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Messages - chigbolu

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31
Our pool for BTS/CRUDE.NGN is now running
Our pool ID is 1.19.40

32
The Feed Price Lifetime of CRUDE.BTS has been adjusted to 6days while the Forced settlement delay is now an hour. Also Maximum settlement volume is set to 100%

33
General Discussion / How to Profit From Bitshares’s AMM Liquidity Pool
« on: December 14, 2020, 02:26:20 pm »
Bitshares Automated Market Marker Liquidity Pool (AMMLP) is the newest addition to a host of financial tools on the Bitshares DEX. The primary aim of the pool is to provide liquidity for an asset pair usually asset B via trade swaps with asset A, this is good for assets that have no real market liquidity (i.e very few trades) where quick swaps(trade) can be done to access the token probably at a better price than on the real market or to buy in large quantities than is possible on the market. The pool is usually created with three assets/tokens, Asset A, which is the base asset that will be used to fund the pool (or swap) and Asset B, which is the asset that is withdrawn (or taken out of the pool) and Asset C which is the Liquidity pool token (N/B the asset used as the fee pool token must be UIA and must have a zero supply; any asset that fit this criteria can be used).
Asset C can be viewed as a smart contract token because it can only be issued when liquidity is provided to the pool, it is given to liquidity providers who have staked both Asset A and B. The first issue of asset C is used to determine the price of the pool, this cannot be changed from there onwards unless the provider removes liquidity and returns asset C’s supply back to zero (This is a risk as anyone can determine the starting price of the pool, its best practice to immediately fund the pool after creation). This makes the first liquidity provider the pool manager (the creator of the pool), he sets the initial price of the pool and then manages it from there onwards.
Now to the important part, how to profit, profiting from the AMMLP depends on a number of factors;
i. The purpose/aim of the pool: As earlier said the primary purpose is to provide liquidity for asset B, this translates into other use cases like arbitrage trading, mining, fund generation, and smart contracts.
ii. Pool management: the pool is originally supposed to be managed by the creator, who in most cases is supposed to hold more of the LP token, but this is not always the case as pools can be created and left to market forces.
iii. Market conditions: This is another important factor as the market conditions of the three assets usually determines how best one can profit from the Pool. For example if Asset A is more valuable than Asset B, traders will prefer to provide liquidity than to swap for asset B and vise versa. Traders will also provide liquidity if Asset C is perceived to be more valuable than both A and B.
iv. Asset Pool fees: This last factor is not too important as it only favors the asset owners, however the supply of the LP token depends on Asset A and the taker fee percent initially set by the pool manager, while the maker fees affect the swap smaller fees allow for easier arbitrage/swaps.
It is also important to note that selling asset C passes the contract rights to the new owner. Asset C is dynamic and can be redeemed by anyone who holds the token whether they added liquidity or not, also the supply of Asset C depends on the amount of asset A in the pool.
Currently the most liquid Pool is the BTS/CNY pool which holds up to 1.57million bitshares… Bitsharescrude has also started its own BTS/CRUDE.NGN pool and plans to hold up to 1.25Million BTS in swaps by 2021.

Follow the link below to see how to setup a pool

https://github.com/bitsharescrude/CRUDE.BTSP/issues/1

34
Trading Reward update
Bitsharescrude has been running it's trading reward program for about 3 months now, it hasn't gone as well as thought, however the CRUDE.NGN/EVRAZ market has thrived strongly since the beginning of the program. Due to this and recent events the trading reward program will now be streamlined for convenience, from this month onwards but the reward stays thesame...

 Market Rules

• Traders MUST have at least 1000CNGN in their accounts to be eligible, this amount must visible on bts.ai or any bitshares explorer because results are calculated manually.

• The top ten active traders with a visible bid equivalent to at least 1000CNGN will get to share the reward pot.

• The reward pot will be calculated using 1% of the total amount of CNGN held by each of the ten accounts.

• The reward will be in CRUDE.BTS in line with the new vision of bitsharescrude.

• The reward pot will be shared on a weekly basis after an overview of market orders and CNGN holders.


The next reward pot will be shared on the 6th of December 2020 after calculations are completed.

Here are the top ten traders for last week (Reward is in CRUDE.BTS)
nonso-isi 4.159
misha-luk 3.476
altin 2.901
shlvn 2.203
shirak 2.167
arisha-luk 2.072
jarko-srb 2.060

But they wont get their price because they didnt follow the rules...

35
General Discussion / Bitshares TA for 13th December 2020
« on: December 12, 2020, 07:35:55 pm »
Bitshares has traded between 0.0273-0.0178USD. It is currently trading at 0.0215USD and is currently sitting on a descending to symmetric triangle pattern. In the short term BTS still shows signs of weakness and a break below  0.0195USD may cause continued sell pressure probably down to 0.016USD . Bitshares above 0.022USD may trigger an upward rally, there were chances for this yesterday but the bulls are probably not sure yet , so far in the long term bitshares looks poised for a nice rally up so for now just buy the dips.... ;D
CURRENT PRICE TARGETS
Uptrend ---> abv 0.024 -> 0.028-0.33USD
Downtrend ----> below 0.0195 -> 0.014-0.013USD
Sideways ---> 0.023-0.0195USD...

36
General Discussion / Re: Who owns this wallet?
« on: December 09, 2020, 06:24:06 am »
same goes for this one i lost 7350 bts to last year

https://bts.ai/details/account/bts-binance-1
Sorry about that.... I don't why someone would do this another person, not that they're even using the funds, it just sits there so painful...

37
General Discussion / Re: Analysis of My Bitshares transaction blunder
« on: December 06, 2020, 12:44:10 am »
Sorry to hear of that expensive mistake. I do hope you can recover from this!

The UI allows to add "Contacts" or "Favorites". The Account Selector on first click should also populate those (just tested on develop, does not seem to work). Furthermore, contacts are highlighted in green. The issue is that people simply don't use that function. The UI would need to train or know by itself what the exchange accounts are (imho).
Yes I saw the contact option, I didn't know that was it's function, it works, now I can save my favorite wallets

38
Week 12 Top Ten Trading Reward
 misha-luk 3.362CBTS

Next reward pot will be shared on 13th Dec 2020

39
Trading Reward update
Bitsharescrude has been running it's trading reward program for about 3 months now, it hasn't gone as well as thought, however the CRUDE.NGN/EVRAZ market has thrived strongly since the beginning of the program. Due to this and recent events the trading reward program will now be streamlined for convenience, from this month onwards but the reward stays thesame...

 Market Rules

• Traders MUST have at least 1000CNGN in their accounts to be eligible, this amount must visible on bts.ai or any bitshares explorer because results are calculated manually.

• The top ten active traders with a visible bid equivalent to at least 1000CNGN will get to share the reward pot.

• The reward pot will be calculated using 1% of the total amount of CNGN held by each of the ten accounts.

• The reward will be in CRUDE.BTS in line with the new vision of bitsharescrude.

• The reward pot will be shared on a weekly basis after an overview of market orders and CNGN holders.


The next reward pot will be shared on the 6th of December 2020 after calculations are completed.

40
General Discussion / Re: Analysis of My Bitshares transaction blunder
« on: December 05, 2020, 10:56:45 pm »
Sorry to hear of that expensive mistake. I do hope you can recover from this!

The UI allows to add "Contacts" or "Favorites". The Account Selector on first click should also populate those (just tested on develop, does not seem to work). Furthermore, contacts are highlighted in green. The issue is that people simply don't use that function. The UI would need to train or know by itself what the exchange accounts are (imho).
Noted I'll check it on the UI, and yes I will recover, it will only take time, plus a good samaritan has lent me some bitshares to continue my project

41
General Discussion / Analysis of My Bitshares transaction blunder
« on: December 02, 2020, 03:36:58 pm »
Yesterday  at about 15:00 Nigerian time, I accidentally sent 15000BTS to a fake binance wallet  https://bts.ai/tx/d155375c023afafe01a892c5616a191effd02ed8 ;  binanace-bts-1 instead of binance-bts-1 the extra letter 'a' cost me to lose over half my life's worth...
Much of this cosmic comical error is attributed to my negligence and mental temprament which admittedly at the time of making this transaction was unstable (No right thinking person would make this mistake). However 10% of the blame falls on the bitshares UI I used to make the transfer. I say 10% because I still would have confirmed the transaction 9 out of 10 times due to the aforementioned conditions. The confirmation write up on the UI was too tiny to read and there was no clear way to know if I was sending to the wrong wallet unless with proper analysis.

That being said my Gross inability to perform a simple copy and paste operation was ultimately my undoing and no fault of anyone but myself... My advice to Bridge exchanges is to improve the send function of their UI by making the write up more legible and by adding an extra feature called favorite wallets, so that users that want to perform familiar transactions can easily do so without much scrutiny and mistakes.... Also a new option to make memo transactions compulsory should be added, this is to avoid sending BTS to external wallets without memo...

I sincerely apologise to everyone at Bitshares who have been supportive of my project and I promise to do better next time...
The project will now be on halt for now due to liquidity issues until my position improves...

42
General Discussion / Who owns this wallet?
« on: December 01, 2020, 02:56:50 pm »
Please who is the owner of this address https://bts.ai/details/account/binanace-bts-1????

43
Week 11 Top Ten Trading Reward

altin 2.408EVRAZ/ 5.168CLVRG
jarko-srb 2.328EVRAZ/ 4.995CLVRG
amanter 1.048EVRAZ/2.249CLVRG
shirak 0.950EVRAZ/ 2.038CLVRG
shlvn 0.944EVRAZ / 2.025CLVRG
bu-dva 0.925EVRAZ/ 1.986CLVRG
koba 0.824EVRAZ/ 1.768CLVRG

Next Reward Pot will be shared on the 6th of December 2020

44
General Discussion / CRUDE.LVRG and it's potential for profit
« on: November 23, 2020, 01:50:12 pm »
CRUDE.LVRG is a leverage token, that derives it's value from the price change of Bitshares, due to Bitshares high volatility, the price change is calculated weekly and multiplied by 5, the resulting price is then reflected on the order books.
CLVRG is a new form of derivative market different from the options and margin market and carries much less risks than both, because collateral is not needed to open positions, only initial capital is required, to invest in CLVRG.
Profit is earned by the severe price flunctuations generated by the asset, wild swings up and down even at little percentage changes, is the perfect haven for cryptocurrency traders, who wish to make more profit.
It is worth noting that assets like this are already existing on other platforms, they include btcup, btcdown, ethup/down, wavesup/down, adaup/down, etc.... and they have been very successful.
CLVRG follows thesame principle as the other leverage asset, each LVRG token created = 5x its amount in bitshares, so when 1CLVRG is sold whether at profit/loss, it is equivalent to 5BTS being sold on the market.

45
Week 10 Top Ten Trading Reward

jarko-srb 3.289EVRAZ
Koba 3.122
gich-go 2.844EVRAZ
arisha-luk 1.881EVRAZ
evrazb9  1.783 EVRAZ
bu-dva 1.703EVRAZ
global-ru 1.609EVEAZ
Monkada 1.414EVRAZ
global-invest 1.404
altin 1.275

Next Reward Pot will be shared on the 29th of November 2020

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