Convert Convertible JPY Token CJPY to Nigerian Naira NGN
CJPY to NGN: 1 Convertible JPY Token converts to NGN 9.31 NGN as of June 14 at 5:22 PM
About Convertible JPY Token
Convertible JPY Token is falling this week. The current price of Convertible JPY Token is NGN 9.31 per CJPY. With a circulating supply of 212,623,613.256 CJPY, it means that Convertible JPY Token has a total market cap of NGN 1,979,976,336.68. The amount of Convertible JPY Token traded has fallen by -NGN 2,612,927.26 in the last 24 hours, which is a 83.35% decrease. Additionally, in the last day, NGN 3,134,802.33 worth of CJPY has been traded.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is NGN 9.31 NGN. In other words, to buy 5 Convertible JPY Token, it would cost you NGN 46.54 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 0.11 CJPY while NGN 50.00 NGN would convert to 5.37 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.78%. Meanwhile, in the last 24 hours, the rate has changed by 1.59%, and that the highest exchange rate of 1 CJPY to NGN was NGN 9.50 NGN and the lowest 24 hour value was 1 CJPY for NGN 9.30 NGN. Last month, 1 CJPY was worth NGN 10.53 NGN. Today, it's down 8.16%. Looking back a year, Convertible JPY Token has changed by NGN 8.71 NGN. That means that in a single year, the value of Convertible JPY Token has grown by 3.24%.
Convertible JPY Token Market Stats
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.
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Conversion tables
CJPY to NGN values from Today at 5:22 pm
0.5 CJPY = NGN 4.65 NGN |
1 CJPY = NGN 9.31 NGN |
5 CJPY = NGN 46.54 NGN |
10 CJPY = NGN 93.08 NGN |
50 CJPY = NGN 465.39 NGN |
100 CJPY = NGN 930.79 NGN |
500 CJPY = NGN 4,653.95 NGN |
1,000 CJPY = NGN 9,307.89 NGN |
NGN to CJPY values from Today at 5:23 pm
0.5 NGN = 0.0537 CJPY |
1 NGN = 0.11 CJPY |
5 NGN = 0.54 CJPY |
10 NGN = 1.07 CJPY |
50 NGN = 5.37 CJPY |
100 NGN = 10.74 CJPY |
500 NGN = 53.72 CJPY |
1,000 NGN = 107.44 CJPY |
CJPY to NGN over time
CJPY | Today | 24H | 1M | 1Y |
|---|---|---|---|---|
0.5 CJPY | NGN 4.65 NGN | NGN 4.75 NGN | NGN 5.26 NGN | NGN 4.36 NGN |
1 CJPY | NGN 9.31 NGN | NGN 9.50 NGN | NGN 10.53 NGN | NGN 8.71 NGN |
5 CJPY | NGN 46.54 NGN | NGN 47.48 NGN | NGN 52.64 NGN | NGN 43.56 NGN |
10 CJPY | NGN 93.08 NGN | NGN 94.95 NGN | NGN 105.28 NGN | NGN 87.12 NGN |
50 CJPY | NGN 465.39 NGN | NGN 474.76 NGN | NGN 526.39 NGN | NGN 435.58 NGN |
100 CJPY | NGN 930.79 NGN | NGN 949.51 NGN | NGN 1,052.78 NGN | NGN 871.15 NGN |
500 CJPY | NGN 4,653.95 NGN | NGN 4,747.57 NGN | NGN 5,263.92 NGN | NGN 4,355.77 NGN |
1,000 CJPY | NGN 9,307.89 NGN | NGN 9,495.13 NGN | NGN 10,527.84 NGN | NGN 8,711.54 NGN |
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Frequently asked questions
How much is 1 Convertible JPY Token in NGN?
Right now, 1 Convertible JPY Token is worth about NGN 9.31.
How much CJPY could I buy for 1 NGN?
Based on the current rate, you could get 0.11 CJPY for 1 NGN.
How much has the price of Convertible JPY Token changed?
Convertible JPY Token price has been declining. Since yesterday, the exchange rate of Convertible JPY Token has decreased. Since last month, the exchange rate of Convertible JPY Token has decreased. Since this time last year, the price of Convertible JPY Token has increased.
How do I calculate or convert CJPY to NGN?
You can use our CJPY to NGN calculator at the top of this page to convert any amount of CJPY to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.54 CJPY. Inversely, 5 CJPY will cost about NGN 46.54
How can I buy 1 Convertible JPY Token on Coinbase?
Convertible JPY Token can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Convertible JPY Token.
What are assets similar to Convertible JPY Token that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Convertible JPY Token, including SHIB2, XRP20, and Alva. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
Buy Convertible JPY Token with Coinbase Wallet
Create a Coinbase account to buy and sell Convertible JPY Token on the most secure crypto exchange.
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