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base info The Root Network

The Root Network to Chinese Yuan Converter and calculator

Convert 1The Root Network (ROOT) to Chinese Yuan (CNY) equals ¥ 0.2333 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of The Root Network(ROOT) to Chinese Yuan(CNY). This is the real-time data. The current conversion shows 1 ROOT at a value of 1 ROOT for 0.23 CNY . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

CNY information

About the Chinese Yuan (CNY)

What Is the Chinese Yuan (CNY)?

The Chinese Yuan, denoted as CNY and symbolized by ¥, is the official currency of the People's Republic of China. It's also known as Renminbi (RMB), which translates to "People's Currency". The basic unit of the Renminbi is the yuan, and it's often used to refer to the Chinese currency, especially in international contexts. One yuan is subdivided into 10 jiao, and a jiao is further divided into 10 fen. The Chinese Yuan is the sole legal tender in the People's Republic of China.

The Chinese Yuan is issued by the People's Bank of China (PBOC), the monetary authority of the People's Republic of China. The PBOC oversees the production, distribution, and regulation of the currency, ensuring its stability and integrity in the financial system. In addition to managing the physical banknotes and coins, the central bank also regulates digital forms of the currency, including the recently introduced Digital Yuan.

What Is the History of CNY?

The Chinese Yuan was introduced by the People's Bank of China in December 1948, replacing various currencies circulating in the Communist-controlled areas. The currency underwent several revaluations, the most significant of which occurred in 1955, to combat hyperinflation. Initially pegged to the US dollar, the Chinese Yuan's value was adjusted to improve the competitiveness of Chinese exports as China transitioned to a market economy. Since 2006, the Yuan exchange rate has been allowed to float within a narrow margin around a fixed base rate, determined with reference to a basket of world currencies.

Notes and Coins of CNY

The Chinese Yuan is available in both coin and banknote forms. Coins range from ¥0.01 to ¥1, and banknotes are available in denominations from ¥0.1 to ¥100. The design and features of these notes and coins have evolved over time, with the latest series featuring advanced security features.

What is Digital Yuan (e-CNY)?

The Digital Yuan, also known as the Digital Currency Electronic Payment (DCEP), is the digital form of the People's Republic of China's official currency, the Renminbi (RMB). Launched in response to the rising trend of cashless transactions and the global shift towards digital currencies, the Digital Yuan aims to enhance transaction efficiency, bolster monetary policy, and provide a secure alternative to physical cash. Unlike decentralized cryptocurrencies, it operates under a centralized system, ensuring alignment with China's financial policies. The Digital Yuan features "controllable anonymity," balancing user privacy with state oversight to prevent illegal activities. Its introduction, marked by pilot programs in various cities and prominent use during the 2022 Winter Olympics, positions China as a leader in the realm of digital currencies issued by major economies and signals a significant shift in the global financial landscape towards embracing digital currency technology.

What Is the Difference Between CNY and RMB?

The terms "CNY" and "RMB" are often used interchangeably when referring to the currency of the People's Republic of China, but they have slightly different meanings:

RMB (Renminbi): The term "Renminbi," which means "People's Currency" in Mandarin, is the official name of the currency of China. It represents the currency system as a whole. Renminbi is the broader term that denotes the medium of exchange provided by the People's Bank of China.

CNY (Chinese Yuan): The term "Yuan" refers to the unit of the Renminbi currency. CNY is the international ISO currency code for the Chinese Yuan. When financial transactions are conducted internationally, or when exchange rates are mentioned, the abbreviation "CNY" is typically used.

In summary, while RMB refers to the currency system of China, CNY specifically denotes the unit of that currency used in international trading and financial contexts.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular The Root Network currency pair is the ROOT to CNY, with for The Root Network's currency code being ROOT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CNY.

ROOT to CNY conversion rate trend

1D7D1M3M1YAll
In the past 1D, The Root Network has changed +0.35% to CNY. Based on the trend and price charts, The Root Network(ROOT) has changed +0.35% to CNY while Chinese Yuan(CNY) has changed % to ROOT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
¥0.2229
0.0200% / 0.0320%vip-iconVIP 7
Huobi
¥0.2231
0.1000% / 0.1000%
Yes
Gate.io
¥0.2232
0.1000% / 0.1000%
Yes
Bybit
¥0.2228
0.1000% / 0.1000%
Yes
KuCoin
¥0.2221
0.1000% / 0.1000%
Yes
Last updated 2024/12/23 08:00:19(UTC+0)

How to buy The Root Network

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy The Root Network (ROOT)
Use a variety of payment options to buy The Root Network on Bitget. We'll show you how.

Buy ROOT (or USDT) for CNY (Chinese Yuan) offers

Bitget P2P trading does not currently support direct buying of ROOT with CNY. However, you can buy USDT in Bitget P2P trading first, and then buy ROOT with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell ROOT (or USDT) for CNY (Chinese Yuan) offers

Bitget P2P trading currently does not support direct selling of ROOT to CNY. However, you can first exchange ROOT for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
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What factors influence the conversion rate of The Root Network to Chinese Yuan?

The Root Network to Chinese Yuan is falling this week.
The Root Network's current market price is ¥ 0.2333 per ROOT, with a total market cap of ¥ 337,588,051.18 CNY based on a circulating supply of 1,446,820,500 ROOT. The trading volume of The Root Network has changed by +54.61% (¥ 20,015,060.26 CNY) in the last 24 hours. Last trading day, ROOT's trading volume was ¥ 36,651,645.17.
Market cap
$46.20M
24h volume
$7.76M
Circulating supply
1.45B ROOT

Conversion tables

The exchange rate of The Root Network is decreasing.
1 ROOT is currently valued at ¥ 0.2333 CNY , which means buying 5 ROOT will cost ¥ 1.17 CNY . Similarly, ¥1 CNY can be traded for 4.29 ROOT, and ¥50 CNY can be converted to 214.29 ROOT, excluding any platform or gas fees.
The exchange rate of 1 ROOT to Chinese Yuan has changed by -16.64% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.35%, reaching a high of 0.2526 CNY and a low of 0.2204 CNY . One month ago, the value of 1 ROOT was ¥ 0.2600 CNY , which represents a -10.46% change from its current value. Over the last year, The Root Network has changed by
-¥
0.1202CNY
, resulting in a change of -34.48% in its value.

ROOT to CNY

Amount
12:27 today
0.5 ROOT
¥0.1167
1 ROOT
¥0.2333
5 ROOT
¥1.17
10 ROOT
¥2.33
50 ROOT
¥11.67
100 ROOT
¥23.33
500 ROOT
¥116.67
1000 ROOT
¥233.33

CNY to ROOT

Amount12:27 today
0.5CNY2.14  ROOT
1CNY4.29  ROOT
5CNY21.43  ROOT
10CNY42.86  ROOT
50CNY214.29  ROOT
100CNY428.58  ROOT
500CNY2,142.88  ROOT
1000CNY4,285.76  ROOT

Today vs. 24 hours ago

Amount12:27 today24 hours ago24h change
0.5 ROOT$0.01597$0.01591
+0.35%
1 ROOT$0.03193$0.03183
+0.35%
5 ROOT$0.1597$0.1591
+0.35%
10 ROOT$0.3193$0.3183
+0.35%
50 ROOT$1.6$1.59
+0.35%
100 ROOT$3.19$3.18
+0.35%
500 ROOT$15.97$15.91
+0.35%
1000 ROOT$31.93$31.83
+0.35%

Today vs. 1 month ago

Amount12:27 today1 month ago1M change
0.5 ROOT$0.01597$0.01779
-10.46%
1 ROOT$0.03193$0.03559
-10.46%
5 ROOT$0.1597$0.1779
-10.46%
10 ROOT$0.3193$0.3559
-10.46%
50 ROOT$1.6$1.78
-10.46%
100 ROOT$3.19$3.56
-10.46%
500 ROOT$15.97$17.79
-10.46%
1000 ROOT$31.93$35.59
-10.46%

Today vs. 1 year ago

Amount12:27 today1 year ago1Y change
0.5 ROOT$0.01597$0.02419
-34.48%
1 ROOT$0.03193$0.04838
-34.48%
5 ROOT$0.1597$0.2419
-34.48%
10 ROOT$0.3193$0.4838
-34.48%
50 ROOT$1.6$2.42
-34.48%
100 ROOT$3.19$4.84
-34.48%
500 ROOT$15.97$24.19
-34.48%
1000 ROOT$31.93$48.38
-34.48%

The Root Network price prediction

What will the price of ROOT be in 2025?

Based on ROOT's historical price performance prediction model, the price of ROOT is projected to reach $0.04309 in 2025.

What will the price of ROOT be in 2030?

In 2030, the ROOT price is expected to change by -16.00%. By the end of 2030, the ROOT price is projected to reach $0.05327, with a cumulative ROI of +84.95%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between The Root Network and CNY.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as The Root Network and CNY. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of The Root Network in CNY, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.