Convert Ocean Protocol OCEAN to Convertible JPY Token CJPY
OCEAN to CJPY: 1 Ocean Protocol converts to 32.56 CJPY
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About OCEAN and CJPY
Ocean Protocol is falling, while Convertible JPY Token is climbing this week. The current OCEAN to CJPY conversion rate is 32.56. Inversely, this means that if you convert 1 CJPY you will get 0.03072 OCEAN. The conversion rate of OCEAN/CJPY has decreased by 0.94% in the last hour (CJPY/OCEAN increased by 0.94%). In the last 24 hours, OCEAN/CJPY shrunk by 0.29%, while CJPY/OCEAN grew by the same amount.
The exchange rate of Ocean Protocol is increasing. The current value of 1 OCEAN is 32.56 CJPY. In other words, to buy 5 Ocean Protocol, it would cost you 162.78 CJPY. Inversely, 1 CJPY would allow you to trade for 0.03072 OCEAN while 50 CJPY would convert to 1.54 OCEAN, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.62%. Meanwhile, in the last 24 hours, the rate has changed by 0.4%, which means that the highest exchange rate of 1 OCEAN to CJPY was 33.51 CJPY and the lowest 24 hour value was 1 OCEAN for 32.19 CJPY. Last month, 1 OCEAN was worth 25.40 CJPY. Today, it's up 22%. Looking back a year, Ocean Protocol has changed by 47.86 CJPY. That means that in a single year, the value of Ocean Protocol has shrank by 47.01%.
Ocean Protocol Market Stats
Ocean Protocol supports blockchain-based trading data between data consumers and individuals. OCEAN tokens function as Ocean Protocol’s governance token.
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
OCEAN to CJPY values from Today at 9:38 am
0.5 OCEAN = 16.28 CJPY |
1 OCEAN = 32.56 CJPY |
5 OCEAN = 162.78 CJPY |
10 OCEAN = 325.56 CJPY |
50 OCEAN = 1,627.81 CJPY |
100 OCEAN = 3,255.62 CJPY |
500 OCEAN = 16,278.11 CJPY |
1,000 OCEAN = 32,556.22 CJPY |
CJPY to OCEAN values from Today at 9:48 am
0.5 CJPY = 0.01536 OCEAN |
1 CJPY = 0.03072 OCEAN |
5 CJPY = 0.1536 OCEAN |
10 CJPY = 0.3072 OCEAN |
50 CJPY = 1.54 OCEAN |
100 CJPY = 3.07 OCEAN |
500 CJPY = 15.36 OCEAN |
1,000 CJPY = 30.72 OCEAN |
OCEAN to CJPY over time
OCEAN | Today | 24H 0.40% | 1M 22.00% | 1Y -47.01% |
|---|---|---|---|---|
0.5 OCEAN | 16.28 CJPY | 16.21 CJPY | 12.70 CJPY | 23.93 CJPY |
1 OCEAN | 32.56 CJPY | 32.43 CJPY | 25.40 CJPY | 47.86 CJPY |
5 OCEAN | 162.78 CJPY | 162.14 CJPY | 126.98 CJPY | 239.30 CJPY |
10 OCEAN | 325.56 CJPY | 324.28 CJPY | 253.95 CJPY | 478.59 CJPY |
50 OCEAN | 1,627.81 CJPY | 1,621.38 CJPY | 1,269.77 CJPY | 2,392.97 CJPY |
100 OCEAN | 3,255.62 CJPY | 3,242.76 CJPY | 2,539.54 CJPY | 4,785.93 CJPY |
500 OCEAN | 16,278.11 CJPY | 16,213.78 CJPY | 12,697.71 CJPY | 23,929.67 CJPY |
1,000 OCEAN | 32,556.22 CJPY | 32,427.55 CJPY | 25,395.41 CJPY | 47,859.35 CJPY |
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