How to buy Convertible JPY Token token with credit card
Want to buy CJPY, but don't know how to get started? Follow these easy steps! All you need is an email address and a credit card.
Ondefy offers the fastest way to buy Convertible JPY Token
Follow these steps to get started:
1. Enter Amount
2. Connect your email or wallet
3. Pay by credit card or bank transfer
What is Convertible JPY Token?
Yamato Protocol is a decentralized and non-custodial platform on Ethereum developed by DeFiGeek Community Japan. CJPY is an ETH overcollateralized stablecoin designed to maintain a peg to the Japanese Yen. The protocol permits a minimum health rate of 130%, ensuring efficient use of collateral and users are subject solely to a one-time issuance fee upon generating CJPY. 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. The protocol employs the accumulated CJPY fees to subrogate debt positions falling below the 100% health rate threshold. Version 1.5 will introduce the DAO utility token and the implementation of ve(vote-escrowed) governance, while Version 2.0 will enable issuance of additional stablecoins like CEUR (convertible EUR) and CUSD (convertible USD). CJPY offers versatility to users and other protocols, with its anticipated adoption spanning various DeFi Dapps, encompassing DEX and lending protocols.
How do I buy Convertible JPY Token in 2023?
You can buy Convertible JPY Token using credit card (Visa or MasterCard), bank transfer, Apple Pay or Google Pay. All you need to do is to choose a fiat currency, e.g. CHF, and enter an amount. A conversion rate is calculated for you. Once you are happy with the rate, tap the "Continue" button to get started. At this point, you will need to connect your email or wallet (if you are buying crypto for the first time, it will be easier for you to use your email, but Metamask and WalletConnect are also supported). Depending on wether Convertible JPY Token is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to Convertible JPY Token for you. In this case, you will first need to sign a permit in order to allow us to perform this swap on your behalf. Finally, you will be able to choose your payment method, and finalise your purchase. If this is your first time buying with Ondefy, you will need to complete a short KYC (Known Your Customer) verification.
Is it safe to buy Convertible JPY Token?
Your payment processing is securely handled by our partner Transak, and your purchased Convertible JPY Token tokens benefit from the security of the blockchain. Nevertheless, as an investor you must assume the risk of owning cryptocurrencies, due to their inherent price volatility.