Rank #3758
cjpy Convertible JPY Token
$ 0.006244
0.079101 BTC
9 satoshies
Market Cap
1,32 MLN. $
24 Hour Trading Vol
16,030.518 $
Circulating Supply
212,62 MLN.
Total Supply
212,62 MLN.
Max Supply
-
Fully Diluted Valuation
1,31 MLN. $
Low
Range
High
Info
Contract
0x1cfa5641c01406ab8ac350ded7d735ec4129
8372
Website
Explorers
Community
Search on
API id
Source code
tags
1h
24h
7d
1m
1y
max
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Convertible JPY Token Price Statistics
0.006244 $
0.006176 $ / 0.00633 $
16,030.518 $
#3758
1,32 MLN. $
0.007363 $
-15.19%
10 November, 2023, (2 years ago)
0.004605 $
35.59%
19 April, 2024, (a year ago)
Convertible JPY Token Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
Convertible JPY Token Performance
Trading Pair
day
week
month
cjpy
/
usd
0.01%
0.87%
-0.35%
cjpy
/
btc
0.01%
0.87%
-0.35%
cjpy
/
eth
0.01%
0.87%
-0.35%
About Coin
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.
Where is Convertible JPY Token available for purchase?
You can exchange CJPY tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Convertible JPY Token is Curve (Ethereum), notably the CJPY/CJPY pair, which saw a trading volume of $ 10,021.97 in the past day.
What is the highest value Convertible JPY Token (CJPY) has ever reached?
Convertible JPY Token (CJPY) reached its peak price at 0.007363 $ on 10 November 2023, approximately 2 years ago ago. Presently, the current price is -15.19% lower than this all-time high.
What is the historical minimum price for Convertible JPY Token (CJPY)?
The minimum price reached for Convertible JPY Token (CJPY) was 0.004605 $, documented on 19 April 2024, more than a year ago. In comparison, the current price is 35.59%, it above this historical low.
What is the fully diluted valuation of Convertible JPY Token (CJPY)?
The fully diluted valuation (FDV) of Convertible JPY Token (CJPY) stands at $ 1,31 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of CJPY tokens. The realization of this FDV might take several years depending on the emission schedule of CJPY tokens.
How to add Convertible JPY Token (CJPY) to MetaMask?
By integrating Convertible JPY Token (CJPY) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import CJPY as a token. You can either manually import CJPY by copying its contract address (0x1cfa5641c01406ab8ac350ded7d735ec41298372) or use MetaMask's Chrome extension to add CJPY with a single click through P.CASH.
How to add Convertible JPY Token (CJPY) to TrustWallet?
Incorporating Convertible JPY Token (CJPY) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include CJPY, you can either manually import it using the contract address (0x1cfa5641c01406ab8ac350ded7d735ec41298372) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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