bitCNY is a Bitshares smart token that was created to match the price of the Chinese Yuan using the Smart Coil technology. Because the price of bitCNY is pegged at the Chinese Yuan, most of its demand originates from users that want to have the purchasing and transacting power of the Chinese Yuan without having to actually purchase it. The Bitshares (BTS) token is used as collateral and therefore the bitCNY token represents the amount of BTS needed to purchase a single Chinese Yuan. bitCNY is only one of the many pegged smart coins on the Bitshares platform (others include tokens for US Dollars, Euros, gold, silver, oil, and more).
BitCNY (BITCNY) is the digital smart token that exists on the Bitshares blockchain to match the price of the Chinese Yuan.
|24h Volume||$19.37 M|
|Market Cap||$9.38 M|
|Current Supply||63.68 M|
|Total Supply||63.68 M|