Convert Nigerian Naira NGN to Convertible JPY Token CJPY
1 NGN converts to 0.1753 CJPY
About Convertible JPY Token
Convertible JPY Token is climbing this week. The current price of Convertible JPY Token is NGN 5.70 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of NGN 1,221,895,415.14. The amount of Convertible JPY Token traded has risen by NGN 1,441,844.08 in the last 24 hours, which is a 41.42% increase. Additionally, in the last day, NGN 3,480,636.36 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is NGN 5.70 NGN. In other words, to buy 5 Convertible JPY Token, it would cost you NGN 28.51 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 0.1753 CJPY while NGN 50.00 NGN would convert to 8.77 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.99%. Meanwhile, in the last 24 hours, the rate has changed by 0.24%, and that the highest exchange rate of 1 CJPY to NGN was NGN 5.81 NGN and the lowest 24 hour value was 1 CJPY for NGN 5.65 NGN. Last month, 1 CJPY was worth NGN 6.65 NGN. Today, it's down 14.36%. Looking back a year, Convertible JPY Token has changed by NGN 9.74 NGN. That means that in a single year, the value of Convertible JPY Token has shrank by 33.07%.
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
NGN to CJPY values from Today at
NGN 0.50 NGN = 0.08767 CJPY |
NGN 1.00 NGN = 0.1753 CJPY |
NGN 5.00 NGN = 0.8767 CJPY |
NGN 10.00 NGN = 1.75 CJPY |
NGN 50.00 NGN = 8.77 CJPY |
NGN 100.00 NGN = 17.53 CJPY |
NGN 500.00 NGN = 87.67 CJPY |
NGN 1,000.00 NGN = 175.35 CJPY |
CJPY to NGN values from Today at 5:18 am
0.5 CJPY = NGN 2.85 NGN |
1 CJPY = NGN 5.70 NGN |
5 CJPY = NGN 28.51 NGN |
10 CJPY = NGN 57.03 NGN |
50 CJPY = NGN 285.14 NGN |
100 CJPY = NGN 570.29 NGN |
500 CJPY = NGN 2,851.44 NGN |
1,000 CJPY = NGN 5,702.89 NGN |
NGN to CJPY over time
NGN | Today | 24H -17.60% | 1M -15.05% | 1Y -10.26% |
|---|---|---|---|---|
0.5 NGN | 0.08767 CJPY | 0.08799 CJPY | 0.07523 CJPY | 0.05132 CJPY |
1 NGN | 0.1753 CJPY | 0.176 CJPY | 0.1505 CJPY | 0.1026 CJPY |
5 NGN | 0.8767 CJPY | 0.8799 CJPY | 0.7523 CJPY | 0.5132 CJPY |
10 NGN | 1.75 CJPY | 1.76 CJPY | 1.50 CJPY | 1.03 CJPY |
50 NGN | 8.77 CJPY | 8.80 CJPY | 7.52 CJPY | 5.13 CJPY |
100 NGN | 17.53 CJPY | 17.60 CJPY | 15.05 CJPY | 10.26 CJPY |
500 NGN | 87.67 CJPY | 87.99 CJPY | 75.23 CJPY | 51.32 CJPY |
1,000 NGN | 175.35 CJPY | 175.97 CJPY | 150.45 CJPY | 102.65 CJPY |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about NGN 5.70.
Based on the current rate, you could get 0.1753 CJPY for 1 NGN.
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 NGN calculator at the top of this page to convert any amount of CJPY to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.8767 CJPY. Inversely, 5 CJPY will cost about NGN 28.51
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 The Big Trout, XRP ARMY, and Dropee. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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