Convert Convertible JPY Token CJPY to Dolomite DOLO
CJPY to DOLO: 1 Convertible JPY Token converts to 0.1701 DOLO
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About CJPY and DOLO
Convertible JPY Token is falling, while Dolomite is climbing this week. The current CJPY to DOLO conversion rate is 0.1701. Inversely, this means that if you convert 1 DOLO you will get 5.88 CJPY. The conversion rate of CJPY/DOLO has increased by 0.93% in the last hour (DOLO/CJPY decreased by 0.93%). In the last 24 hours, CJPY/DOLO shrunk by 2.94%, while DOLO/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.1701 DOLO. In other words, to buy 5 Convertible JPY Token, it would cost you 0.8503 DOLO. Inversely, 1 DOLO would allow you to trade for 5.88 CJPY while 50 DOLO would convert to 294.00 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 23.3%. Meanwhile, in the last 24 hours, the rate has changed by 4.03%, and that the highest exchange rate of 1 CJPY to DOLO was 0.1774 DOLO and the lowest 24 hour value was 1 CJPY for 0.1675 DOLO. Last month, 1 CJPY was worth 0.2165 DOLO. Today, it's down 27.3%. Looking back a year, Convertible JPY Token has changed by 0.04984 DOLO. That means that in a single year, the value of Convertible JPY Token has grown by 70.69%.
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.
Dolomite Market Stats
Dolomite is a next-generation decentralized finance (DeFi) platform that combines a decentralized money market protocol with a decentralized exchange (DEX) to offer extensive token support, capital efficiency, and various financial instruments like loans, leveraged trading, and spot trading. DOLO holders can propose and vote on protocol changes and upgrades, shaping Dolomite's development.
Conversion tables
CJPY to DOLO values from Today at 7:24 pm
0.5 CJPY = 0.08503 DOLO |
1 CJPY = 0.1701 DOLO |
5 CJPY = 0.8503 DOLO |
10 CJPY = 1.70 DOLO |
50 CJPY = 8.50 DOLO |
100 CJPY = 17.01 DOLO |
500 CJPY = 85.03 DOLO |
1,000 CJPY = 170.07 DOLO |
DOLO to CJPY values from Today at 7:22 pm
0.5 DOLO = 2.94 CJPY |
1 DOLO = 5.88 CJPY |
5 DOLO = 29.40 CJPY |
10 DOLO = 58.80 CJPY |
50 DOLO = 294.00 CJPY |
100 DOLO = 588.00 CJPY |
500 DOLO = 2,940.01 CJPY |
1,000 DOLO = 5,880.02 CJPY |
CJPY to DOLO over time
CJPY | Today | 24H -4.03% | 1M -27.30% | 1Y 70.69% |
|---|---|---|---|---|
0.5 CJPY | 0.08503 DOLO | 0.08846 DOLO | 0.1083 DOLO | 0.02492 DOLO |
1 CJPY | 0.1701 DOLO | 0.1769 DOLO | 0.2165 DOLO | 0.04984 DOLO |
5 CJPY | 0.8503 DOLO | 0.8846 DOLO | 1.08 DOLO | 0.2492 DOLO |
10 CJPY | 1.70 DOLO | 1.77 DOLO | 2.17 DOLO | 0.4984 DOLO |
50 CJPY | 8.50 DOLO | 8.85 DOLO | 10.83 DOLO | 2.49 DOLO |
100 CJPY | 17.01 DOLO | 17.69 DOLO | 21.65 DOLO | 4.98 DOLO |
500 CJPY | 85.03 DOLO | 88.46 DOLO | 108.25 DOLO | 24.92 DOLO |
1,000 CJPY | 170.07 DOLO | 176.92 DOLO | 216.50 DOLO | 49.84 DOLO |
Frequently asked questions
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