Bit20 - The cryptocurrency index fund [ANN]

[EstefanTT]

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 !

[judeafante]

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 !

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.

[icocoins]

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://bitcointalk.org/index.php?topic=1699522.0

[EstefanTT]

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 !

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.

[EstefanTT]

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://bitcointalk.org/index.php?topic=1699522.0

I'll have a look and fill the form if I see it fits the project. Thanks ^^

[EstefanTT]

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

https://s6.postimg.org/j7koa243l/bit20_compo.png

[mea123]

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!

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

[EstefanTT]

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!

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!

[ko6028]

But how can I me not you but me make money on this. do tell.

[piebeyb]

where I could see the team working on your project, I thought maybe it should be more open to the public on this thread

[EstefanTT]

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

[EstefanTT]

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 !

[logictense]

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.

[roy778]

i want to know how much total suplly bit20 coin? can anyone tell me

[jeha2015]

good luck for this project, i wish you

[hnxdhg]

just share details https://bitcointalk.org/index.php?topic=1699522.0

[EstefanTT]

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.

[EstefanTT]

just share details https://bitcointalk.org/index.php?topic=1699522.0

I'll investigate this website this weekend and see if it fits my project. Thanks fro the link

[EstefanTT]

Some data on the current market :

https://s6.postimg.org/8ys748g1t/bit20_data.png

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  

[vthfvuuj]

Just buy something that will track this soon economic Cambrian explosion.