, to buy 5 Convertible JPY Token, it would cost you MVR 0.31924 MVR. Inversely, MVR 1.00 MVR would allow you to trade for 15.66 CJPY while MVR 50.00 MVR would convert to 783.12 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 6.29%. Meanwhile, in the last 24 hours, the rate has changed by 4.03%, and that the highest exchange rate of 1 CJPY to MVR was MVR 0.06724 MVR and the lowest 24 hour value was 1 CJPY for MVR 0.06316 MVR. Last month, 1 CJPY was worth MVR 0.08218 MVR. Today, it's down 22.2%. Looking back a year, Convertible JPY Token has changed by MVR 0.09341 MVR. That means that in a single year, the value of Convertible JPY Token has shrank by 31.77%.
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
MVR to CJPY values from Today at
MVR 0.50 MVR = 7.83 CJPY |
MVR 1.00 MVR = 15.66 CJPY |
MVR 5.00 MVR = 78.31 CJPY |
MVR 10.00 MVR = 156.62 CJPY |
MVR 50.00 MVR = 783.12 CJPY |
MVR 100.00 MVR = 1,566.24 CJPY |
MVR 500.00 MVR = 7,831.19 CJPY |
MVR 1,000.00 MVR = 15,662.38 CJPY |
CJPY to MVR values from Today at 10:15 am
0.5 CJPY = MVR 0.03192 MVR |
1 CJPY = MVR 0.06385 MVR |
5 CJPY = MVR 0.3192 MVR |
10 CJPY = MVR 0.6385 MVR |
50 CJPY = MVR 3.19 MVR |
100 CJPY = MVR 6.38 MVR |
500 CJPY = MVR 31.92 MVR |
1,000 CJPY = MVR 63.85 MVR |
MVR to CJPY over time
MVR | Today | 24H -1,506.36% | 1M -1,216.85% | 1Y -1,070.52% |
|---|---|---|---|---|
0.5 MVR | 7.83 CJPY | 7.53 CJPY | 6.08 CJPY | 5.35 CJPY |
1 MVR | 15.66 CJPY | 15.06 CJPY | 12.17 CJPY | 10.71 CJPY |
5 MVR | 78.31 CJPY | 75.32 CJPY | 60.84 CJPY | 53.53 CJPY |
10 MVR | 156.62 CJPY | 150.64 CJPY | 121.68 CJPY | 107.05 CJPY |
50 MVR | 783.12 CJPY | 753.18 CJPY | 608.42 CJPY | 535.26 CJPY |
100 MVR | 1,566.24 CJPY | 1,506.36 CJPY | 1,216.85 CJPY | 1,070.52 CJPY |
500 MVR | 7,831.19 CJPY | 7,531.78 CJPY | 6,084.24 CJPY | 5,352.61 CJPY |
1,000 MVR | 15,662.38 CJPY | 15,063.55 CJPY | 12,168.48 CJPY | 10,705.23 CJPY |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about MVR 0.06385.
Based on the current rate, you could get 15.66 CJPY for 1 MVR.
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 MVR calculator at the top of this page to convert any amount of CJPY to MVR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MVR is equivalent to 78.31 CJPY. Inversely, 5 CJPY will cost about MVR 0.3192
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 Mt Pelerin Shares, Pre-retogeum, and GLDT. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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