Convertible JPY Token
CJPY Price
How is the price of Convertible JPY Token (CJPY) calculated?
The price of Convertible JPY Token (CJPY) is calculated in real-time by aggregating the latest data across 1 exchanges and 3 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
Convertible JPY Token Price Chart (CJPY)
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 0.3% | 0.1% | 2.0% | 0.4% | 5.7% | 15.4% |
CJPY Converter
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Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$1,208,885 |
|---|---|
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
1.0 |
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Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$1,208,885 |
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24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$20,848.13 |
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Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
212,623,613 |
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Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
212,623,613 |
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Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
∞ |
CJPY Historical Price
| 24h Range | $0.005678 – $0.005721 |
|---|---|
| 7d Range | $0.005634 – $0.005802 |
| All-Time High |
$0.007364
22.5%
Nov 10, 2023 (over 1 year)
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| All-Time Low |
$0.004606
23.9%
Apr 19, 2024 (12 months)
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How do you feel about CJPY today?
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.
Where can you buy Convertible JPY Token?
CJPY tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Convertible JPY Token is Curve (Ethereum), where the most active trading pair CJPY/WETH has a trading volume of $9,552.81 in the last 24 hours.
What is the daily trading volume of Convertible JPY Token (CJPY)?
The trading volume of Convertible JPY Token (CJPY) is $20,848.13 in the last 24 hours, representing a 21.20% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.
What is the highest and lowest price for Convertible JPY Token (CJPY)?
Convertible JPY Token (CJPY) reached an all-time high of BTC0.062641 and an all-time low of BTC0.075425. It’s now trading -22.50% below that peak and 23.90% above its lowest price.
What is the market cap of Convertible JPY Token (CJPY)?
Market capitalization of Convertible JPY Token (CJPY) is BTC14.2460 and is ranked #3162 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CJPY tokens (210 Million tokens are tradable on the market today).
What is the fully diluted valuation of Convertible JPY Token (CJPY)?
The fully diluted valuation (FDV) of Convertible JPY Token (CJPY) is BTC14.2460. This is a statistical representation of the maximum market cap, assuming total number of 210 Million ETH tokens are in circulation today.
How does the price performance of Convertible JPY Token compare against its peers?
With a price decline of -2.00% in the last 7 days, Convertible JPY Token (CJPY) is outperforming the global cryptocurrency market which is down -3.90%, while underperforming when compared to similar Stablecoins cryptocurrencies which are down -0.10%.
How to add Convertible JPY Token (CJPY) to MetaMask?
Adding Convertible JPY Token (CJPY) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import CJPY as a token. You can copy CJPY’s contract address (0x1cfa5641c01406ab8ac350ded7d735ec41298372) and import it manually, or if you've installed MetaMask's chrome extension, add CJPY to MetaMask with one click on CoinGecko.
Add CJPY to MetaMask.
Convertible JPY Token Markets
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
DEX
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$0.00567853700160886500000000000000000000000000000000000000000000000000000000000000000 | 0.6% | $10,479 | $10,448 | $9,552.00 | 45.81% |
Recently
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| 2 |
DEX
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$1.00 | 0.6% | $4,420 | $4,407 | $10,641.00 | 51.03% |
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| 3 |
DEX
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$0.00571703427832862700000000000000000000000000000000000000000000000000000000000000000 | 0.61% | $1,317 | $1,313 | $660.00 | 3.17% |
Recently
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