Convert Convertible JPY Token CJPY to Raydium RAY
CJPY to RAY: 1 Convertible JPY Token converts to 0.007349 RAY
About CJPY and RAY
Convertible JPY Token is climbing, while Raydium is falling this week. The current CJPY to RAY conversion rate is 0.007349. Inversely, this means that if you convert 1 RAY you will get 136.08 CJPY. The conversion rate of CJPY/RAY has increased by 0.06% in the last hour (RAY/CJPY decreased by 0.06%). In the last 24 hours, CJPY/RAY grew by 0.29%, while RAY/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.007349 RAY. In other words, to buy 5 Convertible JPY Token, it would cost you 0.036743 RAY. Inversely, 1 RAY would allow you to trade for 136.08 CJPY while 50 RAY would convert to 6,803.93 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.81%. Meanwhile, in the last 24 hours, the rate has changed by 0.04%, which means that the highest exchange rate of 1 CJPY to RAY was 0.007409 RAY and the lowest 24 hour value was 1 CJPY for 0.007285 RAY. Last month, 1 CJPY was worth 0.006393 RAY. Today, it's up 13%. Looking back a year, Convertible JPY Token has changed by 0.002308 RAY. That means that in a single year, the value of Convertible JPY Token has grown by 68.59%.
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.
Raydium Market Stats
RAY is the native utility token for Raydium, an automated market maker (AMM) and decentralized exchange built on the Solana blockchain. Holders can stake RAY to earn a portion of protocol fees, participate in initial DEX offerings (IDOs), and vote on governance proposals regarding the platform’s development.
Conversion tables
CJPY to RAY values from Today at 5:14 pm
0.5 CJPY = 0.003674 RAY |
1 CJPY = 0.007349 RAY |
5 CJPY = 0.03674 RAY |
10 CJPY = 0.07349 RAY |
50 CJPY = 0.3674 RAY |
100 CJPY = 0.7349 RAY |
500 CJPY = 3.67 RAY |
1,000 CJPY = 7.35 RAY |
RAY to CJPY values from Today at 5:14 pm
0.5 RAY = 68.04 CJPY |
1 RAY = 136.08 CJPY |
5 RAY = 680.39 CJPY |
10 RAY = 1,360.79 CJPY |
50 RAY = 6,803.93 CJPY |
100 RAY = 13,607.86 CJPY |
500 RAY = 68,039.29 CJPY |
1,000 RAY = 136,078.59 CJPY |
CJPY to RAY over time
CJPY | Today | 24H 0.04% | 1M 13.00% | 1Y 68.59% |
|---|---|---|---|---|
0.5 CJPY | 0.003674 RAY | 0.003673 RAY | 0.003197 RAY | 0.001154 RAY |
1 CJPY | 0.007349 RAY | 0.007346 RAY | 0.006393 RAY | 0.002308 RAY |
5 CJPY | 0.03674 RAY | 0.03673 RAY | 0.03197 RAY | 0.01154 RAY |
10 CJPY | 0.07349 RAY | 0.07346 RAY | 0.06393 RAY | 0.02308 RAY |
50 CJPY | 0.3674 RAY | 0.3673 RAY | 0.3197 RAY | 0.1154 RAY |
100 CJPY | 0.7349 RAY | 0.7346 RAY | 0.6393 RAY | 0.2308 RAY |
500 CJPY | 3.67 RAY | 3.67 RAY | 3.20 RAY | 1.15 RAY |
1,000 CJPY | 7.35 RAY | 7.35 RAY | 6.39 RAY | 2.31 RAY |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about ARS 6.89.
Based on the current rate, you could get 0.1451 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 0.7254 CJPY. Inversely, 5 CJPY will cost about ARS 34.46
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 Short-term T-Bill Token, BaseX, and Fine. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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