Convert Ritual RITUAL to Convertible JPY Token CJPY
RITUAL to CJPY: 1 Ritual converts to 4.39 CJPY
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About RITUAL and CJPY
Ritual is falling, while Convertible JPY Token is climbing this week. The current RITUAL to CJPY conversion rate is 4.39. Inversely, this means that if you convert 1 CJPY you will get 0.2276 RITUAL. The conversion rate of RITUAL/CJPY has increased by 0.03% in the last hour (CJPY/RITUAL decreased by 0.03%). In the last 24 hours, RITUAL/CJPY shrunk by 0.51%, while CJPY/RITUAL grew by 0.51%.
The exchange rate of Ritual is decreasing. The current value of 1 RITUAL is 4.39 CJPY. In other words, to buy 5 Ritual, it would cost you 21.97 CJPY. Inversely, 1 CJPY would allow you to trade for 0.2276 RITUAL while 50 CJPY would convert to 11.38 RITUAL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 62.55%. Meanwhile, in the last 24 hours, the rate has changed by 2.36%, and that the highest exchange rate of 1 RITUAL to CJPY was 5.00 CJPY and the lowest 24 hour value was 1 RITUAL for 3.92 CJPY. Last month, 1 RITUAL was worth 17.22 CJPY. Today, it's down 74.48%. Looking back a year, Ritual has changed by 17.54 CJPY. That means that in a single year, the value of Ritual has shrank by 74.95%.
Ritual Market Stats
Ritual is a crypto-native infrastructure project building a blockchain and execution environment for autonomous AI agents.
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
RITUAL to CJPY values from Today at 5:57 am
0.5 RITUAL = 2.20 CJPY |
1 RITUAL = 4.39 CJPY |
5 RITUAL = 21.97 CJPY |
10 RITUAL = 43.94 CJPY |
50 RITUAL = 219.70 CJPY |
100 RITUAL = 439.41 CJPY |
500 RITUAL = 2,197.04 CJPY |
1,000 RITUAL = 4,394.08 CJPY |
CJPY to RITUAL values from Today at 5:56 am
0.5 CJPY = 0.1138 RITUAL |
1 CJPY = 0.2276 RITUAL |
5 CJPY = 1.14 RITUAL |
10 CJPY = 2.28 RITUAL |
50 CJPY = 11.38 RITUAL |
100 CJPY = 22.76 RITUAL |
500 CJPY = 113.79 RITUAL |
1,000 CJPY = 227.58 RITUAL |
RITUAL to CJPY over time
RITUAL | Today | 24H -2.42% | 1M -291.79% | 1Y -299.20% |
|---|---|---|---|---|
0.5 RITUAL | 2.20 CJPY | 2.25 CJPY | 8.61 CJPY | 8.77 CJPY |
1 RITUAL | 4.39 CJPY | 4.50 CJPY | 17.22 CJPY | 17.54 CJPY |
5 RITUAL | 21.97 CJPY | 22.50 CJPY | 86.08 CJPY | 87.71 CJPY |
10 RITUAL | 43.94 CJPY | 45.00 CJPY | 172.15 CJPY | 175.41 CJPY |
50 RITUAL | 219.70 CJPY | 225.02 CJPY | 860.77 CJPY | 877.06 CJPY |
100 RITUAL | 439.41 CJPY | 450.05 CJPY | 1,721.54 CJPY | 1,754.12 CJPY |
500 RITUAL | 2,197.04 CJPY | 2,250.24 CJPY | 8,607.72 CJPY | 8,770.59 CJPY |
1,000 RITUAL | 4,394.08 CJPY | 4,500.49 CJPY | 17,215.43 CJPY | 17,541.19 CJPY |
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