Convert Convertible JPY Token CJPY to ritestream RITE
CJPY to RITE: 1 Convertible JPY Token converts to 11.98 RITE
About CJPY and RITE
Convertible JPY Token is falling, while ritestream is climbing this week. The current CJPY to RITE conversion rate is 11.98. Inversely, this means that if you convert 1 RITE you will get 0.08347 CJPY. The conversion rate of CJPY/RITE has increased by 0% in the last hour (RITE/CJPY decreased by 0%). In the last 24 hours, CJPY/RITE shrunk by 21.87%, while RITE/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 11.98 RITE. In other words, to buy 5 Convertible JPY Token, it would cost you 59.90 RITE. Inversely, 1 RITE would allow you to trade for 0.08347 CJPY while 50 RITE would convert to 4.17 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 43.71%. Meanwhile, in the last 24 hours, the rate has changed by 21.87%, and that the highest exchange rate of 1 CJPY to RITE was 14.63 RITE and the lowest 24 hour value was 1 CJPY for 10.49 RITE. Last month, 1 CJPY was worth 11.25 RITE. Today, it's up 6.1%. Looking back a year, Convertible JPY Token has changed by 3.69 RITE. That means that in a single year, the value of Convertible JPY Token has grown by 69.24%.
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.
ritestream Market Stats
ritestream is an eco-system platform for the creation, monetisation and consumption of film and TV content in Web3. ritestream’s vision is to democratise the creator economy and generate revenues in the metaverse and via NFT’s for creators and the community.Ritestream has 4 key pillars: i) a launchpad for film/TV content whereby community can participate in the creation of film/TV project and earn revenues from these NFT’s ii) A consumer app for watching film/tv content iii) An NFT Marketplace for Film/TV NFT’s and iv) A B2B film/tv distribution platform.
Conversion tables
CJPY to RITE values from Today at 8:54 pm
0.5 CJPY = 5.99 RITE |
1 CJPY = 11.98 RITE |
5 CJPY = 59.90 RITE |
10 CJPY = 119.81 RITE |
50 CJPY = 599.04 RITE |
100 CJPY = 1,198.08 RITE |
500 CJPY = 5,990.40 RITE |
1,000 CJPY = 11,980.80 RITE |
RITE to CJPY values from Today at 8:55 pm
0.5 RITE = 0.04173 CJPY |
1 RITE = 0.08347 CJPY |
5 RITE = 0.4173 CJPY |
10 RITE = 0.8347 CJPY |
50 RITE = 4.17 CJPY |
100 RITE = 8.35 CJPY |
500 RITE = 41.73 CJPY |
1,000 RITE = 83.47 CJPY |
CJPY to RITE over time
CJPY | Today | 24H -21.87% | 1M 6.10% | 1Y 69.24% |
|---|---|---|---|---|
0.5 CJPY | 5.99 RITE | 7.30 RITE | 5.63 RITE | 1.84 RITE |
1 CJPY | 11.98 RITE | 14.60 RITE | 11.25 RITE | 3.69 RITE |
5 CJPY | 59.90 RITE | 73.00 RITE | 56.25 RITE | 18.43 RITE |
10 CJPY | 119.81 RITE | 146.01 RITE | 112.50 RITE | 36.86 RITE |
50 CJPY | 599.04 RITE | 730.04 RITE | 562.51 RITE | 184.28 RITE |
100 CJPY | 1,198.08 RITE | 1,460.08 RITE | 1,125.03 RITE | 368.56 RITE |
500 CJPY | 5,990.40 RITE | 7,300.41 RITE | 5,625.14 RITE | 1,842.80 RITE |
1,000 CJPY | 11,980.80 RITE | 14,600.81 RITE | 11,250.27 RITE | 3,685.61 RITE |
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