The Bitshares platform has developed a User Issued Asset (UIA) of
BRICS crypto-asset. BRICS became tradable since December 2015. The value of this asset is attained from the completely decentralized and secure blockchain with users participating globally. As of yet, the asset has no specific ties to the actual BRICS originated New Development Bank. This suggests that there is still uncertainty what uses would this asset bring for the Bitshares and OpenLedger initiative as a whole. But because it is currently possible to purchase millions of Bitshares BRICS assets for almost pennies, there is no reason why not to experiment in holding on to at least couple of millions of BRICS UIAs.
In case you are not familiar with what BRICS is, BRICS is an acronym used to identify 5 countries that share a mutual economic alliance/association – Brazil, Russia, India, China, and South Africa. The five nations combined have more than 40% of global population, and a Growth Domestic Product of over $16 trillion.(Source:
http://cryptofresh.com/a/BRICS)
Here are some fun facts about the Bitshares BRICS asset:
Max supply is 10 billion BRICS
Asset originated in late 2015
The issuer of this asset is “null-account”, which is an automated platform issuing entity that is prohibited from transferring all of the assets back to its child-account. This guarantees that the overall supply of the assets cannot be depleted by third-party factors.
There was not any active crowdsales for BRICS. Instead, devs gave away the assets in the bitsharestalk forum to those who post their BTS id. This might be a silly thing for developers to do, if BRICS UIA price would skyrocket in the future.
As of now, one of the total of more than 400 Holders and Traders, only two Bitshares user accounts hold 1 billion or more BRICS.
