Convert Convertible JPY Token CJPY to British Pound GBP
CJPY to GBP: 1 Convertible JPY Token converts to £0.003833 GBP as of October 16 at 2:16 PM
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About Convertible JPY Token
Convertible JPY Token is climbing this week. The current price of Convertible JPY Token is £0.003833 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of £815,120.97. The amount of Convertible JPY Token traded has fallen by -£167.69 in the last 24 hours, which is a 3.44% decrease. Additionally, in the last day, £4,872.37 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is £0.003833 GBP. In other words, to buy 5 Convertible JPY Token, it would cost you £0.019167 GBP. Inversely, £1.00 GBP would allow you to trade for 260.86 CJPY while £50.00 GBP would convert to 13,043.04 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.39%. Meanwhile, in the last 24 hours, the rate has changed by 0.42%, and that the highest exchange rate of 1 CJPY to GBP was £0.003904 GBP and the lowest 24 hour value was 1 CJPY for £0.003834 GBP. Last month, 1 CJPY was worth £0.003773 GBP. Today, it's up 1.15%. Looking back a year, Convertible JPY Token has changed by £0.004049 GBP. That means that in a single year, the value of Convertible JPY Token has shrank by 5.51%.
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 GBP values from Today at 2:16 pm
0.5 CJPY = £0.001917 GBP |
1 CJPY = £0.003833 GBP |
5 CJPY = £0.01917 GBP |
10 CJPY = £0.03833 GBP |
50 CJPY = £0.1917 GBP |
100 CJPY = £0.3833 GBP |
500 CJPY = £1.92 GBP |
1,000 CJPY = £3.83 GBP |
GBP to CJPY values from Today at 2:48 pm
£0.50 GBP = 130.43 CJPY |
£1.00 GBP = 260.86 CJPY |
£5.00 GBP = 1,304.30 CJPY |
£10.00 GBP = 2,608.61 CJPY |
£50.00 GBP = 13,043.04 CJPY |
£100.00 GBP = 26,086.08 CJPY |
£500.00 GBP = 130,430.38 CJPY |
£1,000.00 GBP = 260,860.77 CJPY |
CJPY to GBP over time
CJPY | Today | 24H 28.43% | 1M 29.99% | 1Y 24.86% |
|---|---|---|---|---|
0.5 CJPY | £0.001917 GBP | £0.001928 GBP | £0.001886 GBP | £0.002025 GBP |
1 CJPY | £0.003833 GBP | £0.003857 GBP | £0.003773 GBP | £0.004049 GBP |
5 CJPY | £0.01917 GBP | £0.01928 GBP | £0.01886 GBP | £0.02025 GBP |
10 CJPY | £0.03833 GBP | £0.03857 GBP | £0.03773 GBP | £0.04049 GBP |
50 CJPY | £0.1917 GBP | £0.1928 GBP | £0.1886 GBP | £0.2025 GBP |
100 CJPY | £0.3833 GBP | £0.3857 GBP | £0.3773 GBP | £0.4049 GBP |
500 CJPY | £1.92 GBP | £1.93 GBP | £1.89 GBP | £2.02 GBP |
1,000 CJPY | £3.83 GBP | £3.86 GBP | £3.77 GBP | £4.05 GBP |
Frequently asked questions
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