Author Topic: ALTCAP - SMARTCOIN - backed by bitBTC - CRYPTO-CURRENCY COMPETITION  (Read 3540 times)

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iHashFury

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I released bts_tools version 0.4 which adds support for publishing feeds for the ALTCAP asset!

See here: https://bitsharestalk.org/index.php/topic,19537.msg291276.html#msg291276

I do compute it from the average between what CoinCap and CoinMarketCap say, so it's slightly different than just CoinCap, let's see if that's an issue or not.

Awesome!
Thanks for adding a decentralised feed  8)
This makes ALTCAP a lot more robust.  +5%

Offline wackou

I released bts_tools version 0.4 which adds support for publishing feeds for the ALTCAP asset!

See here: https://bitsharestalk.org/index.php/topic,19537.msg291276.html#msg291276

I do compute it from the average between what CoinCap and CoinMarketCap say, so it's slightly different than just CoinCap, let's see if that's an issue or not.
Please vote for witness wackou! More info at http://digitalgaia.io

iHashFury

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Added some more liquidity to ALTCAP and updated the description.

Offline yvv

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Cool idea. Why openledger does not show coin description like cryptofresh does?

iHashFury

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wanted to let you know that I will update my bts_tools to publish this feed, and will publish it as soon as I have it ready.

Always excited with these new "smart" coins/assets, I think it really shows the strength of the BitShares platform and how it can behave as a "decentralized polymorphic digital asset exchange" :)

Thank you and well said!  8)

iHashFury

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btw, I just saw that you have set those parameters:

Code: [Select]
MCR: 136%
MSSR: 106.9%

I assume that's on purpose, do you want all feed publishers to use the same parameters?

The Idea is to allow more volatility by allowing less collateral to promote high frequency trading.
I am  open to suggestions to how this can best be achieved.

added wackou to feed producers

Offline wackou

btw, I just saw that you have set those parameters:

Code: [Select]
MCR: 136%
MSSR: 106.9%

I assume that's on purpose, do you want all feed publishers to use the same parameters?
Please vote for witness wackou! More info at http://digitalgaia.io

Offline Empirical1.2

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If you want to take the island burn the boats

Offline wackou

wanted to let you know that I will update my bts_tools to publish this feed, and will publish it as soon as I have it ready.

Always excited with these new "smart" coins/assets, I think it really shows the strength of the BitShares platform and how it can behave as a "decentralized polymorphic digital asset exchange" :)
Please vote for witness wackou! More info at http://digitalgaia.io

iHashFury

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You might want to compare the to-be-published price with the current price on the BitShares blockchain and prevent your script from posting prices that changed more than x% to make sure coincap.io does NOT play your feed.

I believe it is not in coincap.io's interest (or finance.yahoo.com / any exchange) to play with feeds if they wish to be taken seriously as an information source.

I am open to suggestions on how to add security and simplicity

Offline xeroc

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You might want to compare the to-be-published price with the current price on the BitShares blockchain and prevent your script from posting prices that changed more than x% to make sure coincap.io does NOT play your feed.

iHashFury

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Welcome to ALTCAP, exclusively available on BitShares. If you're bored with the lack of volatility – spice up your trading with ALTCAP.

ALTCAP is a SmartCoin linked to the value of the total altcoin market capital.
ALTCAP is valued directly against the bitcoin market capital.
ALTCAP can be used to take advantage of the volatility between altcoins and bitcoins.
ALTCAP allows you to invest in all altcoins in one easy SmartCoin.
ALTCAP is one of the first SmartCoins backed by bitBTC

Trade  @ http://j.mp/ALTCAP
Info      @ http://cryptofresh.com/a/ALTCAP
Info      @ https://bitshares.openledger.info/?r=by24seven#/asset/ALTCAP

This SmartCoin tracks the ratio of the altcoin market to the bitcoin market capital using coincap.io
Code: [Select]
For example:

Market Capital:
btcCap $ 6427240960.0
altCap $ 1557954478.0

ALTCAP Prices:
ALTCAP:bitBTC   0.24239864160935395
bitBTC:ALTCAP   4.125435659872984

According to your crypto currency preferences, test out your scenario below and enjoy this roller coaster ride!

Quote
ALTCAP = Altcoins v Bitcoins
ALTCAP SmartCoin Crypto Currency Competition.

Bitcoiners - borrow ALTCAP with bitBTC - sell it high and buy back cheaper for profit (short ALTCAP)
"V"
Altcoiners – buy ALTCAP low and sell it high for a profit.

ALTCAP is designed to be a high volatility SmartCoin which tracks the bitcoin : altcoin market capital ratio.  If you're bored with the lack of volatility, this is the SmartCoin for you. This is also an easy way to invest in or short altcoins compared to bitcoin.  You can also take advantage of the volatility between altcoins and bitcoins. Don't know which altcoin to invest in? Just choose ALTCAP and you have invested in them all!

Many thanks to @xeroc for his help with the feed script.
Witnesses, would you like to provide feeds for this SmartCoin? Please post below.
« Last Edit: May 31, 2016, 12:24:58 pm by iHashFury »