Convert Convertible JPY Token CJPY to Papua New Guinean Kina PGK
CJPY to PGK: 1 Convertible JPY Token converts to PGK 0.02266 PGK as of August 22 at 9:03 AM
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About Convertible JPY Token
Convertible JPY Token is falling this week. The current price of Convertible JPY Token is PGK 0.02266 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 4,817,729.75. The amount of Convertible JPY Token traded has risen by PGK 32,103.37 in the last 24 hours, which is a 79.33% increase. Additionally, in the last day, PGK 40,469.27 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is PGK 0.02266 PGK. In other words, to buy 5 Convertible JPY Token, it would cost you PGK 0.11329 PGK. Inversely, PGK 1.00 PGK would allow you to trade for 44.13 CJPY while PGK 50.00 PGK would convert to 2,206.68 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 13.94%. Meanwhile, in the last 24 hours, the rate has changed by 0.93%, which means that the highest exchange rate of 1 CJPY to PGK was PGK 0.02352 PGK and the lowest 24 hour value was 1 CJPY for PGK 0.02248 PGK. Last month, 1 CJPY was worth PGK 0.02078 PGK. Today, it's up 10.23%. Looking back a year, Convertible JPY Token has changed by PGK 0.0271 PGK. That means that in a single year, the value of Convertible JPY Token has shrank by 21.08%.
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 9:03 am
0.5 CJPY = PGK 0.01133 PGK |
1 CJPY = PGK 0.02266 PGK |
5 CJPY = PGK 0.1133 PGK |
10 CJPY = PGK 0.2266 PGK |
50 CJPY = PGK 1.13 PGK |
100 CJPY = PGK 2.27 PGK |
500 CJPY = PGK 11.33 PGK |
1,000 CJPY = PGK 22.66 PGK |
PGK to CJPY values from Today at
PGK 0.50 PGK = 22.07 CJPY |
PGK 1.00 PGK = 44.13 CJPY |
PGK 5.00 PGK = 220.67 CJPY |
PGK 10.00 PGK = 441.34 CJPY |
PGK 50.00 PGK = 2,206.68 CJPY |
PGK 100.00 PGK = 4,413.36 CJPY |
PGK 500.00 PGK = 22,066.78 CJPY |
PGK 1,000.00 PGK = 44,133.57 CJPY |
CJPY to PGK over time
CJPY | Today | 24H -0.18% | 1M 8.29% | 1Y -19.60% |
|---|---|---|---|---|
0.5 CJPY | PGK 0.01133 PGK | PGK 0.01135 PGK | PGK 0.01039 PGK | PGK 0.01355 PGK |
1 CJPY | PGK 0.02266 PGK | PGK 0.0227 PGK | PGK 0.02078 PGK | PGK 0.0271 PGK |
5 CJPY | PGK 0.1133 PGK | PGK 0.1135 PGK | PGK 0.1039 PGK | PGK 0.1355 PGK |
10 CJPY | PGK 0.2266 PGK | PGK 0.227 PGK | PGK 0.2078 PGK | PGK 0.271 PGK |
50 CJPY | PGK 1.13 PGK | PGK 1.13 PGK | PGK 1.04 PGK | PGK 1.35 PGK |
100 CJPY | PGK 2.27 PGK | PGK 2.27 PGK | PGK 2.08 PGK | PGK 2.71 PGK |
500 CJPY | PGK 11.33 PGK | PGK 11.35 PGK | PGK 10.39 PGK | PGK 13.55 PGK |
1,000 CJPY | PGK 22.66 PGK | PGK 22.70 PGK | PGK 20.78 PGK | PGK 27.10 PGK |
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