Convert SmarDex SDEX to Convertible JPY Token CJPY
SDEX to CJPY: 1 SmarDex converts to 0.08515 CJPY
About SDEX and CJPY
SmarDex is climbing, while Convertible JPY Token is falling this week. The current SDEX to CJPY conversion rate is 0.08515. Inversely, this means that if you convert 1 CJPY you will get 11.74 SDEX. The conversion rate of SDEX/CJPY has increased by 0.02% in the last hour (CJPY/SDEX decreased by 0.02%). In the last 24 hours, SDEX/CJPY grew by 0.37%, while CJPY/SDEX shrunk by the same amount.
The exchange rate of SmarDex is increasing. The current value of 1 SDEX is 0.08515 CJPY. In other words, to buy 5 SmarDex, it would cost you 0.42576 CJPY. Inversely, 1 CJPY would allow you to trade for 11.74 SDEX while 50 CJPY would convert to 587.18 SDEX, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.87%. Meanwhile, in the last 24 hours, the rate has changed by 0.57%, and that the highest exchange rate of 1 SDEX to CJPY was 0.08517 CJPY and the lowest 24 hour value was 1 SDEX for 0.08309 CJPY. Last month, 1 SDEX was worth 0.09671 CJPY. Today, it's down 13.57%. Looking back a year, SmarDex has changed by 0.7637 CJPY. That means that in a single year, the value of SmarDex has shrank by 796.85%.
SmarDex Market Stats
SDEX is the token from the first DEX on the planet to fix Impermanent Loss. It is explained in a scientific paper here:
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
SDEX to CJPY values from Today at 4:10 am
0.5 SDEX = 0.04258 CJPY |
1 SDEX = 0.08515 CJPY |
5 SDEX = 0.4258 CJPY |
10 SDEX = 0.8515 CJPY |
50 SDEX = 4.26 CJPY |
100 SDEX = 8.52 CJPY |
500 SDEX = 42.58 CJPY |
1,000 SDEX = 85.15 CJPY |
CJPY to SDEX values from Today at 4:11 am
0.5 CJPY = 5.87 SDEX |
1 CJPY = 11.74 SDEX |
5 CJPY = 58.72 SDEX |
10 CJPY = 117.44 SDEX |
50 CJPY = 587.18 SDEX |
100 CJPY = 1,174.37 SDEX |
500 CJPY = 5,871.85 SDEX |
1,000 CJPY = 11,743.69 SDEX |
SDEX to CJPY over time
SDEX | Today | 24H 0.57% | 1M -13.57% | 1Y -796.85% |
|---|---|---|---|---|
0.5 SDEX | 0.04258 CJPY | 0.04234 CJPY | 0.04836 CJPY | 0.3818 CJPY |
1 SDEX | 0.08515 CJPY | 0.08467 CJPY | 0.09671 CJPY | 0.7637 CJPY |
5 SDEX | 0.4258 CJPY | 0.4234 CJPY | 0.4836 CJPY | 3.82 CJPY |
10 SDEX | 0.8515 CJPY | 0.8467 CJPY | 0.9671 CJPY | 7.64 CJPY |
50 SDEX | 4.26 CJPY | 4.23 CJPY | 4.84 CJPY | 38.18 CJPY |
100 SDEX | 8.52 CJPY | 8.47 CJPY | 9.67 CJPY | 76.37 CJPY |
500 SDEX | 42.58 CJPY | 42.34 CJPY | 48.36 CJPY | 381.84 CJPY |
1,000 SDEX | 85.15 CJPY | 84.67 CJPY | 96.71 CJPY | 763.68 CJPY |
Frequently asked questions
Right now, 1 SmarDex is worth about $0.0004399.
Based on the current rate, you could get 2,273.16 SDEX for 1 USD.
SmarDex price has been on the rise. Since yesterday, the exchange rate of SmarDex has increased. Since last month, the exchange rate of SmarDex has decreased. Since this time last year, the price of SmarDex has decreased.
You can use our SDEX to USD calculator at the top of this page to convert any amount of SDEX to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 11,365.80 SDEX. Inversely, 5 SDEX will cost about $0.0022
SmarDex can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy SmarDex.
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