Looking for bitCNY? Find BITCNY Price, Exchanges, Reviews, Chart, Historical Data & BITCNY Marketcap
bitCNY (BITCNY) Ranked 1114 in Coin Market Daddy Currencies Index. bitCNY (BITCNY) price is $0.142306. It has a current circulating supply of 29,225,800 BITCNY and a Marketcap of $4.24M. worth of bitCNY (BITCNY) has been traded in the past 24 hours. bitCNY (BITCNY) currency type is token (BitShares). BITCNY trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update bitCNY (BITCNY) and contribute to CMD Cryptocurrency Encyclopedia.
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.