Convert Papua New Guinean Kina PGK to Convertible JPY Token CJPY
1 PGK converts to 53.65 CJPY
About Convertible JPY Token
Convertible JPY Token is falling this week. The current price of Convertible JPY Token is PGK 0.01864 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of PGK 4,004,846.68. The amount of Convertible JPY Token traded has risen by PGK 22,048.59 in the last 24 hours, which is a 67.52% increase. Additionally, in the last day, PGK 32,653.35 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is PGK 0.01864 PGK. In other words, to buy 5 Convertible JPY Token, it would cost you PGK 0.0932 PGK. Inversely, PGK 1.00 PGK would allow you to trade for 53.65 CJPY while PGK 50.00 PGK would convert to 2,682.27 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 4.19%. Meanwhile, in the last 24 hours, the rate has changed by 1.68%, and that the highest exchange rate of 1 CJPY to PGK was PGK 0.0191 PGK and the lowest 24 hour value was 1 CJPY for PGK 0.01841 PGK. Last month, 1 CJPY was worth PGK 0.02304 PGK. Today, it's down 20%. Looking back a year, Convertible JPY Token has changed by PGK 0.02472 PGK. That means that in a single year, the value of Convertible JPY Token has shrank by 28.7%.
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
PGK to CJPY values from Today at
PGK 0.50 PGK = 26.82 CJPY |
PGK 1.00 PGK = 53.65 CJPY |
PGK 5.00 PGK = 268.23 CJPY |
PGK 10.00 PGK = 536.45 CJPY |
PGK 50.00 PGK = 2,682.27 CJPY |
PGK 100.00 PGK = 5,364.54 CJPY |
PGK 500.00 PGK = 26,822.70 CJPY |
PGK 1,000.00 PGK = 53,645.39 CJPY |
CJPY to PGK values from Today at 6:25 pm
0.5 CJPY = PGK 0.00932 PGK |
1 CJPY = PGK 0.01864 PGK |
5 CJPY = PGK 0.0932 PGK |
10 CJPY = PGK 0.1864 PGK |
50 CJPY = PGK 0.932 PGK |
100 CJPY = PGK 1.86 PGK |
500 CJPY = PGK 9.32 PGK |
1,000 CJPY = PGK 18.64 PGK |
PGK to CJPY over time
PGK | Today | 24H -5,286.82% | 1M -4,340.35% | 1Y -4,045.07% |
|---|---|---|---|---|
0.5 PGK | 26.82 CJPY | 26.43 CJPY | 21.70 CJPY | 20.23 CJPY |
1 PGK | 53.65 CJPY | 52.87 CJPY | 43.40 CJPY | 40.45 CJPY |
5 PGK | 268.23 CJPY | 264.34 CJPY | 217.02 CJPY | 202.25 CJPY |
10 PGK | 536.45 CJPY | 528.68 CJPY | 434.03 CJPY | 404.51 CJPY |
50 PGK | 2,682.27 CJPY | 2,643.41 CJPY | 2,170.17 CJPY | 2,022.54 CJPY |
100 PGK | 5,364.54 CJPY | 5,286.82 CJPY | 4,340.35 CJPY | 4,045.07 CJPY |
500 PGK | 26,822.70 CJPY | 26,434.08 CJPY | 21,701.73 CJPY | 20,225.36 CJPY |
1,000 PGK | 53,645.39 CJPY | 52,868.17 CJPY | 43,403.46 CJPY | 40,450.73 CJPY |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about PGK 0.01864.
Based on the current rate, you could get 53.65 CJPY for 1 PGK.
Convertible JPY Token price has been declining. Since yesterday, the exchange rate of Convertible JPY Token has decreased. 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 PGK calculator at the top of this page to convert any amount of CJPY to PGK. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 PGK is equivalent to 268.23 CJPY. Inversely, 5 CJPY will cost about PGK 0.0932
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 BNBcat, BaseX, and OLYMPIC GAMES DOGE. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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