Convert Wrapped Bitcoin WBTC to Convertible JPY Token CJPY
1 WBTC converts to 14,965,359.16 CJPY
About WBTC and CJPY
Wrapped Bitcoin is falling, while Convertible JPY Token is climbing this week. The current WBTC to CJPY conversion rate is 14,965,359.16. Inversely, this means that if you convert 1 CJPY you will get 0.00000006682 WBTC. The conversion rate of WBTC/CJPY has increased by 0.42% in the last hour (CJPY/WBTC decreased by 0.42%). In the last 24 hours, WBTC/CJPY shrunk by 0.23%, while CJPY/WBTC grew by the same amount.
The exchange rate of Wrapped Bitcoin is decreasing. The current value of 1 WBTC is 14,965,359.16 CJPY. In other words, to buy 5 Wrapped Bitcoin, it would cost you 74,826,795.82 CJPY. Inversely, 1 CJPY would allow you to trade for 0.00000006682 WBTC while 50 CJPY would convert to 0.000003341 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.26%. Meanwhile, in the last 24 hours, the rate has changed by 0.11%, which means that the highest exchange rate of 1 WBTC to CJPY was 15,190,730.00 CJPY and the lowest 24 hour value was 1 WBTC for 14,853,491.22 CJPY. Last month, 1 WBTC was worth 16,361,123.28 CJPY. Today, it's down 9.33%. Looking back a year, Wrapped Bitcoin has changed by 17,289,295.07 CJPY. That means that in a single year, the value of Wrapped Bitcoin has shrank by 15.53%.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
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
WBTC to CJPY values from Today at 1:01 pm
0.5 WBTC = 7,482,679.58 CJPY |
1 WBTC = 14,965,359.16 CJPY |
5 WBTC = 74,826,795.82 CJPY |
10 WBTC = 149,653,591.64 CJPY |
50 WBTC = 748,267,958.18 CJPY |
100 WBTC = 1,496,535,916.36 CJPY |
500 WBTC = 7,482,679,581.80 CJPY |
1,000 WBTC = 14,965,359,163.59 CJPY |
CJPY to WBTC values from Today at 1:01 pm
0.5 CJPY = 0.00000003341 WBTC |
1 CJPY = 0.00000006682 WBTC |
5 CJPY = 0.0000003341 WBTC |
10 CJPY = 0.0000006682 WBTC |
50 CJPY = 0.000003341 WBTC |
100 CJPY = 0.000006682 WBTC |
500 CJPY = 0.00003341 WBTC |
1,000 CJPY = 0.00006682 WBTC |
WBTC to CJPY over time
WBTC | Today | 24H -0.11% | 1M -9.33% | 1Y -15.53% |
|---|---|---|---|---|
0.5 WBTC | 7,482,679.58 CJPY | 7,491,101.27 CJPY | 8,180,561.64 CJPY | 8,644,647.54 CJPY |
1 WBTC | 14,965,359.16 CJPY | 14,982,202.55 CJPY | 16,361,123.28 CJPY | 17,289,295.07 CJPY |
5 WBTC | 74,826,795.82 CJPY | 74,911,012.73 CJPY | 81,805,616.38 CJPY | 86,446,475.35 CJPY |
10 WBTC | 149,653,591.64 CJPY | 149,822,025.46 CJPY | 163,611,232.76 CJPY | 172,892,950.70 CJPY |
50 WBTC | 748,267,958.18 CJPY | 749,110,127.31 CJPY | 818,056,163.79 CJPY | 864,464,753.51 CJPY |
100 WBTC | 1,496,535,916.36 CJPY | 1,498,220,254.63 CJPY | 1,636,112,327.58 CJPY | 1,728,929,507.02 CJPY |
500 WBTC | 7,482,679,581.80 CJPY | 7,491,101,273.15 CJPY | 8,180,561,637.91 CJPY | 8,644,647,535.10 CJPY |
1,000 WBTC | 14,965,359,163.59 CJPY | 14,982,202,546.30 CJPY | 16,361,123,275.83 CJPY | 17,289,295,070.21 CJPY |
Frequently asked questions
Right now, 1 Wrapped Bitcoin is worth about $64,183.01.
Based on the current rate, you could get 0.00001558 WBTC for 1 USD.
Wrapped Bitcoin price has been declining. Since yesterday, the exchange rate of Wrapped Bitcoin has decreased. Since last month, the exchange rate of Wrapped Bitcoin has decreased. Since this time last year, the price of Wrapped Bitcoin has decreased.
You can use our WBTC to USD calculator at the top of this page to convert any amount of WBTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.0000779 WBTC. Inversely, 5 WBTC will cost about $320,915.07
Wrapped Bitcoin is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Wrapped Bitcoin.
There are a number of crypto assets that have the a similar or comparable market cap to Wrapped Bitcoin, including Lido wstETH, Wrapped Beacon ETH, and USDS. For a more robust list of assets to explore, jump to the asset page dedicated to Wrapped Bitcoin.
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