Convert Convertible JPY Token CJPY to Papua New Guinean Kina PGK
CJPY to PGK: 1 Convertible JPY Token converts to PGK 0.023 PGK as of September 22 at 7:41 AM
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About Convertible JPY Token
Convertible JPY Token is climbing this week. The current price of Convertible JPY Token is PGK 0.023 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of PGK 4,890,274.55. The amount of Convertible JPY Token traded has risen by PGK 20,372.13 in the last 24 hours, which is a 46.36% increase. Additionally, in the last day, PGK 43,938.66 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is PGK 0.023 PGK. In other words, to buy 5 Convertible JPY Token, it would cost you PGK 0.115 PGK. Inversely, PGK 1.00 PGK would allow you to trade for 43.48 CJPY while PGK 50.00 PGK would convert to 2,173.94 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.38%. Meanwhile, in the last 24 hours, the rate has changed by 0.14%, which means that the highest exchange rate of 1 CJPY to PGK was PGK 0.02325 PGK and the lowest 24 hour value was 1 CJPY for PGK 0.02297 PGK. Last month, 1 CJPY was worth PGK 0.02262 PGK. Today, it's up 0.96%. Looking back a year, Convertible JPY Token has changed by PGK 0.02326 PGK. That means that in a single year, the value of Convertible JPY Token has shrank by 6.86%.
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 PGK values from Today at 7:41 am
0.5 CJPY = PGK 0.0115 PGK |
1 CJPY = PGK 0.023 PGK |
5 CJPY = PGK 0.115 PGK |
10 CJPY = PGK 0.23 PGK |
50 CJPY = PGK 1.15 PGK |
100 CJPY = PGK 2.30 PGK |
500 CJPY = PGK 11.50 PGK |
1,000 CJPY = PGK 23.00 PGK |
PGK to CJPY values from Today at
PGK 0.50 PGK = 21.74 CJPY |
PGK 1.00 PGK = 43.48 CJPY |
PGK 5.00 PGK = 217.39 CJPY |
PGK 10.00 PGK = 434.79 CJPY |
PGK 50.00 PGK = 2,173.94 CJPY |
PGK 100.00 PGK = 4,347.89 CJPY |
PGK 500.00 PGK = 21,739.44 CJPY |
PGK 1,000.00 PGK = 43,478.87 CJPY |
CJPY to PGK over time
CJPY | Today | 24H 0.12% | 1M 1.64% | 1Y -1.13% |
|---|---|---|---|---|
0.5 CJPY | PGK 0.0115 PGK | PGK 0.01149 PGK | PGK 0.01131 PGK | PGK 0.01163 PGK |
1 CJPY | PGK 0.023 PGK | PGK 0.02297 PGK | PGK 0.02262 PGK | PGK 0.02326 PGK |
5 CJPY | PGK 0.115 PGK | PGK 0.1149 PGK | PGK 0.1131 PGK | PGK 0.1163 PGK |
10 CJPY | PGK 0.23 PGK | PGK 0.2297 PGK | PGK 0.2262 PGK | PGK 0.2326 PGK |
50 CJPY | PGK 1.15 PGK | PGK 1.15 PGK | PGK 1.13 PGK | PGK 1.16 PGK |
100 CJPY | PGK 2.30 PGK | PGK 2.30 PGK | PGK 2.26 PGK | PGK 2.33 PGK |
500 CJPY | PGK 11.50 PGK | PGK 11.49 PGK | PGK 11.31 PGK | PGK 11.63 PGK |
1,000 CJPY | PGK 23.00 PGK | PGK 22.97 PGK | PGK 22.62 PGK | PGK 23.26 PGK |
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