Convert Convertible JPY Token CJPY to Function X FX
CJPY to FX: 1 Convertible JPY Token converts to 0.06839 FX
About CJPY and FX
Convertible JPY Token is climbing, while Function X is falling this week. The current CJPY to FX conversion rate is 0.06839. Inversely, this means that if you convert 1 FX you will get 14.62 CJPY. The conversion rate of CJPY/FX has decreased by 0.11% in the last hour (FX/CJPY increased by 0.11%). In the last 24 hours, CJPY/FX grew by 0.31%, while FX/CJPY shrunk by 0.31%.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.06839 FX. In other words, to buy 5 Convertible JPY Token, it would cost you 0.34197 FX. Inversely, 1 FX would allow you to trade for 14.62 CJPY while 50 FX would convert to 731.06 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.84%. Meanwhile, in the last 24 hours, the rate has changed by 0.58%, and that the highest exchange rate of 1 CJPY to FX was 0.06864 FX and the lowest 24 hour value was 1 CJPY for 0.06718 FX. Last month, 1 CJPY was worth 0.0719 FX. Today, it's down 4.87%. Looking back a year, Convertible JPY Token has changed by 0.07849 FX. That means that in a single year, the value of Convertible JPY Token has shrank by 12.86%.
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.
Function X Market Stats
FX is an Ethereum token that powers Function X, which comprises a core blockchain, cross-chain protocol, and platform for decentralized applications. FX can be used to pay for services such as smart contract creation and data storage, to vote for network upgrades, and for staking on the network.
Conversion tables
CJPY to FX values from Today at 10:35 pm
0.5 CJPY = 0.0342 FX |
1 CJPY = 0.06839 FX |
5 CJPY = 0.342 FX |
10 CJPY = 0.6839 FX |
50 CJPY = 3.42 FX |
100 CJPY = 6.84 FX |
500 CJPY = 34.20 FX |
1,000 CJPY = 68.39 FX |
FX to CJPY values from Today at 10:36 pm
0.5 FX = 7.31 CJPY |
1 FX = 14.62 CJPY |
5 FX = 73.11 CJPY |
10 FX = 146.21 CJPY |
50 FX = 731.06 CJPY |
100 FX = 1,462.12 CJPY |
500 FX = 7,310.58 CJPY |
1,000 FX = 14,621.17 CJPY |
CJPY to FX over time
CJPY | Today | 24H 0.57% | 1M -5.12% | 1Y -14.76% |
|---|---|---|---|---|
0.5 CJPY | 0.0342 FX | 0.034 FX | 0.03595 FX | 0.03925 FX |
1 CJPY | 0.06839 FX | 0.068 FX | 0.0719 FX | 0.07849 FX |
5 CJPY | 0.342 FX | 0.34 FX | 0.3595 FX | 0.3925 FX |
10 CJPY | 0.6839 FX | 0.68 FX | 0.719 FX | 0.7849 FX |
50 CJPY | 3.42 FX | 3.40 FX | 3.59 FX | 3.92 FX |
100 CJPY | 6.84 FX | 6.80 FX | 7.19 FX | 7.85 FX |
500 CJPY | 34.20 FX | 34.00 FX | 35.95 FX | 39.25 FX |
1,000 CJPY | 68.39 FX | 68.00 FX | 71.90 FX | 78.49 FX |
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