Convert Convertible JPY Token CJPY to Gemini Dollar GUSD
CJPY to GUSD: 1 Convertible JPY Token converts to 0.004838 GUSD
About CJPY and GUSD
Convertible JPY Token is falling, while Gemini Dollar is climbing this week. The current CJPY to GUSD conversion rate is 0.004838. Inversely, this means that if you convert 1 GUSD you will get 206.69 CJPY. The conversion rate of CJPY/GUSD has increased by 0.31% in the last hour (GUSD/CJPY decreased by 0.31%). In the last 24 hours, CJPY/GUSD shrunk by 0.53%, while GUSD/CJPY grew by 0.53%.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.004838 GUSD. In other words, to buy 5 Convertible JPY Token, it would cost you 0.024191 GUSD. Inversely, 1 GUSD would allow you to trade for 206.69 CJPY while 50 GUSD would convert to 10,334.40 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 4.88%. Meanwhile, in the last 24 hours, the rate has changed by 0.42%, and that the highest exchange rate of 1 CJPY to GUSD was 0.004874 GUSD and the lowest 24 hour value was 1 CJPY for 0.004772 GUSD. Last month, 1 CJPY was worth 0.005179 GUSD. Today, it's down 6.57%. Looking back a year, Convertible JPY Token has changed by 0.00542 GUSD. That means that in a single year, the value of Convertible JPY Token has shrank by 10.74%.
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.
Gemini Dollar Market Stats
GUSD is a stablecoin running on Ethereum that attempts to maintain a value of US $1.00. The supply of GUSD is collateralized by US dollars held at State Street Bank. Users can buy and redeem GUSD through the Gemini cryptocurrency exchange.
Conversion tables
CJPY to GUSD values from Today at 10:45 am
0.5 CJPY = 0.002419 GUSD |
1 CJPY = 0.004838 GUSD |
5 CJPY = 0.02419 GUSD |
10 CJPY = 0.04838 GUSD |
50 CJPY = 0.2419 GUSD |
100 CJPY = 0.4838 GUSD |
500 CJPY = 2.42 GUSD |
1,000 CJPY = 4.84 GUSD |
GUSD to CJPY values from Today at 10:45 am
0.5 GUSD = 103.34 CJPY |
1 GUSD = 206.69 CJPY |
5 GUSD = 1,033.44 CJPY |
10 GUSD = 2,066.88 CJPY |
50 GUSD = 10,334.40 CJPY |
100 GUSD = 20,668.80 CJPY |
500 GUSD = 103,344.01 CJPY |
1,000 GUSD = 206,688.01 CJPY |
CJPY to GUSD over time
CJPY | Today | 24H -0.42% | 1M -7.03% | 1Y -12.03% |
|---|---|---|---|---|
0.5 CJPY | 0.002419 GUSD | 0.002429 GUSD | 0.002589 GUSD | 0.00271 GUSD |
1 CJPY | 0.004838 GUSD | 0.004858 GUSD | 0.005179 GUSD | 0.00542 GUSD |
5 CJPY | 0.02419 GUSD | 0.02429 GUSD | 0.02589 GUSD | 0.0271 GUSD |
10 CJPY | 0.04838 GUSD | 0.04858 GUSD | 0.05179 GUSD | 0.0542 GUSD |
50 CJPY | 0.2419 GUSD | 0.2429 GUSD | 0.2589 GUSD | 0.271 GUSD |
100 CJPY | 0.4838 GUSD | 0.4858 GUSD | 0.5179 GUSD | 0.542 GUSD |
500 CJPY | 2.42 GUSD | 2.43 GUSD | 2.59 GUSD | 2.71 GUSD |
1,000 CJPY | 4.84 GUSD | 4.86 GUSD | 5.18 GUSD | 5.42 GUSD |
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