Convertible JPY Token Price (CJPY)
Convertible JPY Token Price (CJPY)
1 CJPY to USD Live Price:
Convertible JPY Token Price Today
The live Convertible JPY Token (CJPY) price today is $ 0.00544497, with a 1.89% change over the past 24 hours. The current CJPY to USD conversion rate is $ 0.00544497 per CJPY.
Convertible JPY Token currently ranks #- by market capitalization at $ 1,158,805, with a circulating supply of 212.62M CJPY. During the last 24 hours, CJPY traded between $ 0.0052814 (low) and $ 0.00556758 (high), reflecting market activity. Its all-time high stands at $ 0.00736362, while the all-time low was $ 0.00134328.
In short-term performance, CJPY moved +0.11% in the last hour and -5.57% over the past 7 days. Over the past day, total trading volume reached --.
Convertible JPY Token (CJPY) Market Information
The current Market Cap of Convertible JPY Token is $ 1.16M, with a 24-hour trading volume of --. The circulating supply of CJPY is 212.62M, with a total supply of 212623613.256298. Its Fully Diluted Valuation (FDV) is $ 1.16M.
Convertible JPY Token Price History USD
+0.11%
+1.89%
-5.57%
-5.57%
Convertible JPY Token (CJPY) Price History USD
During today, the price change of Convertible JPY Token to USD was $ +0.00010126.
In the past 30 days, the price change of Convertible JPY Token to USD was $ +0.0005783314.
In the past 60 days, the price change of Convertible JPY Token to USD was $ -0.0001099176.
In the past 90 days, the price change of Convertible JPY Token to USD was $ -0.000351867886308151.
| Period | Change (USD) | Change (%) |
|---|---|---|
| Today | $ +0.00010126 | +1.89% |
| 30 Days | $ +0.0005783314 | +10.62% |
| 60 Days | $ -0.0001099176 | -2.01% |
| 90 Days | $ -0.000351867886308151 | -6.06% |
Price Prediction for Convertible JPY Token
In 2040, the price of Convertible JPY Token could potentially see a growth of 0.00%. It could reach a trading price of $ --.
For real-time scenario projections and a more personalized analysis, users can utilize MEXC's Price Prediction Tool and AI Market Insights.
Want to know what price Convertible JPY Token will reach in 2025–2026? Visit our Price Prediction page for CJPY price predictions for the years 2025–2026 by clicking Convertible JPY Token Price Prediction.
What is Convertible JPY Token (CJPY)
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:
- High Collateral Factor: The protocol permits a minimum health rate of 130%, ensuring efficient use of collateral.
- Absence of Accrued Interest: Users are subject solely to a one-time issuance fee upon generating CJPY.
- 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.
- Redemption by protocol: Accrued CJPY fees on protocol can be used to redeem debt position under threshold.
- 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.
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Convertible JPY Token (CJPY) Resource
About Convertible JPY Token
What is Convertible JPY Token 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 Convertible JPY Token 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.
What's the history of Convertible JPY Token?
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 Convertible JPY Token?
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 Convertible JPY 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.
What is the current price of Convertible JPY Token?
Convertible JPY Token (CJPY) is trading at ₱0.3194876743867202823000, reflecting a price movement of 1.89% over the last 24 hours. This live data aggregates pricing from global exchanges to give traders an accurate market valuation at any moment.
What role does Convertible JPY Token play in its ecosystem?
As a core asset within the -- network and a part of the Stablecoins,Decentralized Finance (DeFi),Ethereum Ecosystem,JPY Stablecoin,Fiat-backed Stablecoin sector, CJPY often powers essential functions such as payments, staking, governance voting, and liquidity incentives. Its design can influence how applications or smart contracts operate across its ecosystem.
How actively is CJPY being traded today?
Over the last 24 hours, CJPY recorded ₱-- in trading volume. High volume typically signals strong investor interest, healthier liquidity, and better execution for both small and large traders.
What is the circulating supply of Convertible JPY Token?
There are 212623613.256298 tokens in circulation today, which determines the amount accessible for trading. Circulating supply helps investors estimate scarcity, inflation dynamics, and potential long-term token distribution.
What is the market cap and rank of CJPY?
Convertible JPY Token currently holds market rank #3549 with a market capitalization of ₱67993747.35172156995000, placing it among recognized assets within its sector and helping investors measure its relative scale.
How has Convertible JPY Token performed in the last 24 hours?
Its price has shown a price movement of 1.89% over the last 24 hours. Short-term movement can be influenced by trading sentiment, liquidity shifts, or developments related to the -- network.
How does Convertible JPY Token compare to similar assets in the same category?
Within the Stablecoins,Decentralized Finance (DeFi),Ethereum Ecosystem,JPY Stablecoin,Fiat-backed Stablecoin segment, CJPY demonstrates competitive activity supported by strong trading levels, high liquidity, and its ongoing use cases within its ecosystem.
People Also Ask: Other Questions About Convertible JPY Token
Convertible JPY Token (CJPY) Important Industry Updates
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| 12-18 23:15:00 | Industry Updates | Bank of England Cuts Interest Rates by 25 Basis Points as Expected |
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| 12-18 00:22:58 | Industry Updates | Trump's Crypto Support Triggers Chain Reaction, Aggressive Crypto Companies Flood Stock Market as Risk Appetite Rises |
| 12-17 00:11:27 | Industry Updates | Singapore Trade Finance Platform Olea Global Completes $30 Million Series A Funding Round, Led by BBVA |
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