Convert Convertible JPY Token CJPY to Maldivian Rufiyaa MVR
CJPY to MVR: 1 Convertible JPY Token converts to MVR 0.07973 MVR as of August 24 at 10:29 AM
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About Convertible JPY Token
Convertible JPY Token is climbing this week. The current price of Convertible JPY Token is MVR 0.07973 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of MVR 16,951,961.57. The amount of Convertible JPY Token traded has fallen by -MVR 2,232.34 in the last 24 hours, which is a 5.38% decrease. Additionally, in the last day, MVR 41,529.03 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is MVR 0.07973 MVR. In other words, to buy 5 Convertible JPY Token, it would cost you MVR 0.39864 MVR. Inversely, MVR 1.00 MVR would allow you to trade for 12.54 CJPY while MVR 50.00 MVR would convert to 627.14 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 14.48%. Meanwhile, in the last 24 hours, the rate has changed by 1.1%, which means that the highest exchange rate of 1 CJPY to MVR was MVR 0.08011 MVR and the lowest 24 hour value was 1 CJPY for MVR 0.07896 MVR. Last month, 1 CJPY was worth MVR 0.07039 MVR. Today, it's up 13.17%. Looking back a year, Convertible JPY Token has changed by MVR 0.09856 MVR. That means that in a single year, the value of Convertible JPY Token has shrank by 19.27%.
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
CJPY to MVR values from Today at 10:29 am
0.5 CJPY = MVR 0.03986 MVR |
1 CJPY = MVR 0.07973 MVR |
5 CJPY = MVR 0.3986 MVR |
10 CJPY = MVR 0.7973 MVR |
50 CJPY = MVR 3.99 MVR |
100 CJPY = MVR 7.97 MVR |
500 CJPY = MVR 39.86 MVR |
1,000 CJPY = MVR 79.73 MVR |
MVR to CJPY values from Today at
MVR 0.50 MVR = 6.27 CJPY |
MVR 1.00 MVR = 12.54 CJPY |
MVR 5.00 MVR = 62.71 CJPY |
MVR 10.00 MVR = 125.43 CJPY |
MVR 50.00 MVR = 627.14 CJPY |
MVR 100.00 MVR = 1,254.27 CJPY |
MVR 500.00 MVR = 6,271.36 CJPY |
MVR 1,000.00 MVR = 12,542.71 CJPY |
CJPY to MVR over time
CJPY | Today | 24H 0.93% | 1M 11.71% | 1Y -23.63% |
|---|---|---|---|---|
0.5 CJPY | MVR 0.03986 MVR | MVR 0.03949 MVR | MVR 0.0352 MVR | MVR 0.04928 MVR |
1 CJPY | MVR 0.07973 MVR | MVR 0.07899 MVR | MVR 0.07039 MVR | MVR 0.09856 MVR |
5 CJPY | MVR 0.3986 MVR | MVR 0.3949 MVR | MVR 0.352 MVR | MVR 0.4928 MVR |
10 CJPY | MVR 0.7973 MVR | MVR 0.7899 MVR | MVR 0.7039 MVR | MVR 0.9856 MVR |
50 CJPY | MVR 3.99 MVR | MVR 3.95 MVR | MVR 3.52 MVR | MVR 4.93 MVR |
100 CJPY | MVR 7.97 MVR | MVR 7.90 MVR | MVR 7.04 MVR | MVR 9.86 MVR |
500 CJPY | MVR 39.86 MVR | MVR 39.49 MVR | MVR 35.20 MVR | MVR 49.28 MVR |
1,000 CJPY | MVR 79.73 MVR | MVR 78.99 MVR | MVR 70.39 MVR | MVR 98.56 MVR |
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