WEBSITE | TELEGRAM | TWITTER | ETHERSCAN | GITHUBBought Bitcoin? Welcome to the club: you've just exposed yourself to the biggest opportunity of your lifetime. But that opportunity has a cost: Bitcoin is
volatile, and you can lose your sleep watching every move.
To protect yourself from price risk, you need an asset that does not dump together with Bitcoin.
— But, everything is correlated! Every crypto dumps when Bitcoin takes a dive!
— Well, BTCV doesn’t. Take a look at the chart:
https://btcv.volatility-tokens.com/Price relationship with BTCBTCV stands for “
Bitcoin Volatility Token”. BTCV mark price depends on the volatility of BTC:
- When BTC pumps, BTCV pumps.
- When BTC dumps... BTCV also pumps.
That’s because all BTC moves — both pumps and dumps — increase the volatility, which increases the mark price of BTCV.
Where’s the catch? Here you go: BTCV mark price decreases while BTC price stabilizes. When Bitcoin becomes boring, its volatility goes down, and so does Bitcoin Volatility Token... which makes it a good time to buy
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So, how exactly does BTCV price depend on volatility? Simply put, volatility triggers a change in “mark price”, which in turn triggers liquidations of margin short positions. That means you can sell into liquidations, which are forced buy orders placed at mark price.
In other words: if volatility increases above certain mark, the exchange will place an automatic buy order which can’t be cancelled. This buy order will come from the trader who borrowed BTCV and sold it at market (“shorted BTCV”), thinking that volatility would decrease. His mistake becomes your opportunity. When exchange places an automatic buy order (“short liquidation”), you can sell your tokens into that order.
More information:
Real world exampleBTCV is modelled after VIX futures listed on CBOE: they allow traders to bet on volatility of S&P 500 index. Here’s the chart of VIX futures volume:
https://i.imgur.com/m1zbBuA.pngWe’ll make our best to ensure that BTCV volume follows the same trajectory.
Features- Exchange listing (Voltex)
- Price support bot (see below)
- Zero initial supply
- Constant emission
Specification- Type: ERC-20 token with limited supply & low emission.
- Max supply: 100000000 BTCV.
- Circulating supply: 9117300 BTCV (~9% of max supply - better than regular ICO with 100% of max supply).
- Emission: 100 BTCV per ETH block (see “Supply & Emission” section for explanation).
- Price: depends on Bitcoin volatility (chart: https://btcv.volatility-tokens.com/).
RoadmapSince BTCV innovation is financial, not technical, our codebase is simple - in fact, we’ve already implemented all core functionality.
Our primary goal is to
list the token on exchanges — as many as possible.
- [Done] Deploy smart contract.
- [Done] Implement price calculation algorithm.
- [Done] List on a decentralized exchange.
- Implement sales bot.
- Implement price support bot.
- List on a centralized exchange with margin trading (e.g. Bitfinex, Huobi).
- (Continue until we have funds) List on other exchanges: both centralized and decentralized.
We shall invest
all the money that we receive from BTCV sales into listing the token on exchanges.
TeamDenis Gorbachev - marketing & development (LinkedIn, GitHub).Denis is a coder at heart: he started programming at the age of 14, had fun with C++ & WASM, then shifted towards higher-level languages like Elixir, Python & JavaScript / CoffeeScript. He recently decided to apply his coding skills at designing new financial products, starting with VOLTs (volatility tokens).
Alexander Kuzmenko - development (LinkedIn, GitHub).Alex is the person behind the smart contracts & mark price feeds for VOLTs. He enjoys implementing backend services in Elixir and frontend widgets in JavaScript. He used to work for a bank, but ditched the regular job for crypto life.
DistributionBitcoin Volatility Token is distributed through
Voltex (our decentralized exchange built upon 0x framework). We place our sell orders at the current mark price and move them daily. After we implement the sales bot, we’ll move our orders each hour (according to mark price recalculation period).
We’ll spread the supply over other exchanges when they list our token. It’s in echanges’ best interest to list BTCV soon, because the more BTCV is sold on their market, the more price support orders our bot will place (see below).
Price support botBTCV price is supported with buy orders that are placed at -50% from our sell orders. Here’s an example:
- Bot calculates mark price (e.g. $0.06).
- Bot places a sell order for 100 BTCV at $0.06.
- Alice buys 100 BTCV at $0.06.
- Bot places a buy order for 100 BTCV at $0.03.
Supply & EmissionBitcoin Volatility Token implements constant low emission of 100 BTCV per 1 ETH block, starting with zero initial supply. This ensures that developer won’t dump the premine when the token is listed on exchanges.
We’re playing a long-term game here.
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Links
So, is it a stable coin or not? If yes, it has very bad name, if no, how it can protect from volatility?