Convert SWEAT Economy SWEAT to Convertible JPY Token CJPY
SWEAT to CJPY: 1 SWEAT Economy converts to 0.0169 CJPY
About SWEAT and CJPY
SWEAT Economy is falling, while Convertible JPY Token is climbing this week. The current SWEAT to CJPY conversion rate is 0.0169. Inversely, this means that if you convert 1 CJPY you will get 59.16 SWEAT. The conversion rate of SWEAT/CJPY has decreased by 0.12% in the last hour (CJPY/SWEAT increased by 0.12%). In the last 24 hours, SWEAT/CJPY shrunk by 0.18%, while CJPY/SWEAT grew by 0.18%.
The exchange rate of SWEAT Economy is increasing. The current value of 1 SWEAT is 0.0169 CJPY. In other words, to buy 5 SWEAT Economy, it would cost you 0.08451 CJPY. Inversely, 1 CJPY would allow you to trade for 59.16 SWEAT while 50 CJPY would convert to 2,958.16 SWEAT, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.88%. Meanwhile, in the last 24 hours, the rate has changed by 6.85%, which means that the highest exchange rate of 1 SWEAT to CJPY was 0.02102 CJPY and the lowest 24 hour value was 1 SWEAT for 0.01549 CJPY. Last month, 1 SWEAT was worth 0.06716 CJPY. Today, it's down 74.83%. Looking back a year, SWEAT Economy has changed by 0.2118 CJPY. That means that in a single year, the value of SWEAT Economy has shrank by 92.02%.
SWEAT Economy Market Stats
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
SWEAT to CJPY values from Today at 4:08 am
0.5 SWEAT = 0.008451 CJPY |
1 SWEAT = 0.0169 CJPY |
5 SWEAT = 0.08451 CJPY |
10 SWEAT = 0.169 CJPY |
50 SWEAT = 0.8451 CJPY |
100 SWEAT = 1.69 CJPY |
500 SWEAT = 8.45 CJPY |
1,000 SWEAT = 16.90 CJPY |
CJPY to SWEAT values from Today at 4:08 am
0.5 CJPY = 29.58 SWEAT |
1 CJPY = 59.16 SWEAT |
5 CJPY = 295.82 SWEAT |
10 CJPY = 591.63 SWEAT |
50 CJPY = 2,958.16 SWEAT |
100 CJPY = 5,916.32 SWEAT |
500 CJPY = 29,581.60 SWEAT |
1,000 CJPY = 59,163.20 SWEAT |
SWEAT to CJPY over time
SWEAT | Today | 24H 6.41% | 1M -297.35% | 1Y -1,153.25% |
|---|---|---|---|---|
0.5 SWEAT | 0.008451 CJPY | 0.00791 CJPY | 0.03358 CJPY | 0.1059 CJPY |
1 SWEAT | 0.0169 CJPY | 0.01582 CJPY | 0.06716 CJPY | 0.2118 CJPY |
5 SWEAT | 0.08451 CJPY | 0.0791 CJPY | 0.3358 CJPY | 1.06 CJPY |
10 SWEAT | 0.169 CJPY | 0.1582 CJPY | 0.6716 CJPY | 2.12 CJPY |
50 SWEAT | 0.8451 CJPY | 0.791 CJPY | 3.36 CJPY | 10.59 CJPY |
100 SWEAT | 1.69 CJPY | 1.58 CJPY | 6.72 CJPY | 21.18 CJPY |
500 SWEAT | 8.45 CJPY | 7.91 CJPY | 33.58 CJPY | 105.91 CJPY |
1,000 SWEAT | 16.90 CJPY | 15.82 CJPY | 67.16 CJPY | 211.83 CJPY |
Frequently asked questions
Related conversions
Learn how to buy popular cryptocurrencies
Popular price predictions
Discover other cryptocurrencies to currency conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.