if you want post about annoucment thread your coin
you can post in annocument altcoin section https://bitcointalk.org/index.php?board=159.0
in marketplaced altcoin i think only selling, bouny twitter campaign,facebook campaign , signature campaign, pay use altcoin
Topic: Bit20 - The cryptocurrency index fund [ANN] (Read 13489 times)
today the coin came to cost 1.6 million dollar
lmao
lmao
Today Bit20 is on the top fifty of our RoboAdvisor.
According to our robot's forecasts, Bit20 has an upside probability of 55.3% for the next month and an expected return of >+30% .
Soon we will offer the possibility to bet on the trend of this token.
today the coin came to cost 1.6 million dollar
lmao
lmao
Hi
New to the forum, sorry in advance if my questions had been answered already.
Would like to know
-if buying bitshares is the only way to purchase bit20 ?
-can I buy bitshares or Bit20 with GBP directly?
-can I purchase Bit20 at other exchanges?
-what will happen if bitcoin is out of the top 20 list one day?
Many thanks
Best regards
JGV
New to the forum, sorry in advance if my questions had been answered already.
Would like to know
-if buying bitshares is the only way to purchase bit20 ?
-can I buy bitshares or Bit20 with GBP directly?
-can I purchase Bit20 at other exchanges?
-what will happen if bitcoin is out of the top 20 list one day?
Many thanks
Best regards
JGV
I am completely new to the crypto/blockchain environment. As a member of the general public looking to diversify can you explain "compare" to me bittwenty [BTWTY] and a new ICO that is about to launch, Crypto20? 
Steemit is by bar the brightest social and blockchained-based platform out there. I would suggest anyone to have a look if you still don't know it.
As the blogs look much better and professionals on Steemit platform than forums, from now on, I will post the revisions and other Bit20 announcements there. I'll leave this forum open for questions, debate or any other kind of interactions.
Here is the link to the official Bit20 announcement Steemit channel: https://steemit.com/@estefantt
------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
Noticed that we have opened a telegram channel if you want to be closer to the Bit20 community
Telegran link : https://t.me/joinchat/BdGiiAyHOiLHs4oiHq
As the blogs look much better and professionals on Steemit platform than forums, from now on, I will post the revisions and other Bit20 announcements there. I'll leave this forum open for questions, debate or any other kind of interactions.
Here is the link to the official Bit20 announcement Steemit channel: https://steemit.com/@estefantt
------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
Noticed that we have opened a telegram channel if you want to be closer to the Bit20 community
Telegran link : https://t.me/joinchat/BdGiiAyHOiLHs4oiHq
What is the circulating supply of this coin now, and in the future ?
For now a little more than 1 Bit20 is circulating, therefore you can count a market capitalisation of around 40,000$ at the moment. More coins will be created as traders short them in existence and the market grows.
when you short the index asset bit20, are you trading on leverage or not? if so what is the multiplier? like the one at poloniex they have 2.5 leverage.
or is it just like you borrowed tokens and just sell it straight with no multiplier? thanks in advance
I remember having this conversation with you on the official Bit20 Telegram channel. I guess you had your answer. In case if it wasn't you I will gladly enter in these details again.
What is the circulating supply of this coin now, and in the future ?
For now a little more than 1 Bit20 is circulating, therefore you can count a market capitalisation of around 40,000$ at the moment. More coins will be created as traders short them in existence and the market grows.
when you short the index asset bit20, are you trading on leverage or not? if so what is the multiplier? like the one at poloniex they have 2.5 leverage.
or is it just like you borrowed tokens and just sell it straight with no multiplier? thanks in advance
Bit20 market has experienced a black swan event. After some investigation, we've finally managed to understand where the black swan came from. You'll find all the information about it in the Steemit blog we've just posted.
Before everybody get unnecessarily tense, if you are not an experimented trader, borrowing and selling Bit20, there is no change for you. You still can buy and sell Bit20 as you like.
https://steemit.com/bitshares/@estefantt/bit20-has-experienced-a-black-swan-what-is-it-what-caused-it-and-what-are-the-consequences
------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
Noticed that we have opened a telegram channel if you want to be closer to the Bit20 community
Telegran link : https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg
Before everybody get unnecessarily tense, if you are not an experimented trader, borrowing and selling Bit20, there is no change for you. You still can buy and sell Bit20 as you like.
https://steemit.com/bitshares/@estefantt/bit20-has-experienced-a-black-swan-what-is-it-what-caused-it-and-what-are-the-consequences
------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
Noticed that we have opened a telegram channel if you want to be closer to the Bit20 community
Telegran link : https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg
Bit20 - The cryptocurrency index fund [2017/07/21 - revision]
https://s6.postimg.org/nohmmh7pd/Bit20.png
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.
We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:
BTC / 45802864660 USD / 10 % / 1.3729080571151 coins / 2782.75 USD
ETH / 21004746485 USD / 10 % / 16.993825805106 coins / 224.814585 USD
LTC / 2329412021 USD / 10 % / 85.431272535297 coins / 44.7196885 USD
ETC / 1488458592 USD / 10 % / 240.6244783362 coins / 15.87727035235 USD
DASH / 1386652697 USD / 9.6908906808352 % / 19.860450223695 coins / 186.419032726 USD
XEM / 1372267347 USD / 9.590355878893 % / 24030.020904655 coins / 0.1524741496 USD
MIOTA / 806183302 USD / 5.6341679970041 % / 7421.3523096666 coins / 0.290043 USD
XMR / 600317850 USD / 4.1954374521395 % / 39.545834399725 coins / 40.5314511 USD
STRAT / 512680669 USD / 3.5829680555235 % / 262.91802219672 coins / 5.2064083132 USD
BCC / 419175256 USD / 2.9294873841125 % / 16.090153636757 coins / 69.558 USD
VERI / 409717046 USD / 2.8633868534283 % / 5.2585441855467 coins / 208.032 USD
QTUM / 407485920 USD / 2.8477941976697 % / 136.17011840017 coins / 7.98992 USD
EOS / 400728396 USD / 2.8005679336608 % / 615.10047493905 coins / 1.739465 USD
ZEC / 371173836 USD / 2.5940201724948 % / 4.7612325628377 coins / 208.146733172 USD
ANS / 367054750 USD / 2.5652331429687 % / 133.5001160786 coins / 7.341095 USD
BTS / 353766437 USD / 2.4723651963701 % / 6934.062861147 coins / 0.1362198796 USD
STEEM / 326337322 USD / 2.2806715188457 % / 634.87244499065 coins / 1.37243538325 USD
WAVES / 321447500 USD / 2.2464980516515 % / 267.00023215721 coins / 3.214475 USD
ICN / 267928500 USD / 1.8724701645896 % / 267.00023215721 coins / 2.679285 USD
BCN / 262378844 USD / 1.8336853198129 % / 489017.8276222 coins / 0.0014325697 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/u/bittwenty.feed
You will find on the website the composition with the updated price of each coin and the total value of the index
https://s6.postimg.org/q34zagzb5/bit20_rev_2017_07_a.png
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
https://s6.postimg.org/iofni3dfl/bit20_rev_2017_07_b.png
Stop hesitating and start trading on the Bit20 market !!!
What is the circulating supply of this coin now, and in the future ?
For now a little more than 1 Bit20 is circulating, therefore you can count a market capitalisation of around 40,000$ at the moment. More coins will be created as traders short them in existence and the market grows.
How can I get some info on the development team ?
Just ask anything you like in this Telegram channel : https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg
Ico coin?
No need to have an ICO, BitShares have the structure already coded to accommodate such index fund in the form of a smartcoin.
The market is open and the index is already tradable. BitShares Decentralised Exchange pair (BTWTY : BTS)
The work to build this index has been done on my team and my free time during these last 18 months without the need of investors.
You can't invest in the creation of this index fund but you can definitively invest in the index itself which has proved itself an amazing investment on the last 18 months. The price has almost triple !
if not open ico selling how distribution bit20 coin
or all coin hand in dev
Coins are created by locking collateral (BTS) in the DEX of BitShares. Every Bit20 is fully backed by 200% of its value. Have a look here on how smartcoins works : https://bitshares.org/technology/price-stable-cryptocurrencies/
Have you got a slack channel?
I have a telegram group if you want some fast communication
https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg
What is the circulating supply of this coin now, and in the future ?
if not open ico selling how distribution bit20 coin
or all coin hand in dev
smart coins are created on bitshares when you borrow them using bts collateral, no ico, no premine, all smart coins are backed by bts via smart contracts
just like bitUSD and bitCNY
read about it on bts thread https://bitcointalksearch.org/topic/bts-bitshares-1-fastest-crypto-tokens-dex-icos-since-2014-unofficial-1949828
it's kinda what bancor wanted to do but has been working for years on bts, most blockchains are far ahead of eth lol
congrats on coinmarketcap add http://coinmarketcap.com/assets/bit20/
I'm not a lot of money coin people? Who will take it for such money? ;-)
Hello, please let me know.
Is there any distribution of these coins?
Some new coins are distributed in exchange for disclosure on Twitter and Facebook and et
Is there any distribution of these coins?
Some new coins are distributed in exchange for disclosure on Twitter and Facebook and et
How can I get some info on the development team ?
Ico coin?
No need to have an ICO, BitShares have the structure already coded to accommodate such index fund in the form of a smartcoin.
The market is open and the index is already tradable. BitShares Decentralised Exchange pair (BTWTY : BTS)
The work to build this index has been done on my team and my free time during these last 18 months without the need of investors.
You can't invest in the creation of this index fund but you can definitively invest in the index itself which has proved itself an amazing investment on the last 18 months. The price has almost triple !
if not open ico selling how distribution bit20 coin
or all coin hand in dev
Have you got a slack channel?
Bit20 - The cryptocurrency index fund [2017/06/21 - revision]
https://s6.postimg.org/nohmmh7pd/Bit20.png
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.
We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:
BTC / 44542132746 USD / 10 % / 1.9061466095515 coins / 2715.8 USD
ETH / 33003336242 USD / 10 % / 14.530392547647 coins / 356.267936 USD
LTC / 2397237239 USD / 10 % / 111.50421557899 coins / 46.4261636687 USD
ETC / 1979316830 USD / 10 % / 242.64982149599 coins / 21.3340893074 USD
XEM / 1845980243 USD / 10 % / 25238.849025675 coins / 0.2051089159 USD
DASH / 1390507483 USD / 7.9316982800247 % / 21.772912995834 coins / 188.583518 USD
BTS / 836220873 USD / 4.7699503535105 % / 7666.3167389237 coins / 0.322092925 USD
XMR / 733386040 USD / 4.1833624508888 % / 43.27768963159 coins / 50.0397937356 USD
STRAT / 726382700 USD / 4.143414172644 % / 290.65727715955 coins / 7.3795729682 USD
ZEC / 628094847 USD / 3.582763040508 % / 4.584192533031 coins / 404.5845749 USD
GNT / 548560810 USD / 3.129086960236 % / 2448.6880851165 coins / 0.6615127964 USD
BCN / 566387452 USD / 3.2307732491764 % / 540491.71858338 coins / 0.00309436485 USD
SC / 519890746 USD / 2.9655478925955 % / 79904.719168308 coins / 0.0192126202 USD
WAVES / 511334500 USD / 2.9167415664798 % / 295.2887762246 coins / 5.113345 USD
STEEM / 498055930 USD / 2.8409982769845 % / 693.03578728719 coins / 2.1221173388 USD
ANS / 417700750 USD / 2.382638253188 % / 147.6443881123 coins / 8.354015 USD
XLM / 381851379 USD / 2.1781471607078 % / 28786.277936949 coins / 0.0391702 USD
LSK / 363268932 USD / 2.0721496276412 % / 320.52465335415 coins / 3.346676683 USD
ICN / 295019175 USD / 1.6828410573335 % / 256.9012353154 coins / 3.391025 USD
DOGE / 348847571 USD / 1.9898876580814 % / 324451.39928504 coins / 0.0031749215 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/u/bittwenty.feed
You will find on the website the composition with the updated price of each coin and the total value of the index
https://s6.postimg.org/j37jebiyp/btwty_06_2017_a.jpg
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
https://s6.postimg.org/4y1qci9xd/btwty_06_2017_b.jpg
Stop hesitating and start trading on the Bit20 market !!!
Just another ICO scam. Scammer needs btc for more booze and drugs.
Please read above, it's not an ICO nor I'm looking for investments. It's an open and free market born in the cryptocurrency space. Feel free to use it if you wish, I'm not asking for anything, just announcing something that is already finished and available.
Yes it's a coin. You can find it here : https://bitshares.openledger.info/?r=estefantt#/market/BTWTY_BTS
For more information on how to buy and sell it, please consult the FAQ on the website : http://www.bittwenty.com/faq.php
Just another ICO scam. Scammer needs btc for more booze and drugs.
Please read above, it's not an ICO nor I'm looking for investments. It's an open and free market born in the cryptocurrency space. Feel free to use it if you wish, I'm not asking for anything, just announcing something that is already finished and available.
Bit20 - The cryptocurrency index fund [2017/05/21 - revision]
https://s6.postimg.org/nohmmh7pd/Bit20.png
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.
We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:
BTC / 33466725332 USD / 10 % / 1.3560949564735 coins / 2047.895 USD
ETH / 11377850088 USD / 10 % / 22.402660303053 coins / 123.9647454061 USD
XEM / 1987540515 USD / 10 % / 12575.472318352 coins / 0.220837835 USD
LTC / 1382715584 USD / 10 % / 102.82128131986 coins / 27.009389936 USD
DASH / 725308576 USD / 8.5034181874375 % / 23.794811670675 coins / 99.2450951061 USD
ETC / 655379046 USD / 7.6835739764117 % / 298.94180280172 coins / 7.137965 USD
XLM / 517353271 USD / 6.0653787360591 % / 31141.759425676 coins / 0.05408945 USD
XMR / 499540382 USD / 5.8565428704628 % / 47.191958490703 coins / 34.4644309352 USD
BCN / 437629790 USD / 5.1307115878504 % / 595554.65992168 coins / 0.00239251 USD
STEEM / 277727491 USD / 3.2560389829456 % / 760.23611010903 coins / 1.18943 USD
SC / 249203834 USD / 2.9216315435029 % / 85067.716440735 coins / 0.009538025 USD
BTS / 222005577 USD / 2.6027629117326 % / 8470.0114148986 coins / 0.0853391672 USD
DOGE / 205890538 USD / 2.4138324064853 % / 356364.47325837 coins / 0.001881094 USD
GNT / 205929879 USD / 2.4142936349693 % / 2685.6849971206 coins / 0.2496507084 USD
GAME / 205699490 USD / 2.411592585957 % / 204.41014892712 coins / 3.2764177632 USD
GNO / 199808181 USD / 2.3425236878961 % / 3.5964135044609 coins / 180.889 USD
STRAT / 194427340 USD / 2.2794394465992 % / 320.35403935923 coins / 1.976039591 USD
REP / 191425862 USD / 2.2442505305172 % / 35.814690065416 coins / 17.4023510701 USD
MAID / 165105928 USD / 1.9356792370382 % / 1473.4567627467 coins / 0.3648327205 USD
WAVES / 165332000 USD / 1.938329674135 % / 325.58809111446 coins / 1.65332 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/u/bittwenty.feed
You will find on the website the composition with the updated price of each coin and the total value of the index
https://s6.postimg.org/um0zleypt/bit20_05_17_aa.png
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
https://s6.postimg.org/x4mom3kg1/bit20_05_17_b.png
Stop hesitating and start trading on the Bit20 market !!!
https://s6.postimg.org/nohmmh7pd/Bit20.png
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.
We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:
BTC / 20065294344 USD / 10 % / 0.87291578470716 coins / 1232.16 USD
ETH / 4514306085 USD / 10 % / 21.657976132206 coins / 49.6617 USD
LTC / 521706945 USD / 10 % / 104.60319704396 coins / 10.2824 USD
DASH / 518522510 USD / 10 % / 15.024283279737 coins / 71.5889 USD
ETC / 299964083 USD / 10 % / 325.8380683335 coins / 3.30094 USD
XMR / 284572267 USD / 9.7381502379009 % / 52.737191583632 coins / 19.8609 USD
XEM / 258080400 USD / 8.8315904257022 % / 33125.76061711 coins / 0.0286756 USD
REP / 124573900 USD / 4.2629570573061 % / 40.487040754245 coins / 11.3249 USD
MAID / 96360175 USD / 3.2974747363573 % / 1665.6825428515 coins / 0.212926 USD
PIVX / 90309478 USD / 3.0904180296332 % / 195.32638948038 coins / 1.70175 USD
GNT / 82415740 USD / 2.8202918947396 % / 3018.1248562256 coins / 0.100507 USD
ZEC / 76101209 USD / 2.6042067076336 % / 4.1610326198034 coins / 67.3153 USD
DCR / 67929548 USD / 2.3245699624577 % / 17.367134575901 coins / 14.3964 USD
STRAT / 66212668 USD / 2.2658178023941 % / 362.00496263059 coins / 0.673209 USD
BCC / 61536964 USD / 2.1058137777575 % / 22.487853870314 coins / 10.0719 USD
FCT / 57496920 USD / 1.9675622332396 % / 32.217448851248 coins / 6.56866 USD
STEEM / 52623698 USD / 1.8007990820761 % / 864.60149456975 coins / 0.224021 USD
GAME / 48655793 USD / 1.6650161562589 % / 228.63519536375 coins / 0.783276 USD
DOGE / 48023587 USD / 1.6433818730794 % / 401328.55895373 coins / 0.000440431 USD
WAVES / 46228400 USD / 1.5819500234637 % / 368.06400685678 coins / 0.462284 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/u/bittwenty.feed
You will find on the website the composition with the updated price of each coin and the total value of the index
https://s6.postimg.org/wugv9n03l/bit20_04_17_a.png
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
https://s6.postimg.org/4ivbclg75/bit20_04_17_b.png
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.
We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:
BTC / 20065294344 USD / 10 % / 0.87291578470716 coins / 1232.16 USD
ETH / 4514306085 USD / 10 % / 21.657976132206 coins / 49.6617 USD
LTC / 521706945 USD / 10 % / 104.60319704396 coins / 10.2824 USD
DASH / 518522510 USD / 10 % / 15.024283279737 coins / 71.5889 USD
ETC / 299964083 USD / 10 % / 325.8380683335 coins / 3.30094 USD
XMR / 284572267 USD / 9.7381502379009 % / 52.737191583632 coins / 19.8609 USD
XEM / 258080400 USD / 8.8315904257022 % / 33125.76061711 coins / 0.0286756 USD
REP / 124573900 USD / 4.2629570573061 % / 40.487040754245 coins / 11.3249 USD
MAID / 96360175 USD / 3.2974747363573 % / 1665.6825428515 coins / 0.212926 USD
PIVX / 90309478 USD / 3.0904180296332 % / 195.32638948038 coins / 1.70175 USD
GNT / 82415740 USD / 2.8202918947396 % / 3018.1248562256 coins / 0.100507 USD
ZEC / 76101209 USD / 2.6042067076336 % / 4.1610326198034 coins / 67.3153 USD
DCR / 67929548 USD / 2.3245699624577 % / 17.367134575901 coins / 14.3964 USD
STRAT / 66212668 USD / 2.2658178023941 % / 362.00496263059 coins / 0.673209 USD
BCC / 61536964 USD / 2.1058137777575 % / 22.487853870314 coins / 10.0719 USD
FCT / 57496920 USD / 1.9675622332396 % / 32.217448851248 coins / 6.56866 USD
STEEM / 52623698 USD / 1.8007990820761 % / 864.60149456975 coins / 0.224021 USD
GAME / 48655793 USD / 1.6650161562589 % / 228.63519536375 coins / 0.783276 USD
DOGE / 48023587 USD / 1.6433818730794 % / 401328.55895373 coins / 0.000440431 USD
WAVES / 46228400 USD / 1.5819500234637 % / 368.06400685678 coins / 0.462284 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/u/bittwenty.feed
You will find on the website the composition with the updated price of each coin and the total value of the index
https://s6.postimg.org/wugv9n03l/bit20_04_17_a.png
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
https://s6.postimg.org/4ivbclg75/bit20_04_17_b.png
Don't hesitate anymore and start trading on the Bit20 market !!!
Hi,
I've came across this indexed asset and it really interested me. It gives strong weight to the altcoins and i believe that with time, the altcoins becoming more relevant, the Index could be a good measure of the crytomarket in general. But for me the problem is that as I write this message, the real value of the index is around 1100000BTS but the lowest price to buy is around 1500000BTS.
I don't understand why you allow such discrepancy between the real value of your product and the market value. I understand you idea of premium and how in the long run it may be worth it. I believe you shouln't allow so much premium, since it is only speculative. It runs in the belief that the coins will become more valuable.
Finally, it is really strange that you want people to pay more than the intrinsic value, 1.4 times more. I seems that this practice only benefit the current holders of the asset while penalising the buyers. Another evidence is that the forced settlement would not allow the same phenomena to occur the oder way around, the holders having to sell it at a loss.
Therefore, I don't believe bit20 is worth buying it is criminaly overvalued, but I will try to replicate your idea of the Index. If you have a reason for this premium and how it helps your product, I would like to hear.
Thanks for your contribution
I've came across this indexed asset and it really interested me. It gives strong weight to the altcoins and i believe that with time, the altcoins becoming more relevant, the Index could be a good measure of the crytomarket in general. But for me the problem is that as I write this message, the real value of the index is around 1100000BTS but the lowest price to buy is around 1500000BTS.
I don't understand why you allow such discrepancy between the real value of your product and the market value. I understand you idea of premium and how in the long run it may be worth it. I believe you shouln't allow so much premium, since it is only speculative. It runs in the belief that the coins will become more valuable.
Finally, it is really strange that you want people to pay more than the intrinsic value, 1.4 times more. I seems that this practice only benefit the current holders of the asset while penalising the buyers. Another evidence is that the forced settlement would not allow the same phenomena to occur the oder way around, the holders having to sell it at a loss.
Therefore, I don't believe bit20 is worth buying it is criminaly overvalued, but I will try to replicate your idea of the Index. If you have a reason for this premium and how it helps your product, I would like to hear.
Thanks for your contribution
I don't understand why you allow such discrepancy between the real value of your product and the market value
I don't allow anything. I've created this market, I'm not selling BTWTY. The market is evolving naturally following the free market laws. Traders are buying and selling with a premium because they expect this asset to keep performing as it did so far ... almost 1000% since July 2015.
This premium is probably there to stay. You buy with a premium but you will be able to sell with this premium too, maybe even more.
It's not a problem, just a healthy reaction of the market contemplating a promising index.
I believe you shouln't allow so much premium
As I mentioned previously, I've only created this market. All I can do is observe it or trade on just like you. I find this premium quite interesting because it allows you to buy with a very low premium some days and sell it back with a higher premium later. I've seen traders selling their BTWTY at 23000$ when the actual price is barely over 10000$. You can't tell me that it's not interresting
It runs in the belief that the coins will become more valuable.
So far it did extremely well ... have a look at the charts : www.bittwenty.com
I don't believe bit20 is worth buying it is criminaly overvalued
It doesn't matter to buy with a premium if you are able to sell later with the same premium. So far the premium oscillates between 120 and 140%. You can be pretty confident buying at 120-130% that you will be able to sell with a higher premium that you bought. That will allow you to win also on the premium, not only on the trade itself.
I hope this answers your questions ^^
Hi,
I've came across this indexed asset and it really interested me. It gives strong weight to the altcoins and i believe that with time, the altcoins becoming more relevant, the Index could be a good measure of the crytomarket in general. But for me the problem is that as I write this message, the real value of the index is around 1100000BTS but the lowest price to buy is around 1500000BTS.
I don't understand why you allow such discrepancy between the real value of your product and the market value. I understand you idea of premium and how in the long run it may be worth it. I believe you shouln't allow so much premium, since it is only speculative. It runs in the belief that the coins will become more valuable.
Finally, it is really strange that you want people to pay more than the intrinsic value, 1.4 times more. I seems that this practice only benefit the current holders of the asset while penalising the buyers. Another evidence is that the forced settlement would not allow the same phenomena to occur the oder way around, the holders having to sell it at a loss.
Therefore, I don't believe bit20 is worth buying it is criminaly overvalued, but I will try to replicate your idea of the Index. If you have a reason for this premium and how it helps your product, I would like to hear.
Thanks for your contribution
I've came across this indexed asset and it really interested me. It gives strong weight to the altcoins and i believe that with time, the altcoins becoming more relevant, the Index could be a good measure of the crytomarket in general. But for me the problem is that as I write this message, the real value of the index is around 1100000BTS but the lowest price to buy is around 1500000BTS.
I don't understand why you allow such discrepancy between the real value of your product and the market value. I understand you idea of premium and how in the long run it may be worth it. I believe you shouln't allow so much premium, since it is only speculative. It runs in the belief that the coins will become more valuable.
Finally, it is really strange that you want people to pay more than the intrinsic value, 1.4 times more. I seems that this practice only benefit the current holders of the asset while penalising the buyers. Another evidence is that the forced settlement would not allow the same phenomena to occur the oder way around, the holders having to sell it at a loss.
Therefore, I don't believe bit20 is worth buying it is criminaly overvalued, but I will try to replicate your idea of the Index. If you have a reason for this premium and how it helps your product, I would like to hear.
Thanks for your contribution
very interesting project, good luck
okay i'll not hesitate anymore and will start trading on the Bit20 market
Bit20 - The cryptocurrency index fund [2017/03/21 - revision]
https://s6.postimg.org/nohmmh7pd/Bit20.png
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.
We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:
BTC / 17078016203 USD / 10 % / 0.71737160102544 coins / 1052.425 USD
ETH / 3902138422 USD / 10 % / 17.403091633042 coins / 43.3819359875 USD
DASH / 717509157 USD / 10 % / 7.5515538083525 coins / 99.97675 USD
XMR / 319067298 USD / 10 % / 33.482640328029 coins / 22.5483952225 USD
LTC / 203245289 USD / 10 % / 186.74837820383 coins / 4.042765 USD
ETC / 174312828 USD / 10 % / 389.40794953477 coins / 1.9387888925 USD
XEM / 125694023 USD / 7.6246819628123 % / 41217.813889948 coins / 0.0139660025 USD
REP / 91378026 USD / 5.543051053745 % / 50.377328222237 coins / 8.3070932175 USD
MAID / 79586715 USD / 4.8277823865975 % / 2072.5801242003 coins / 0.1758618725 USD
ZEC / 66460478 USD / 4.0315362318102 % / 4.159935940413 coins / 73.1676759125 USD
GNT / 45441247 USD / 2.7564958786354 % / 3755.4007978812 coins / 0.055416155 USD
STEEM / 45195613 USD / 2.7415955589181 % / 1071.36165308 coins / 0.193198 USD
FCT / 31138767 USD / 1.8888980511756 % / 40.087617107078 coins / 3.5574074725 USD
ICN / 30978873 USD / 1.8791987761531 % / 398.43886601788 coins / 0.356079 USD
WAVES / 28453000 USD / 1.7259776615464 % / 457.97570806653 coins / 0.28453 USD
LSK / 25866417 USD / 1.569073838479 % / 479.12906531574 coins / 0.24724425 USD
DCR / 25329008 USD / 1.5364742556894 % / 18.632346478303 coins / 6.22577 USD
DOGE / 25137413 USD / 1.5248519771928 % / 497450.57362211 coins / 0.0002314265 USD
MLN / 19391789 USD / 1.1763186529161 % / 2.7451064224628 coins / 32.352 USD
ARDR / 19354616 USD / 1.1740637143292 % / 4575.174959717 coins / 0.019374 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/u/bittwenty.feed
You will find on the website the composition with the updated price of each coin and the total value of the index
https://s6.postimg.org/5xskeuitd/bit20_03_2017_1.png
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
https://s6.postimg.org/sb0b1njr5/bit20_03_2017_2.png
We are currently working on tracking data from Bit20 market to create a review of the coins movements inside the index, the volume traded, the trends of buyers and sellers and lots of other interesting information. We'll have this report ready in the course of the next weeks and will publish it on a regular basis.
Don't hesitate anymore and start trading on the Bit20 market !!!
Bit20 - The cryptocurrency index fund [2017/02/21 - revision]
https://s6.postimg.org/nohmmh7pd/Bit20.png
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.
We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:
BTC / 17516781304 USD / 10 % / 0.35764448027206 coins / 1082.98 USD
ETH / 1093988858 USD / 10 % / 31.535251112308 coins / 12.282185985 USD
LTC / 188177083 USD / 10 % / 102.66118427817 coins / 3.7728165905 USD
XMR / 170694161 USD / 10 % / 31.650453499685 coins / 12.2374808705 USD
DASH / 153665136 USD / 10 % / 17.929543009296 coins / 21.602436774 USD
ETC / 108423625 USD / 10 % / 318.04402578721 coins / 1.2178245395 USD
MAID / 87362348 USD / 8.1295085045543 % / 1631.1009486613 coins / 0.193043602 USD
XEM / 58631261 USD / 5.4559354898777 % / 32438.02977186 coins / 0.0065145845 USD
REP / 55544720 USD / 5.1687172330017 % / 39.646480494174 coins / 5.04952 USD
ICN / 30309495 USD / 2.8204518652732 % / 313.56761845392 coins / 0.348385 USD
STEEM / 27511086 USD / 2.5600457488451 % / 848.35863859789 coins / 0.11688 USD
FCT / 25827208 USD / 2.4033523811069 % / 31.548575757129 coins / 2.950595373 USD
WAVES / 24585200 USD / 2.2877772525776 % / 360.42254994703 coins / 0.245852 USD
DOGE / 22263906 USD / 2.0717691009358 % / 390097.07064559 coins / 0.000205703 USD
ZEC / 21920735 USD / 2.0398353030596 % / 2.5509586535325 coins / 30.9716004 USD
GNT / 20447381 USD / 1.9027322586998 % / 2955.4649081203 coins / 0.0249358305 USD
ARDR / 15447786 USD / 1.4374946477347 % / 3600.6194692076 coins / 0.015463257 USD
XLM / 14379854 USD / 1.3381181717695 % / 25183.78837 coins / 0.002058 USD
LSK / 12733358 USD / 1.1849033882713 % / 372.73925570135 coins / 0.123126 USD
GAME / 12888699 USD / 1.1993586542928 % / 219.16845517392 coins / 0.21195467 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/u/bittwenty.feed
You will find on the website the composition with the updated price of each coin and the total value of the index
https://s6.postimg.org/lehw2phvl/rev02_1.png
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
https://s6.postimg.org/jnyv180ch/rev02_2.png
We are currently working on tracking data from Bit20 market to create a review of the coins movements inside the index, the volume traded, the trends of buyers and sellers and lots of other interesting information. We'll have this report ready in the course of the next weeks and will publish it on a regular basis.
Don't hesitate anymore and have a look on the Bit20 market !!!
Market settings changes
Hello dear traders and investors,
Bit20 has been evolving nicely since it's inception in December 2016. We are happy to observe that traders are buying and selling much higher than the "theoric" index price.
Why is that ?
Well, simply because they saw what Bit20 has performed very well in the last 18 months and deduce they can buy it even with a 50% premium, it's still a good investment with lots of potentials.
This market has been created with some very specific settings. These settings have been adjusted before the market was born.
Now that we have seen the price stabilising around 140% of the theoric asset price, we can adjust the market settings to fit better its trading environment.
2 changes:
The MSSR: When a shorter have its collateral falling below 175% of the price feed, a margin call will happen. A buy order will be automatically created in the market to buy back its undercollateralized asset(s).
This process guarantee that all smartcoins on the BitShares decentralised exchange are always well collateralised.
The MSSR is set at 110% at the moment. This would be good for gold or dollars because they are traded close to the price feed. No need then to buy back much higher.
In our Bit20 market, the asset is traded around 140% of the price feed. A buy back at 110% wouldn't be bought anytime soon. We will increase this value progressively until it reaches a value where it can be bought. It will be somewhere between 120% and 140%
What does it change for you concretely?
Really not much.
For the buyer, nothing at all.
For the shorter, you still can borrow BTWTY with the usual 175% collateral, the only difference is the price of the margin call if your collateral falls under the limit. If you are aware of what you do when you short BTWTY, that limit shouldn't be reached. If it is, the price you will be margin call will probably be around the one you sold and maybe cheaper, the spread is still wide. We won't raise this value until the point it is discouraging shorters, our goal is to incentive as many as possible!
Second change. After receiving some requests, we will enable the force settlement setting.
This option allows anyone with BTWTYs to force the market to buy the asset(s) they own at the price feed. The fact that this market is traded much higher than the theoric price feed make this option irrelevant because it's easy to sell at a better price than the price feed.
In order to let everyone consider this information, we will wait for 48h before operating any change.
Happy trading!
Hello dear traders and investors,
Bit20 has been evolving nicely since it's inception in December 2016. We are happy to observe that traders are buying and selling much higher than the "theoric" index price.
Why is that ?
Well, simply because they saw what Bit20 has performed very well in the last 18 months and deduce they can buy it even with a 50% premium, it's still a good investment with lots of potentials.
This market has been created with some very specific settings. These settings have been adjusted before the market was born.
Now that we have seen the price stabilising around 140% of the theoric asset price, we can adjust the market settings to fit better its trading environment.
2 changes:
The MSSR: When a shorter have its collateral falling below 175% of the price feed, a margin call will happen. A buy order will be automatically created in the market to buy back its undercollateralized asset(s).
This process guarantee that all smartcoins on the BitShares decentralised exchange are always well collateralised.
The MSSR is set at 110% at the moment. This would be good for gold or dollars because they are traded close to the price feed. No need then to buy back much higher.
In our Bit20 market, the asset is traded around 140% of the price feed. A buy back at 110% wouldn't be bought anytime soon. We will increase this value progressively until it reaches a value where it can be bought. It will be somewhere between 120% and 140%
What does it change for you concretely?
Really not much.
For the buyer, nothing at all.
For the shorter, you still can borrow BTWTY with the usual 175% collateral, the only difference is the price of the margin call if your collateral falls under the limit. If you are aware of what you do when you short BTWTY, that limit shouldn't be reached. If it is, the price you will be margin call will probably be around the one you sold and maybe cheaper, the spread is still wide. We won't raise this value until the point it is discouraging shorters, our goal is to incentive as many as possible!
Second change. After receiving some requests, we will enable the force settlement setting.
This option allows anyone with BTWTYs to force the market to buy the asset(s) they own at the price feed. The fact that this market is traded much higher than the theoric price feed make this option irrelevant because it's easy to sell at a better price than the price feed.
In order to let everyone consider this information, we will wait for 48h before operating any change.
Happy trading!
https://s6.postimg.org/nohmmh7pd/Bit20.png
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.
We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:
BTC / 10 % / 0.3854773219037 coins / 895.6 USD
ETH / 10 % / 32.498852891548 coins / 10.62294385125 USD
LTC / 10 % / 88.565054250129 coins / 3.8980779995 USD
XMR / 10 % / 28.92826512812 coins / 11.93412352825 USD
ETC / 10 % / 257.36612183967 coins / 1.34141 USD
DASH / 10 % / 22.706874335723 coins / 15.2039195 USD
MAID / 5.605192749948 % / 1657.516765057 coins / 0.116746949 USD
REP / 5.1693273075855 % / 40.288558071114 coins / 4.4296072885 USD
STEEM / 3.924900604758 % / 846.10289746884 coins / 0.16014684925 USD
ICN / 3.5907407484569 % / 318.64586951525 coins / 0.389035 USD
XEM / 3.3896076556812 % / 32963.365811923 coins / 0.00355002 USD
FCT / 2.6409348553145 % / 32.059506452613 coins / 2.843896418 USD
WAVES / 2.4919257838923 % / 366.25962013247 coins / 0.234887 USD
DOGE / 2.3550144139601 % / 394851.50216399 coins / 0.00020590775 USD
ZEC / 2.2434315986638 % / 1.7798610600765 coins / 43.515066239 USD
DGD / 1.8400299274678 % / 7.3251924026494 coins / 8.67199 USD
GNT / 1.7529318236962 % / 3003.3288850863 coins / 0.02015 USD
XLM / 1.7311981425606 % / 25350.785156319 coins / 0.00235759 USD
LSK / 1.678530301772 % / 373.9432348432 coins / 0.154966 USD
USDT / 1.5862340862431 % / 54.761565259618 coins / 1.00001 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/tx/e07772ffc581ca5d64d0c58bffa91be5a2b8113d
You will find on the website the composition with the updated price of each coin and the total value of the index
https://s6.postimg.org/o0d1wkibl/bit20a_22_01_17.png
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
https://s6.postimg.org/qt69glio1/bit20_22_01_17.png
We are currently working on tracking data from Bit20 market to create a review of the coins movements inside the index, the volume traded, the trends of buyers and sellers and lots of other interesting information. We'll have this report ready in the course of the next months and will publish it on a regular basis.
Don't hesitate anymore and have a look on the Bit20 market !!!
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.
We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:
BTC / 10 % / 0.3854773219037 coins / 895.6 USD
ETH / 10 % / 32.498852891548 coins / 10.62294385125 USD
LTC / 10 % / 88.565054250129 coins / 3.8980779995 USD
XMR / 10 % / 28.92826512812 coins / 11.93412352825 USD
ETC / 10 % / 257.36612183967 coins / 1.34141 USD
DASH / 10 % / 22.706874335723 coins / 15.2039195 USD
MAID / 5.605192749948 % / 1657.516765057 coins / 0.116746949 USD
REP / 5.1693273075855 % / 40.288558071114 coins / 4.4296072885 USD
STEEM / 3.924900604758 % / 846.10289746884 coins / 0.16014684925 USD
ICN / 3.5907407484569 % / 318.64586951525 coins / 0.389035 USD
XEM / 3.3896076556812 % / 32963.365811923 coins / 0.00355002 USD
FCT / 2.6409348553145 % / 32.059506452613 coins / 2.843896418 USD
WAVES / 2.4919257838923 % / 366.25962013247 coins / 0.234887 USD
DOGE / 2.3550144139601 % / 394851.50216399 coins / 0.00020590775 USD
ZEC / 2.2434315986638 % / 1.7798610600765 coins / 43.515066239 USD
DGD / 1.8400299274678 % / 7.3251924026494 coins / 8.67199 USD
GNT / 1.7529318236962 % / 3003.3288850863 coins / 0.02015 USD
XLM / 1.7311981425606 % / 25350.785156319 coins / 0.00235759 USD
LSK / 1.678530301772 % / 373.9432348432 coins / 0.154966 USD
USDT / 1.5862340862431 % / 54.761565259618 coins / 1.00001 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/tx/e07772ffc581ca5d64d0c58bffa91be5a2b8113d
You will find on the website the composition with the updated price of each coin and the total value of the index
https://s6.postimg.org/o0d1wkibl/bit20a_22_01_17.png
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
https://s6.postimg.org/qt69glio1/bit20_22_01_17.png
We are currently working on tracking data from Bit20 market to create a review of the coins movements inside the index, the volume traded, the trends of buyers and sellers and lots of other interesting information. We'll have this report ready in the course of the next months and will publish it on a regular basis.
Don't hesitate anymore and have a look on the Bit20 market !!!
I would invite you to list Bit20 on iconomifunds.com!
I understand the name is Iconomi Funds but here we are on bitcointalk talking about other coins
Anyway I really look forward to helping fund managers like you get your name out, I believe these types of funds are the true on-ramp into crypto for the masses.
Take care!
I understand the name is Iconomi Funds but here we are on bitcointalk talking about other coins
Anyway I really look forward to helping fund managers like you get your name out, I believe these types of funds are the true on-ramp into crypto for the masses.Take care!
if you want post about annoucment thread your coin
you can post in annocument altcoin section https://bitcointalk.org/index.php?board=159.0
in marketplaced altcoin i think only selling, bouny twitter campaign,facebook campaign , signature campaign, pay use altcoin
you can post in annocument altcoin section https://bitcointalk.org/index.php?board=159.0
in marketplaced altcoin i think only selling, bouny twitter campaign,facebook campaign , signature campaign, pay use altcoin
I've contacted a moderator to move this thread back in "Altcoin announcement" where I originally created it at the first place.
Thanks for your observation, I didn't realise this thread had been moved.
if you want post about annoucment thread your coin
you can post in annocument altcoin section https://bitcointalk.org/index.php?board=159.0
in marketplaced altcoin i think only selling, bouny twitter campaign,facebook campaign , signature campaign, pay use altcoin
you can post in annocument altcoin section https://bitcointalk.org/index.php?board=159.0
in marketplaced altcoin i think only selling, bouny twitter campaign,facebook campaign , signature campaign, pay use altcoin
Agree with your thought,better to move this topic in annocument altcoin section
Seems your thread is interesting, browsing many of new coin price future. thanks OP
I have initially opened this thread in the announcement altcoin but it seems that a moderator moved my thread. I'll contact him and ask him to move me back.
SmartCoins in the BitShares ecosystem, Bit20 for example, always have 100% or more of their value backed by the BitShares core currency, BTS, to which they can be converted at any time at an exchange rate set by a trustworthy price feed. In all but the most extreme market conditions, SmartCoins are guaranteed to be worth at least their face value (and perhaps more, in some circumstances). Like any other cryptocurrency, SmartCoins are fungible, divisible, and free from any restrictions.
You'll find the whole explanation in this page of the website BitShares.org that explain how the BitUSD and other smartcoin collateral works. In the case of BitUSD the value is pegged to the dollar, in the case of Bit20 the value is directly created by the witnesses. The collateral system that guarantees your asset is exactly the same.
Have a look, you 'll find it completely reassuring: https://bitshares.org/technology/price-stable-cryptocurrencies/
As far as I read and understand. There are SmartCoin and UIA on bitshares. Bit20 is not SmartCoin, it UIA.
SmartCoin have this guaranteed mechanism and not UIA !??
Thanks
Indeed there is Smartcoins and UIAs (user issued asset) on the BitShares platform. Bit20 (symbol BTWTY) is a smartcoin and not an UIA.
Please, have a look on this independent BitShares blockchain explorer and you'll see the % locked in collateral, the actual markets available, the orders book, parameter of the smartcoin, ...
http://cryptofresh.com/a/BTWTY
while there are some huge exchanges around, another exchanges alike but i can say "exclusive" for Bittwenty has been created, i wish you have a very good plan to execute to be able to compete with the reigning sites.
I'm not sure to fully understand your question. The only place where Bit20 is beeing traded at the moment is on the BitShares Decentralised Exchange and other exchanges using the underlying platform such as Open Ledger or Freedom Ledger.
Bit20 is unique and I don't need to compete with anyone at the moment.
Could you tell me which are these "exchanges alike but i can say "exclusive" for Bittwenty has been created" ?
if you want post about annoucment thread your coin
you can post in annocument altcoin section https://bitcointalk.org/index.php?board=159.0
in marketplaced altcoin i think only selling, bouny twitter campaign,facebook campaign , signature campaign, pay use altcoin
you can post in annocument altcoin section https://bitcointalk.org/index.php?board=159.0
in marketplaced altcoin i think only selling, bouny twitter campaign,facebook campaign , signature campaign, pay use altcoin
Agree with your thought,better to move this topic in annocument altcoin section
Seems your thread is interesting, browsing many of new coin price future. thanks OP
already closed?
SmartCoins in the BitShares ecosystem, Bit20 for example, always have 100% or more of their value backed by the BitShares core currency, BTS, to which they can be converted at any time at an exchange rate set by a trustworthy price feed. In all but the most extreme market conditions, SmartCoins are guaranteed to be worth at least their face value (and perhaps more, in some circumstances). Like any other cryptocurrency, SmartCoins are fungible, divisible, and free from any restrictions.
You'll find the whole explanation in this page of the website BitShares.org that explain how the BitUSD and other smartcoin collateral works. In the case of BitUSD the value is pegged to the dollar, in the case of Bit20 the value is directly created by the witnesses. The collateral system that guarantees your asset is exactly the same.
Have a look, you 'll find it completely reassuring: https://bitshares.org/technology/price-stable-cryptocurrencies/
As far as I read and understand. There are SmartCoin and UIA on bitshares. Bit20 is not SmartCoin, it UIA.
SmartCoin have this guaranteed mechanism and not UIA !??
Thanks
while there are some huge exchanges around, another exchanges alike but i can say "exclusive" for Bittwenty has been created, i wish you have a very good plan to execute to be able to compete with the reigning sites.
if you want post about annoucment thread your coin
you can post in annocument altcoin section https://bitcointalk.org/index.php?board=159.0
in marketplaced altcoin i think only selling, bouny twitter campaign,facebook campaign , signature campaign, pay use altcoin
you can post in annocument altcoin section https://bitcointalk.org/index.php?board=159.0
in marketplaced altcoin i think only selling, bouny twitter campaign,facebook campaign , signature campaign, pay use altcoin
Hello,
Very interesting asset.
I'm interesting to buy some!
But before I need to fill that my investment is safe.
You wrote on your site FAQ:
Can you please clarify (or point me to more info) regarding the protection I have as investor in the asset in case on bankruptcy etc.
Thank you
Very interesting asset.
I'm interesting to buy some!
But before I need to fill that my investment is safe.
You wrote on your site FAQ:
Quote
How secure is BTWTY ?
BTWTY is a smartcoin in the BitShares blockchain and does possess the same properties as the core asset BTS. We can agree that Blockchain technology has demonstrated so far that is more reliable than centralised online exchanges.
Can you please clearly what mechanism protect my from
BTWTY is a smartcoin in the BitShares blockchain and does possess the same properties as the core asset BTS. We can agree that Blockchain technology has demonstrated so far that is more reliable than centralised online exchanges.
Can you please clearly what mechanism protect my from
Can you please clarify (or point me to more info) regarding the protection I have as investor in the asset in case on bankruptcy etc.
Thank you
That's a very good question Mostar !
SmartCoins in the BitShares ecosystem, Bit20 for example, always have 100% or more of their value backed by the BitShares core currency, BTS, to which they can be converted at any time at an exchange rate set by a trustworthy price feed. In all but the most extreme market conditions, SmartCoins are guaranteed to be worth at least their face value (and perhaps more, in some circumstances). Like any other cryptocurrency, SmartCoins are fungible, divisible, and free from any restrictions.
You'll find the whole explanation in this page of the website BitShares.org that explain how the BitUSD and other smartcoin collateral works. In the case of BitUSD the value is pegged to the dollar, in the case of Bit20 the value is directly created by the witnesses. The collateral system that guarantees your asset is exactly the same.
Have a look, you 'll find it completely reassuring: https://bitshares.org/technology/price-stable-cryptocurrencies/
Hello,
Very interesting asset.
I'm interesting to buy some!
But before I need to fill that my investment is safe.
You wrote on your site FAQ:
Can you please clarify (or point me to more info) regarding the protection I have as investor in the asset in case on bankruptcy etc.
Thank you
Very interesting asset.
I'm interesting to buy some!
But before I need to fill that my investment is safe.
You wrote on your site FAQ:
Quote
How secure is BTWTY ?
BTWTY is a smartcoin in the BitShares blockchain and does possess the same properties as the core asset BTS. We can agree that Blockchain technology has demonstrated so far that is more reliable than centralised online exchanges.
Can you plase clerpy what mecanisve protcet my from
BTWTY is a smartcoin in the BitShares blockchain and does possess the same properties as the core asset BTS. We can agree that Blockchain technology has demonstrated so far that is more reliable than centralised online exchanges.
Can you plase clerpy what mecanisve protcet my from
Can you please clarify (or point me to more info) regarding the protection I have as investor in the asset in case on bankruptcy etc.
Thank you
Just buy something that will track this soon economic Cambrian explosion.
A promising investment I would say
The market is growing nicely, you will be able to say to your grand children that you has been on of the first persons to buy BTWTYs when it was only around 3k/BTWTY back in the days !!!
Just buy something that will track this soon economic Cambrian explosion.
Some data on the current market :
Even if we've been collecting data for over 18 months (available on the website), it has been done privately. The market itself was just born last Friday and what you see is its first baby steps
Even if we've been collecting data for over 18 months (available on the website), it has been done privately. The market itself was just born last Friday and what you see is its first baby steps
just share details https://bitcointalksearch.org/topic/ann-icocoinscom-initial-coin-offering-portal-alive-free-1699522
I'll investigate this website this weekend and see if it fits my project. Thanks fro the link
Bit by bit I read what u wrote and my impression was that ur index will be delisted from openledger if it ever gets there coz a punisher in a grey mantle appears and closes damn thread before the listing, thus burning ur low-effort posts.
Open ledger is a decentralised exchange, there is no "delisting" coins like a centralised exchange. What they could if someone would try to scam people with a token on the platform is to have it removed from the gui.
In any case, the token would remain on the BitShares Decentralised Exchange and still have its market alive.
(That was just for some basic information on Bitshares and Open Ledger.)
Now, I know Ronny Boesing, we've talked about Bit20 and he likes the idea. I'm sure is he very happy with this project because it can bring him more volume on his markets Open.xxx.
It seems that the project is not well understood by everyone. I'm not here to ask money. It's not an ICO, I'm not asking for investments. I'm only announcing the project. Bittwenty is a crypto currency index fund. It's finished and the market is open, available to everyone.
It's a tool in the cryptocurrency world that you can choose to use or not.
good luck for this project, i wish you
i want to know how much total suplly bit20 coin? can anyone tell me
Bit by bit I read what u wrote and my impression was that ur index will be delisted from openledger if it ever gets there coz a punisher in a grey mantle appears and closes damn thread before the listing, thus burning ur low-effort posts.
where I could see the team working on your project, I thought maybe it should be more open to the public on this thread
The team has done all the work before launching the project. The project is finished and the market is open and order books are growing!
Have a look, this the main market pair at the moment: BTWTY : BTS
You can also see the state of the market on this independent website: http://cryptofresh.com/a/BTWTY
If you want to speak with team members in private, just send us an email (the email is on the website) or send me a PM in this forum.
If you want to see the work that has been done, just go and read this: http://www.bittwenty.com/bit20.php
If you have more question just shoot
We can't be more transparent than that. All the explanations on the website aim to allow anyone to understand how the index composition and price is made.
Once you understand it (it's not complicated) you can verify any data on the website or in the decentralised exchange where the index is traded.
All the data is verifiable by anyone. As you will see after reading this explanation, we are 100% transparent and there is no way we manipulate dishonestly our own market. We have built it with that in mind so it's trustless and decentralised.
Have fun !
But how can I me not you but me make money on this. do tell.
If I understand well your question, you're asking me how can you make money with this index fund?
Well, it's similar to the process of making money with an index fund in the "real world" (out of crypto). Or if I simplify the subject even more, it's like making money with Bitcoin ... how do you do that? You trade it against other coins or you buy it and hold it!
You buy the index low and sell it high. You can also short the asset on the platform. Sell it high and buy it back later when it's cheaper. So you can also make money when the index is going down.
The index is traded against coins like BTS or STEEM. They have their own volatility. So, if you spot a moment in time when BTS is likely to go down and BTWTY up, you may double your benefit from the trade because both coins go in an opposite direction.
You can also simply buy the index and wait. The index has now around 300% of the value it has in June 2015 (The index ran privately during 18 months before hitting the public stage).
Here is the market pair BTWTY : BTS
where I could see the team working on your project, I thought maybe it should be more open to the public on this thread
But how can I me not you but me make money on this. do tell.
Congrats @EstefanTT, this is truly a ground breaking project.
I always thought the hardest part would be for people to actually understand it and some of the comments I see here prove me right.
I guess for some it is hard to think of a truly decentralized project where nobody gets rich lol.
Best of luck to you bro!
I always thought the hardest part would be for people to actually understand it and some of the comments I see here prove me right.
I guess for some it is hard to think of a truly decentralized project where nobody gets rich lol.
Best of luck to you bro!
Its sad that people offer their inside but have no clue, I am not one understand to much about programing, lets stand what
are cryptos made of, but so do I not understand what USD or EUR are made of , than out of thin air, we call economy
Does our economy equal the amount of money distributed, is it a scam..convert your money to physical gold my friend, you just got scammed..USD is down 96 compare to gold
I dont know why Gold would be the most valuable commodity, why did we not chose elephants, they are more rare,
just kidding
But I do understand that a car can drive powered with electricity also well as with gas
and also can be pushed which would be even cheaper considering that wage
go down and more illegal need work..
But since I do not understand anything I also do not judge before the fact, I can have an opinion, but better I know what I am talking about, than just love to talk, no matter what
I think for most people try to make out which Crypto will be the ONE, it will be much easier to spend money
in something that would average it out and I don't have to worry that I have Grrr just chosen the wrong one, because the one just went down 50%or 90% in value..
B20 Nice job and don't even try to answer, those they believe its a scam not even reading your webpage and knowing that OL would be cautious to let anybody use their platform without checking if their is a possibility of Fraud.
And yes we never know for sure whats going to happen
and this not only for this project but for everything you do,
walk the street and get hit from a chick get married and she hits you with a expensive divorce..etc etc..does this mean "you got scammed" or did you not do due diligence..just wondering
It's a deep thought at the very least
I just saw that you were one of the holders of this very new market. Congratulation on your trade, I hope BTWTY will keep its rise and you'll be happy with your ROI.
Great to have you trading in the market!
Congrats @EstefanTT, this is truly a ground breaking project.
I always thought the hardest part would be for people to actually understand it and some of the comments I see here prove me right.
I guess for some it is hard to think of a truly decentralized project where nobody gets rich lol.
Best of luck to you bro!
I always thought the hardest part would be for people to actually understand it and some of the comments I see here prove me right.
I guess for some it is hard to think of a truly decentralized project where nobody gets rich lol.
Best of luck to you bro!
Its sad that people offer their inside but have no clue, I am not one understand to much about programing, lets stand what
are cryptos made of, but so do I not understand what USD or EUR are made of , than out of thin air, we call economy
Does our economy equal the amount of money distributed, is it a scam..convert your money to physical gold my friend, you just got scammed..USD is down 96 compare to gold
I dont know why Gold would be the most valuable commodity, why did we not chose elephants, they are more rare,
just kidding
But I do understand that a car can drive powered with electricity also well as with gas
and also can be pushed which would be even cheaper considering that wage
go down and more illegal need work..
But since I do not understand anything I also do not judge before the fact, I can have an opinion, but better I know what I am talking about, than just love to talk, no matter what
I think for most people try to make out which Crypto will be the ONE, it will be much easier to spend money
in something that would average it out and I don't have to worry that I have Grrr just chosen the wrong one, because the one just went down 50%or 90% in value..
B20 Nice job and don't even try to answer, those they believe its a scam not even reading your webpage and knowing that OL would be cautious to let anybody use their platform without checking if their is a possibility of Fraud.
And yes we never know for sure whats going to happen
and this not only for this project but for everything you do,
walk the street and get hit from a chick get married and she hits you with a expensive divorce..etc etc..does this mean "you got scammed" or did you not do due diligence..just wondering
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it.
This new composition swap with the previous one without any disturbance of the index price.
We have run this operation today. Here is the new composition of the Bit20 Index Fund:
BTC / 10 % / 0.35831181695703 coins / 799.821 USD
ETH / 10 % / 37.199209735944 coins / 7.70407 USD
LTC / 10 % / 78.238296619253 coins / 3.66298 USD
XMR / 10 % / 33.772219777015 coins / 8.48583 USD
ETC / 10 % / 251.16149806351 coins / 1.14104 USD
DASH / 8.7433342390011 % / 24.658628597813 coins / 10.1616 USD
MAID / 5.2747667050028 % / 1601.6463697779 coins / 0.0943823 USD
XEM / 4.1356821886812 % / 31852.260162871 coins / 0.00372101 USD
STEEM / 3.9711412874907 % / 810.28584634357 coins / 0.140453 USD
REP / 3.8166925154033 % / 38.930540199065 coins / 2.80964 USD
ICN / 3.5079674915334 % / 307.90518157442 coins / 0.326507 USD
FCT / 3.1909651978308 % / 30.978867219368 coins / 2.95196 USD
DOGE / 2.8887791504422 % / 380021.98060263 coins / 0.000217851 USD
WAVES / 2.6213206871199 % / 353.91400180968 coins / 0.212264 USD
XLM / 2.4693787079238 % / 24496.278131841 coins / 0.00288896 USD
DGD / 2.3290265860039 % / 7.0782800361936 coins / 9.42976 USD
PEERPLAYS / 2.3032139917805 % / 3.5391400180968 coins / 18.6505 USD
LSK/ 1.8395816647623 % / 356.73730553889 coins / 0.147783 USD
GAME / 1.5350986397995 % / 210.33401465615 coins / 0.209161 USD
EDR / 1.3730509472244 % / 48.208871895696 coins / 0.816232 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. Here it is :
http://cryptofresh.com/tx/14d715654ce5b724f4c27dd54982a84ee1d72c2f
Don't hesitate anymore and have a look on the Bit20 market : BitShares Decentralised Exchange pair (BTWTY : BTS)
You'll find on the website the composition with the updated price of each coin and the total value of the index
This new composition swap with the previous one without any disturbance of the index price.
We have run this operation today. Here is the new composition of the Bit20 Index Fund:
BTC / 10 % / 0.35831181695703 coins / 799.821 USD
ETH / 10 % / 37.199209735944 coins / 7.70407 USD
LTC / 10 % / 78.238296619253 coins / 3.66298 USD
XMR / 10 % / 33.772219777015 coins / 8.48583 USD
ETC / 10 % / 251.16149806351 coins / 1.14104 USD
DASH / 8.7433342390011 % / 24.658628597813 coins / 10.1616 USD
MAID / 5.2747667050028 % / 1601.6463697779 coins / 0.0943823 USD
XEM / 4.1356821886812 % / 31852.260162871 coins / 0.00372101 USD
STEEM / 3.9711412874907 % / 810.28584634357 coins / 0.140453 USD
REP / 3.8166925154033 % / 38.930540199065 coins / 2.80964 USD
ICN / 3.5079674915334 % / 307.90518157442 coins / 0.326507 USD
FCT / 3.1909651978308 % / 30.978867219368 coins / 2.95196 USD
DOGE / 2.8887791504422 % / 380021.98060263 coins / 0.000217851 USD
WAVES / 2.6213206871199 % / 353.91400180968 coins / 0.212264 USD
XLM / 2.4693787079238 % / 24496.278131841 coins / 0.00288896 USD
DGD / 2.3290265860039 % / 7.0782800361936 coins / 9.42976 USD
PEERPLAYS / 2.3032139917805 % / 3.5391400180968 coins / 18.6505 USD
LSK/ 1.8395816647623 % / 356.73730553889 coins / 0.147783 USD
GAME / 1.5350986397995 % / 210.33401465615 coins / 0.209161 USD
EDR / 1.3730509472244 % / 48.208871895696 coins / 0.816232 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. Here it is :
http://cryptofresh.com/tx/14d715654ce5b724f4c27dd54982a84ee1d72c2f
Don't hesitate anymore and have a look on the Bit20 market : BitShares Decentralised Exchange pair (BTWTY : BTS)
You'll find on the website the composition with the updated price of each coin and the total value of the index
Happy to see someone innovate on bitshares.
if you need to get more attention, don't hesitate to signup on icocoins.com and submit your project.
Here is the details https://bitcointalksearch.org/topic/ann-icocoinscom-initial-coin-offering-portal-alive-free-1699522
if you need to get more attention, don't hesitate to signup on icocoins.com and submit your project.
Here is the details https://bitcointalksearch.org/topic/ann-icocoinscom-initial-coin-offering-portal-alive-free-1699522
I'll have a look and fill the form if I see it fits the project. Thanks ^^
Thanks for your kind words HCF27,
Indeed, it will be hard for some to understand. This space is full of scam and they are right to be careful.
That's why, with my team, we had one priority, be transparent. For the ones who have doubts about to integrity of this index, please visit the website and ask questions if you don't find your answers. This is 100% secure, 100% decentralised, 100% pure cryptocurrency !
Indeed, it will be hard for some to understand. This space is full of scam and they are right to be careful.
That's why, with my team, we had one priority, be transparent. For the ones who have doubts about to integrity of this index, please visit the website and ask questions if you don't find your answers. This is 100% secure, 100% decentralised, 100% pure cryptocurrency !
Of course you are not here to expect to get a lot of accusations and praise,it's a wild jungle here and people are here to squeeze everything you have,so we'll know if you are indeed giving us serious project or coin that we can rely I'm glad that you did not make this thread a moderated one.
You are very right sir !
Any comments and even critics are very welcome as long as they are constructive. No moderation indeed.
Happy to see someone innovate on bitshares.
if you need to get more attention, don't hesitate to signup on icocoins.com and submit your project.
Here is the details https://bitcointalksearch.org/topic/ann-icocoinscom-initial-coin-offering-portal-alive-free-1699522
if you need to get more attention, don't hesitate to signup on icocoins.com and submit your project.
Here is the details https://bitcointalksearch.org/topic/ann-icocoinscom-initial-coin-offering-portal-alive-free-1699522
Thanks for your kind words HCF27,
Indeed, it will be hard for some to understand. This space is full of scam and they are right to be careful.
That's why, with my team, we had one priority, be transparent. For the ones who have doubts about to integrity of this index, please visit the website and ask questions if you don't find your answers. This is 100% secure, 100% decentralised, 100% pure cryptocurrency !
Indeed, it will be hard for some to understand. This space is full of scam and they are right to be careful.
That's why, with my team, we had one priority, be transparent. For the ones who have doubts about to integrity of this index, please visit the website and ask questions if you don't find your answers. This is 100% secure, 100% decentralised, 100% pure cryptocurrency !
Of course you are not here to expect to get a lot of accusations and praise,it's a wild jungle here and people are here to squeeze everything you have,so we'll know if you are indeed giving us serious project or coin that we can rely I'm glad that you did not make this thread a moderated one.
Thanks for your kind words HCF27,
Indeed, it will be hard for some to understand. This crypto space is full of scams and they are right to be careful.
That's why, with my team, we had one priority, be transparent. For the ones who have doubts about to integrity of this index, please visit the website and ask questions if you don't find your answers. This is 100% secure, 100% decentralised, 100% pure cryptocurrency !
Indeed, it will be hard for some to understand. This crypto space is full of scams and they are right to be careful.
That's why, with my team, we had one priority, be transparent. For the ones who have doubts about to integrity of this index, please visit the website and ask questions if you don't find your answers. This is 100% secure, 100% decentralised, 100% pure cryptocurrency !
Congrats @EstefanTT, this is truly a ground breaking project.
I always thought the hardest part would be for people to actually understand it and some of the comments I see here prove me right.
I guess for some it is hard to think of a truly decentralized project where nobody gets rich lol.
Best of luck to you bro!
I always thought the hardest part would be for people to actually understand it and some of the comments I see here prove me right.
I guess for some it is hard to think of a truly decentralized project where nobody gets rich lol.
Best of luck to you bro!
after the success of ICONOMI, there had been some attempts to also try to create a fund management platform but certainly its the same concept. its not going to be surprising that they all could be created to scam. this one seem not into ICO but still a potential scam 
Did you even click on the links, visited the website and understood what the project was about before qualifying of scam?
This project is 100% transparent, 100% verifiable on the BitShares blockchain, all the information are on the website.
Please do some diligence research before possibly hurt the reputation of a project you don't fully understand.
after the success of ICONOMI, there had been some attempts to also try to create a fund management platform but certainly its the same concept. its not going to be surprising that they all could be created to scam. this one seem not into ICO but still a potential scam
Ico coin?
No need to have an ICO, BitShares have the structure already coded to accommodate such index fund in the form of a smartcoin.
The market is open and the index is already tradable. BitShares Decentralised Exchange pair (BTWTY : BTS)
The work to build this index has been done on my team and my free time during these last 18 months without the need of investors.
You can't invest in the creation of this index fund but you can definitively invest in the index itself which has proved itself an amazing investment on the last 18 months. The price has almost triple !
Have a look on the charts, it shouldn't be a lost of your time
www.bittwenty.com I'm still surprise that all preparation for the last 18 months,did not include creating an account here,rank your account to at least full member so you can post images and banners for full level rank when the time comes,you have a good service and offer but did not anticipated the announcement ..
You are every right sir !
I have been used to the BitShares community, you can check my profile there and see by yourself that I'm an active (almost 700 posts) and well-respected member.
I thought it would be hypocritical to post tons of smileys and thumbs up on this community posts only to increase the number of posts next to my pseudo. I will create a good reputation and prove myself as a decent member of this community starting with this thread on Bit20 Index Fund.
I am not a member of Bitsquare but Bitcointalk is enough for me,because everything related to crypto currency are all here, even satoshi nakamoto the founder of bitcoin started here something wrong why you miss the bus.
Anyway you can always start as long as you contribute well in the community ..
Just another ICO scam. Scammer needs btc for more booze and drugs.
Please read above, it's not an ICO nor I'm looking for investments. It's an open and free market born in the cryptocurrency space. Feel free to use it if you wish, I'm not asking for anything, just announcing something that is already finished and available.
I am a account holder of OL for almost a year by now, and I think this is brilliant, congrats EstefanTT! best thing in 2016, I was only waiting for
finally I dont have to make up my mind
which is a good one, which will be a bad one, it will average itself out and I will be happy, spread the word.
I dont remember reading it, but can you let us know, which are the 20ty cryptocurrencies
cheers
Thanks mea123,
The index re-calibrate itself every 21st of the month. Tomorrow there will be a revision in its composition. The coins present in it and their respective weights will change. There won't be any change in the price related to this revision, the price remains the same during this transition.
These values and the coins in the index are displayed on the main page of the website. www.bittwenty.com
Have a look, there is also very interesting charts on the index performance
Just another ICO scam. Scammer needs btc for more booze and drugs.
Please read above, it's not an ICO nor I'm looking for investments. It's an open and free market born in the cryptocurrency space. Feel free to use it if you wish, I'm not asking for anything, just announcing something that is already finished and available.
I am a account holder of OL for almost a year by now, and I think this is brilliant, congrats EstefanTT! best thing in 2016, I was only waiting for
finally I dont have to make up my mind
which is a good one, which will be a bad one, it will average itself out and I will be happy, spread the word.
I dont remember reading it, but can you let us know, which are the 20ty cryptocurrencies
cheers
Just another ICO scam. Scammer needs btc for more booze and drugs.
Please read above, it's not an ICO nor I'm looking for investments. It's an open and free market born in the cryptocurrency space. Feel free to use it if you wish, I'm not asking for anything, just announcing something that is already finished and available.
Ico coin?
No need to have an ICO, BitShares have the structure already coded to accommodate such index fund in the form of a smartcoin.
The market is open and the index is already tradable. BitShares Decentralised Exchange pair (BTWTY : BTS)
The work to build this index has been done on my team and my free time during these last 18 months without the need of investors.
You can't invest in the creation of this index fund but you can definitively invest in the index itself which has proved itself an amazing investment on the last 18 months. The price has almost triple !
Have a look on the charts, it shouldn't be a lost of your time
www.bittwenty.com I'm still surprise that all preparation for the last 18 months,did not include creating an account here,rank your account to at least full member so you can post images and banners for full level rank when the time comes,you have a good service and offer but did not anticipated the announcement ..
You are every right sir !
I have been used to the BitShares community, you can check my profile there and see by yourself that I'm an active (almost 700 posts) and well-respected member.
I thought it would be hypocritical to post tons of smileys and thumbs up on this community posts only to increase the number of posts next to my pseudo. I will create a good reputation and prove myself as a decent member of this community starting with this thread on Bit20 Index Fund.
already closed. scam
Just another ICO scam. Scammer needs btc for more booze and drugs.
Ico coin?
No need to have an ICO, BitShares have the structure already coded to accommodate such index fund in the form of a smartcoin.
The market is open and the index is already tradable. BitShares Decentralised Exchange pair (BTWTY : BTS)
The work to build this index has been done on my team and my free time during these last 18 months without the need of investors.
You can't invest in the creation of this index fund but you can definitively invest in the index itself which has proved itself an amazing investment on the last 18 months. The price has almost triple !
Have a look on the charts, it shouldn't be a lost of your time
www.bittwenty.com I'm still surprise that all preparation for the last 18 months,did not include creating an account here,rank your account to at least full member so you can post images and banners for full level rank when the time comes,you have a good service and offer but did not anticipated the announcement ..
what is bit20 the new altcoin this name bit20
how muc total supy bit20 coin
bit20 develop use bitshare token or what is type coin POW/POS
how muc total supy bit20 coin
bit20 develop use bitshare token or what is type coin POW/POS
Bit20 is a cryptocurrency index fund in a form of a smartcoin on the BitShares platform. The supply is actually created by traders when borrowing and shorting the asset back by a collateral in BTS. As Bit20 is a smartcoin of a DPOS platform, it is a DPOS token.
Everything is explained in the "FAQ" and the "About bit20" tab on the website, your question would need a more extended answer that is already explained in a simple but precise way here : www.bittwenty.com
Please have a look
then if most of cryptos out here suddenly increase in price, it is guaranteed this index will as well go up?
The Bit20 index fund is automatically reviewed every month and take the biggest 20 cryptocurrencies by market cap. As long as these projects grow, the index will follow.
If part of these doesn't grow and lose steam, they will be automatically removed from the index the next month to let the place for the new ones who are performing better.
Have a look on the website, everything is explained in a simple but precise way : www.bittwenty.com
what is bit20 the new altcoin this name bit20
how muc total supy bit20 coin
bit20 develop use bitshare token or what is type coin POW/POS
how muc total supy bit20 coin
bit20 develop use bitshare token or what is type coin POW/POS
Glad everything is finished ahead of time and presentable, good work.
Thanks DarkStar, I'm also glad everything is now set up and ready to go ^^
then if most of cryptos out here suddenly increase in price, it is guaranteed this index will aswell go up?
Glad everything is finished ahead of time and presentable, good work.
Ico coin?
No need to have an ICO, BitShares have the structure already coded to accommodate such index fund in the form of a smartcoin.
The market is open and the index is already tradable. BitShares Decentralised Exchange pair (BTWTY : BTS)
The work to build this index has been done on my team and my free time during these last 18 months without the need of investors.
You can't invest in the creation of this index fund but you can definitively invest in the index itself which has proved itself an amazing investment on the last 18 months. The price has almost triple !
Have a look on the other charts
www.bittwenty.com 
Ico coin?
But how exactly is it made, what are the coins in it and how can I invest in it?
I'm here to share with you this promising blockchain project and answer all your questions.
Let me start by clearing a few things. I like BitShares because it doesn´t compete against other cryptocurrencies but actually, work to unify the space by providing a decentralised exchange where everyone will be able to trade without having to sacrifice his identity or risking his money beeing goxxed.
With that said, I´m not here to speak about BitShares, I´m here to speak about Bit20 which is actually built on it.
I have been working since July 2015 on this project and I'm happy to announce that it has been finally finished.
I wanted to create a tool that allows anyone to invest in the global economic growth of cryptocurrencies without a headache. Just buy something that will track this soon economic Cambrian explosion.
This tool had to be decentralised because we all know how centralised projects dealing with money end up, especially in the cryptocurrency world.
So my team and I have created a cryptocurrency index fund (ETF like). The index fund includes 20 major coins, Bitcoin, off course is included in the index.
I want to spread the information about this index fund in the crypto community so everyone can invest in a great asset that will grow as the cryptocurrency global market grows. Not something going up and down wildly, but more something like a monster slowly waking up and devouring the fiat money markets.
I want it to be a place where you can store your value with a high probability that months later, you will still have your investment intact and a nice return on investment.
I also want to spread the word out of cryptocurrencies. My plan is to start with the cryptocurrency savvy crowd and then move on to trading forums, forex, stock markets and others. This is how I aim to make new money comes into this space. The bigger the index daily volume will grow, the easier is going to be to promote it and make people interested in crypto.
The index took almost a 2 years to be fully tested and heavily reviewed. It´s finally ready and has been officially launched on the BitShares decentralised exchange on 16/12/2016. The index is fully decentralised and every Bit20 will always be backed by a minimum of 175% of its value.
Here is the evolution of Bit20 ober the last 18 month in $ :
This is 100% secure, 100% decentralised, 100% pure cryptocurrency !
If you have any question, please have a look on the website at the "FAQ" or "About Bit20" tab. If you don't find what you are looking for, I'll do my best to answer you in this post.
www.bittwenty.com
BitShares Decentralised Exchange pair (BTWTY : BTS)
Web site FAQ
BitShares.talk forum official thread
Steemit official thread
BitShares Decentralised Exchange pair (BTWTY : BTS)
Web site FAQ
BitShares.talk forum official thread
Steemit official thread
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