Convertible JPY Token (CJPY) Price

#3409

$0.005806

0.11%24h
- 0.000006675$
$0.005778 $0.005838
24h Change Range

Market Cap

$1.2M+
0.17%

Volume (24h)

$51.7K+

F.D Valuation

1.2M+

Circulating Supply

212.6M+

Total Supply (Est.)

212.6M+

Max. Supply

Convertible JPY Token Information

Official Website

app.yamato.fi
Convertible JPY Token Website

Convertible JPY Token (CJPY) Wallet

Official Forum

Social Links

Contract Address

Block Explorers

Main Chain

Platforms

Source Code

Convertible JPY Token (CJPY) Historical Market

24 Price Range

-

All-Time High

$0.007364 21.24%
11/10/2023 12:24 AM

All-Time Low

$0.004606 25.93%
Apr 19 2024

Convertible JPY Token Chart

Convertible JPY Token (CJPY) Live Market Details and Information

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.

FAQs About Convertible JPY Token (CJPY)

The current price of 1 Convertible JPY Token (CJPY) in USD is $0.005806. This price is currently -21.24% than its all-time high (ATH) of $0.007364, and 25.93% than its all-time low (ATL) of $0.004606.
Please note that cryptocurrency prices are highly volatile and can change rapidly depending on market conditions, investor sentiment, and exchange platform variations. It's important to stay updated with the latest market trends to understand the fluctuations in Convertible JPY Token’s price.

The market capitalization of Convertible JPY Token (CJPY) is $1,234,506.00 as of today.
Convertible JPY Token (CJPY) is currently ranked #3409 in the market, and this market cap is calculated by multiplying the current price of Convertible JPY Token with the circulating supply.
The circulating supply of Convertible JPY Token (CJPY) is 212,623,613, meaning there are 212,623,613 tokens in circulation.
It is important to note that the market cap can fluctuate significantly due to the volatility of cryptocurrency prices, as well as changes in the circulating supply based on mining or token burns.
The market cap reflects the overall value of Convertible JPY Token (CJPY) in the market and provides an insight into its market dominance and potential for future growth. For the most accurate and up-to-date information, always check the latest market updates on Convertible JPY Token (CJPY)’s official platforms.

The trading volume of Convertible JPY Token (CJPY) today is $51,690.00. This represents the total value of Convertible JPY Token (CJPY) transactions in the market over the last 24 hours.
A higher trading volume indicates strong market activity, liquidity, and interest in the token. As of now, Convertible JPY Token (CJPY) is being actively traded across several exchanges, with buyers and sellers participating in high - frequency transactions.

The trading volume metric, which plays a vital role in market assessment, reveals the extent of Convertible JPY Token's market activity and liquidity. Market interest remains strong when trading volumes are high because considerable trading activity means individual transactions have a limited impact on market price. coin.Name stands out as the most actively traded cryptocurrency because of its large trading volume. Institutions and people use it to sell and store monetary value.

Monitoring trading volume is crucial as it helps identify trends in market sentiment, potential price volatility, and overall token demand.
Stay informed about the latest updates on Convertible JPY Token (CJPY) to make well-informed trading decisions.

The all-time high (ATH) price of Convertible JPY Token (CJPY) is $0.007364. This ATH was reached on 10 Nov 2023, marking the highest value ever for Convertible JPY Token (CJPY) in the market. Currently, Convertible JPY Token is lower than its ATH by -21.24%, reflecting a lose since its peak.
ATH values are essential for understanding the maximum market valuation of Convertible JPY Token, offering insight into its performance
and potential growth trajectory. As cryptocurrency prices are volatile, it's crucial to stay updated on the latest trends.

The all-time low (ATL) price of Convertible JPY Token (CJPY) is $0.004606. This ATL was reached on 19 Apr 2024, marking the lowest value ever for Convertible JPY Token (CJPY). Currently, Convertible JPY Token is higher than its ATL by 25.93%, reflecting a gain since its lowest point.
ATL values are essential for understanding the minimum market valuation of Convertible JPY Token (CJPY), offering insight into its recovery
and potential for growth. As cryptocurrency prices are volatile, staying updated on the latest trends is important.

To buy Convertible JPY Token (CJPY), you can follow these steps:
1. Choose a Cryptocurrency Exchange: Convertible JPY Token (CJPY) is available on several popular cryptocurrency exchanges, such as Changelly Binance, CoinEx, KuCoin, etc. These platforms allow you to trade Convertible JPY Token against various cryptocurrencies or fiat currencies like USD, EUR, and more.
2. Create an Account: Sign up on the exchange of your choice by providing the necessary details such as email, password, and KYC (Know Your Customer) verification.
3. Deposit Funds: Once your account is set up, deposit funds via bank transfer, credit card, or another supported payment method. Make sure you have USD or any other preferred currency in your exchange account to purchase Convertible JPY Token.
4. Place an Order: After funding your account, navigate to the Convertible JPY Token (CJPY) trading pair (e.g., Convertible JPY Token/USD) and place an order to buy. You can choose a market order for immediate execution or a limit order to buy at your desired price.
5. Store Your Coins Securely: After purchase, it's important to store your Convertible JPY Token in a secure wallet. You can use the exchange wallet or transfer your coins to a private wallet for added security.
Note: Cryptocurrency investments are volatile. Ensure you do thorough research and consider risks before purchasing Convertible JPY Token (CJPY).

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