The demand for the bitCNY digital currency comes from users wanting similar purchasing power as that of the Chinese currency. This altcoin enables the users to transact just as they would while using the Yuan. Upon getting bitCNY, a yield comes from a typical interest pool for each bitCNY holder which is then diluted among these holders. It uses blockchain technology to make sure that it becomes a relevant currency just like the Fiat currency.
The bitCNY is backed by a development team. However, sales or marketing personnel are absent. The growth of the coin is further impeded by the fact that the developers haven’t published their bio or social profiles. Unlike many of the newer cryptos of 2017, the team of this crypto is not active on social media channels.