Convert Convertible JPY Token CJPY to Altlayer ALT
CJPY to ALT: 1 Convertible JPY Token converts to 0.9484 ALT
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About CJPY and ALT
Convertible JPY Token is climbing, while Altlayer is falling this week. The current CJPY to ALT conversion rate is 0.9484. Inversely, this means that if you convert 1 ALT you will get 1.05 CJPY. The conversion rate of CJPY/ALT has increased by 0.35% in the last hour (ALT/CJPY decreased by 0.35%). In the last 24 hours, CJPY/ALT grew by 1.2%, while ALT/CJPY shrunk by 1.18%.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.9484 ALT. In other words, to buy 5 Convertible JPY Token, it would cost you 4.7419 ALT. Inversely, 1 ALT would allow you to trade for 1.05 CJPY while 50 ALT would convert to 52.72 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 5.96%. Meanwhile, in the last 24 hours, the rate has changed by 1.63%, which means that the highest exchange rate of 1 CJPY to ALT was 0.9672 ALT and the lowest 24 hour value was 1 CJPY for 0.9318 ALT. Last month, 1 CJPY was worth 0.6981 ALT. Today, it's up 35.86%. Looking back a year, Convertible JPY Token has changed by 0.3067 ALT. That means that in a single year, the value of Convertible JPY Token has grown by 209.21%.
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.
Altlayer Market Stats
AltLayer is an open and decentralised protocol for rollups that brings together the novel idea of a Restaked rollup, which takes existing rollups and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality. ALT is AltLayer’s native utility token and can be used for governance, protocol fee payments, economic bonding, and protocol incentivization.
Conversion tables
CJPY to ALT values from Today at 6:38 am
0.5 CJPY = 0.4742 ALT |
1 CJPY = 0.9484 ALT |
5 CJPY = 4.74 ALT |
10 CJPY = 9.48 ALT |
50 CJPY = 47.42 ALT |
100 CJPY = 94.84 ALT |
500 CJPY = 474.19 ALT |
1,000 CJPY = 948.39 ALT |
ALT to CJPY values from Today at 6:38 am
0.5 ALT = 0.5272 CJPY |
1 ALT = 1.05 CJPY |
5 ALT = 5.27 CJPY |
10 ALT = 10.54 CJPY |
50 ALT = 52.72 CJPY |
100 ALT = 105.44 CJPY |
500 ALT = 527.21 CJPY |
1,000 ALT = 1,054.42 CJPY |
CJPY to ALT over time
CJPY | Today | 24H 1.61% | 1M 26.39% | 1Y 67.66% |
|---|---|---|---|---|
0.5 CJPY | 0.4742 ALT | 0.4666 ALT | 0.349 ALT | 0.1534 ALT |
1 CJPY | 0.9484 ALT | 0.9332 ALT | 0.6981 ALT | 0.3067 ALT |
5 CJPY | 4.74 ALT | 4.67 ALT | 3.49 ALT | 1.53 ALT |
10 CJPY | 9.48 ALT | 9.33 ALT | 6.98 ALT | 3.07 ALT |
50 CJPY | 47.42 ALT | 46.66 ALT | 34.90 ALT | 15.34 ALT |
100 CJPY | 94.84 ALT | 93.32 ALT | 69.81 ALT | 30.67 ALT |
500 CJPY | 474.19 ALT | 466.58 ALT | 349.04 ALT | 153.36 ALT |
1,000 CJPY | 948.39 ALT | 933.15 ALT | 698.07 ALT | 306.71 ALT |
Frequently asked questions
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