Is conic (CNC) underperforming the global cryptocurrency market?

With a price decline of -13.40% in the last 7 days, Conic (CNC) is underperforming the global cryptocurrency market which is down -10.50%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How does a cryptocurrency protocol work?

Incentives: Cryptocurrency protocols are designed with game theory components in an effort to make sure all users of the system act in a way that keeps the system running. For example, Bitcoin miners must use computer power to verify blocks of transactions.

Are Cryptocurrencies backed by government?

Fiat currencies derive their authority from the government or monetary authorities. For example, each dollar bill is backstopped by the U. S. government. But cryptocurrencies are not backed by any public or private entities.

What is CNC (Global China cash)?

CNC (Global China Cash), Based on BTS system release, claims to be a digital currency anchored by legal currency. That is, 1CNC = 1CNY, CNC has the characteristics of constant value, large supply, fast transfer speed and low transfer cost. Strictly abide by the 1:1 reserve guarantee system.