Convert Convertible JPY Token CJPY to Immutable IMX
CJPY to IMX: 1 Convertible JPY Token converts to 0.04181 IMX
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About CJPY and IMX
Convertible JPY Token is climbing, while Immutable is falling this week. The current CJPY to IMX conversion rate is 0.04181. Inversely, this means that if you convert 1 IMX you will get 23.92 CJPY. The conversion rate of CJPY/IMX has decreased by 0.5% in the last hour (IMX/CJPY increased by 0.5%). In the last 24 hours, CJPY/IMX grew by 1.9%, while IMX/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.04181 IMX. In other words, to buy 5 Convertible JPY Token, it would cost you 0.20906 IMX. Inversely, 1 IMX would allow you to trade for 23.92 CJPY while 50 IMX would convert to 1,195.82 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.85%. Meanwhile, in the last 24 hours, the rate has changed by 1.91%, which means that the highest exchange rate of 1 CJPY to IMX was 0.04226 IMX and the lowest 24 hour value was 1 CJPY for 0.04101 IMX. Last month, 1 CJPY was worth 0.03449 IMX. Today, it's up 17.52%. Looking back a year, Convertible JPY Token has changed by 0.01068 IMX. That means that in a single year, the value of Convertible JPY Token has grown by 74.47%.
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.
Immutable Market Stats
IMX is an Ethereum token that powers Immutable X, a scaling solution for NFTs that aims to enable near-instant, low fee transactions. IMX can be used for staking on Immutable X, voting on the future of the protocol, and paying transaction fees.
Conversion tables
CJPY to IMX values from Today at 11:01 pm
0.5 CJPY = 0.02091 IMX |
1 CJPY = 0.04181 IMX |
5 CJPY = 0.2091 IMX |
10 CJPY = 0.4181 IMX |
50 CJPY = 2.09 IMX |
100 CJPY = 4.18 IMX |
500 CJPY = 20.91 IMX |
1,000 CJPY = 41.81 IMX |
IMX to CJPY values from Today at 11:03 pm
0.5 IMX = 11.96 CJPY |
1 IMX = 23.92 CJPY |
5 IMX = 119.58 CJPY |
10 IMX = 239.16 CJPY |
50 IMX = 1,195.82 CJPY |
100 IMX = 2,391.65 CJPY |
500 IMX = 11,958.24 CJPY |
1,000 IMX = 23,916.48 CJPY |
CJPY to IMX over time
CJPY | Today | 24H 1.91% | 1M 17.52% | 1Y 74.47% |
|---|---|---|---|---|
0.5 CJPY | 0.02091 IMX | 0.02051 IMX | 0.01724 IMX | 0.005338 IMX |
1 CJPY | 0.04181 IMX | 0.04101 IMX | 0.03449 IMX | 0.01068 IMX |
5 CJPY | 0.2091 IMX | 0.2051 IMX | 0.1724 IMX | 0.05338 IMX |
10 CJPY | 0.4181 IMX | 0.4101 IMX | 0.3449 IMX | 0.1068 IMX |
50 CJPY | 2.09 IMX | 2.05 IMX | 1.72 IMX | 0.5338 IMX |
100 CJPY | 4.18 IMX | 4.10 IMX | 3.45 IMX | 1.07 IMX |
500 CJPY | 20.91 IMX | 20.51 IMX | 17.24 IMX | 5.34 IMX |
1,000 CJPY | 41.81 IMX | 41.01 IMX | 34.49 IMX | 10.68 IMX |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about €0.003875.
Based on the current rate, you could get 258.05 CJPY for 1 EUR.
Convertible JPY Token price has been declining. Since yesterday, the exchange rate of Convertible JPY Token has decreased. Since last month, the exchange rate of Convertible JPY Token has decreased. Since this time last year, the price of Convertible JPY Token has decreased.
You can use our CJPY to EUR calculator at the top of this page to convert any amount of CJPY to EUR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 EUR is equivalent to 1,290.27 CJPY. Inversely, 5 CJPY will cost about €0.01938
Convertible JPY Token can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Convertible JPY Token.
There are a number of crypto assets that have the a similar or comparable market cap to Convertible JPY Token, including Short-term T-Bill Token, BaseX, and Fine. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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