Price change (24h):
0.84%
High (24h):
$0.00425923
Low (24h):
$0.00420111
Volume (24h):
$602.81
Market Cap:
$900.89K
All Time High:
42.37% $0.01
Nov 10, 2023
All Time Low:
216% $0.00
Sep 2, 2025
Convertible JPY Token
CJPY30.86 %(1Y)
$0.00423658
About Convertible JPY Token
Convertible JPY Token (CJPY) is a cryptocurrency launched in 2023. It is a decentralized, overcollateralized stablecoin engineered to track the Japanese Yen. The asset inhabits the intersection of Ethereum’s DeFi ecosystem and the global stablecoin arena, functioning as a non-custodial collateral debt position.
Yamato Protocol—a platform built by DeFiGeek Community Japan—issues CJPY when a user locks ETH as backing. The architecture confronts the brittleness of centralized fiat-pegged tokens by eliminating intermediaries entirely. A 130% minimum health rate optimizes capital efficiency. There is no recurring interest, only a single minting fee. Liquidation is never forced; instead, any network actor can redeem a position that slips below the threshold simply by holding CJPY, and protocol-accumulated fees can autonomously subrogate vaults under 100% health.
Convertible JPY Token operates on the Ethereum network. Its existence as an ERC-20 asset inherits the base layer’s security and finality, obviating the need for a parallel validator set or bespoke consensus model.
The contract adheres to the standard ERC-20 interface, guaranteeing trivial composability with wallets, aggregation routers, and lending markets. On-chain math locks the collateral ratio. Peer-driven redemptions replace algorithmic fire sales—CJPY holders can call an undercollateralized debt, obtain the underlying ETH at a discount, and by doing so, mechanically re-anchor the soft peg. The protocol’s fee pool can even act as a backstop, repaying risky positions via the subrogation module before they cascade.
Development ignited in January 2021 under the stewardship of the DeFiGeek Community Japan, an open collective contributing to Web3 tooling. No single founder claims credit; the codebase evolved through communal governance. Alpha testing hit Rinkeby in November 2021. Two beta rounds followed in January and May 2022. A clean first audit concluded in June 2023, allowing the version 1 mainnet deployment to snap into place in July of that same year.
The long-range thesis envisions an ecosystem where fiat-pegged assets are minted, managed, and settled without any custodian, beginning with the Japanese Yen. The roadmap explicitly targets an expansion to Euro and US Dollar variants, weaving a multi-fiat stablecoin fabric that can serve DeFi protocols and Web3 commerce in a purely non-sovereign manner.
Inside the protocol, CJPY functions as the debt vector itself. A participant deposits ETH, mints the token, and obtains a stable Yen-denominated unit that can immediately flow to any Ethereum address. That token then acts either as a settlement instrument, an exchange-quote currency, or a tradable obligation that arbitrageurs liquidate to capture the spread when a vault’s health ratio erodes.
Validators and stakers are not part of this design, but systematic actors buy CJPY on open markets purely to execute redemptions on positions below 130% health, earning the collateral delta while enforcing the peg. DeFi integrations fold the token into lending pools and DEX liquidity pairs, while Japanese crypto-native businesses can route payments through CJPY to strip out crypto volatility while retaining yen accounting parity.
Convertible JPY Token has a total supply of 212,623,613 CJPY. Currently, 212,623,613 are in circulation. With a market capitalization of $1,117,326, Convertible JPY Token ranks #2,878 among all cryptocurrencies.
Convertible JPY Token Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 13/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 12/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 11/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 10/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 09/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 08/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 07/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
Why is manual trading Convertible JPY Token a bad idea?
Manual cjpy trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
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AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
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Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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Convertible JPY Token (CJPY) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live CJPY price, market cap, and 24-hour trading volume at the top of this page.
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The current price of Convertible JPY Token (CJPY) is $0.00423658. Over the last 24 hours, it has moved 0.84%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy Convertible JPY Token on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your CJPY investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
Stablecoins (like CJPY) are designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. While their price typically stays close to the peg, they can occasionally depeg due to market stress, liquidity issues, or concerns about reserve backing.
Many traders use stablecoins as a safe haven during crypto market volatility or as a convenient way to move funds between exchanges. -
We can’t provide investment advice. Whether Convertible JPY Token is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. CJPY can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
