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 $ 0.00483343, with a 5.73% change over the past 24 hours. The current CJPY to USD conversion rate is $ 0.00483343 per CJPY.
Convertible JPY Token currently ranks #- by market capitalization at $ 1,026,667, with a circulating supply of 212.62M CJPY. During the last 24 hours, CJPY traded between $ 0.00478555 (low) and $ 0.00522753 (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 +0.43% in the last hour and -14.83% 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 $ 1.03M, 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 $ 1.03M.
Convertible JPY Token Price History USD
+0.43%
-5.73%
-14.83%
-14.83%
Convertible JPY Token (CJPY) Price History USD
During today, the price change of Convertible JPY Token to USD was $ -0.000293815225076791.
In the past 30 days, the price change of Convertible JPY Token to USD was $ -0.0004921456.
In the past 60 days, the price change of Convertible JPY Token to USD was $ -0.0008499238.
In the past 90 days, the price change of Convertible JPY Token to USD was $ -0.0013980229245458454.
| Period | Change (USD) | Change (%) |
|---|---|---|
| Today | $ -0.000293815225076791 | -5.73% |
| 30 Days | $ -0.0004921456 | -10.18% |
| 60 Days | $ -0.0008499238 | -17.58% |
| 90 Days | $ -0.0013980229245458454 | -22.43% |
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.
MEXC is the leading cryptocurrency exchange trusted by over 10 million users worldwide. It is renowned as the exchange with the widest token selection, the fastest token listings, and the lowest trading fees in the market. Join MEXC now to experience top-tier liquidity and the most competitive fees in the market!
Convertible JPY Token (CJPY) Resource
People Also Ask: Other Questions About Convertible JPY Token
Convertible JPY Token (CJPY) Important Industry Updates
| Time (UTC+8) | Type | Information |
|---|---|---|
| 11-17 03:26:00 | Industry Updates | U.S. Ethereum Spot ETFs See Net Outflows of $728.3 Million This Week |
| 11-16 23:43:30 | Industry Updates | Bitcoin's November return this year is temporarily reported at -12.39%, compared to the historical average return of 42.49% |
| 11-16 18:32:59 | Industry Updates | SOL spot ETF records net inflows for 14 consecutive trading days, with total inflows reaching $382 million |
| 11-16 05:28:58 | Industry Updates | The total market value of stablecoins decreased by 0.41% over the past 7 days, falling to $304.2 billion |
| 11-15 14:42:25 | Industry Updates | Privacy sector tokens show widespread gains, DASH up 41.6%, ZEC rebounds to $743 |
| 11-14 14:44:27 | Industry Updates | Crypto market continues to be in a state of "Extreme Fear," with the Fear & Greed Index currently at 16 |
Explore More about Convertible JPY Token
More Cryptocurrencies to Explore
Top cryptocurrencies with market data available on MEXC
HOT
Currently trending cryptocurrencies that are gaining significant market attention
Newly Added
Recently listed cryptocurrencies that are available for trading
Top Gainers
Today's top crypto pumps
Disclaimer
Cryptocurrency prices are subject to high market risks and price volatility. You should invest in projects and products that you are familiar with and where you understand the risks involved. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. MEXC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is'' basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under MEXC’s control. MEXC is not responsible for the reliability and accuracy of such third-party sites and their contents.