Convert Convertible JPY Token CJPY to Based One BASED1
CJPY to BASED1: 1 Convertible JPY Token converts to 0.05624 BASED1
About CJPY and BASED1
Convertible JPY Token is falling, while Based One is climbing this week. The current CJPY to BASED1 conversion rate is 0.05624. Inversely, this means that if you convert 1 BASED1 you will get 17.78 CJPY. The conversion rate of CJPY/BASED1 has decreased by 1.99% in the last hour (BASED1/CJPY increased by 1.99%). In the last 24 hours, CJPY/BASED1 shrunk by 1.14%, while BASED1/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.05624 BASED1. In other words, to buy 5 Convertible JPY Token, it would cost you 0.28119 BASED1. Inversely, 1 BASED1 would allow you to trade for 17.78 CJPY while 50 BASED1 would convert to 889.09 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 6.47%. Meanwhile, in the last 24 hours, the rate has changed by 1.22%, and that the highest exchange rate of 1 CJPY to BASED1 was 0.05907 BASED1 and the lowest 24 hour value was 1 CJPY for 0.05609 BASED1. Last month, 1 CJPY was worth 0.03899 BASED1. Today, it's up 30.68%. Looking back a year, Convertible JPY Token has changed by ∞ BASED1. That means that in a single year, the value of Convertible JPY Token has shrank by ∞%.
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.
Based One Market Stats
Based.one is a mobile-first trading platform built on the Hyperliquid ecosystem that provides access to perpetual and spot cryptocurrency markets. The project bridges decentralized finance with real-world utility through a Visa spending card linked directly to users' crypto balances.
Conversion tables
CJPY to BASED1 values from Today at 7:32 am
0.5 CJPY = 0.02812 BASED1 |
1 CJPY = 0.05624 BASED1 |
5 CJPY = 0.2812 BASED1 |
10 CJPY = 0.5624 BASED1 |
50 CJPY = 2.81 BASED1 |
100 CJPY = 5.62 BASED1 |
500 CJPY = 28.12 BASED1 |
1,000 CJPY = 56.24 BASED1 |
BASED1 to CJPY values from Today at 7:32 am
0.5 BASED1 = 8.89 CJPY |
1 BASED1 = 17.78 CJPY |
5 BASED1 = 88.91 CJPY |
10 BASED1 = 177.82 CJPY |
50 BASED1 = 889.09 CJPY |
100 BASED1 = 1,778.17 CJPY |
500 BASED1 = 8,890.86 CJPY |
1,000 BASED1 = 17,781.72 CJPY |
CJPY to BASED1 over time
CJPY | Today | 24H -1.22% | 1M 30.68% | 1Y -13,717.26% |
|---|---|---|---|---|
0.5 CJPY | 0.02812 BASED1 | 0.02846 BASED1 | 0.01949 BASED1 | 3.89 BASED1 |
1 CJPY | 0.05624 BASED1 | 0.05692 BASED1 | 0.03899 BASED1 | 7.77 BASED1 |
5 CJPY | 0.2812 BASED1 | 0.2846 BASED1 | 0.1949 BASED1 | 38.85 BASED1 |
10 CJPY | 0.5624 BASED1 | 0.5692 BASED1 | 0.3899 BASED1 | 77.70 BASED1 |
50 CJPY | 2.81 BASED1 | 2.85 BASED1 | 1.95 BASED1 | 388.52 BASED1 |
100 CJPY | 5.62 BASED1 | 5.69 BASED1 | 3.90 BASED1 | 777.05 BASED1 |
500 CJPY | 28.12 BASED1 | 28.46 BASED1 | 19.49 BASED1 | 3,885.24 BASED1 |
1,000 CJPY | 56.24 BASED1 | 56.92 BASED1 | 38.99 BASED1 | 7,770.49 BASED1 |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about ARS 7.01.
Based on the current rate, you could get 0.1426 CJPY for 1 ARS.
Convertible JPY Token price has been declining. Since yesterday, the exchange rate of Convertible JPY Token has decreased. Since last month, the exchange rate of Convertible JPY Token has increased. Since this time last year, the price of Convertible JPY Token has decreased.
You can use our CJPY to ARS calculator at the top of this page to convert any amount of CJPY to ARS. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 ARS is equivalent to 0.7129 CJPY. Inversely, 5 CJPY will cost about ARS 35.07
Convertible JPY Token can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Convertible JPY Token.
There are a number of crypto assets that have the a similar or comparable market cap to Convertible JPY Token, including Loop Network, Spacemesh, and Army. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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