On 19th August the new Czech electronic crypto currency entered Czech market. The introduction of this first Czech national virtual currency was already announced previous month. This Tuesday the first emission was introduced with the exchange rate of 0.25 CZK for one czc and after approx. half an hour its value exceeded 1 CZK. After selling limited emissions the official trading will begin on 29th August 2014. Among the advantages of Czech Crown Coin compared to other similar currencies is that it enters the market with the fully developed infrastructure and that it will try to avoid the fate of some less successful virtual currencies by regulating the exchange rate during first emissions. Although Czech Crown Coin is new in the Czech Republic, in Europe it joins ranks of Icelandic Auroracoin, Spanish Spaincoin, Greek Greececoin or Scottish Scotcoin.
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12th October 2020