Bit20 - The cryptocurrency index fund [ANN]

[EstefanTT]

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

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 ^^

[EstefanTT]

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

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

www.bittwenty.com

BitShares Decentralised Exchange pair (BTWTY : BTS)

Web site FAQ
Bitcoin.talk forum official thread
BitShares.talk forum official thread
Steemit official thread

[EstefanTT]

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 !!!

www.bittwenty.com

BitShares Decentralised Exchange pair (BTWTY : BTS)

Web site FAQ
Bitcoin.talk forum official thread
BitShares.talk forum official thread
Steemit official thread

[bitcoinvestor]

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?

[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.

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

[EstefanTT]

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 !!!

 

www.bittwenty.com
 
BitShares Decentralised Exchange pair (BTWTY : BTS)
 
Web site FAQ
Bitcoin.talk forum official thread
BitShares.talk forum official thread
Steemit official thread

[cagwatson]

Have you got a slack channel?

[poulembertus]

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

[Trnsmssn]

 How can I get some info on the development team ?

[mpgalloo]

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

[oleksii777]

I'm not a lot of money coin people? Who will take it for such money? ;-)

[scaryvirus]

congrats on coinmarketcap add http://coinmarketcap.com/assets/bit20/

[scaryvirus]

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://bitcointalk.org/index.php?topic=1949828.0

it's kinda what bancor wanted to do but has been working for years on bts, most blockchains are far ahead of eth lol

[DesertDuke]

What is the circulating supply of this coin now, and in the future ?

[EstefanTT]

Have you got a slack channel?

I have a telegram group if you want some fast communication

https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg

[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 !

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/

[EstefanTT]

How can I get some info on the development team ?

Just ask anything you like in this Telegram channel : https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg

[EstefanTT]

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.

[EstefanTT]

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 !!!

www.bittwenty.com

BitShares Decentralised Exchange pair (BTWTY : BTS)

Telegram group 

Web site FAQ
Bitcoin.talk forum official thread
BitShares.talk forum official thread
Steemit official thread

[EstefanTT]

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

Telegran link : https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg