BitCNY is a fungible smart coin market pegged to Chinese currency, Chinese Yuan. Its demand emanates from users desiring similar purchasing power as that of the Chinese yuan and subsequent ability to carry out transactions.
It is an asset which represents a total amount of BTS needed to value a single Chinese Yuan. BTS is used as collateral by BitShares.
bitCNY [BITCNY] is a token based on BitShares blockchain. The most actual price for one bitCNY [BITCNY] is $0.152765. bitCNY is listed on 1 exchanges with a sum of 8 active markets. The 24h volume of [BITCNY] is $108 876 192, while the bitCNY market cap is $4 314 942 which ranks it as #618 of all cryptocurrencies.
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