Bit20 - The cryptocurrency index fund [ANN]

[EstefanTT]

https://s6.postimg.org/nohmmh7pd/Bit20.png


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 $ :

https://s6.postimg.org/6rnygbarl/bit20_chart.png

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

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[fikihafana]

Ico coin?

[EstefanTT]

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 !

https://s6.postimg.org/6rnygbarl/bit20_chart.png

Have a look on the other charts   www.bittwenty.com

[DarkStar1O9]

Glad everything is finished ahead of time and presentable, good work.

[Chikako]

then if most of cryptos out here suddenly increase in price, it is guaranteed this index will aswell go up?

[EstefanTT]

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 ^^

[cengsuwuei]

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

[EstefanTT]

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

[EstefanTT]

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

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

[robelneo]

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 ..

[scam_exposer]

Just another ICO scam.  Scammer needs btc for more booze and drugs.

[rohitgarnaik]

already closed. scam

[EstefanTT]

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. 

[EstefanTT]

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.

[mea123]

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 

[EstefanTT]

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

[robelneo]

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 ..

[electronicash]

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 

[EstefanTT]

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.

[hcf27]

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!