Convert Convertible JPY Token CJPY to COTI COTI
CJPY to COTI: 1 Convertible JPY Token converts to 0.3917 COTI
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About CJPY and COTI
Convertible JPY Token is falling, while COTI is climbing this week. The current CJPY to COTI conversion rate is 0.3917. Inversely, this means that if you convert 1 COTI you will get 2.55 CJPY. The conversion rate of CJPY/COTI has increased by 2.51% in the last hour (COTI/CJPY decreased by 2.51%). In the last 24 hours, CJPY/COTI shrunk by 2.66%, while COTI/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.3917 COTI. In other words, to buy 5 Convertible JPY Token, it would cost you 1.9585 COTI. Inversely, 1 COTI would allow you to trade for 2.55 CJPY while 50 COTI would convert to 127.65 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 8.85%. Meanwhile, in the last 24 hours, the rate has changed by 8.3%, and that the highest exchange rate of 1 CJPY to COTI was 0.4374 COTI and the lowest 24 hour value was 1 CJPY for 0.4009 COTI. Last month, 1 CJPY was worth 0.6133 COTI. Today, it's down 56.57%. Looking back a year, Convertible JPY Token has changed by 0.1262 COTI. That means that in a single year, the value of Convertible JPY Token has grown by 67.77%.
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.
COTI Market Stats
COTI is a token that powers Coti, a project that describes itself as a “DAG (directed acyclic graph) protocol optimized for creating decentralized payment networks and stable coins.” Coti uses Trustchain, a decentralized ledger that can process over 100,000 transactions per second, to power online and offline payments, loyalty payments, stablecoins, and more. Note: Coinbase currently only supports COTI running on the Ethereum blockchain (ERC-20).
Conversion tables
CJPY to COTI values from Today at 2:01 pm
0.5 CJPY = 0.1958 COTI |
1 CJPY = 0.3917 COTI |
5 CJPY = 1.96 COTI |
10 CJPY = 3.92 COTI |
50 CJPY = 19.58 COTI |
100 CJPY = 39.17 COTI |
500 CJPY = 195.85 COTI |
1,000 CJPY = 391.70 COTI |
COTI to CJPY values from Today at 2:04 pm
0.5 COTI = 1.28 CJPY |
1 COTI = 2.55 CJPY |
5 COTI = 12.76 CJPY |
10 COTI = 25.53 CJPY |
50 COTI = 127.65 CJPY |
100 COTI = 255.30 CJPY |
500 COTI = 1,276.50 CJPY |
1,000 COTI = 2,552.99 CJPY |
CJPY to COTI over time
CJPY | Today | 24H -8.30% | 1M -56.57% | 1Y 67.77% |
|---|---|---|---|---|
0.5 CJPY | 0.1958 COTI | 0.2121 COTI | 0.3066 COTI | 0.06312 COTI |
1 CJPY | 0.3917 COTI | 0.4242 COTI | 0.6133 COTI | 0.1262 COTI |
5 CJPY | 1.96 COTI | 2.12 COTI | 3.07 COTI | 0.6312 COTI |
10 CJPY | 3.92 COTI | 4.24 COTI | 6.13 COTI | 1.26 COTI |
50 CJPY | 19.58 COTI | 21.21 COTI | 30.66 COTI | 6.31 COTI |
100 CJPY | 39.17 COTI | 42.42 COTI | 61.33 COTI | 12.62 COTI |
500 CJPY | 195.85 COTI | 212.11 COTI | 306.63 COTI | 63.12 COTI |
1,000 CJPY | 391.70 COTI | 424.22 COTI | 613.27 COTI | 126.24 COTI |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about €0.004446.
Based on the current rate, you could get 224.93 CJPY for 1 EUR.
Convertible JPY Token price has been on the rise. Since yesterday, the exchange rate of Convertible JPY Token has increased. 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 EUR calculator at the top of this page to convert any amount of CJPY to EUR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 EUR is equivalent to 1,124.65 CJPY. Inversely, 5 CJPY will cost about €0.02223
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 Nyan Cat (nyancoin.io), Recovery Right Token, and Bird Dog. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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