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 $ 0.00559663, with a 1.08% change over the past 24 hours. The current CJPY to USD conversion rate is $ 0.00559663 per CJPY.
Convertible JPY Token currently ranks #- by market capitalization at $ 1,189,646, with a circulating supply of 212.62M CJPY. During the last 24 hours, CJPY traded between $ 0.00557917 (low) and $ 0.00570062 (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 -0.26% in the last hour and +2.64% 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 $ 1.19M, 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 $ 1.19M.
Convertible JPY Token Price History USD
-0.26%
-1.07%
+2.64%
+2.64%
Convertible JPY Token (CJPY) Price History USD
During today, the price change of Convertible JPY Token to USD was $ 0.
In the past 30 days, the price change of Convertible JPY Token to USD was $ +0.0002372204.
In the past 60 days, the price change of Convertible JPY Token to USD was $ +0.0001135427.
In the past 90 days, the price change of Convertible JPY Token to USD was $ +0.000011559954389415.
| Period | Change (USD) | Change (%) |
|---|---|---|
| Today | $ 0 | -1.07% |
| 30 Days | $ +0.0002372204 | +4.24% |
| 60 Days | $ +0.0001135427 | +2.03% |
| 90 Days | $ +0.000011559954389415 | +0.21% |
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 is priced at $0.00559663, shifting -1.07% today.
How fast is the CJPY community growing?
There are currently -- holders, and increases in this number often indicate rising adoption, expanding communities, and broader network engagement.
How does demand affect Convertible JPY Token's price?
Demand is influenced by use cases, market conditions, investor sentiment, and its role in the Stablecoins,Decentralized Finance (DeFi),Ethereum Ecosystem,JPY Stablecoin,Fiat-backed Stablecoin sector. Higher demand can accelerate price movement during periods of high trading volume.
What is CJPY's trading volume today?
It generated $-- in trading volume, showing active participation and healthy market liquidity.
How does CJPY compare to its historical performance?
Its ATH is $0.00736362 and ATL is $0.00134328, offering context on past performance cycles.
How many tokens are circulating?
There are 212623613.256298 tokens in circulation, influencing availability, market cap, and long-term valuation.
People Also Ask: Other Questions About Convertible JPY Token
Convertible JPY Token (CJPY) Important Industry Updates
| Time (UTC+8) | Type | Information |
|---|---|---|
| 12-30 13:36:31 | Industry Updates | Bitcoin spot ETF saw net outflow of $19.3 million yesterday, Ethereum spot ETF saw net outflow of $9.6 million yesterday |
| 12-30 07:29:57 | Industry Updates | $299 Million in Liquidations Across the Network in the Past 24 Hours, Both Longs and Shorts Wiped Out |
| 12-29 23:19:48 | Industry Updates | RWA Sector TVL Surpasses DEX, Ranks as Fifth Largest DeFi Track |
| 12-29 10:20:45 | Industry Updates | Crypto Market Trades Sideways, Bitcoin Maintains $88,000 Range, GMT Leads Altcoin Market Gains |
| 12-29 06:52:03 | Industry Updates | Institutions Exit During Christmas Holiday, Spot Bitcoin ETFs See Net Outflow of $782 Million |
| 12-29 05:49:53 | Industry Updates | Bitcoin Deposit Sentiment Continues, Past 24 Hours CEX Net Inflow 2,593.63 BTC |
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