๐ Bit20 - The cryptocurrency index fund [2017/06/21 - revision]
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
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
interesting index.
Indeed it is !
We have been buying your shares.. thanks for the information provided and look for more detailed information.
Thanks
I hope they are going as high as you wish !
Hey, I just wanted to comment a really big thank you for creating Bit20. I put some money into it a few months ago (right before everything really took off this year) and it created an awesome opportunity for me to get out of debt early. I've been trying to advocate for it as much as I can! I hadn't been following you yet because I haven't spent much time on Steemit this year, but your posts about Bit20 are mainly what has brought me back. Consider me a loyal fan!
That's very nice to hear. I'm really glad you have been able to get some BTWTY before they went so high.
Good to have you as a Bit20 fan.
Hey. Why some coins appear and some disappear? I m still in trying to understand the things behind ;)
Please have a look at the explanation : http://www.bittwenty.com/bit20.php
Hi there nice post
I am a newbie. if you like me
Please Follow me & upvotemy posts
It would be great help
Thanks
Excellent idea. I will have to check it out on the dex and buy some
Keep up the good work. We are still missing liquidity, but let's be patient.
It will come ;)
Hi @kinbit,
My friend @kingbit mistakenly sent STEEM to your account. You can see that he is the owner of these funds.
Would you kindly return the STEEM back to @kingbit?
Thanks in advance for being so honorable!
Kind Regards,
@haejin
Why didn't you do an ICO with this idea? Could have raised $30m easy!
Cause he's a secure guy, he wants to test it first and make sure it works well :)
lol, that's true
I didn't need any money to create it, just time. That's the beauty of BitShares !
Hi estefant as noob its really not clear to me this index. I think the idea is brilliant and minus one coin i agree with your postulations. The question is how can one invest in this index. Do you publishit as a guide or is there a way to throw money at it.
Hi @nedupaul
You have to open a bitshares.org account and trade it on this market
https://bitshares.openledger.info/?r=estefantt#/market/BTWTY_BTS
All your answers are in the FAQ section and in the "About Bit20" and "how to invest" tabs ;)
http://www.bittwenty.com
Thanks very useful information. @roadscape