Convert Pharos PROS to Convertible JPY Token CJPY
1 PROS converts to 140.29 CJPY
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About PROS and CJPY
Pharos is climbing, while Convertible JPY Token is falling this week. The current PROS to CJPY conversion rate is 140.29. Inversely, this means that if you convert 1 CJPY you will get 0.007128 PROS. The conversion rate of PROS/CJPY has increased by 0.12% in the last hour (CJPY/PROS decreased by 0.12%). In the last 24 hours, PROS/CJPY grew by 1.06%, while CJPY/PROS shrunk by the same amount.
The exchange rate of Pharos is decreasing. The current value of 1 PROS is 140.29 CJPY. In other words, to buy 5 Pharos, it would cost you 701.43 CJPY. Inversely, 1 CJPY would allow you to trade for 0.007128 PROS while 50 CJPY would convert to 0.3564 PROS, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.49%. Meanwhile, in the last 24 hours, the rate has changed by 0.52%, which means that the highest exchange rate of 1 PROS to CJPY was 149.11 CJPY and the lowest 24 hour value was 1 PROS for 134.38 CJPY. Last month, 1 PROS was worth 119.33 CJPY. Today, it's up 14.94%. Looking back a year, Pharos has changed by 22,336.99 CJPY. That means that in a single year, the value of Pharos has shrank by 15,822.47%.
Pharos Market Stats
Pharos is the s financial Layer 1 for RealFi, where real value and institutional-grade assets circulate onchain and are composable with decentralized assets, becoming the new infrastructure of global finance for all. Pharos combines modular architecture, deep-parallel execution, and built-in compliance to power real-time finance onchain. Built by the leadership and engineers from Ant Group, the project is backed by Hack VC, Faction VC, and other global TradFi investors.
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
PROS to CJPY values from Today at 3:55 am
0.5 PROS = 70.14 CJPY |
1 PROS = 140.29 CJPY |
5 PROS = 701.43 CJPY |
10 PROS = 1,402.86 CJPY |
50 PROS = 7,014.30 CJPY |
100 PROS = 14,028.60 CJPY |
500 PROS = 70,143.00 CJPY |
1,000 PROS = 140,286.00 CJPY |
CJPY to PROS values from Today at 3:53 am
0.5 CJPY = 0.003564 PROS |
1 CJPY = 0.007128 PROS |
5 CJPY = 0.03564 PROS |
10 CJPY = 0.07128 PROS |
50 CJPY = 0.3564 PROS |
100 CJPY = 0.7128 PROS |
500 CJPY = 3.56 PROS |
1,000 CJPY = 7.13 PROS |
PROS to CJPY over time
PROS | Today | 24H -0.52% | 1M 14.94% | 1Y -15,822.47% |
|---|---|---|---|---|
0.5 PROS | 70.14 CJPY | 70.51 CJPY | 59.67 CJPY | 11,168.50 CJPY |
1 PROS | 140.29 CJPY | 141.02 CJPY | 119.33 CJPY | 22,336.99 CJPY |
5 PROS | 701.43 CJPY | 705.10 CJPY | 596.66 CJPY | 111,684.97 CJPY |
10 PROS | 1,402.86 CJPY | 1,410.21 CJPY | 1,193.33 CJPY | 223,369.93 CJPY |
50 PROS | 7,014.30 CJPY | 7,051.04 CJPY | 5,966.63 CJPY | 1,116,849.66 CJPY |
100 PROS | 14,028.60 CJPY | 14,102.08 CJPY | 11,933.26 CJPY | 2,233,699.32 CJPY |
500 PROS | 70,143.00 CJPY | 70,510.38 CJPY | 59,666.29 CJPY | 11,168,496.62 CJPY |
1,000 PROS | 140,286.00 CJPY | 141,020.75 CJPY | 119,332.59 CJPY | 22,336,993.25 CJPY |
Frequently asked questions
Right now, 1 Pharos is worth about $0.594.
Based on the current rate, you could get 1.68 PROS for 1 USD.
You can use our PROS to USD calculator at the top of this page to convert any amount of PROS to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 8.42 PROS. Inversely, 5 PROS will cost about $2.97
Pharos is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Pharos.
There are a number of crypto assets that have the a similar or comparable market cap to Pharos, including would, Zigcoin, and TAC Protocol. For a more robust list of assets to explore, jump to the asset page dedicated to Pharos.
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