Convert Rarible RARI to Convertible JPY Token CJPY
RARI to CJPY: 1 Rarible converts to 24.00 CJPY
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About RARI and CJPY
Rarible is climbing, while Convertible JPY Token is falling this week. The current RARI to CJPY conversion rate is 24.00. Inversely, this means that if you convert 1 CJPY you will get 0.04167 RARI. The conversion rate of RARI/CJPY has increased by 1.9% in the last hour (CJPY/RARI decreased by 1.9%). In the last 24 hours, RARI/CJPY grew by 2.62%, while CJPY/RARI shrunk by the same amount.
The exchange rate of Rarible is increasing. The current value of 1 RARI is 24.00 CJPY. In other words, to buy 5 Rarible, it would cost you 119.98 CJPY. Inversely, 1 CJPY would allow you to trade for 0.04167 RARI while 50 CJPY would convert to 2.08 RARI, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.86%. Meanwhile, in the last 24 hours, the rate has changed by 1.27%, which means that the highest exchange rate of 1 RARI to CJPY was 24.73 CJPY and the lowest 24 hour value was 1 RARI for 23.12 CJPY. Last month, 1 RARI was worth 31.47 CJPY. Today, it's down 31.13%. Looking back a year, Rarible has changed by 150.98 CJPY. That means that in a single year, the value of Rarible has shrank by 529.2%.
Rarible Market Stats
$RARI powers infrastructure for onchain commerce. It is the native governance token of the Rarible ecosystem, stewarded by the RARI Foundation on behalf of the community. RARI Foundation facilitates a cross-chain rewards program on Rarible.com, designed to fuel long-term growth and deepen liquidity. Every trade on the NFT marketplace generates fees that are then collected by the Foundation and distributed to users in $RARI.
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
RARI to CJPY values from Today at 7:36 am
0.5 RARI = 12.00 CJPY |
1 RARI = 24.00 CJPY |
5 RARI = 119.98 CJPY |
10 RARI = 239.95 CJPY |
50 RARI = 1,199.77 CJPY |
100 RARI = 2,399.55 CJPY |
500 RARI = 11,997.75 CJPY |
1,000 RARI = 23,995.50 CJPY |
CJPY to RARI values from Today at 7:34 am
0.5 CJPY = 0.02084 RARI |
1 CJPY = 0.04167 RARI |
5 CJPY = 0.2084 RARI |
10 CJPY = 0.4167 RARI |
50 CJPY = 2.08 RARI |
100 CJPY = 4.17 RARI |
500 CJPY = 20.84 RARI |
1,000 CJPY = 41.67 RARI |
RARI to CJPY over time
RARI | Today | 24H 1.27% | 1M -31.13% | 1Y -529.20% |
|---|---|---|---|---|
0.5 RARI | 12.00 CJPY | 11.85 CJPY | 15.73 CJPY | 75.49 CJPY |
1 RARI | 24.00 CJPY | 23.69 CJPY | 31.47 CJPY | 150.98 CJPY |
5 RARI | 119.98 CJPY | 118.45 CJPY | 157.33 CJPY | 754.90 CJPY |
10 RARI | 239.95 CJPY | 236.91 CJPY | 314.65 CJPY | 1,509.81 CJPY |
50 RARI | 1,199.77 CJPY | 1,184.53 CJPY | 1,573.26 CJPY | 7,549.03 CJPY |
100 RARI | 2,399.55 CJPY | 2,369.05 CJPY | 3,146.52 CJPY | 15,098.05 CJPY |
500 RARI | 11,997.75 CJPY | 11,845.27 CJPY | 15,732.58 CJPY | 75,490.26 CJPY |
1,000 RARI | 23,995.50 CJPY | 23,690.55 CJPY | 31,465.16 CJPY | 150,980.52 CJPY |
Frequently asked questions
Right now, 1 Rarible is worth about $0.1048.
Based on the current rate, you could get 9.55 RARI for 1 USD.
Rarible price has been on the rise. Since yesterday, the exchange rate of Rarible has increased. Since last month, the exchange rate of Rarible has decreased. Since this time last year, the price of Rarible has decreased.
You can use our RARI to USD calculator at the top of this page to convert any amount of RARI to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 47.73 RARI. Inversely, 5 RARI will cost about $0.5237
Rarible is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Rarible.
There are a number of crypto assets that have the a similar or comparable market cap to Rarible, including TEMCO, Scallop, and Radiant Capital. For a more robust list of assets to explore, jump to the asset page dedicated to Rarible.
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