Convert ritestream RITE to Convertible JPY Token CJPY
RITE to CJPY: 1 ritestream converts to 0.08171 CJPY
About RITE and CJPY
ritestream is climbing, while Convertible JPY Token is falling this week. The current RITE to CJPY conversion rate is 0.08171. Inversely, this means that if you convert 1 CJPY you will get 12.24 RITE. The conversion rate of RITE/CJPY has decreased by 0% in the last hour (CJPY/RITE increased by 0%). In the last 24 hours, RITE/CJPY grew by 19.3%, while CJPY/RITE shrunk by the same amount.
The exchange rate of ritestream is increasing. The current value of 1 RITE is 0.08171 CJPY. In other words, to buy 5 ritestream, it would cost you 0.40853 CJPY. Inversely, 1 CJPY would allow you to trade for 12.24 RITE while 50 CJPY would convert to 611.96 RITE, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 26.75%. Meanwhile, in the last 24 hours, the rate has changed by 16.18%, which means that the highest exchange rate of 1 RITE to CJPY was 0.09536 CJPY and the lowest 24 hour value was 1 RITE for 0.06848 CJPY. Last month, 1 RITE was worth 0.09025 CJPY. Today, it's down 10.46%. Looking back a year, ritestream has changed by 0.2713 CJPY. That means that in a single year, the value of ritestream has shrank by 232.08%.
ritestream Market Stats
ritestream is an eco-system platform for the creation, monetisation and consumption of film and TV content in Web3. ritestream’s vision is to democratise the creator economy and generate revenues in the metaverse and via NFT’s for creators and the community.Ritestream has 4 key pillars: i) a launchpad for film/TV content whereby community can participate in the creation of film/TV project and earn revenues from these NFT’s ii) A consumer app for watching film/tv content iii) An NFT Marketplace for Film/TV NFT’s and iv) A B2B film/tv distribution platform.
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
RITE to CJPY values from Today at 4:37 pm
0.5 RITE = 0.04085 CJPY |
1 RITE = 0.08171 CJPY |
5 RITE = 0.4085 CJPY |
10 RITE = 0.8171 CJPY |
50 RITE = 4.09 CJPY |
100 RITE = 8.17 CJPY |
500 RITE = 40.85 CJPY |
1,000 RITE = 81.71 CJPY |
CJPY to RITE values from Today at 4:37 pm
0.5 CJPY = 6.12 RITE |
1 CJPY = 12.24 RITE |
5 CJPY = 61.20 RITE |
10 CJPY = 122.39 RITE |
50 CJPY = 611.96 RITE |
100 CJPY = 1,223.91 RITE |
500 CJPY = 6,119.56 RITE |
1,000 CJPY = 12,239.11 RITE |
RITE to CJPY over time
RITE | Today | 24H 16.18% | 1M -10.46% | 1Y -232.08% |
|---|---|---|---|---|
0.5 RITE | 0.04085 CJPY | 0.03424 CJPY | 0.04512 CJPY | 0.1357 CJPY |
1 RITE | 0.08171 CJPY | 0.06849 CJPY | 0.09025 CJPY | 0.2713 CJPY |
5 RITE | 0.4085 CJPY | 0.3424 CJPY | 0.4512 CJPY | 1.36 CJPY |
10 RITE | 0.8171 CJPY | 0.6849 CJPY | 0.9025 CJPY | 2.71 CJPY |
50 RITE | 4.09 CJPY | 3.42 CJPY | 4.51 CJPY | 13.57 CJPY |
100 RITE | 8.17 CJPY | 6.85 CJPY | 9.02 CJPY | 27.13 CJPY |
500 RITE | 40.85 CJPY | 34.24 CJPY | 45.12 CJPY | 135.66 CJPY |
1,000 RITE | 81.71 CJPY | 68.49 CJPY | 90.25 CJPY | 271.33 CJPY |
Frequently asked questions
Right now, 1 ritestream is worth about MX$0.006486.
Based on the current rate, you could get 154.19 RITE for 1 MXN.
ritestream price has been on the rise. Since yesterday, the exchange rate of ritestream has increased. Since last month, the exchange rate of ritestream has decreased. Since this time last year, the price of ritestream has decreased.
You can use our RITE to MXN calculator at the top of this page to convert any amount of RITE to MXN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MXN is equivalent to 770.93 RITE. Inversely, 5 RITE will cost about MX$0.03243
ritestream can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy ritestream.
There are a number of crypto assets that have the a similar or comparable market cap to ritestream, including Hive AI, Dero, and StreamCoin. For a more robust list of assets to explore, jump to the asset page dedicated to ritestream.
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