Convert Convertible JPY Token CJPY to Solomon Islands Dollar SBD
CJPY to SBD: 1 Convertible JPY Token converts to SBD 0.03601 SBD as of August 1 at 10:28 AM
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About Convertible JPY Token
Convertible JPY Token is falling this week. The current price of Convertible JPY Token is SBD 0.03601 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of SBD 7,651,801.59. The amount of Convertible JPY Token traded has fallen by -SBD 4,301.55 in the last 24 hours, which is a 35.41% decrease. Additionally, in the last day, SBD 12,147.11 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is SBD 0.03601 SBD. In other words, to buy 5 Convertible JPY Token, it would cost you SBD 0.18005 SBD. Inversely, SBD 1.00 SBD would allow you to trade for 27.77 CJPY while SBD 50.00 SBD would convert to 1,388.52 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.16%. Meanwhile, in the last 24 hours, the rate has changed by 0.98%, and that the highest exchange rate of 1 CJPY to SBD was SBD 0.03643 SBD and the lowest 24 hour value was 1 CJPY for SBD 0.03586 SBD. Last month, 1 CJPY was worth SBD 0.0325 SBD. Today, it's up 10.58%. Looking back a year, Convertible JPY Token has changed by SBD 0.04744 SBD. That means that in a single year, the value of Convertible JPY Token has shrank by 22.38%.
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 SBD values from Today at 10:28 am
0.5 CJPY = SBD 0.018 SBD |
1 CJPY = SBD 0.03601 SBD |
5 CJPY = SBD 0.18 SBD |
10 CJPY = SBD 0.3601 SBD |
50 CJPY = SBD 1.80 SBD |
100 CJPY = SBD 3.60 SBD |
500 CJPY = SBD 18.00 SBD |
1,000 CJPY = SBD 36.01 SBD |
SBD to CJPY values from Today at 10:29 am
SBD 0.50 SBD = 13.89 CJPY |
SBD 1.00 SBD = 27.77 CJPY |
SBD 5.00 SBD = 138.85 CJPY |
SBD 10.00 SBD = 277.70 CJPY |
SBD 50.00 SBD = 1,388.52 CJPY |
SBD 100.00 SBD = 2,777.03 CJPY |
SBD 500.00 SBD = 13,885.17 CJPY |
SBD 1,000.00 SBD = 27,770.35 CJPY |
CJPY to SBD over time
CJPY | Today | 24H 67.60% | 1M 71.05% | 1Y 57.73% |
|---|---|---|---|---|
0.5 CJPY | SBD 0.018 SBD | SBD 0.01818 SBD | SBD 0.01625 SBD | SBD 0.02372 SBD |
1 CJPY | SBD 0.03601 SBD | SBD 0.03637 SBD | SBD 0.0325 SBD | SBD 0.04744 SBD |
5 CJPY | SBD 0.18 SBD | SBD 0.1818 SBD | SBD 0.1625 SBD | SBD 0.2372 SBD |
10 CJPY | SBD 0.3601 SBD | SBD 0.3637 SBD | SBD 0.325 SBD | SBD 0.4744 SBD |
50 CJPY | SBD 1.80 SBD | SBD 1.82 SBD | SBD 1.62 SBD | SBD 2.37 SBD |
100 CJPY | SBD 3.60 SBD | SBD 3.64 SBD | SBD 3.25 SBD | SBD 4.74 SBD |
500 CJPY | SBD 18.00 SBD | SBD 18.18 SBD | SBD 16.25 SBD | SBD 23.72 SBD |
1,000 CJPY | SBD 36.01 SBD | SBD 36.37 SBD | SBD 32.50 SBD | SBD 47.44 SBD |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about SBD 0.03601.
Based on the current rate, you could get 27.77 CJPY for 1 SBD.
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 SBD calculator at the top of this page to convert any amount of CJPY to SBD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 SBD is equivalent to 138.85 CJPY. Inversely, 5 CJPY will cost about SBD 0.18
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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