Review on bitCNY by Emir Turgut
bitCNY.
This time I'm going to tell you a little bit about the bitCNY project. This project is one of the preferred cryptocurrencies for easy and better payments. BitCNY is not a very well-known cryptocurrency, but it continues to grow rapidly. The project is a popular currency in China related to the value of the Chinese yuan. Even if it is ready, it is difficult to predict whether the yuan will rise or fall because it is difficult to buy and sell. bitCNY is not altcoin. In general, it is an asset that is firmly attached to the market. We can say that tokens serve as financial instruments created to track the value of real-world assets, which is one of the main ways to increase the number of customers of this project.
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Pros
- the note comes from users who want to have the same purchasing power as the Chinese yuan.
- The target is to stabilize the market value of the asset being determined
Cons
- the market price is not very high because it is not very popular.
