Convert Convertible JPY Token CJPY to Definitive EDGE
CJPY to EDGE: 1 Convertible JPY Token converts to 0.06104 EDGE
About CJPY and EDGE
Convertible JPY Token is falling, while Definitive is climbing this week. The current CJPY to EDGE conversion rate is 0.06104. Inversely, this means that if you convert 1 EDGE you will get 16.38 CJPY. The conversion rate of CJPY/EDGE has decreased by 0.72% in the last hour (EDGE/CJPY increased by 0.72%). In the last 24 hours, CJPY/EDGE shrunk by 4.64%, while EDGE/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.06104 EDGE. In other words, to buy 5 Convertible JPY Token, it would cost you 0.30521 EDGE. Inversely, 1 EDGE would allow you to trade for 16.38 CJPY while 50 EDGE would convert to 819.10 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 22.78%. Meanwhile, in the last 24 hours, the rate has changed by 5.3%, and that the highest exchange rate of 1 CJPY to EDGE was 0.06597 EDGE and the lowest 24 hour value was 1 CJPY for 0.0576 EDGE. Last month, 1 CJPY was worth 0.06544 EDGE. Today, it's down 7.21%. Looking back a year, Convertible JPY Token has changed by 0.01741 EDGE. That means that in a single year, the value of Convertible JPY Token has grown by 71.47%.
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.
Definitive Market Stats
Definitive is an advanced trading platform that offers a CeFi-like experience on DeFi rails via a non-custodial platform & API that is live across Solana, Base and other major EVM chains. EDGE is the utility token for the Definitive platform. Users can stake EDGE to unlock trading fee discounts and enhanced platform capabilities.
Conversion tables
CJPY to EDGE values from Today at 11:58 pm
0.5 CJPY = 0.03052 EDGE |
1 CJPY = 0.06104 EDGE |
5 CJPY = 0.3052 EDGE |
10 CJPY = 0.6104 EDGE |
50 CJPY = 3.05 EDGE |
100 CJPY = 6.10 EDGE |
500 CJPY = 30.52 EDGE |
1,000 CJPY = 61.04 EDGE |
EDGE to CJPY values from Today at 12:00 am
0.5 EDGE = 8.19 CJPY |
1 EDGE = 16.38 CJPY |
5 EDGE = 81.91 CJPY |
10 EDGE = 163.82 CJPY |
50 EDGE = 819.10 CJPY |
100 EDGE = 1,638.19 CJPY |
500 EDGE = 8,190.95 CJPY |
1,000 EDGE = 16,381.90 CJPY |
CJPY to EDGE over time
CJPY | Today | 24H -5.30% | 1M -7.21% | 1Y 71.47% |
|---|---|---|---|---|
0.5 CJPY | 0.03052 EDGE | 0.03214 EDGE | 0.03272 EDGE | 0.008707 EDGE |
1 CJPY | 0.06104 EDGE | 0.06428 EDGE | 0.06544 EDGE | 0.01741 EDGE |
5 CJPY | 0.3052 EDGE | 0.3214 EDGE | 0.3272 EDGE | 0.08707 EDGE |
10 CJPY | 0.6104 EDGE | 0.6428 EDGE | 0.6544 EDGE | 0.1741 EDGE |
50 CJPY | 3.05 EDGE | 3.21 EDGE | 3.27 EDGE | 0.8707 EDGE |
100 CJPY | 6.10 EDGE | 6.43 EDGE | 6.54 EDGE | 1.74 EDGE |
500 CJPY | 30.52 EDGE | 32.14 EDGE | 32.72 EDGE | 8.71 EDGE |
1,000 CJPY | 61.04 EDGE | 64.28 EDGE | 65.44 EDGE | 17.41 EDGE |
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