Convert Convertible JPY Token CJPY to USDF USDF
CJPY to USDF: 1 Convertible JPY Token converts to 0.005123 USDF
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About CJPY and USDF
Convertible JPY Token is climbing, while USDF is falling this week. The current CJPY to USDF conversion rate is 0.005123. Inversely, this means that if you convert 1 USDF you will get 195.19 CJPY. The conversion rate of CJPY/USDF has increased by 0.21% in the last hour (USDF/CJPY decreased by 0.21%). In the last 24 hours, CJPY/USDF grew by 1.59%, while USDF/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.005123 USDF. In other words, to buy 5 Convertible JPY Token, it would cost you 0.025616 USDF. Inversely, 1 USDF would allow you to trade for 195.19 CJPY while 50 USDF would convert to 9,759.61 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 12.32%. Meanwhile, in the last 24 hours, the rate has changed by 1.57%, which means that the highest exchange rate of 1 CJPY to USDF was 0.005168 USDF and the lowest 24 hour value was 1 CJPY for 0.005025 USDF. Last month, 1 CJPY was worth 0.004637 USDF. Today, it's up 9.5%. Looking back a year, Convertible JPY Token has changed by 0.006251 USDF. That means that in a single year, the value of Convertible JPY Token has shrank by 22.02%.
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.
USDF Market Stats
USDF is a stablecoin that powers the Flipcash Currency Creator, redeemable 1:1 for USDC, a digital dollar fully backed by US dollars and US dollar equivalents.
Conversion tables
CJPY to USDF values from Today at 6:12 pm
0.5 CJPY = 0.002562 USDF |
1 CJPY = 0.005123 USDF |
5 CJPY = 0.02562 USDF |
10 CJPY = 0.05123 USDF |
50 CJPY = 0.2562 USDF |
100 CJPY = 0.5123 USDF |
500 CJPY = 2.56 USDF |
1,000 CJPY = 5.12 USDF |
USDF to CJPY values from Today at 6:15 pm
0.5 USDF = 97.60 CJPY |
1 USDF = 195.19 CJPY |
5 USDF = 975.96 CJPY |
10 USDF = 1,951.92 CJPY |
50 USDF = 9,759.61 CJPY |
100 USDF = 19,519.21 CJPY |
500 USDF = 97,596.06 CJPY |
1,000 USDF = 195,192.13 CJPY |
CJPY to USDF over time
CJPY | Today | 24H 1.57% | 1M 9.50% | 1Y -22.02% |
|---|---|---|---|---|
0.5 CJPY | 0.002562 USDF | 0.002521 USDF | 0.002318 USDF | 0.003126 USDF |
1 CJPY | 0.005123 USDF | 0.005043 USDF | 0.004637 USDF | 0.006251 USDF |
5 CJPY | 0.02562 USDF | 0.02521 USDF | 0.02318 USDF | 0.03126 USDF |
10 CJPY | 0.05123 USDF | 0.05043 USDF | 0.04637 USDF | 0.06251 USDF |
50 CJPY | 0.2562 USDF | 0.2521 USDF | 0.2318 USDF | 0.3126 USDF |
100 CJPY | 0.5123 USDF | 0.5043 USDF | 0.4637 USDF | 0.6251 USDF |
500 CJPY | 2.56 USDF | 2.52 USDF | 2.32 USDF | 3.13 USDF |
1,000 CJPY | 5.12 USDF | 5.04 USDF | 4.64 USDF | 6.25 USDF |
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