Convert MetaDAO META to Convertible JPY Token CJPY
META to CJPY: 1 MetaDAO converts to 822.40 CJPY
About META and CJPY
MetaDAO is climbing, while Convertible JPY Token is falling this week. The current META to CJPY conversion rate is 822.40. Inversely, this means that if you convert 1 CJPY you will get 0.001216 META. The conversion rate of META/CJPY has increased by 1.07% in the last hour (CJPY/META decreased by 1.06%). In the last 24 hours, META/CJPY grew by 4.54%, while CJPY/META shrunk by 4.35%.
The exchange rate of MetaDAO is increasing. The current value of 1 META is 822.40 CJPY. In other words, to buy 5 MetaDAO, it would cost you 4,111.98 CJPY. Inversely, 1 CJPY would allow you to trade for 0.001216 META while 50 CJPY would convert to 0.0608 META, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 9.19%. Meanwhile, in the last 24 hours, the rate has changed by 3.78%, and that the highest exchange rate of 1 META to CJPY was 859.31 CJPY and the lowest 24 hour value was 1 META for 786.34 CJPY. Last month, 1 META was worth 1,147.72 CJPY. Today, it's down 28.35%. Looking back a year, MetaDAO has changed by 1,339.60 CJPY. That means that in a single year, the value of MetaDAO has shrank by 38.61%.
MetaDAO Market Stats
MetaDAO is a Solana-based platform for futarchy governance and fundraising. META is its token. Futarchy uses prediction markets to help evaluate proposed decisions.
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
META to CJPY values from Today at 12:54 am
0.5 META = 411.20 CJPY |
1 META = 822.40 CJPY |
5 META = 4,111.98 CJPY |
10 META = 8,223.97 CJPY |
50 META = 41,119.83 CJPY |
100 META = 82,239.66 CJPY |
500 META = 411,198.32 CJPY |
1,000 META = 822,396.65 CJPY |
CJPY to META values from Today at 12:53 am
0.5 CJPY = 0.000608 META |
1 CJPY = 0.001216 META |
5 CJPY = 0.00608 META |
10 CJPY = 0.01216 META |
50 CJPY = 0.0608 META |
100 CJPY = 0.1216 META |
500 CJPY = 0.608 META |
1,000 CJPY = 1.22 META |
META to CJPY over time
META | Today | 24H 3.65% | 1M -39.56% | 1Y -62.89% |
|---|---|---|---|---|
0.5 META | 411.20 CJPY | 396.20 CJPY | 573.86 CJPY | 669.80 CJPY |
1 META | 822.40 CJPY | 792.41 CJPY | 1,147.72 CJPY | 1,339.60 CJPY |
5 META | 4,111.98 CJPY | 3,962.03 CJPY | 5,738.61 CJPY | 6,697.98 CJPY |
10 META | 8,223.97 CJPY | 7,924.07 CJPY | 11,477.22 CJPY | 13,395.96 CJPY |
50 META | 41,119.83 CJPY | 39,620.33 CJPY | 57,386.11 CJPY | 66,979.81 CJPY |
100 META | 82,239.66 CJPY | 79,240.65 CJPY | 114,772.22 CJPY | 133,959.61 CJPY |
500 META | 411,198.32 CJPY | 396,203.26 CJPY | 573,861.10 CJPY | 669,798.06 CJPY |
1,000 META | 822,396.65 CJPY | 792,406.53 CJPY | 1,147,722.21 CJPY | 1,339,596.12 CJPY |
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