Convert Convertible JPY Token CJPY to Chainlink LINK
CJPY to LINK: 1 Convertible JPY Token converts to 0.0004719 LINK
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About CJPY and LINK
Convertible JPY Token is falling, while Chainlink is climbing this week. The current CJPY to LINK conversion rate is 0.0004719. Inversely, this means that if you convert 1 LINK you will get 2,119.31 CJPY. The conversion rate of CJPY/LINK has decreased by 0.24% in the last hour (LINK/CJPY increased by 0.24%). In the last 24 hours, CJPY/LINK shrunk by 0.98%, while LINK/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.0004719 LINK. In other words, to buy 5 Convertible JPY Token, it would cost you 0.0023593 LINK. Inversely, 1 LINK would allow you to trade for 2,119.31 CJPY while 50 LINK would convert to 105,965.71 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 10.4%. Meanwhile, in the last 24 hours, the rate has changed by 1.03%, and that the highest exchange rate of 1 CJPY to LINK was 0.0004814 LINK and the lowest 24 hour value was 1 CJPY for 0.0004684 LINK. Last month, 1 CJPY was worth 0.0005432 LINK. Today, it's down 15.13%. Looking back a year, Convertible JPY Token has changed by 0.0002353 LINK. That means that in a single year, the value of Convertible JPY Token has grown by 50.14%.
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.
Chainlink Market Stats
Chainlink is an oracle platform bringing the capital markets onchain and powering decentralized finance, featuring a novel fee model where offchain and onchain revenue from Chainlink adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Conversion tables
CJPY to LINK values from Today at 6:30 am
0.5 CJPY = 0.0002359 LINK |
1 CJPY = 0.0004719 LINK |
5 CJPY = 0.002359 LINK |
10 CJPY = 0.004719 LINK |
50 CJPY = 0.02359 LINK |
100 CJPY = 0.04719 LINK |
500 CJPY = 0.2359 LINK |
1,000 CJPY = 0.4719 LINK |
LINK to CJPY values from Today at 6:31 am
0.5 LINK = 1,059.66 CJPY |
1 LINK = 2,119.31 CJPY |
5 LINK = 10,596.57 CJPY |
10 LINK = 21,193.14 CJPY |
50 LINK = 105,965.71 CJPY |
100 LINK = 211,931.41 CJPY |
500 LINK = 1,059,657.06 CJPY |
1,000 LINK = 2,119,314.12 CJPY |
CJPY to LINK over time
CJPY | Today | 24H -1.03% | 1M -15.13% | 1Y 50.14% |
|---|---|---|---|---|
0.5 CJPY | 0.0002359 LINK | 0.0002384 LINK | 0.0002716 LINK | 0.0001176 LINK |
1 CJPY | 0.0004719 LINK | 0.0004767 LINK | 0.0005432 LINK | 0.0002353 LINK |
5 CJPY | 0.002359 LINK | 0.002384 LINK | 0.002716 LINK | 0.001176 LINK |
10 CJPY | 0.004719 LINK | 0.004767 LINK | 0.005432 LINK | 0.002353 LINK |
50 CJPY | 0.02359 LINK | 0.02384 LINK | 0.02716 LINK | 0.01176 LINK |
100 CJPY | 0.04719 LINK | 0.04767 LINK | 0.05432 LINK | 0.02353 LINK |
500 CJPY | 0.2359 LINK | 0.2384 LINK | 0.2716 LINK | 0.1176 LINK |
1,000 CJPY | 0.4719 LINK | 0.4767 LINK | 0.5432 LINK | 0.2353 LINK |
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