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1  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: August 27, 2017, 10:51:03 PM
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

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Noticed that we have opened a telegram channel if you want to be closer to the Bit20 community Wink

Telegran link : https://t.me/joinchat/BdGiiAyHOiLHs4oiHq
2  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: August 21, 2017, 09:36:29 PM
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.
3  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: July 28, 2017, 08:28:08 PM
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

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Noticed that we have opened a telegram channel if you want to be closer to the Bit20 community Wink

Telegran link : https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg
4  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: July 21, 2017, 02:04:01 PM
Bit20 - The cryptocurrency index fund [2017/07/21 - revision]



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



Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange



Stop hesitating and start trading on the Bit20 market !!!





5  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: July 21, 2017, 01:40:33 PM
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.
6  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: July 21, 2017, 01:38:23 PM
How can I get some info on the development team ?

Just ask anything you like in this Telegram channel : https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg
7  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund on: July 21, 2017, 01:35:37 PM
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/
8  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: July 21, 2017, 01:33:32 PM
Have you got a slack channel?


I have a telegram group if you want some fast communication Smiley

https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg
9  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: June 21, 2017, 03:20:56 PM
Bit20 - The cryptocurrency index fund [2017/06/21 - revision]


 
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
 

 
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
 

 
Stop hesitating and start trading on the Bit20 market !!!

 



10  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: June 21, 2017, 03:12:21 PM
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.
look cool but still don't understand how to make profit from bitwenty. Does it have token or coin? How to buy and how was the return?

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
11  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: May 21, 2017, 04:34:25 PM
Bit20 - The cryptocurrency index fund [2017/05/21 - revision]



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



Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange



Stop hesitating and start trading on the Bit20 market !!!





12  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: April 21, 2017, 05:08:38 PM


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



Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange



Don't hesitate anymore and start trading on the Bit20 market !!!





13  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: April 21, 2017, 05:04:52 PM
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 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 Wink

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 ^^

14  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: March 21, 2017, 06:41:20 PM
Bit20 - The cryptocurrency index fund [2017/03/21 - revision]



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



Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange



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 !!!





15  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: February 21, 2017, 12:34:14 PM
Bit20 - The cryptocurrency index fund [2017/02/21 - revision]



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



Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange



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 !!!





16  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: February 01, 2017, 08:36:06 PM
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!
17  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: January 22, 2017, 03:54:36 PM


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



Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange



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 !!!





18  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: January 01, 2017, 10:36:27 PM
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

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.
19  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: January 01, 2017, 10:16:51 PM
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

 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.
20  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Bit20 - The cryptocurrency index fund [ANN] on: January 01, 2017, 10:10:03 PM

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
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