Convert PAX Gold PAXG to Convertible JPY Token CJPY
PAXG to CJPY: 1 PAX Gold converts to 877,419.59 CJPY
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About PAXG and CJPY
PAX Gold is falling, while Convertible JPY Token is climbing this week. The current PAXG to CJPY conversion rate is 877,419.59. Inversely, this means that if you convert 1 CJPY you will get 0.00000114 PAXG. The conversion rate of PAXG/CJPY has increased by 0.48% in the last hour (CJPY/PAXG decreased by 0.48%). In the last 24 hours, PAXG/CJPY shrunk by 4.66%, while CJPY/PAXG grew by the same amount.
The exchange rate of PAX Gold is decreasing. The current value of 1 PAXG is 877,419.59 CJPY. In other words, to buy 5 PAX Gold, it would cost you 4,387,097.95 CJPY. Inversely, 1 CJPY would allow you to trade for 0.00000114 PAXG while 50 CJPY would convert to 0.00005699 PAXG, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.7%. Meanwhile, in the last 24 hours, the rate has changed by 4.85%, and that the highest exchange rate of 1 PAXG to CJPY was 923,026.58 CJPY and the lowest 24 hour value was 1 PAXG for 872,447.62 CJPY. Last month, 1 PAXG was worth 998,518.58 CJPY. Today, it's down 13.8%. Looking back a year, PAX Gold has changed by 537,187.07 CJPY. That means that in a single year, the value of PAX Gold has grown by 38.78%.
PAX Gold Market Stats
PAXG is a gold-backed stablecoin. Each PAXG token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. PAXG holders own the underlying physical gold, held in custody by Paxos Trust Company.
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
PAXG to CJPY values from Today at 7:44 am
0.5 PAXG = 438,709.80 CJPY |
1 PAXG = 877,419.59 CJPY |
5 PAXG = 4,387,097.95 CJPY |
10 PAXG = 8,774,195.91 CJPY |
50 PAXG = 43,870,979.53 CJPY |
100 PAXG = 87,741,959.06 CJPY |
500 PAXG = 438,709,795.28 CJPY |
1,000 PAXG = 877,419,590.55 CJPY |
CJPY to PAXG values from Today at 7:42 am
0.5 CJPY = 0.0000005699 PAXG |
1 CJPY = 0.00000114 PAXG |
5 CJPY = 0.000005699 PAXG |
10 CJPY = 0.0000114 PAXG |
50 CJPY = 0.00005699 PAXG |
100 CJPY = 0.000114 PAXG |
500 CJPY = 0.0005699 PAXG |
1,000 CJPY = 0.00114 PAXG |
PAXG to CJPY over time
PAXG | Today | 24H -4.85% | 1M -13.80% | 1Y 38.78% |
|---|---|---|---|---|
0.5 PAXG | 438,709.80 CJPY | 459,974.86 CJPY | 499,259.29 CJPY | 268,593.54 CJPY |
1 PAXG | 877,419.59 CJPY | 919,949.72 CJPY | 998,518.58 CJPY | 537,187.07 CJPY |
5 PAXG | 4,387,097.95 CJPY | 4,599,748.61 CJPY | 4,992,592.91 CJPY | 2,685,935.37 CJPY |
10 PAXG | 8,774,195.91 CJPY | 9,199,497.22 CJPY | 9,985,185.82 CJPY | 5,371,870.75 CJPY |
50 PAXG | 43,870,979.53 CJPY | 45,997,486.08 CJPY | 49,925,929.10 CJPY | 26,859,353.73 CJPY |
100 PAXG | 87,741,959.06 CJPY | 91,994,972.15 CJPY | 99,851,858.21 CJPY | 53,718,707.46 CJPY |
500 PAXG | 438,709,795.28 CJPY | 459,974,860.76 CJPY | 499,259,291.04 CJPY | 268,593,537.28 CJPY |
1,000 PAXG | 877,419,590.55 CJPY | 919,949,721.52 CJPY | 998,518,582.08 CJPY | 537,187,074.56 CJPY |
Frequently asked questions
Right now, 1 PAX Gold is worth about $4,014.14.
Based on the current rate, you could get 0.0002491 PAXG for 1 USD.
PAX Gold price has been declining. Since yesterday, the exchange rate of PAX Gold has decreased. Since last month, the exchange rate of PAX Gold has decreased. Since this time last year, the price of PAX Gold has increased.
You can use our PAXG to USD calculator at the top of this page to convert any amount of PAXG to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.001246 PAXG. Inversely, 5 PAXG will cost about $20,070.68
PAX Gold is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy PAX Gold.
There are a number of crypto assets that have the a similar or comparable market cap to PAX Gold, including World Liberty Financial, Aster, and Bittensor. For a more robust list of assets to explore, jump to the asset page dedicated to PAX Gold.
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