Bitshares - State of the Network - 13th February 2018

Welcome to the 73rd Bitshares State of the Network (BSotN) report. A weekly report focusing on the changes in the ecosystem and track longer term changes in a effort to identify emerging trends and changes in the Bitshares platform.

Bitshares - State of the Network - 13th February 2018

The Bitshares State of the Network Reports seeks to combine raw data from a wide range of metrics and combine them into meaningful information to identify emerging trends and changes in the Bitshares network.

Observation from this week

This section will highlight any observations made while analysing the data.

• BITFARM, The first Bitshares based simulation game is about to launch. Bits.Farm is a farming simulation game that runs entirely on the Bitshares network. There is no ICO, no crowdsale only a free airdrop. Claim your FREE BitFarm tokens HERE all you need is a Bitshares account and access to telegram!. Official announcement HERE

• Bojan Tomić and Domagoj Poljak have held a Bitshares workshop at Effectus University College for Law and Finance in Zagreb, Croatia. The Workshop was organized through the ongoing project of expanding BitShares towards Eastern Europe and The Balkans, initially through @apasia.tech presence to establish BitShares Slovenia. Full details HERE

• The Bitcoin Latina team may have introduced ‘Bitcoin Latina’ a Bitshares UIA ‘BCL’. BCL has been said to capture the best of Bitcoin (mining creation mechanism), Ethereum (initial release mechanism) and BitShares (operational real time performance). Bitcoin Latina are also kindly airdropping 10 BCL tokens to all Bitshares holders on the 14th of February. You can get more information about Bitcoin Latina and the reasons they chose Bitshares as their backbone HERE

• CryptoBridge (A Exchange platform operating on the Bitshares network) has announced that they have added 6 new members to the team. New additions to the team include 2 mobile developers, 2 backend developers, frontend developer and a manager. The platform has had an explosive entry into the space and has an ambitious roadmap (including Multi signature federated gateway network/protocol, decentralized margin and bond markets). They have also announced an updated/revised roadmap will be released in March 2018. Find more information HERE

• The Bitshares Blockchain Foundation has announced new email addresses to support workers and improve communications and processes. Separate email accounts have been setup for new and existing workers, invoices and reports. Any current or future workers should see the official announcement and use these new addresses for all future communications with the BBF. You can find the full details HERE

• This week CryptoBridge have distributed the equivalent 11.8286 BTC or approximately $119,066.68 USD in staking rewards to holders on the Bitshares UIA Bridge.BCO (Staking required locking the token to the network in order to receive a share of trading commissions on the platform). This month has seen 5564 users staking the token and looking month on month there is no trouble seeing their platform is growing from strength to strength. This can also be observed in trading volume of the Bridge.*** assets on the DEX which are increasingly visible within the Most active DEX pairs. More information HERE

• This week has seen a 47.52% increase in BTS committed to Open orders on the Bitshares DEX. Open orders are akin to Market Makers who are providing liquidity to the Bitshares DEX either from open buy or sell orders.

• From this week forward the Top 100 table in the data below contains BTS holdings, Open orders and BTS as collateral. The new addition here is BTS as collateral which was not reported in my previous reports. I have updated the reference data so that %Change does include last week’s total including BTS as collateral which should give an accurate % change of overall BTS holdings per account. This change was requested by @funcrypto last week and after a community poll it was agreed that including the collateral will help give a more accurate picture of the top accounts on the network.

• The Beyond Bitcoin Bitshares weekly hangouts have now moved to the Discord platform. You can join the Bitshares Discord HERE and also catch the latest hangouts streamed live on youtube HERE

• This week’s Bitshares hangout recording has been published and is available HERE

• Current registered wallets/accounts within the Bitshares network is 739324; an increase of 29287 wallets/accounts since last week

Smartcoin issuance chart showing weekly change since the start of 2017

Number of accounts holding BTS (off exchanges)

Bits.Farm - The First Bitshares based game - Claim your Free Tokens HERE

Bitcoin Latina launching on Bitshares

BitShares in The Balkans: University Workshop in Zagreb, Croatia - source

Bitshares Distribution

This sections seeks to analyse the current distribution of the network. We look at the current supply, top 100 hodlers, Orders on the Bitshares Decentralized Exchange (DEX), Reserve pool balance and Income growth.

Distribution	Balance	Change W/W	Change W/W %
BTS Supply	2,608,654,672	491,076.00	0.02%
BTS Stealth	287,492	-	0.00%
BTS in Open Orders (DEX - T250)	12512984	4,030,546.00	47.52%
Reserve Pool	991918482	-491,076.00	-0.05%
RP Accumulated fees	37401	-	0.00%
Collateral (top 250) backing Smartcoins	428731283	14,360,348.00	3.47%
Top 100 Total	1,448,920,334	282,270,913.33	24.20%
Top 100 - minus Exchanges	705,592,078	289,702,207.33	69.66%
Exchanges	743,328,256	-7,431,294.00	-0.99%
Non Exchanges	1,865,326,416	7,922,370.00	0.43%

Profit/Expenses from the Bitshares Reserve Pool

The chart below show historic profit/expense from the Bitshares Reserve Pool where a positive number represents a W/W profit and a negative number means a W/W expense; Bitshares expenses include witness and worker pay and income includes network fees.

BTS Trading

Looking at the most active trading pairs for Bitshares (BTS). Data displayed is a 24 hour snapshot as taken on the date of this report and not a reflection on the week as a whole.

Market	Last Price	Price USD	24hr Vol BTS	24hr Vol USD	Vol %	Vol % Change W/W
USDT	0.23467427	0.23468351	25,846,995.92	6,065,863.80	48.99	-79.2%
BTC	0.0000274	0.23	22,575,024.71	5,256,586.93	42.8%	-62.7%
BITCNY	1.45	0.23353806	2,132,315.11	497,976.73	4.0%	-83.5%
ETH	0.00027951	0.23277974	2,030,474	472,653.30	3.8%	-70.3%

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

• Alfredo Garcia - Core Development for Second half of 2017
• 201708-bitsharesui
• Abit - Core Developer - 201712~201803
• Joint Marketing Campaign of Exchanges WP
• 201710-spokesperson
• 201710-compliance
• 201802-legal-bts
• BitShares Greater China Representative
• 201712-infrastructure
• DEXBot - User Friendly BitShares Market Making Software
• 201801-budget-chinese-translations
• Refund400k

Proposed Worker

• 2018-02-bitsharesui
• 201802-documentation
• 2017-12-blockchainacademy
• Crypto-Solutions
• 201802-legal-bts
• 201802-bsip29
• 2018-02-bitsharesui
• Soledger - Vikram/Agent86 - Project administration & essential maintenance
• Fund to pay dividend
• NeoWorker - neoreel-1

DEX: Most Active Markets

This section will show the BTS markets within the DEX and seek to highlight the most active markets.

The most active base pair is BTS and the top 3 pairs are CNY, Bridge.BTC and USD

Smartcoins

This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.

Asset	Supply	Price	Market Cap BTS	Market Cap USD	Supply Change W/W
BTS	2,608,654,672	0.234	2,608,654,672	$609,839,393.75	0.019%
BTS Stealth	287,492	0.234	287,492	$67,208.57	0.000%
Reserve Pool	991,918,482	0.234	991,918,482	$231,886,179.57	-0.049%
Accumulated fees	37,401	0.234	37,401	$8,743.44	0.000%
BitUSD	14,676,962	4.25	62,377,089	$14,582,231.31	-8.383%
BitCNY	214,187,182	0.667	142,862,850	$33,397,825.71	5.216%
BitEUR	132,583	5.23	693,409	$162,102.02	-0.753%
BitBTC	42	36,380	1,527,960	$357,199.52	-11.950%
BitGold	194	5,634	1,092,996	$255,515.62	0.000%
BitSilver	21,947	70	1,536,290	$359,146.87	-0.005%
Ruble	9,989,706	0.0735	734,243	$171,648.07	-20.689%
HERO	1,300	680	884,000	$206,657.49	-26.802%

Referral Stats

This section will track user referrals, to gauge active refers overtime. The chart below shows in blue the total number of referred users and in orange the new referrals for this week.

Account	Referrals	Change W/W
btsabc	5690	36
bitshares-munich	5460	12
bituniverse	4184	108
compumatrix1	2572	2
digital-nomad	2446	22
sdr	2380	1
jianjolly-0	1743	0
cryptofresh	1719	30
magicw	1594	30
bcp2017	1188	5
stormheart	1146	0
estefantt	1068	12
by24seven	994	23

Vote Proxies

This section will track the change in proxy voting

Account	Opinions	Followers	Weight (M)	Weight Change (M)
bitcrab	69	87	169.4	-7.5
xeroc	41	209	156.6	-3.8
openledger	36	8786	147	0.1
michaelx	52	101	77.3	-1.2
still	85	354	65.2	-0.6
blckchnd	32	1541	48.6	-5.1
abit	50	749	26.1	0
fav	32	155	26	-0.3
baozi	30	61	22.4	-1.6
payger	20	6	12.1	0

Committee Members

This section will track shareholder approval of committee members

Account	Votes (M)	Votes Change (M)
bitcrab	943.6	63.2
abit	932.2	66.1
bhuz	820.6	52.1
xeroc	800.6	56.2
openledgerdc	716.9	70.6
bunkerchainlabs-com	702.8	62.2
witness.still	695.8	72.1
clayop	626.9	65.2
ebit	561.3	86
chris4210	552.6	89.4
fav	412.8	-9.7

Active Witnesses

This section will track top 25 active witnesses and the changes in support

Rank	Witness	Votes	Missed	Missed W/W
1	in.abit 1.6.35	876.2	718	1
2	bhuz 1.6.17	782.4	1584	2
3	roelandp 1.6.74	778.9	37	1
4	witness.yao 1.6.71	771.3	3565	1
5	witness.still 1.6.69	764.5	9222	6
6	xn-delegate 1.6.59	750.5	2856	7
7	delegate-1.lafona 1.6.28	697.1	4407	1
8	xeldal 1.6.22	685.7	2277	4
9	delegate-zhaomu 1.6.98	684.2	21	5
10	abc123 1.6.65	668.9	1294	8
11	xman 1.6.64	643.1	1678	5
12	verbaltech2 1.6.34	610.1	3909
13	rnglab 1.6.45	596.7	2106	7
14	sahkan-bitshares 1.6.73	580.5	1199	2
15	fox 1.6.16	575.7	3666	40
16	delegate.freedom 1.6.63	575.5	4882	2
17	crazybit 1.6.84	566.6	480	2
18	elmato 1.6.20	547.5	4333	3
19	openledger-dc 1.6.76	540.7	648	5
20	blckchnd 1.6.75	452.8	959	2
21	wackou 1.6.18	427.8	1873	12
22	witness.hiblockchain 1.6.105	405.3	0
23	billbutler-witness 1.6.92	387.6	478	1
24	winex.witness 1.6.101	387.2	1
25	delegate.taolje 1.6.38	387.1	4771

Top 100 Distribution including Exchanges

This section looks at the top 100 rich list and compares account balances, this section will seek to identify changes in ownership which may lead to interesting investigations and early warning signs of upcoming projects

Rank	Account	Total BTS	Change W/W	Change W/W %
1	poloniexcoldstorage	230,001,204	-	0.00%
2	binance-cold-1	114,787,664	-	0.00%
3	binance-bitshares-gvbdb84k6h	78,559,302	489,146.00	0.63%
4	zbbts	78,059,951	7,622,221.00	10.82%
5	delta-lion	72,833,164	-2,179,920.37	-2.91%
6	gamma-rabbit	63,822,581	-11,600,592.13	-15.38%
7	poloniexwallet	60,738,160	-20,899,974.00	-25.60%
8	zbchubei01	60,000,090	-	0.00%
9	bitcc-bts-cold	46,750,970	5,610,658.00	13.64%
10	bittrex-deposit	24,466,477	-181,732.00	-0.74%
11	ranchorelaxo2017	21,769,774	4,791,489.00	28.22%
12	alpha-dog	20,203,306	5,527,821.35	37.67%
13	abit	20,081,511	-	0.00%
14	btschbtc	17,000,984	-	0.00%
15	stan	15,470,955	-	0.00%
16	a2dcdf323a8a576408f62604b17a...	15,315,859	-718,064.00	-4.48%
17	jubi-bts	14,591,906	-	0.00%
18	the-ae	12,764,306	7,235,250.00	130.86%
19	ld636433	12,462,609	4,155,578.41	50.02%
20	alexna64	12,143,695	-	0.00%
21	aloha	11,829,826	-2,281,789.00	-16.17%
22	yun-bts	11,321,340	-71,613.00	-0.63%
23	echocold1	11,097,651	-	0.00%
24	anonymous	11,063,774	78,217.00	0.71%
25	evan	10,659,692	-	0.00%
26	gate-io-bts	10,437,572	9,437,572.00	943.76%
27	getch-bts	9,535,172	-	0.00%
28	graphene2015	9,258,794	31,530.00	0.34%
29	virtual-ventures	9,153,485	-	0.00%
30	yoyow.team	8,876,484	-	0.00%
31	onceuponatime	8,822,647	-283,519.00	-3.11%
32	ibilitlan-scoltock	8,673,958	-	0.00%
33	bts-subscribe	8,275,316	-49,106.00	-0.59%
34	roje	8,040,409	-	0.00%
35	cievia-waugaman	7,990,214	-	0.00%
36	mr-wang	7,856,959	-	0.00%
37	invictus	7,494,364	-	0.00%
38	jiny2	7,438,984	-	0.00%
39	haeassa-granovsky	7,431,931	-	0.00%
40	btercom	7,050,208	-	0.00%
41	abc.btsbots	7,025,540	-2,000,000.00	-22.16%
42	tel-911	7,000,020	-	0.00%
43	cass	6,737,585	-	0.00%
44	denkhaus	6,715,773	-1,585,710.00	-19.10%
45	abinia-rivard	6,550,563	-	0.00%
46	enki	6,512,954	1,856,805.00	39.88%
47	keebler-kahn	6,500,770	-	0.00%
48	tyrone-shoelaces	6,498,541	-	0.00%
49	tsuratsura-3557	6,390,852	-	0.00%
50	adidas.com	6,376,034	376,034.05	6.27%
51	bts-morning	5,899,220	-	0.00%
52	btsbank-alpha	5,892,076	13.40	0.00%
53	bristolbay	5,870,124	-63,380.00	-1.07%
54	fericia-brick	5,766,623	-	0.00%
55	btszhqxf	5,734,712	-	0.00%
56	spring	5,560,779	-	0.00%
57	storj	5,548,173	447.00	0.01%
58	hnnr8	5,460,998	-	0.00%
59	cadord-ozois	5,423,173	-	0.00%
60	xhunter	5,192,094	-	0.00%
61	jeraud-kanze	5,172,698	-	0.00%
62	arbor4	5,008,537	-	0.00%
63	rvrts	4,963,633	-	0.00%
64	bitcoinindonesia	4,915,161	429,369.00	9.57%
65	linhan	4,824,288	194.00	0.00%
66	brother-john	4,812,086	-187,924.00	-3.76%
67	geravia-mackinnon	4,777,691	-	0.00%
68	bettersbts	4,664,417	1,106,255.28	31.09%
69	xgqing	4,351,903	-	0.00%
70	btsxzzh2	4,348,432	-	0.00%
71	seer	4,213,794	350,000.00	9.06%
72	ptschina	4,114,442	-25.00	0.00%
73	quonael-lievesley	4,087,235	-	0.00%
74	bts1998	4,000,023	1,676,471.07	72.15%
75	coldstorage1	4,000,000	-	0.00%
76	oh-bts	4,000,000	-	0.00%
77	super-bts	3,999,990	-	0.00%
78	slim	3,939,098	-	0.00%
79	wesley-waugaman	3,921,027	-	0.00%
80	ifly	3,904,917	2,904,917.00	290.49%
81	serg	3,867,349	-	0.00%
82	goodc0re	3,778,712	-	0.00%
83	backup.yao	3,626,762	1,626,761.52	81.34%
84	peak-yannie	3,333,334	2,333,334.00	233.33%
85	rit-capital-partners	3,306,194	-329,961.98	-9.07%
86	y-123	3,232,649	147,619.62	4.79%
87	bafohald-degeorge	3,189,866	-	0.00%
88	scottmclane	3,177,116	-	0.00%
89	livecoin-net	3,164,344	265,322.00	9.15%
90	bilbo-baggins	3,151,030	-	0.00%
91	lao-wallet	3,140,242	-	0.00%
92	cylonmaker2053	3,135,503	-	0.00%
93	lyh-2012	3,121,901	181,658.00	6.18%
94	aleks	3,052,476	-2,637,099.64	-46.35%
95	makkiavelli1977	3,036,928	137,119.00	4.73%
96	null-account	3,011,947	-	0.00%
97	mcxcwbts	3,000,686	-	0.00%
98	billion-hero-prize	3,000,000	-	0.00%
99	roland.sun	2,923,130	-	0.00%
100	jackkang	2,860,941	-	0.00%

Thanks for viewing :)

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I hope you enjoyed this report! :)

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