Convert Convertible JPY Token CJPY to Sky SKY
CJPY to SKY: 1 Convertible JPY Token converts to 0.07865 SKY
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About CJPY and SKY
Convertible JPY Token is climbing, while Sky is falling this week. The current CJPY to SKY conversion rate is 0.07865. Inversely, this means that if you convert 1 SKY you will get 12.72 CJPY. The conversion rate of CJPY/SKY has increased by 0.38% in the last hour (SKY/CJPY decreased by 0.38%). In the last 24 hours, CJPY/SKY grew by 0.7%, while SKY/CJPY shrunk by 0.7%.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.07865 SKY. In other words, to buy 5 Convertible JPY Token, it would cost you 0.39324 SKY. Inversely, 1 SKY would allow you to trade for 12.72 CJPY while 50 SKY would convert to 635.75 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 5.39%. Meanwhile, in the last 24 hours, the rate has changed by 0.96%, which means that the highest exchange rate of 1 CJPY to SKY was 0.0811 SKY and the lowest 24 hour value was 1 CJPY for 0.0775 SKY. Last month, 1 CJPY was worth 0.06751 SKY. Today, it's up 16.49%. Looking back a year, Convertible JPY Token has changed by 0.1065 SKY. That means that in a single year, the value of Convertible JPY Token has shrank by 26.17%.
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.
Sky Market Stats
The SKY token is the native governance and utility token of the Sky Protocol, a decentralized finance (DeFi) platform that evolved from MakerDAO. It plays a central role in the protocol’s ecosystem, supporting a range of financial services and community-driven governance.
Conversion tables
CJPY to SKY values from Today at 11:27 pm
0.5 CJPY = 0.03932 SKY |
1 CJPY = 0.07865 SKY |
5 CJPY = 0.3932 SKY |
10 CJPY = 0.7865 SKY |
50 CJPY = 3.93 SKY |
100 CJPY = 7.86 SKY |
500 CJPY = 39.32 SKY |
1,000 CJPY = 78.65 SKY |
SKY to CJPY values from Today at 11:28 pm
0.5 SKY = 6.36 CJPY |
1 SKY = 12.72 CJPY |
5 SKY = 63.58 CJPY |
10 SKY = 127.15 CJPY |
50 SKY = 635.75 CJPY |
100 SKY = 1,271.50 CJPY |
500 SKY = 6,357.51 CJPY |
1,000 SKY = 12,715.01 CJPY |
CJPY to SKY over time
CJPY | Today | 24H 0.96% | 1M 14.16% | 1Y -35.45% |
|---|---|---|---|---|
0.5 CJPY | 0.03932 SKY | 0.03895 SKY | 0.03376 SKY | 0.05327 SKY |
1 CJPY | 0.07865 SKY | 0.0779 SKY | 0.06751 SKY | 0.1065 SKY |
5 CJPY | 0.3932 SKY | 0.3895 SKY | 0.3376 SKY | 0.5327 SKY |
10 CJPY | 0.7865 SKY | 0.779 SKY | 0.6751 SKY | 1.07 SKY |
50 CJPY | 3.93 SKY | 3.89 SKY | 3.38 SKY | 5.33 SKY |
100 CJPY | 7.86 SKY | 7.79 SKY | 6.75 SKY | 10.65 SKY |
500 CJPY | 39.32 SKY | 38.95 SKY | 33.76 SKY | 53.27 SKY |
1,000 CJPY | 78.65 SKY | 77.90 SKY | 67.51 SKY | 106.53 SKY |
Frequently asked questions
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