create account

Bit20 - The cryptocurrency index fund [2017/03/21 - revision] by estefantt

View this thread on: hive.blog |  peakd.com |  ecency.com
bitshares · @estefantt ·
$17.21
Bit20 - The cryptocurrency index fund [2017/03/21 - 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 / 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

https://s6.postimg.org/5xskeuitd/bit20_03_2017_1.png

### Next, a glance at the state of the market since its creation on the [BitShares Decentralised Exchange](https://bitshares.openledger.info/?r=estefantt#/market/BTWTY_BTS)

https://s6.postimg.org/sb0b1njr5/bit20_03_2017_2.png

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. 


### <center>Don't hesitate anymore and start trading on the [Bit20  market](https://bitshares.openledger.info/?r=estefantt#/market/BTWTY_BTS) !!! <center>

----------------------------------------------------------------------------
----------------------------------------------------------------------------

<center>[www.bittwenty.com](http://www.bittwenty.com/)</center>
<center>[BitShares Decentralised Exchange pair (BTWTY : BTS)](https://bitshares.openledger.info/?r=estefantt#/market/BTWTY_BTS)</center>

<center>[Web site FAQ](http://www.bittwenty.com/faq.php)</center>
<center>[BitShares.talk forum official thread](https://bitsharestalk.org/index.php/topic,23606.msg300893.html#msg300893)</center>
<center>[Bitcoin.talk forum official thread](https://bitcointalk.org/index.php?topic=1721458.msg17231891#msg17231891)</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 69 others
properties (23)
authorestefantt
permlinkbit20-the-cryptocurrency-index-fund-2017-03-21-revision
categorybitshares
json_metadata{"tags":["bitshares","blockchain","money","crypto","bittwenty"],"image":["https://s6.postimg.org/nohmmh7pd/Bit20.png","https://s6.postimg.org/5xskeuitd/bit20_03_2017_1.png","https://s6.postimg.org/sb0b1njr5/bit20_03_2017_2.png"],"links":["http://cryptofresh.com/u/bittwenty.feed","https://bitshares.openledger.info/?r=estefantt#/market/BTWTY_BTS","http://www.bittwenty.com/","http://www.bittwenty.com/faq.php","https://bitsharestalk.org/index.php/topic,23606.msg300893.html#msg300893","https://bitcointalk.org/index.php?topic=1721458.msg17231891#msg17231891"],"app":"steemit/0.1","format":"markdown"}
created2017-03-21 18:29:09
last_update2017-03-21 18:29:09
depth0
children5
last_payout2017-04-21 19:41:12
cashout_time1969-12-31 23:59:59
total_payout_value14.671 HBD
curator_payout_value2.538 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,850
author_reputation8,513,580,253,100
root_title"Bit20 - The cryptocurrency index fund [2017/03/21 - revision]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id2,796,923
net_rshares9,423,000,161,839
author_curate_reward""
vote details (133)
@cheetah · 
Hi! I am a robot. I just upvoted you! Readers might be interested in similar content by the same author:
https://steemit.com/bitshares/@estefantt/bit20-the-cryptocurrency-index-fund-2017-01-21-revision
👍  
properties (23)
authorcheetah
permlinkcheetah-re-estefanttbit20-the-cryptocurrency-index-fund-2017-03-21-revision
categorybitshares
json_metadata""
created2017-03-21 18:29:42
last_update2017-03-21 18:29:42
depth1
children0
last_payout2017-04-21 19:41:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length201
author_reputation942,693,160,055,713
root_title"Bit20 - The cryptocurrency index fund [2017/03/21 - revision]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,796,931
net_rshares8,001,574,594
author_curate_reward""
vote details (1)
@markopaasila · 
This is certainly one of the best investment vehicles in cryptocurrencies. It is certainly also risky to short, which can be seen in the spread. There is a nice arbitrage opportunity for someone. 

I think it would be more approachable if you emphasized the bitUSD market instead of the BTS one. People find easier to measure value in something familiar, especially if it's stable.
👍  ,
properties (23)
authormarkopaasila
permlinkre-estefantt-bit20-the-cryptocurrency-index-fund-2017-03-21-revision-20170321t190722644z
categorybitshares
json_metadata{"tags":["bitshares"],"app":"steemit/0.1"}
created2017-03-21 19:07:24
last_update2017-03-21 19:07:24
depth1
children1
last_payout2017-04-21 19:41:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length381
author_reputation32,771,884,740,822
root_title"Bit20 - The cryptocurrency index fund [2017/03/21 - revision]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,797,332
net_rshares1,466,585,168
author_curate_reward""
vote details (2)
@estefantt · 
The market of bitUSD has grow this last week ... I think is the result of the efforts of a certain MarkoPaasila. Really nice to see people getting involve ! I wish you a great trading experience and big ROI ;)
properties (22)
authorestefantt
permlinkre-markopaasila-re-estefantt-bit20-the-cryptocurrency-index-fund-2017-03-21-revision-20170324t163510869z
categorybitshares
json_metadata{"tags":["bitshares"],"app":"steemit/0.1"}
created2017-03-24 16:35:18
last_update2017-03-24 16:35:18
depth2
children0
last_payout2017-04-21 19:41:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length209
author_reputation8,513,580,253,100
root_title"Bit20 - The cryptocurrency index fund [2017/03/21 - revision]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,829,748
net_rshares0
@steemitguide · 
Great Post, Thanks for spreading awareness!
properties (22)
authorsteemitguide
permlinkre-estefantt-bit20-the-cryptocurrency-index-fund-2017-03-21-revision-20170321t190528974z
categorybitshares
json_metadata{"tags":["bitshares"],"app":"steemit/0.1"}
created2017-03-21 19:05:30
last_update2017-03-21 19:05:30
depth1
children1
last_payout2017-04-21 19:41:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length43
author_reputation35,147,549,313,619
root_title"Bit20 - The cryptocurrency index fund [2017/03/21 - revision]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,797,310
net_rshares0
@estefantt · 
You're welcome SteemitGuide ;)
👍  
properties (23)
authorestefantt
permlinkre-steemitguide-re-estefantt-bit20-the-cryptocurrency-index-fund-2017-03-21-revision-20170324t162922469z
categorybitshares
json_metadata{"tags":["bitshares"],"app":"steemit/0.1"}
created2017-03-24 16:29:30
last_update2017-03-24 16:29:30
depth2
children0
last_payout2017-04-21 19:41:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length30
author_reputation8,513,580,253,100
root_title"Bit20 - The cryptocurrency index fund [2017/03/21 - revision]"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,829,687
net_rshares595,275,769
author_curate_reward""
vote details (1)
Help/Feedback