Convert dForce USD USX to Convertible JPY Token CJPY
1 USX converts to 99.51 CJPY
About USX and CJPY
dForce USD is climbing, while Convertible JPY Token is falling this week. The current USX to CJPY conversion rate is 99.51. Inversely, this means that if you convert 1 CJPY you will get 0.01005 USX. The conversion rate of USX/CJPY has increased by 0.32% in the last hour (CJPY/USX decreased by 0.32%). In the last 24 hours, USX/CJPY grew by 1.21%, while CJPY/USX shrunk by the same amount.
The exchange rate of dForce USD is increasing. The current value of 1 USX is 99.51 CJPY. In other words, to buy 5 dForce USD, it would cost you 497.57 CJPY. Inversely, 1 CJPY would allow you to trade for 0.01005 USX while 50 CJPY would convert to 0.5024 USX, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.19%. Meanwhile, in the last 24 hours, the rate has changed by 1.9%, which means that the highest exchange rate of 1 USX to CJPY was 101.26 CJPY and the lowest 24 hour value was 1 USX for 96.09 CJPY. Last month, 1 USX was worth 81.87 CJPY. Today, it's up 17.73%. Looking back a year, dForce USD has changed by 166.70 CJPY. That means that in a single year, the value of dForce USD has shrank by 67.52%.
dForce USD Market Stats
Synthetic Stablecoin
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
USX to CJPY values from Today at 10:20 pm
0.5 USX = 49.76 CJPY |
1 USX = 99.51 CJPY |
5 USX = 497.57 CJPY |
10 USX = 995.15 CJPY |
50 USX = 4,975.73 CJPY |
100 USX = 9,951.47 CJPY |
500 USX = 49,757.35 CJPY |
1,000 USX = 99,514.70 CJPY |
CJPY to USX values from Today at 10:19 pm
0.5 CJPY = 0.005024 USX |
1 CJPY = 0.01005 USX |
5 CJPY = 0.05024 USX |
10 CJPY = 0.1005 USX |
50 CJPY = 0.5024 USX |
100 CJPY = 1.00 USX |
500 CJPY = 5.02 USX |
1,000 CJPY = 10.05 USX |
USX to CJPY over time
USX | Today | 24H 1.90% | 1M 17.73% | 1Y -67.52% |
|---|---|---|---|---|
0.5 USX | 49.76 CJPY | 48.81 CJPY | 40.94 CJPY | 83.35 CJPY |
1 USX | 99.51 CJPY | 97.62 CJPY | 81.87 CJPY | 166.70 CJPY |
5 USX | 497.57 CJPY | 488.11 CJPY | 409.37 CJPY | 833.52 CJPY |
10 USX | 995.15 CJPY | 976.21 CJPY | 818.74 CJPY | 1,667.03 CJPY |
50 USX | 4,975.73 CJPY | 4,881.06 CJPY | 4,093.70 CJPY | 8,335.17 CJPY |
100 USX | 9,951.47 CJPY | 9,762.11 CJPY | 8,187.40 CJPY | 16,670.33 CJPY |
500 USX | 49,757.35 CJPY | 48,810.56 CJPY | 40,937.00 CJPY | 83,351.67 CJPY |
1,000 USX | 99,514.70 CJPY | 97,621.13 CJPY | 81,874.00 CJPY | 166,703.34 CJPY |
Frequently asked questions
Right now, 1 dForce USD is worth about $0.4234.
Based on the current rate, you could get 2.36 USX for 1 USD.
You can use our USX to USD calculator at the top of this page to convert any amount of USX to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 11.81 USX. Inversely, 5 USX will cost about $2.12
dForce USD can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy dForce USD.
There are a number of crypto assets that have the a similar or comparable market cap to dForce USD, including , , and . For a more robust list of assets to explore, jump to the asset page dedicated to dForce USD.
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