Convert Convertible JPY Token CJPY to Gemini Dollar GUSD
CJPY to GUSD: 1 Convertible JPY Token converts to 0.004498 GUSD
About CJPY and GUSD
Convertible JPY Token is climbing, while Gemini Dollar is falling this week. The current CJPY to GUSD conversion rate is 0.004498. Inversely, this means that if you convert 1 GUSD you will get 222.34 CJPY. The conversion rate of CJPY/GUSD has increased by 0% in the last hour (GUSD/CJPY decreased by 0%). In the last 24 hours, CJPY/GUSD grew by 0.04%, while GUSD/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.004498 GUSD. In other words, to buy 5 Convertible JPY Token, it would cost you 0.022488 GUSD. Inversely, 1 GUSD would allow you to trade for 222.34 CJPY while 50 GUSD would convert to 11,116.84 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 2.51%. Meanwhile, in the last 24 hours, the rate has changed by 0.05%, and that the highest exchange rate of 1 CJPY to GUSD was 0.004501 GUSD and the lowest 24 hour value was 1 CJPY for 0.004494 GUSD. Last month, 1 CJPY was worth 0.004662 GUSD. Today, it's down 3.64%. Looking back a year, Convertible JPY Token has changed by 0.006226 GUSD. That means that in a single year, the value of Convertible JPY Token has shrank by 38.43%.
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.
Gemini Dollar Market Stats
GUSD is a stablecoin running on Ethereum that attempts to maintain a value of US $1.00. The supply of GUSD is collateralized by US dollars held at State Street Bank. Users can buy and redeem GUSD through the Gemini cryptocurrency exchange.
Conversion tables
CJPY to GUSD values from Today at 10:21 pm
0.5 CJPY = 0.002249 GUSD |
1 CJPY = 0.004498 GUSD |
5 CJPY = 0.02249 GUSD |
10 CJPY = 0.04498 GUSD |
50 CJPY = 0.2249 GUSD |
100 CJPY = 0.4498 GUSD |
500 CJPY = 2.25 GUSD |
1,000 CJPY = 4.50 GUSD |
GUSD to CJPY values from Today at 10:21 pm
0.5 GUSD = 111.17 CJPY |
1 GUSD = 222.34 CJPY |
5 GUSD = 1,111.68 CJPY |
10 GUSD = 2,223.37 CJPY |
50 GUSD = 11,116.84 CJPY |
100 GUSD = 22,233.67 CJPY |
500 GUSD = 111,168.35 CJPY |
1,000 GUSD = 222,336.71 CJPY |
CJPY to GUSD over time
CJPY | Today | 24H 0.05% | 1M -3.64% | 1Y -38.43% |
|---|---|---|---|---|
0.5 CJPY | 0.002249 GUSD | 0.002248 GUSD | 0.002331 GUSD | 0.003113 GUSD |
1 CJPY | 0.004498 GUSD | 0.004495 GUSD | 0.004662 GUSD | 0.006226 GUSD |
5 CJPY | 0.02249 GUSD | 0.02248 GUSD | 0.02331 GUSD | 0.03113 GUSD |
10 CJPY | 0.04498 GUSD | 0.04495 GUSD | 0.04662 GUSD | 0.06226 GUSD |
50 CJPY | 0.2249 GUSD | 0.2248 GUSD | 0.2331 GUSD | 0.3113 GUSD |
100 CJPY | 0.4498 GUSD | 0.4495 GUSD | 0.4662 GUSD | 0.6226 GUSD |
500 CJPY | 2.25 GUSD | 2.25 GUSD | 2.33 GUSD | 3.11 GUSD |
1,000 CJPY | 4.50 GUSD | 4.50 GUSD | 4.66 GUSD | 6.23 GUSD |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about €0.003886.
Based on the current rate, you could get 257.36 CJPY for 1 EUR.
Convertible JPY Token price has been on the rise. Since yesterday, the exchange rate of Convertible JPY Token has increased. 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 1,286.78 CJPY. Inversely, 5 CJPY will cost about €0.01943
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.
Related conversions
Popular cryptocurrency conversions
Discover other cryptocurrencies to currency conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.