Convert Convertible JPY Token CJPY to THORChain RUNE
CJPY to RUNE: 1 Convertible JPY Token converts to 0.01014 RUNE
About CJPY and RUNE
Convertible JPY Token is climbing, while THORChain is falling this week. The current CJPY to RUNE conversion rate is 0.01014. Inversely, this means that if you convert 1 RUNE you will get 98.63 CJPY. The conversion rate of CJPY/RUNE has decreased by 0.49% in the last hour (RUNE/CJPY increased by 0.49%). In the last 24 hours, CJPY/RUNE grew by 1.08%, while RUNE/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.01014 RUNE. In other words, to buy 5 Convertible JPY Token, it would cost you 0.0507 RUNE. Inversely, 1 RUNE would allow you to trade for 98.63 CJPY while 50 RUNE would convert to 4,931.26 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.38%. Meanwhile, in the last 24 hours, the rate has changed by 0.68%, and that the highest exchange rate of 1 CJPY to RUNE was 0.01031 RUNE and the lowest 24 hour value was 1 CJPY for 0.01007 RUNE. Last month, 1 CJPY was worth 0.01057 RUNE. Today, it's down 4.23%. Looking back a year, Convertible JPY Token has changed by 0.004495 RUNE. That means that in a single year, the value of Convertible JPY Token has grown by 55.67%.
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.
THORChain Market Stats
Conversion tables
CJPY to RUNE values from Today at 2:38 pm
0.5 CJPY = 0.00507 RUNE |
1 CJPY = 0.01014 RUNE |
5 CJPY = 0.0507 RUNE |
10 CJPY = 0.1014 RUNE |
50 CJPY = 0.507 RUNE |
100 CJPY = 1.01 RUNE |
500 CJPY = 5.07 RUNE |
1,000 CJPY = 10.14 RUNE |
RUNE to CJPY values from Today at 2:38 pm
0.5 RUNE = 49.31 CJPY |
1 RUNE = 98.63 CJPY |
5 RUNE = 493.13 CJPY |
10 RUNE = 986.25 CJPY |
50 RUNE = 4,931.26 CJPY |
100 RUNE = 9,862.52 CJPY |
500 RUNE = 49,312.62 CJPY |
1,000 RUNE = 98,625.25 CJPY |
CJPY to RUNE over time
CJPY | Today | 24H 0.68% | 1M -4.23% | 1Y 55.67% |
|---|---|---|---|---|
0.5 CJPY | 0.00507 RUNE | 0.005035 RUNE | 0.005284 RUNE | 0.002247 RUNE |
1 CJPY | 0.01014 RUNE | 0.01007 RUNE | 0.01057 RUNE | 0.004495 RUNE |
5 CJPY | 0.0507 RUNE | 0.05035 RUNE | 0.05284 RUNE | 0.02247 RUNE |
10 CJPY | 0.1014 RUNE | 0.1007 RUNE | 0.1057 RUNE | 0.04495 RUNE |
50 CJPY | 0.507 RUNE | 0.5035 RUNE | 0.5284 RUNE | 0.2247 RUNE |
100 CJPY | 1.01 RUNE | 1.01 RUNE | 1.06 RUNE | 0.4495 RUNE |
500 CJPY | 5.07 RUNE | 5.04 RUNE | 5.28 RUNE | 2.25 RUNE |
1,000 CJPY | 10.14 RUNE | 10.07 RUNE | 10.57 RUNE | 4.49 RUNE |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about CA$0.006307.
Based on the current rate, you could get 158.55 CJPY for 1 CAD.
Convertible JPY Token price has been on the rise. Since yesterday, the exchange rate of Convertible JPY Token has increased. 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 CAD calculator at the top of this page to convert any amount of CJPY to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 792.73 CJPY. Inversely, 5 CJPY will cost about CA$0.03154
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.
Related conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.