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What is BitCNY coin (BITCNY) and how does it work?

by Financial Economy

BitCNY is a distributed cryptocurrency based on the BitShares blockchain, pegged to the Chinese Yuan. bitCNY is not an altcoin. It is rather an asset pegged to the market (Chinese Yuan). Information about some topics that what is BitCNY coin (BITCNY), how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about TAROT coin.

What is BitCNY coin (BITCNY) and how does it work?

BitCNY token serves as financial instruments designed to track the price of real world assets. Price increases in the market are not regular. The token aims to stabilize the market price (Chinese Yuan) of the asset it detects. BitCNY’s demand stems from users who want the coin to achieve the same purchasing power as the Chinese Yuan. In summary, bitCNY is a token representing the amount of BitShares (BTS) equivalent to one Chinese Yuan.

Which exchange is BitCNY coin on?

BitCNY coin is listed on some cryptocurrency exchanges such as Cointiger, etc.

How to buy BITCNY coins?

BitCNY coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

BITCNY coin supply!

Total supply of BitCNY token is 28.245.600 BITCNY. There is no data about maximum supply of BitCNY coin.

BITCNY coin price!

As of September 27, 2022, at the time of the writing, 1 BitCNY coin price is around $0.1414 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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