Hey bitshares friends. I was just looking up bitCNY on coinmarketcap to see how active our major smartcoin is and I was amazed to see HUGE volume. Over 320 million CNY, currently 320,865,297 CNY in a day.
But then the total supply is actually well below that number... How can it be that the volume is insanely higher than the supply?
It looks like most of this volume is on CoinTiger. Are they trading real bitCNY or is that some sort other asset named bitCNY and coinmarketcap is confused?
They are definitely confused on the bitshares exchange volume... that data is not getting reported correctly.
I think it is very cool to see the big volume and that bitCNY has consistently tracked 1 yuan for the last 5 years now without any major failure. Congrats Bitshares community.