Convert Convertible JPY Token CJPY to Midnight (midnight.vip) NIGHT
CJPY to NIGHT: 1 Convertible JPY Token converts to 0.1047 NIGHT
About CJPY and NIGHT
Convertible JPY Token is falling, while Midnight (midnight.vip) is climbing this week. The current CJPY to NIGHT conversion rate is 0.1047. Inversely, this means that if you convert 1 NIGHT you will get 9.55 CJPY. The conversion rate of CJPY/NIGHT has decreased by 0.13% in the last hour (NIGHT/CJPY increased by 0.13%). In the last 24 hours, CJPY/NIGHT shrunk by 1.41%, while NIGHT/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.1047 NIGHT. In other words, to buy 5 Convertible JPY Token, it would cost you 0.5233 NIGHT. Inversely, 1 NIGHT would allow you to trade for 9.55 CJPY while 50 NIGHT would convert to 477.70 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.82%. Meanwhile, in the last 24 hours, the rate has changed by 1.37%, which means that the highest exchange rate of 1 CJPY to NIGHT was 0.1089 NIGHT and the lowest 24 hour value was 1 CJPY for 0.09926 NIGHT. Last month, 1 CJPY was worth 0.2477 NIGHT. Today, it's down 136.68%. Looking back a year, Convertible JPY Token has changed by 1,107.15 NIGHT. That means that in a single year, the value of Convertible JPY Token has shrank by 1,057,666.14%.
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.
Midnight (midnight.vip) Market Stats
Meet Midnight, the CEO's best friend. This isn't your average German Shepherd, instead of herding sheep, Midnight is in charge of leading the Memecoin run on Polygon. He got a bite when it comes to crypto. When he's not stealing hearts (and maybe a sock or two for a strategic treat exchange), Midnight's busy attending team meetings. His investment portfolio? Diversified, of course! But his biggest love? $MATIC (gotta support the fam!).
Conversion tables
CJPY to NIGHT values from Today at 9:51 am
0.5 CJPY = 0.05233 NIGHT |
1 CJPY = 0.1047 NIGHT |
5 CJPY = 0.5233 NIGHT |
10 CJPY = 1.05 NIGHT |
50 CJPY = 5.23 NIGHT |
100 CJPY = 10.47 NIGHT |
500 CJPY = 52.33 NIGHT |
1,000 CJPY = 104.67 NIGHT |
NIGHT to CJPY values from Today at 9:51 am
0.5 NIGHT = 4.78 CJPY |
1 NIGHT = 9.55 CJPY |
5 NIGHT = 47.77 CJPY |
10 NIGHT = 95.54 CJPY |
50 NIGHT = 477.70 CJPY |
100 NIGHT = 955.40 CJPY |
500 NIGHT = 4,777.00 CJPY |
1,000 NIGHT = 9,553.99 CJPY |
CJPY to NIGHT over time
CJPY | Today | 24H -1.37% | 1M -136.68% | 1Y -1,057,666.14% |
|---|---|---|---|---|
0.5 CJPY | 0.05233 NIGHT | 0.05305 NIGHT | 0.1239 NIGHT | 553.57 NIGHT |
1 CJPY | 0.1047 NIGHT | 0.1061 NIGHT | 0.2477 NIGHT | 1,107.15 NIGHT |
5 CJPY | 0.5233 NIGHT | 0.5305 NIGHT | 1.24 NIGHT | 5,535.73 NIGHT |
10 CJPY | 1.05 NIGHT | 1.06 NIGHT | 2.48 NIGHT | 11,071.46 NIGHT |
50 CJPY | 5.23 NIGHT | 5.31 NIGHT | 12.39 NIGHT | 55,357.29 NIGHT |
100 CJPY | 10.47 NIGHT | 10.61 NIGHT | 24.77 NIGHT | 110,714.58 NIGHT |
500 CJPY | 52.33 NIGHT | 53.05 NIGHT | 123.86 NIGHT | 553,572.92 NIGHT |
1,000 CJPY | 104.67 NIGHT | 106.10 NIGHT | 247.73 NIGHT | 1,107,145.84 NIGHT |
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