bitCNY

by BitShares

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BitBay

by BitBay

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Reserve Rights

by Reserve Rights

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bitCNY

by BitShares

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BitBay

by BitBay

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Reserve Rights

by Reserve Rights

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What problem does this service solve?

bitCNY is intended to serve as financial tool that will help stabilize the price of BTS relative to the Chinese Yuan.BitBay's goal is to create a stable cryptocurrency that is not pegged to another asset.Reserve's goal is to create an inflation resistant digital currency.

Token Stats

Company Description

bitCNY is a decentralized stablecoin that is pegged to the Chinese Yuan. It is based on the BitShares blockchain and has a Delegated Proof-of-Stake (dPoS) consensus mechanism. As a market pegged asset, the bitCNY token represents the amount of BitShares (BTS) that are equivalent to one Chinese Yuan.

BitBay is developing a decentralized marketplace based on a non-colateralized stablecoin. Unlike other stabelcoins, BitBay is stabilized with a dynamic peg that is meant to reduce volatility without anchoring the price to another asset. The network has a Proof-of-Stake (PoS) consensus mechanism.

Reserve Rights is an Ethereum-based stable token that is built on the Reserve Protocol. Reserve token will be initially backed by several other collateral tokens that are each tokenized versions of the US Dollar. The project has plans to transition to a collateral model that will not be pegged to the US Dollar.

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