Convert Egyptian Pound EGP to Convertible JPY Token CJPY
EGP to CJPY: 1 Egyptian Pound converts to 3.80 CJPY
About Convertible JPY Token
Convertible JPY Token is climbing this week. The current price of Convertible JPY Token is EGP 0.2631 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of EGP 55,947,548.13. The amount of Convertible JPY Token traded has fallen by -EGP 34,404.40 in the last 24 hours, which is a 88.79% decrease. Additionally, in the last day, EGP 38,747.66 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is EGP 0.2631 EGP. In other words, to buy 5 Convertible JPY Token, it would cost you EGP 1.3157 EGP. Inversely, EGP 1.00 EGP would allow you to trade for 3.80 CJPY while EGP 50.00 EGP would convert to 190.01 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 2.72%. Meanwhile, in the last 24 hours, the rate has changed by 0.12%, and that the highest exchange rate of 1 CJPY to EGP was EGP 0.2655 EGP and the lowest 24 hour value was 1 CJPY for EGP 0.2619 EGP. Last month, 1 CJPY was worth EGP 0.2709 EGP. Today, it's down 5.85%. Looking back a year, Convertible JPY Token has changed by EGP 0.2557 EGP. That means that in a single year, the value of Convertible JPY Token has shrank by 10.17%.
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.
Conversion tables
EGP to CJPY values from Today at 7:38 am
EGP 0.50 EGP = 1.90 CJPY |
EGP 1.00 EGP = 3.80 CJPY |
EGP 5.00 EGP = 19.00 CJPY |
EGP 10.00 EGP = 38.00 CJPY |
EGP 50.00 EGP = 190.01 CJPY |
EGP 100.00 EGP = 380.02 CJPY |
EGP 500.00 EGP = 1,900.10 CJPY |
EGP 1,000.00 EGP = 3,800.20 CJPY |
CJPY to EGP values from Today at 7:37 am
0.5 CJPY = EGP 0.1316 EGP |
1 CJPY = EGP 0.2631 EGP |
5 CJPY = EGP 1.32 EGP |
10 CJPY = EGP 2.63 EGP |
50 CJPY = EGP 13.16 EGP |
100 CJPY = EGP 26.31 EGP |
500 CJPY = EGP 131.57 EGP |
1,000 CJPY = EGP 263.14 EGP |
EGP to CJPY over time
EGP | Today | 24H -6,735.26% | 1M -6,550.57% | 1Y -6,945.26% |
|---|---|---|---|---|
0.5 EGP | 1.90 CJPY | 1.90 CJPY | 1.85 CJPY | 1.96 CJPY |
1 EGP | 3.80 CJPY | 3.79 CJPY | 3.69 CJPY | 3.91 CJPY |
5 EGP | 19.00 CJPY | 18.97 CJPY | 18.46 CJPY | 19.55 CJPY |
10 EGP | 38.00 CJPY | 37.94 CJPY | 36.91 CJPY | 39.10 CJPY |
50 EGP | 190.01 CJPY | 189.69 CJPY | 184.56 CJPY | 195.51 CJPY |
100 EGP | 380.02 CJPY | 379.37 CJPY | 369.12 CJPY | 391.03 CJPY |
500 EGP | 1,900.10 CJPY | 1,896.86 CJPY | 1,845.60 CJPY | 1,955.13 CJPY |
1,000 EGP | 3,800.20 CJPY | 3,793.71 CJPY | 3,691.21 CJPY | 3,910.27 CJPY |
Frequently asked questions
Related conversions
Discover other cryptocurrencies to currency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.