Convert OKB OKB to Convertible JPY Token CJPY
OKB to CJPY: 1 OKB converts to 16,907.72 CJPY
About OKB and CJPY
OKB is falling, while Convertible JPY Token is climbing this week. The current OKB to CJPY conversion rate is 16,907.72. Inversely, this means that if you convert 1 CJPY you will get 0.00005914 OKB. The conversion rate of OKB/CJPY has increased by 0.47% in the last hour (CJPY/OKB decreased by 0.47%). In the last 24 hours, OKB/CJPY shrunk by 1.1%, while CJPY/OKB grew by the same amount.
The exchange rate of OKB is decreasing. The current value of 1 OKB is 16,907.72 CJPY. In other words, to buy 5 OKB, it would cost you 84,538.62 CJPY. Inversely, 1 CJPY would allow you to trade for 0.00005914 OKB while 50 CJPY would convert to 0.002957 OKB, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 13.02%. Meanwhile, in the last 24 hours, the rate has changed by 0.95%, and that the highest exchange rate of 1 OKB to CJPY was 17,196.60 CJPY and the lowest 24 hour value was 1 OKB for 16,759.05 CJPY. Last month, 1 OKB was worth 18,197.83 CJPY. Today, it's down 7.63%. Looking back a year, OKB has changed by 8,380.37 CJPY. That means that in a single year, the value of OKB has grown by 50.43%.
OKB Market Stats
OKEx, the 2nd most popular cryptocurrency exchange by trading volume, launched its platform token ‘OKB‘ today with 10 trading pairs. On its official support page, OKEx describes OKB is a global utility token issued by the OK Blockchain Foundation. The total available supply of OKB will be one billion tokens (1,000,000,000), with a distribution model that allocates 60% of the supply will be given out to OKEx customers for community building and during marketing campaigns. According to OKEx, the company had officially issued OKB on ERC20 protocol earlier this month. The company denied ICO (initial coin offering) and public fundraising. Reportedly the company had stated that it would be soon shifting the token to its official OK chain and subsequently it will be applied not only on OKEx’s platform but also on other related projects. There will be in total 1 billion tokens supplied globally out of which 600 million coins will be distributed to OKEx customers for community building and marketing campaigns. Rest will be locked up for a period of 1 year to 3 years. According to OKEx, the company had officially issued OKB on ERC20 protocol earlier this month. The company denied ICO (initial coin offering) and public fundraising. Reportedly the company had stated that it would be soon shifting the token to its official OK chain and subsequently it will be applied not only on OKEx’s platform but also on other related projects. There will be in total 1 billion tokens supplied globally out of which 600 million coins will be distributed to OKEx customers for community building and marketing campaigns. Rest will be locked up for a period of 1 year to 3 years.
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
OKB to CJPY values from Today at 1:16 pm
0.5 OKB = 8,453.86 CJPY |
1 OKB = 16,907.72 CJPY |
5 OKB = 84,538.62 CJPY |
10 OKB = 169,077.24 CJPY |
50 OKB = 845,386.21 CJPY |
100 OKB = 1,690,772.42 CJPY |
500 OKB = 8,453,862.10 CJPY |
1,000 OKB = 16,907,724.20 CJPY |
CJPY to OKB values from Today at 1:15 pm
0.5 CJPY = 0.00002957 OKB |
1 CJPY = 0.00005914 OKB |
5 CJPY = 0.0002957 OKB |
10 CJPY = 0.0005914 OKB |
50 CJPY = 0.002957 OKB |
100 CJPY = 0.005914 OKB |
500 CJPY = 0.02957 OKB |
1,000 CJPY = 0.05914 OKB |
OKB to CJPY over time
OKB | Today | 24H -0.95% | 1M -7.63% | 1Y 50.43% |
|---|---|---|---|---|
0.5 OKB | 8,453.86 CJPY | 8,533.87 CJPY | 9,098.92 CJPY | 4,190.19 CJPY |
1 OKB | 16,907.72 CJPY | 17,067.74 CJPY | 18,197.83 CJPY | 8,380.37 CJPY |
5 OKB | 84,538.62 CJPY | 85,338.69 CJPY | 90,989.16 CJPY | 41,901.87 CJPY |
10 OKB | 169,077.24 CJPY | 170,677.39 CJPY | 181,978.33 CJPY | 83,803.74 CJPY |
50 OKB | 845,386.21 CJPY | 853,386.94 CJPY | 909,891.63 CJPY | 419,018.70 CJPY |
100 OKB | 1,690,772.42 CJPY | 1,706,773.87 CJPY | 1,819,783.26 CJPY | 838,037.40 CJPY |
500 OKB | 8,453,862.10 CJPY | 8,533,869.37 CJPY | 9,098,916.30 CJPY | 4,190,186.98 CJPY |
1,000 OKB | 16,907,724.20 CJPY | 17,067,738.74 CJPY | 18,197,832.59 CJPY | 8,380,373.96 CJPY |
Frequently asked questions
Right now, 1 OKB is worth about $70.69.
Based on the current rate, you could get 0.01415 OKB for 1 USD.
OKB price has been declining. Since yesterday, the exchange rate of OKB has decreased. Since last month, the exchange rate of OKB has decreased. Since this time last year, the price of OKB has increased.
You can use our OKB to USD calculator at the top of this page to convert any amount of OKB to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.07074 OKB. Inversely, 5 OKB will cost about $353.43
OKB can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy OKB.
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