Total Coins: 4344
Total Market Cap: $ 17,214,374,173,658
24H Trade Volume: $ 6,457,934,019
bitCNY (BITCNY)
BITCNY
$ 0.1423391209 ( -0.1%)
Mkt. Cap.
$ 14.23 B
Vol. 24H
BITCNY 0 ($ 0)
Open 24h
$ 0.1424814458
Low/High 24h
$ 0.1423391209 - $ 0.1437767302
Last trade
BITCNY 0 ($ 0) / OpenLedger

Charts price for bitCNY (BITCNY)

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Description of bitCNY (BITCNY)

bitCNY is a market pegged asset (MPA) issued on the Bitshares platform, these assets are known as bitassets or smartcoins. Smartcoins always have 100% or more of its value backed by BitShares (BTS), and can be redeemed for it at any time. Since the exchange rate of BTS to CNY can change, the blockchain protocol deals with increasing and decreasing supply accordingly. This allows users to trade and transfer stable priced tokens across the blockchain and to trade real world commodities like gold and silver in a decentralized manner.