Convert Convertible JPY Token CJPY to Magic 8 Ball by Virtuals 8BALL
CJPY to 8BALL: 1 Convertible JPY Token converts to 637.76 8BALL
About CJPY and 8BALL
Convertible JPY Token is falling, while Magic 8 Ball by Virtuals is climbing this week. The current CJPY to 8BALL conversion rate is 637.76. Inversely, this means that if you convert 1 8BALL you will get 0.001568 CJPY. The conversion rate of CJPY/8BALL has decreased by 0.01% in the last hour (8BALL/CJPY increased by 0.01%). In the last 24 hours, CJPY/8BALL shrunk by 2.74%, while 8BALL/CJPY grew by 2.82%.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 637.76 8BALL. In other words, to buy 5 Convertible JPY Token, it would cost you 3,188.79 8BALL. Inversely, 1 8BALL would allow you to trade for 0.001568 CJPY while 50 8BALL would convert to 0.0784 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 3.74%. Meanwhile, in the last 24 hours, the rate has changed by 3.08%, and that the highest exchange rate of 1 CJPY to 8BALL was 658.04 8BALL and the lowest 24 hour value was 1 CJPY for 634.63 8BALL. Last month, 1 CJPY was worth 681.11 8BALL. Today, it's down 6.37%. Looking back a year, Convertible JPY Token has changed by 262.70 8BALL. That means that in a single year, the value of Convertible JPY Token has grown by 142.77%.
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.
Magic 8 Ball by Virtuals Market Stats
Conversion tables
CJPY to 8BALL values from Today at 10:51 am
0.5 CJPY = 318.88 8BALL |
1 CJPY = 637.76 8BALL |
5 CJPY = 3,188.79 8BALL |
10 CJPY = 6,377.58 8BALL |
50 CJPY = 31,887.90 8BALL |
100 CJPY = 63,775.80 8BALL |
500 CJPY = 318,879.00 8BALL |
1,000 CJPY = 637,757.99 8BALL |
8BALL to CJPY values from Today at 10:39 am
0.5 8BALL = 0.000784 CJPY |
1 8BALL = 0.001568 CJPY |
5 8BALL = 0.00784 CJPY |
10 8BALL = 0.01568 CJPY |
50 8BALL = 0.0784 CJPY |
100 8BALL = 0.1568 CJPY |
500 8BALL = 0.784 CJPY |
1,000 8BALL = 1.57 CJPY |
CJPY to 8BALL over time
CJPY | Today | 24H -3.18% | 1M -6.80% | 1Y 58.81% |
|---|---|---|---|---|
0.5 CJPY | 318.88 8BALL | 329.02 8BALL | 340.56 8BALL | 131.35 8BALL |
1 CJPY | 637.76 8BALL | 658.04 8BALL | 681.11 8BALL | 262.70 8BALL |
5 CJPY | 3,188.79 8BALL | 3,290.21 8BALL | 3,405.56 8BALL | 1,313.50 8BALL |
10 CJPY | 6,377.58 8BALL | 6,580.42 8BALL | 6,811.13 8BALL | 2,627.00 8BALL |
50 CJPY | 31,887.90 8BALL | 32,902.11 8BALL | 34,055.63 8BALL | 13,135.00 8BALL |
100 CJPY | 63,775.80 8BALL | 65,804.21 8BALL | 68,111.26 8BALL | 26,269.99 8BALL |
500 CJPY | 318,879.00 8BALL | 329,021.06 8BALL | 340,556.28 8BALL | 131,349.95 8BALL |
1,000 CJPY | 637,757.99 8BALL | 658,042.11 8BALL | 681,112.56 8BALL | 262,699.91 8BALL |
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