How to buy Convertible JPY Token CJPY - Full Guide

In this step by step guide, you’ll learn how to set up your crypto wallet and buy Convertible JPY Token 0x1cfa5641c01406ab8ac350ded7d735ec41298372 on Ethereum.

Flooz Checkout

Flooz has launched a "Checkout" feature that allows you to buy Convertible JPY Token (CJPY) using your local FIAT currency, like Dollars, Euros, Pounds, and Naira. The Flooz Checkout feature currently supports three major chains: Ethereum, BNB Smart Chain, and Polygon.

You pay

You get

What is Convertible JPY Token?

Token price

$0²654

-2.20% last 24H

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Market cap

$1.39 M

24h vol

$1.98 k
ChainETH

Holders

45

Total liquidity

-

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.

TL;DR

The Flooz Checkout empowers you to buy Convertible JPY Token (CJPY) using any FIAT currency, like Dollars, Euros, Pounds, Ghanaian Cedi, and Naira on: Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (Matic).

Here is how to buy Convertible JPY Token (CJPY) step-by-step with Flooz:

1. Download the Flooz App in the 🔗 Apple App Store or the 🔗 Google Play Store
2. Set up your new wallet or import your existing wallet into the Flooz App
3. Select Convertible JPY Token (CJPY) to buy using your local currency and payment method.
4. Enter the amount and buy Convertible JPY Token (CJPY) and confirm
5. Once your transaction is completed, you can manage, track and swap your Convertible JPY Token (CJPY) inside the Flooz App.

If you've already used the Flooz App, then you know how easy it is. However, if you're new to it, this guide will show you how to buy Convertible JPY Token (CJPY) or any other cryptocurrency.

Please note that cryptocurrencies are subject to high market risk and volatility. Please conduct a thorough research about the risk involved in purchasing cryptocurrency and only invest in products that you are familiar with. This step by step guide is no financial advice or to be viewed as an official endorsement by Flooz about the cryptocurrency itself or the success of the project.

The information about the token is provided by third parties - Flooz does not guarantee and is not responsible for the accuracy of the information presented here. Further, Flooz does not take any liability for your actions on the platform. For more information, please read our Terms of Service.

How to buy Convertible JPY Token in 4 steps in 2025:

Step 1

Scan to download Flooz App

Flooz App is available on Android, in the Play Store, and iOS, in the App Store. Look for "Flooz" or "Flooz: NFTs & Crypto Wallet" in the app stores.
You don’t have to worry about entering any personal information, or wait around to be validated. Downloading the Flooz App is free and doesn't require KYC or account setup. Get set up in less than two minutes, and gain instant access to buy over 180K cryptocurrencies!

Step 2

Set up your Flooz wallet

Setting up your non-custodial crypto wallet using Flooz is simple and secure, we value the importance of privacy and ownership, meaning that you’re the sole owner of your digital assets at all times.

After setting up your Flooz App, always make sure you set a strong 6-digit pin-code or configure your Face ID, and back up your secret phrase to store in a safe place.

If you already have a crypto wallet, then you can easily bring in your assets, NFTs, and transaction records by importing your existing wallet into the Flooz App. Once you're in, you can add up to five accounts for free and use them for various transactions like buying, swapping, spending, and sending tokens to your friends!

When selecting a crypto wallet, there are numerous factors to weigh, but safety should definitely be your first priority. Flooz provides you with a non-custodial wallet, and if you care about security, you don’t want any provider to store your assets on your behalf, right?

This could happen when you let someone else store your funds - FTX lost $6 billion dollars worth of customer funds.

Here’s what happens when the central banking system collapses - Central Nigerian Bank halts all withdrawals of cash above $50 a day.

To learn how to buy Convertible JPY Token (CJPY) with your local payment method, just follow the instructions below.

Step 3

Buy Convertible JPY Token (CJPY) with your local payment method

Buy Convertible JPY Token (CJPY) directly with cryptocurrency or popular payments methods such as Apple Pay, Google Pay, Credit Card, Bank Transfer and Mobile Money (MTN, Vodafone Cash, Airtel Tigo) and others.
Best price guaranteed! Flooz is like Skyscanner. We analyze more than 40 different decentralised exchanges to provide you with the best prices at the fastest routes.

Step 4

Track, manage and trade your Convertible JPY Token (CJPY)

Track the performance of your Convertible JPY Token (CJPY) trade with real-time data and alerts in Flooz. Our powerful portfolio tracker automatically tracks any transaction across 180k different cryptocurrencies on Ethereum, Polygon and the Binance Smart Chain.

You can use Flooz to swap Convertible JPY Token (CJPY) to any currency or send it to any wallet across the world in near real-time!

Why buy Convertible JPY Token (CJPY) with Flooz?

Buy crypto with any currency

Buy or swap any of our 180K+ supported cryptocurrencies. It’s simple, secure and fast.

Safe and secure

The Flooz App is a non-custodial wallet and audited by Sigma Prime. No one but you has full access to your funds. Your keys, your crypto!

Best prices and fastest routes

Buy and trade any token on all popular chains at the cheapest rates and fastest routes. Flooz analyses 40+ different decentralised exchanges to offer you a best price guarantee.

Track your performance

Track and manage all your crypto assets with real-time alerts and data. Flooz is the easy way to buy, trade, send and receive any crypto assets.

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