Convert Convertible JPY Token CJPY to Samoan Tala WST
CJPY to WST: 1 Convertible JPY Token converts to WST 0.01341 WST as of November 10 at 11:35 AM
Buy Convertible JPY Token with Coinbase Wallet
Create a Coinbase account to buy and sell Convertible JPY Token on the most secure crypto exchange.
About Convertible JPY Token
Convertible JPY Token is falling this week. The current price of Convertible JPY Token is WST 0.01341 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of WST 2,850,604.74. The amount of Convertible JPY Token traded has fallen by -WST 2,906.97 in the last 24 hours, which is a 80.30% decrease. Additionally, in the last day, WST 3,620.03 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is WST 0.01341 WST. In other words, to buy 5 Convertible JPY Token, it would cost you WST 0.06703 WST. Inversely, WST 1.00 WST would allow you to trade for 74.59 CJPY while WST 50.00 WST would convert to 3,729.45 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 3.31%. Meanwhile, in the last 24 hours, the rate has changed by 0.59%, and that the highest exchange rate of 1 CJPY to WST was WST 0.01358 WST and the lowest 24 hour value was 1 CJPY for WST 0.01332 WST. Last month, 1 CJPY was worth WST 0.01429 WST. Today, it's down 6.01%. Looking back a year, Convertible JPY Token has changed by WST 0.01526 WST. That means that in a single year, the value of Convertible JPY Token has shrank by 10.31%.
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.
Conversion tables
CJPY to WST values from Today at 11:35 am
0.5 CJPY = WST 0.006703 WST |
1 CJPY = WST 0.01341 WST |
5 CJPY = WST 0.06703 WST |
10 CJPY = WST 0.1341 WST |
50 CJPY = WST 0.6703 WST |
100 CJPY = WST 1.34 WST |
500 CJPY = WST 6.70 WST |
1,000 CJPY = WST 13.41 WST |
WST to CJPY values from Today at
WST 0.50 WST = 37.29 CJPY |
WST 1.00 WST = 74.59 CJPY |
WST 5.00 WST = 372.94 CJPY |
WST 10.00 WST = 745.89 CJPY |
WST 50.00 WST = 3,729.45 CJPY |
WST 100.00 WST = 7,458.89 CJPY |
WST 500.00 WST = 37,294.47 CJPY |
WST 1,000.00 WST = 74,588.95 CJPY |
CJPY to WST over time
CJPY | Today | 24H -0.32% | 1M -6.58% | 1Y -13.82% |
|---|---|---|---|---|
0.5 CJPY | WST 0.006703 WST | WST 0.006725 WST | WST 0.007144 WST | WST 0.00763 WST |
1 CJPY | WST 0.01341 WST | WST 0.01345 WST | WST 0.01429 WST | WST 0.01526 WST |
5 CJPY | WST 0.06703 WST | WST 0.06725 WST | WST 0.07144 WST | WST 0.0763 WST |
10 CJPY | WST 0.1341 WST | WST 0.1345 WST | WST 0.1429 WST | WST 0.1526 WST |
50 CJPY | WST 0.6703 WST | WST 0.6725 WST | WST 0.7144 WST | WST 0.763 WST |
100 CJPY | WST 1.34 WST | WST 1.34 WST | WST 1.43 WST | WST 1.53 WST |
500 CJPY | WST 6.70 WST | WST 6.72 WST | WST 7.14 WST | WST 7.63 WST |
1,000 CJPY | WST 13.41 WST | WST 13.45 WST | WST 14.29 WST | WST 15.26 WST |
Frequently asked questions
Buy Convertible JPY Token with Coinbase Wallet
Create a Coinbase account to buy and sell Convertible JPY Token on the most secure crypto exchange.
Related conversions
Learn how to buy popular cryptocurrencies
Explore other stocks
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.