Convert Paxos Standard PAX to Convertible JPY Token CJPY
PAX to CJPY: 1 Paxos Standard converts to 198.48 CJPY
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About PAX and CJPY
Paxos Standard is climbing, while Convertible JPY Token is falling this week. The current PAX to CJPY conversion rate is 198.48. Inversely, this means that if you convert 1 CJPY you will get 0.005038 PAX. The conversion rate of PAX/CJPY has increased by 0.25% in the last hour (CJPY/PAX decreased by 0.24%). In the last 24 hours, PAX/CJPY grew by 2.18%, while CJPY/PAX shrunk by 2.13%.
The exchange rate of Paxos Standard is increasing. The current value of 1 PAX is 198.48 CJPY. In other words, to buy 5 Paxos Standard, it would cost you 992.38 CJPY. Inversely, 1 CJPY would allow you to trade for 0.005038 PAX while 50 CJPY would convert to 0.2519 PAX, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.12%. Meanwhile, in the last 24 hours, the rate has changed by 1.9%, and that the highest exchange rate of 1 PAX to CJPY was 201.70 CJPY and the lowest 24 hour value was 1 PAX for 180.37 CJPY. Last month, 1 PAX was worth 193.85 CJPY. Today, it's up 2.38%. Looking back a year, Paxos Standard has changed by 185.48 CJPY. That means that in a single year, the value of Paxos Standard has grown by 7%.
Paxos Standard Market Stats
The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.
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
PAX to CJPY values from Today at 11:17 pm
0.5 PAX = 99.24 CJPY |
1 PAX = 198.48 CJPY |
5 PAX = 992.38 CJPY |
10 PAX = 1,984.76 CJPY |
50 PAX = 9,923.78 CJPY |
100 PAX = 19,847.56 CJPY |
500 PAX = 99,237.79 CJPY |
1,000 PAX = 198,475.58 CJPY |
CJPY to PAX values from Today at 11:18 pm
0.5 CJPY = 0.002519 PAX |
1 CJPY = 0.005038 PAX |
5 CJPY = 0.02519 PAX |
10 CJPY = 0.05038 PAX |
50 CJPY = 0.2519 PAX |
100 CJPY = 0.5038 PAX |
500 CJPY = 2.52 PAX |
1,000 CJPY = 5.04 PAX |
PAX to CJPY over time
PAX | Today | 24H 1.87% | 1M 2.33% | 1Y 6.55% |
|---|---|---|---|---|
0.5 PAX | 99.24 CJPY | 97.39 CJPY | 96.93 CJPY | 92.74 CJPY |
1 PAX | 198.48 CJPY | 194.77 CJPY | 193.85 CJPY | 185.48 CJPY |
5 PAX | 992.38 CJPY | 973.85 CJPY | 969.27 CJPY | 927.42 CJPY |
10 PAX | 1,984.76 CJPY | 1,947.70 CJPY | 1,938.54 CJPY | 1,854.85 CJPY |
50 PAX | 9,923.78 CJPY | 9,738.51 CJPY | 9,692.70 CJPY | 9,274.24 CJPY |
100 PAX | 19,847.56 CJPY | 19,477.02 CJPY | 19,385.40 CJPY | 18,548.49 CJPY |
500 PAX | 99,237.79 CJPY | 97,385.11 CJPY | 96,927.02 CJPY | 92,742.45 CJPY |
1,000 PAX | 198,475.58 CJPY | 194,770.22 CJPY | 193,854.04 CJPY | 185,484.90 CJPY |
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