Convert edgeX EDGEX to Convertible JPY Token CJPY
EDGEX to CJPY: 1 edgeX converts to 69.17 CJPY
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About EDGEX and CJPY
edgeX is climbing, while Convertible JPY Token is falling this week. The current EDGEX to CJPY conversion rate is 69.17. Inversely, this means that if you convert 1 CJPY you will get 0.01446 EDGEX. The conversion rate of EDGEX/CJPY has decreased by 0.4% in the last hour (CJPY/EDGEX increased by 0.41%). In the last 24 hours, EDGEX/CJPY grew by 0.54%, while CJPY/EDGEX shrunk by 0.54%.
The exchange rate of edgeX is increasing. The current value of 1 EDGEX is 69.17 CJPY. In other words, to buy 5 edgeX, it would cost you 345.84 CJPY. Inversely, 1 CJPY would allow you to trade for 0.01446 EDGEX while 50 CJPY would convert to 0.7229 EDGEX, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 8.78%. Meanwhile, in the last 24 hours, the rate has changed by 1.11%, which means that the highest exchange rate of 1 EDGEX to CJPY was 72.45 CJPY and the lowest 24 hour value was 1 EDGEX for 68.19 CJPY. Last month, 1 EDGEX was worth 95.47 CJPY. Today, it's down 27.55%. Looking back a year, edgeX has changed by 0.00 CJPY. That means that in a single year, the value of edgeX has grown by 0%.
edgeX Market Stats
EdgeX is a decentralized perpetual futures exchange that combines the speed and performance of centralized exchanges with the transparency and self-custody of DeFi. The platform features an off-chain order matching engine with on-chain settlement, enabling high-speed, low-latency trading across a wide range of crypto assets. Due to a ticker collision, Coinbase will use the ticker "EDGEX" for this asset instead of its on-chain or MiCA whitepaper designation "EDGE". This adjustment ensures compatibility with existing assets on our platform and avoids potential conflicts. The change does not affect the underlying asset's functionality or value.
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
EDGEX to CJPY values from Today at 1:17 am
0.5 EDGEX = 34.58 CJPY |
1 EDGEX = 69.17 CJPY |
5 EDGEX = 345.84 CJPY |
10 EDGEX = 691.69 CJPY |
50 EDGEX = 3,458.43 CJPY |
100 EDGEX = 6,916.85 CJPY |
500 EDGEX = 34,584.27 CJPY |
1,000 EDGEX = 69,168.53 CJPY |
CJPY to EDGEX values from Today at 1:15 am
0.5 CJPY = 0.007229 EDGEX |
1 CJPY = 0.01446 EDGEX |
5 CJPY = 0.07229 EDGEX |
10 CJPY = 0.1446 EDGEX |
50 CJPY = 0.7229 EDGEX |
100 CJPY = 1.45 EDGEX |
500 CJPY = 7.23 EDGEX |
1,000 CJPY = 14.46 EDGEX |
EDGEX to CJPY over time
EDGEX | Today | 24H 1.10% | 1M -38.03% | 1Y 100.00% |
|---|---|---|---|---|
0.5 EDGEX | 34.58 CJPY | 34.21 CJPY | 47.74 CJPY | 0.00 CJPY |
1 EDGEX | 69.17 CJPY | 68.41 CJPY | 95.47 CJPY | 0.00 CJPY |
5 EDGEX | 345.84 CJPY | 342.05 CJPY | 477.36 CJPY | 0.00 CJPY |
10 EDGEX | 691.69 CJPY | 684.11 CJPY | 954.72 CJPY | 0.00 CJPY |
50 EDGEX | 3,458.43 CJPY | 3,420.53 CJPY | 4,773.58 CJPY | 0.00 CJPY |
100 EDGEX | 6,916.85 CJPY | 6,841.06 CJPY | 9,547.16 CJPY | 0.00 CJPY |
500 EDGEX | 34,584.27 CJPY | 34,205.31 CJPY | 47,735.78 CJPY | 0.00 CJPY |
1,000 EDGEX | 69,168.53 CJPY | 68,410.63 CJPY | 95,471.56 CJPY | 0.00 CJPY |
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