Convert Convertible JPY Token CJPY to PayPal USD PYUSD
CJPY to PYUSD: 1 Convertible JPY Token converts to 0.004911 PYUSD
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About CJPY and PYUSD
Convertible JPY Token is falling, while PayPal USD is climbing this week. The current CJPY to PYUSD conversion rate is 0.004911. Inversely, this means that if you convert 1 PYUSD you will get 203.63 CJPY. The conversion rate of CJPY/PYUSD has increased by 0.22% in the last hour (PYUSD/CJPY decreased by 0.22%). In the last 24 hours, CJPY/PYUSD shrunk by 1.33%, while PYUSD/CJPY grew by 1.35%.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.004911 PYUSD. In other words, to buy 5 Convertible JPY Token, it would cost you 0.024554 PYUSD. Inversely, 1 PYUSD would allow you to trade for 203.63 CJPY while 50 PYUSD would convert to 10,181.66 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.76%. Meanwhile, in the last 24 hours, the rate has changed by 1.18%, and that the highest exchange rate of 1 CJPY to PYUSD was 0.004969 PYUSD and the lowest 24 hour value was 1 CJPY for 0.004823 PYUSD. Last month, 1 CJPY was worth 0.00516 PYUSD. Today, it's down 4.82%. Looking back a year, Convertible JPY Token has changed by 0.005636 PYUSD. 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.
PayPal USD Market Stats
PayPal USD (PYUSD) is a stablecoin pegged to the U.S. dollar. PYUSD is redeemable on a 1:1 basis for U.S. dollars and collateralized by U.S. dollars held in cash or cash equivalents.
Conversion tables
CJPY to PYUSD values from Today at 9:41 pm
0.5 CJPY = 0.002455 PYUSD |
1 CJPY = 0.004911 PYUSD |
5 CJPY = 0.02455 PYUSD |
10 CJPY = 0.04911 PYUSD |
50 CJPY = 0.2455 PYUSD |
100 CJPY = 0.4911 PYUSD |
500 CJPY = 2.46 PYUSD |
1,000 CJPY = 4.91 PYUSD |
PYUSD to CJPY values from Today at 9:43 pm
0.5 PYUSD = 101.82 CJPY |
1 PYUSD = 203.63 CJPY |
5 PYUSD = 1,018.17 CJPY |
10 PYUSD = 2,036.33 CJPY |
50 PYUSD = 10,181.66 CJPY |
100 PYUSD = 20,363.31 CJPY |
500 PYUSD = 101,816.57 CJPY |
1,000 PYUSD = 203,633.13 CJPY |
CJPY to PYUSD over time
CJPY | Today | 24H -1.19% | 1M -5.07% | 1Y -14.76% |
|---|---|---|---|---|
0.5 CJPY | 0.002455 PYUSD | 0.002485 PYUSD | 0.00258 PYUSD | 0.002818 PYUSD |
1 CJPY | 0.004911 PYUSD | 0.004969 PYUSD | 0.00516 PYUSD | 0.005636 PYUSD |
5 CJPY | 0.02455 PYUSD | 0.02485 PYUSD | 0.0258 PYUSD | 0.02818 PYUSD |
10 CJPY | 0.04911 PYUSD | 0.04969 PYUSD | 0.0516 PYUSD | 0.05636 PYUSD |
50 CJPY | 0.2455 PYUSD | 0.2485 PYUSD | 0.258 PYUSD | 0.2818 PYUSD |
100 CJPY | 0.4911 PYUSD | 0.4969 PYUSD | 0.516 PYUSD | 0.5636 PYUSD |
500 CJPY | 2.46 PYUSD | 2.48 PYUSD | 2.58 PYUSD | 2.82 PYUSD |
1,000 CJPY | 4.91 PYUSD | 4.97 PYUSD | 5.16 PYUSD | 5.64 PYUSD |
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