bitCNY (CURRENCY:BITCNY) traded down 1.7% against the U.S. dollar during the one day period ending at 5:00 AM E.T. on March 16th. One bitCNY token can currently be bought for approximately $0.17 or 0.00002440 BTC on cryptocurrency exchanges including Coinbene, AEX, BitShares Asset Exchange and OpenLedger DEX. bitCNY has a market capitalization of $26.48 million and $10.97 million worth of bitCNY was traded on exchanges in the last day. Over the last seven days, bitCNY has traded 0.3% lower against the U.S. dollar.
Here’s how other cryptocurrencies have performed over the last day:
- Ripple (XRP) traded up 0.3% against the dollar and now trades at $0.49 or 0.00007036 BTC.
- Stellar (XLM) traded down 0.2% against the dollar and now trades at $0.20 or 0.00002910 BTC.
- NEO (NEO) traded up 0.3% against the dollar and now trades at $46.93 or 0.00673655 BTC.
- IOTA (MIOTA) traded up 2.8% against the dollar and now trades at $1.00 or 0.00014359 BTC.
- TRON (TRX) traded up 1.7% against the dollar and now trades at $0.0372 or 0.00000534 BTC.
- Tether (USDT) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00014354 BTC.
- Binance Coin (BNB) traded 0.9% lower against the dollar and now trades at $12.43 or 0.00178359 BTC.
- VeChain (VEN) traded down 2.1% against the dollar and now trades at $2.47 or 0.00035500 BTC.
- Ontology (ONT) traded 2.4% lower against the dollar and now trades at $3.71 or 0.00053251 BTC.
- Walton (WTC) traded up 7.9% against the dollar and now trades at $22.77 or 0.00246724 BTC.
bitCNY was first traded on November 5th, 2015. bitCNY’s total supply is 155,775,000 tokens. bitCNY’s official message board is bitsharestalk.org.
According to CryptoCompare, “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. “
bitCNY Token Trading
bitCNY can be traded on these cryptocurrency exchanges: BitShares Asset Exchange, AEX, OpenLedger DEX and Coinbene. It is not currently possible to buy bitCNY directly using US dollars. Investors seeking to acquire bitCNY must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy bitCNY using one of the exchanges listed above.
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