Digital Asset Fundamentals (Digital Asset) - TiTdoi (TiTdoi.com)


coin summary Convertible JPY Token (cjpy)


- What is the project aboutCJPY represents a collateral debt position issued on Yamato Protocol,a decentralized and noncustodial 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 uniqueYamato Protocol distinguishes itself through 5 attributes as a decentralized and noncustodial 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 onetime issuance fee upon generating CJPY.3.
- NonForced 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 noncustodial 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 projectAt 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 vevoteescrowed 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 forCJPY represents a decentralized JPYpegged 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 noncustodial nature,CJPY holds the potential for widespread adoption as a payment medium within the Japanese crypto business ecosystem..

Summary of the coin Convertible JPY Token

Summary of the coin Convertible JPY Token


market value (Market Capital) Ranked 2739

circulated (Circulated): 168,008,673.26 coin
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at news date
1 Japanese yen backed digital currency DCJPY to go live in July 2024 2023-10-12

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The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,095.50 1,520,155,535.80
2 BTC title=BTC 64,128.00 1,167,182,715.73
3 ETH title=ETH 3,145.69 609,099,845.01
4 PEPE title=PEPE <0.01 297,945,065.56
5 SOL title=SOL 147.94 283,736,686.20
6 DOGE title=DOGE 0.16 245,188,261.98
7 WIF title=WIF 3.31 151,959,381.53
8 WLD title=WLD 5.87 147,469,460.56
9 NEAR title=NEAR 7.29 114,771,369.37
10 RNDR title=RNDR 10.03 114,420,832.42
11 BOME title=BOME 0.01 103,141,457.93
12 ENA title=ENA 0.88 92,194,222.65
13 ARKM title=ARKM 2.65 80,860,204.05
14 ETHFI title=ETHFI 4.21 78,553,700.36
15 AR title=AR 39.88 75,139,830.62
16 BONK title=BONK <0.01 71,760,940.21
17 XRP title=XRP 0.53 66,029,719.15
18 FLOKI title=FLOKI <0.01 62,743,803.57
19 SUI title=SUI 1.12 62,471,571.48
20 AVAX title=AVAX 37.53 53,403,589.80
21 GLM title=GLM 0.62 48,140,336.38
22 AGIX title=AGIX 0.98 39,967,450.67
23 USTC title=USTC 0.02 39,197,263.37
24 RUNE title=RUNE 5.30 37,336,879.33
25 OP title=OP 2.92 35,621,951.97
26 ORDI title=ORDI 39.93 35,006,338.17
27 FIL title=FIL 6.19 34,233,889.63

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27 Bittensor title=TAO 465.50 +7.31
28 Cosmos Hub title=ATOM 9.33 +7.25
29 SelfKey title=KEY <0.01 +7.10
30 Civic title=CVC 0.18 +7.04

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 REZ 0.18 -6.22
2 LeverFi title=LEVER <0.01 -5.74
3 Komodo title=KMD 0.40 -5.14
4 DataBot title=DATA 0.06 -3.80
5 dogwifhat title=WIF 3.31 -2.90
6 MANTRA title=OM 0.76 -2.71
7 Ontology Gas title=ONG 0.59 -2.44
8 SafePal title=SFP 0.79 -2.30
9 AS Roma Fan Token title=ASR 3.57 -2.27
10 Shentu title=CTK 0.70 -2.02
11 Vite title=VITE 0.02 -1.92
12 Sei title=SEI 0.56 -1.55
13 Lazio Fan Token title=LAZIO 2.99 -1.55
14 QuarkChain title=QKC 0.01 -1.32
15 Coin98 title=C98 0.28 -1.29
16 Request title=REQ 0.13 -1.24
17 WINkLink title=WIN <0.01 -0.97
18 Amp title=AMP <0.01 -0.90
19 High title=HIGH 4.14 -0.86
20 Lido DAO title=LDO 2.01 -0.79
21 Alpine F1 Team Fan Token title=ALPINE 1.88 -0.74
22 Alpaca Finance title=ALPACA 0.18 -0.73
23 Voxies title=VOXEL 0.24 -0.67
24 Keep3rV1 title=KP3R 73.64 -0.38
25 Clover Finance title=CLV 0.07 -0.38
26 Akropolis title=AKRO <0.01 -0.37
27 Bonk title=BONK <0.01 -0.33
28 TRON title=TRX 0.12 -0.21
29 Chromia title=CHR 0.27 -0.18
30 Lisk title=LSK 1.90 -0.11

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