Author Topic: Bit20 - The cryptocurrency index fund  (Read 19426 times)

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Offline EstefanTT

Bit20 - The cryptocurrency index fund
« on: December 19, 2016, 01:54:31 pm »


But how exactly is it made, what are the coins in it and how can I invest in it?

I'm here to share with you this promising blockchain project and answer all your questions. 

I wanted to create a tool that allows anyone to invest in the global economic growth of cryptocurrencies without a headache. Just buy something that will track this soon economic Cambrian explosion.
This tool had to be decentralised because we all know how centralised projects dealing with money end up, especially in the cryptocurrency world. So my team and I have created a cryptocurrency index fund (ETF like).

I want to spread the information about this index fund in the crypto community so everyone can invest in a great asset that will grow as the cryptocurrency global market grows. Not something going up and down wildly, but more something like a monster slowly waking up and devouring the fiat money markets.

I want it to be a place where you can store your value with a high probability that months later, you will still have your investment intact and a nice return on investment.

I also want to spread the word out of cryptocurrencies. My plan is to start with the cryptocurrency savvy crowd and then move on to trading forums, forex, stock markets and others. This is how I aim to make new money comes into this space. The bigger the index daily volume will grow, the easier is going to be to promote it and make people interested in crypto.

The index took almost a 2 years to be fully tested and heavily reviewed. It´s finally ready and has been officially launched on the BitShares decentralised exchange on 16/12/2016. The index is fully decentralised and every Bit20 will always be backed by a minimum of 175% of its value.

Here is the evolution of Bit20 ober the last 18 month in $ :



This is 100% secure, 100% decentralised, 100% pure cryptocurrency !

If you have any question, please have a look on the website at the "FAQ"  or "About Bit20" tab. If you don't find what you are looking for, I'll do my best to answer you in this post.




« Last Edit: December 23, 2016, 04:53:06 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline 天籁

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Re: Bit20 - The cryptocurrency index fund
« Reply #1 on: December 19, 2016, 03:01:26 pm »
+5%

Offline Stan

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Re: Bit20 - The cryptocurrency index fund
« Reply #2 on: December 19, 2016, 03:21:20 pm »
+1
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline hcf27

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Re: Bit20 - The cryptocurrency index fund
« Reply #3 on: December 19, 2016, 03:27:47 pm »
Amazing!! many congrats!  +5%  +5%  +5%

I hope we can find some shorters for this market!


Offline yvv

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Re: Bit20 - The cryptocurrency index fund
« Reply #4 on: December 19, 2016, 04:12:19 pm »
Looking forward to hound my btsbot on it.

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #5 on: December 19, 2016, 06:02:54 pm »
Amazing!! many congrats!  +5%  +5%  +5%

I hope we can find some shorters for this market!

There are already some ;p



http://cryptofresh.com/a/BTWTY
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #6 on: December 19, 2016, 06:05:57 pm »
Looking forward to hound my btsbot on it.

I would love to see a trading bot on this market  +5% +5% +5%

Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline yvv

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Re: Bit20 - The cryptocurrency index fund
« Reply #7 on: December 19, 2016, 06:32:56 pm »
Looking forward to hound my btsbot on it.

I would love to see a trading bot on this market  +5% +5% +5%

There are already some. Btsbot reference price is a bit off now, but it will hopefully adjust. I feel that this coin is going to be successful.

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #8 on: December 19, 2016, 06:50:17 pm »
Looking forward to hound my btsbot on it.

I would love to see a trading bot on this market  +5% +5% +5%

There are already some. Btsbot reference price is a bit off now, but it will hopefully adjust. I feel that this coin is going to be successful.

It's a good feeling to have .. both for BitShares and Bit20  ;)
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline compumatrix

Re: Bit20 - The cryptocurrency index fund
« Reply #9 on: December 20, 2016, 01:15:18 am »
 +5%

Offline DestBest

Re: Bit20 - The cryptocurrency index fund
« Reply #10 on: December 20, 2016, 06:47:18 pm »
Awesome !  +5%
BitShares French ConneXion, le portail francophone BitShares.
BitShares French ConneXion, the BitShares french gateway.
www.bitsharesfcx.com

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #11 on: December 21, 2016, 01:35:16 pm »
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 today. Here is the new composition of the Bit20 Index Fund:

BTC / 10 % / 0.35831181695703 coins / 799.821 USD
ETH / 10 % / 37.199209735944 coins / 7.70407 USD
LTC / 10 % / 78.238296619253 coins / 3.66298 USD
XMR / 10 % / 33.772219777015 coins / 8.48583 USD
ETC / 10 % / 251.16149806351 coins / 1.14104 USD
DASH / 8.7433342390011 % / 24.658628597813 coins / 10.1616 USD
MAID / 5.2747667050028 % / 1601.6463697779 coins / 0.0943823 USD
XEM / 4.1356821886812 % / 31852.260162871 coins / 0.00372101 USD
STEEM / 3.9711412874907 % / 810.28584634357 coins / 0.140453 USD
REP / 3.8166925154033 % / 38.930540199065 coins / 2.80964 USD
ICN / 3.5079674915334 % / 307.90518157442 coins / 0.326507 USD
FCT  / 3.1909651978308 % / 30.978867219368 coins / 2.95196 USD
DOGE / 2.8887791504422 % / 380021.98060263 coins / 0.000217851 USD
WAVES / 2.6213206871199 % / 353.91400180968 coins / 0.212264 USD
XLM / 2.4693787079238 % / 24496.278131841 coins / 0.00288896 USD
DGD / 2.3290265860039 % / 7.0782800361936 coins / 9.42976 USD
PEERPLAYS / 2.3032139917805 % / 3.5391400180968 coins / 18.6505 USD
LSK/ 1.8395816647623 % / 356.73730553889 coins / 0.147783 USD
GAME / 1.5350986397995 % / 210.33401465615 coins / 0.209161 USD
EDR / 1.3730509472244 % / 48.208871895696 coins / 0.816232 USD

The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. Here it is :

http://cryptofresh.com/tx/14d715654ce5b724f4c27dd54982a84ee1d72c2f

Don't hesitate anymore and have a look on the Bit20 market : BitShares Decentralised Exchange pair (BTWTY : BTS)

You'll find on the website the composition with the updated price of each coin and the total value of the index



(BitShares almost make it but yesterday it went out of the index just before the revision happened ... next time, we'll be there !!!)
« Last Edit: December 23, 2016, 04:20:03 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline Thom

Re: Bit20 - The cryptocurrency index fund
« Reply #12 on: December 22, 2016, 03:54:13 am »
Verbaltech2 is now publishing the feed for this index.
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #13 on: December 22, 2016, 12:38:33 pm »
Verbaltech2 is now publishing the feed for this index.

Indeed, Thom is then the 3rd witness to publish the price feed. The initial "promotion" where I gave 1% of the future benefit from Bit20 market to each of the 3 first witnesses is now closed.

With 3 witnesses we have enough "decentralisation" and "security" to grow this market to the next level.

Later on we may need more witnesses to publish the price feed in order to have a better public image if the market grow to a certain point. Feel free to send me a email to [email protected] if you wish to support Bit20 and publish the feed.

Special thanks you for Wackou who has been the first witness to publish the feed, quickly followed by Fox and now Thom (verbaltech2) !!!

« Last Edit: December 22, 2016, 06:33:11 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline 天籁

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Re: Bit20 - The cryptocurrency index fund
« Reply #14 on: December 23, 2016, 12:23:14 pm »
Publisher [member=5333]Fox[/member] set MSSR=150%,others 110%,why?

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #15 on: December 23, 2016, 04:55:48 pm »
Publisher [member=5333]Fox[/member] set MSSR=150%,others 110%,why?

Nice catch, it's 110. It will be adjusted. Thanks 天籁 !
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #16 on: December 23, 2016, 05:26:29 pm »
Amazing!! many congrats!  +5%  +5%  +5%

I hope we can find some shorters for this market!

Shorters are coming at the party. Cautiously thought !

Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline yvv

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Re: Bit20 - The cryptocurrency index fund
« Reply #17 on: December 23, 2016, 05:37:21 pm »
It is actually a good time to short, since it is traded at over 100% premium from peg. You can short bit20 now, buy underlying altcoins, then wait when bit20 price drop to peg price and settle debt with profit.

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #18 on: December 28, 2016, 09:16:39 pm »
It is actually a good time to short, since it is traded at over 100% premium from peg. You can short bit20 now, buy underlying altcoins, then wait when bit20 price drop to peg price and settle debt with profit.

It's indeed a good time to short (not an investment advice). The index is trading way above the feed price.
It has it's logic when you consider it has been growing quite steadily since its creation. With that said, I don't believe the price will drop back to the peg. I imagine it will keep trading above but probably not that much above.

Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline Fox

Re: Bit20 - The cryptocurrency index fund
« Reply #19 on: December 29, 2016, 05:38:11 am »
Publisher [member=5333]Fox[/member] set MSSR=150%,others 110%,why?
Sorry [member=5185]天籁[/member] my pricefeed parameter was incorrect and has now been updated to 110% as requested by [member=32961]EstefanTT[/member]. Thank you for noting my oversight.

Point of information: The Graphene default for "maximum_short_squeeze_ratio" is %1500 (150%), so I needed to explicitly supply the requested value within my transaction construction.
Witness: fox

Offline yvv

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Re: Bit20 - The cryptocurrency index fund
« Reply #20 on: December 29, 2016, 09:10:33 pm »
It is actually a good time to short, since it is traded at over 100% premium from peg. You can short bit20 now, buy underlying altcoins, then wait when bit20 price drop to peg price and settle debt with profit.

It's indeed a good time to short (not an investment advice). The index is trading way above the feed price.
It has it's logic when you consider it has been growing quite steadily since its creation. With that said, I don't believe the price will drop back to the peg. I imagine it will keep trading above but probably not that much above.

The market actually needs a "whale" to short 0.2 bit20 to correct the price. Tiny amount.

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #21 on: January 01, 2017, 10:44:38 pm »
There is maybe an opportunity here.

Bittwenty just went from 2588$ to 3378$ in the last 3 weeks. If there is a correction following this fast growth, shorters could potentially make nice ROI.

Another reason is the fact that the index is trading much higher at the moment that the actual feed price !



( The above references are for information purposes only. They are not intended to be investment advices. )
« Last Edit: January 01, 2017, 10:46:19 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #22 on: January 22, 2017, 03:52:50 pm »


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 / 10 % / 0.3854773219037 coins / 895.6 USD
ETH / 10 % / 32.498852891548 coins / 10.62294385125 USD
LTC / 10 % / 88.565054250129 coins / 3.8980779995 USD
XMR / 10 % / 28.92826512812 coins / 11.93412352825 USD
ETC / 10 % / 257.36612183967 coins / 1.34141 USD
DASH / 10 % / 22.706874335723 coins / 15.2039195 USD
MAID / 5.605192749948 % / 1657.516765057 coins / 0.116746949 USD
REP / 5.1693273075855 % / 40.288558071114 coins / 4.4296072885 USD
STEEM / 3.924900604758 % / 846.10289746884 coins / 0.16014684925 USD
ICN / 3.5907407484569 % / 318.64586951525 coins / 0.389035 USD
XEM / 3.3896076556812 % / 32963.365811923 coins / 0.00355002 USD
FCT / 2.6409348553145 % / 32.059506452613 coins / 2.843896418 USD
WAVES / 2.4919257838923 % / 366.25962013247 coins / 0.234887 USD
DOGE / 2.3550144139601 % / 394851.50216399 coins / 0.00020590775 USD
ZEC / 2.2434315986638 % / 1.7798610600765 coins / 43.515066239 USD
DGD / 1.8400299274678 % / 7.3251924026494 coins / 8.67199 USD
GNT / 1.7529318236962 % / 3003.3288850863 coins / 0.02015 USD
XLM / 1.7311981425606 % / 25350.785156319 coins / 0.00235759 USD
LSK / 1.678530301772 % / 373.9432348432 coins / 0.154966 USD
USDT / 1.5862340862431 % / 54.761565259618 coins / 1.00001 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/tx/e07772ffc581ca5d64d0c58bffa91be5a2b8113d

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



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.


Don't hesitate anymore and have a look on the Bit20 market !!!





« Last Edit: February 21, 2017, 12:35:23 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #23 on: February 01, 2017, 08:33:48 pm »
Market settings changes

Hello dear traders and investors,

Bit20 has been evolving nicely since it's inception in December 2016. We are happy to observe that traders are buying and selling much higher than the "theoric" index price.

Why is that ?

Well, simply because they saw what Bit20 has performed very well in the last 18 months and deduce they can buy it even with a 50% premium, it's still a good investment with lots of potentials.

This market has been created with some very specific settings. These settings have been adjusted before the market was born.
Now that we have seen the price stabilising around 140% of the theoric asset price, we can adjust the market settings to fit better its trading environment.

2 changes:

The MSSR: When a shorter have its collateral falling below 175% of the price feed, a margin call will happen. A buy order will be automatically created in the market to buy back its undercollateralized asset(s).
This process guarantee that all smartcoins on the BitShares decentralised exchange are always well collateralised.

The MSSR is set at 110% at the moment. This would be good for gold or dollars because they are traded close to the price feed. No need then to buy back much higher.

In our Bit20 market, the asset is traded around 140% of the price feed. A buy back at 110% wouldn't be bought anytime soon. We will increase this value progressively until it reaches a value where it can be bought. It will be somewhere between 120% and 140%

What does it change for you concretely?

Really not much.

For the buyer, nothing at all.

For the shorter, you still can borrow BTWTY with the usual 175% collateral, the only difference is the price of the margin call if your collateral falls under the limit. If you are aware of what you do when you short BTWTY, that limit shouldn't be reached. If it is, the price you will be margin call will probably be around the one you sold and maybe cheaper, the spread is still wide. We won't raise this value until the point it is discouraging shorters, our goal is to incentive as many as possible!

Second change. After receiving some requests, we will enable the force settlement setting.
This option allows anyone with BTWTYs to force the market to buy the asset(s) they own at the price feed. The fact that this market is traded much higher than the theoric price feed make this option irrelevant because it's  easy to sell at a better price than the price feed. 

In order to let everyone consider this information, we will wait for 48h before operating any change.

Happy trading!
« Last Edit: February 16, 2017, 12:52:52 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline yvv

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Re: Bit20 - The cryptocurrency index fund
« Reply #24 on: February 02, 2017, 05:21:15 am »
Quote
Second change. After receiving some requests, we will enable the force settlement setting.
This option allows anyone with BTWTYs to force the market to buy the asset(s) they own at the price feed. The fact that this market is traded much higher than the theoric price feed make this option irrelevant because it's  easy to sell at a better price than the price feed.

Forced settlement may be usefull if someone wants to settle larger amount than currently offered on the market. Just make max forced settle volume not too small and not too large.

And by the way, if you make MCR 150%, we will have the same leverage as on poloniex, 2.5x.
« Last Edit: February 02, 2017, 06:27:35 am by yvv »

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #25 on: February 16, 2017, 12:56:10 pm »
Quote
Second change. After receiving some requests, we will enable the force settlement setting.
This option allows anyone with BTWTYs to force the market to buy the asset(s) they own at the price feed. The fact that this market is traded much higher than the theoric price feed make this option irrelevant because it's  easy to sell at a better price than the price feed.

Forced settlement may be usefull if someone wants to settle larger amount than currently offered on the market. Just make max forced settle volume not too small and not too large.

And by the way, if you make MCR 150%, we will have the same leverage as on poloniex, 2.5x.

Bittwenty is volatile just like BTS. We can expect wild swings when they will go in opposite direction. I feel 150 MCR is very few collateral.
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #26 on: February 21, 2017, 12:34:17 pm »
Bit20 - The cryptocurrency index fund [2017/02/21 - 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 / 17516781304 USD / 10 % / 0.35764448027206 coins / 1082.98 USD
ETH / 1093988858 USD / 10 % / 31.535251112308 coins / 12.282185985 USD
LTC / 188177083 USD / 10 % / 102.66118427817 coins / 3.7728165905 USD
XMR / 170694161 USD / 10 % / 31.650453499685 coins / 12.2374808705 USD
DASH / 153665136 USD / 10 % / 17.929543009296 coins / 21.602436774 USD
ETC / 108423625 USD / 10 % / 318.04402578721 coins / 1.2178245395 USD
MAID / 87362348 USD / 8.1295085045543 % / 1631.1009486613 coins / 0.193043602 USD
XEM / 58631261 USD / 5.4559354898777 % / 32438.02977186 coins / 0.0065145845 USD
REP / 55544720 USD / 5.1687172330017 % / 39.646480494174 coins / 5.04952 USD
ICN / 30309495 USD / 2.8204518652732 % / 313.56761845392 coins / 0.348385 USD
STEEM / 27511086 USD / 2.5600457488451 % / 848.35863859789 coins / 0.11688 USD
FCT / 25827208 USD / 2.4033523811069 % / 31.548575757129 coins / 2.950595373 USD
WAVES / 24585200 USD / 2.2877772525776 % / 360.42254994703 coins / 0.245852 USD
DOGE / 22263906 USD / 2.0717691009358 % / 390097.07064559 coins / 0.000205703 USD
ZEC / 21920735 USD / 2.0398353030596 % / 2.5509586535325 coins / 30.9716004 USD
GNT / 20447381 USD / 1.9027322586998 % / 2955.4649081203 coins / 0.0249358305 USD
ARDR / 15447786 USD / 1.4374946477347 % / 3600.6194692076 coins / 0.015463257 USD
XLM / 14379854 USD / 1.3381181717695 % / 25183.78837 coins / 0.002058 USD
LSK / 12733358 USD / 1.1849033882713 % / 372.73925570135 coins / 0.123126 USD
GAME / 12888699 USD / 1.1993586542928 % / 219.16845517392 coins / 0.21195467 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



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 weeks and will publish it on a regular basis.


Don't hesitate anymore and have a look on the Bit20 market !!!





Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #27 on: March 21, 2017, 06:40:30 pm »
Bit20 - The cryptocurrency index fund [2017/03/21 - 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 / 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



Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange



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 weeks and will publish it on a regular basis.


Don't hesitate anymore and start trading on the Bit20 market !!!





Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline MarkoPaasila

Re: Bit20 - The cryptocurrency index fund
« Reply #28 on: March 24, 2017, 12:49:34 pm »
How much should I be ready to pay for Bit20 in terms of USD? What will the price be when markets are efficient and price discovery has happened? Do you expect it to continue trading above feed price?

Offline mea123

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Re: Bit20 - The cryptocurrency index fund
« Reply #29 on: April 01, 2017, 04:43:31 pm »
How much should I be ready to pay for Bit20 in terms of USD? What will the price be when markets are efficient and price discovery has happened? Do you expect it to continue trading above feed price?

if we dont have liquidity, I want bother to buy into, regardless the price, what good does it do, when price rise but you cant sell. get the liquidity in order and you will have a viable market, I promise
I own a few BIT20 but I do not even bother to look at it, why should I, can buy cant sell for some time to come, takes days or weeks ..there is not a market, its monopoly, just monopoly is over after a few hours, its sad, because I love the idea a lot

Offline Permie

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Re: Bit20 - The cryptocurrency index fund
« Reply #30 on: April 01, 2017, 05:25:28 pm »
How much should I be ready to pay for Bit20 in terms of USD? What will the price be when markets are efficient and price discovery has happened? Do you expect it to continue trading above feed price?

if we dont have liquidity, I want bother to buy into, regardless the price, what good does it do, when price rise but you cant sell. get the liquidity in order and you will have a viable market, I promise
I own a few BIT20 but I do not even bother to look at it, why should I, can buy cant sell for some time to come, takes days or weeks ..there is not a market, its monopoly, just monopoly is over after a few hours, its sad, because I love the idea a lot
+5% +5% +5%

JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline MarkoPaasila

Re: Bit20 - The cryptocurrency index fund
« Reply #31 on: April 02, 2017, 10:21:13 am »
If the price rises 300% per year on average, and you bought at 2 x feed price, you will need to wait approximately 8 months, and you can force settle your Bit20 to receive as much BTS as you once invested. You can also put up a sell order at the same premium you paid. I'm sure someone will pick it up. I will buy it from you if you sell it at 1.5 x price feed.

How much should I be ready to pay for Bit20 in terms of USD? What will the price be when markets are efficient and price discovery has happened? Do you expect it to continue trading above feed price?

if we dont have liquidity, I want bother to buy into, regardless the price, what good does it do, when price rise but you cant sell. get the liquidity in order and you will have a viable market, I promise
I own a few BIT20 but I do not even bother to look at it, why should I, can buy cant sell for some time to come, takes days or weeks ..there is not a market, its monopoly, just monopoly is over after a few hours, its sad, because I love the idea a lot

Offline mea123

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Re: Bit20 - The cryptocurrency index fund
« Reply #32 on: April 02, 2017, 01:25:38 pm »
MarkoPaasila
If the price rises 300% per year on average, and you bought at 2 x feed price, you will need to wait approximately 8 months, and you can force settle your Bit20 to receive as much BTS as you once invested.
You can also put up a sell order at the same premium you paid. I'm sure someone will pick it up. I will buy it from you if you sell it at 1.5 x price feed.




I dont think your post is funny, this is a real issue, its not about what you would buy when get it cheap, DEX this is not a used car-dealership..this supposed to be a market where one invest and risk his hard earned money, I would rather go to poloniex and buy all 20 individually  and sell for market price, before I have to sell for much less because I need money or need cash to buy e.g. Dash, what about that idea?
-----------
« Last Edit: April 02, 2017, 02:22:25 pm by mea123 »

Offline yvv

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Re: Bit20 - The cryptocurrency index fund
« Reply #33 on: April 02, 2017, 03:56:16 pm »

I dont think your post is funny, this is a real issue, its not about what you would buy when get it cheap, DEX this is not a used car-dealership..this supposed to be a market where one invest and risk his hard earned money, I would rather go to poloniex and buy all 20 individually  and sell for market price, before I have to sell for much less because I need money or need cash to buy e.g. Dash, what about that idea?
-----------

You definitely don't want to invest a significant amount in bit20 at this point. Nevertheless, bit20 is a well thought concept which is implemented with care, and it is ok to diversify you portfolio by investing a fraction in it. Hopefully, a lot of such small investments will spin up liquidity.

Offline MarkoPaasila

Re: Bit20 - The cryptocurrency index fund
« Reply #34 on: April 20, 2017, 08:10:50 am »
I have buy orders on the BTWTY:bitUSD market. I will gradually try to buy €3k worth of BTWTY

MarkoPaasila
If the price rises 300% per year on average, and you bought at 2 x feed price, you will need to wait approximately 8 months, and you can force settle your Bit20 to receive as much BTS as you once invested.
You can also put up a sell order at the same premium you paid. I'm sure someone will pick it up. I will buy it from you if you sell it at 1.5 x price feed.




I dont think your post is funny, this is a real issue, its not about what you would buy when get it cheap, DEX this is not a used car-dealership..this supposed to be a market where one invest and risk his hard earned money, I would rather go to poloniex and buy all 20 individually  and sell for market price, before I have to sell for much less because I need money or need cash to buy e.g. Dash, what about that idea?
-----------

Offline JonnyB

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Re: Bit20 - The cryptocurrency index fund
« Reply #35 on: April 20, 2017, 09:11:21 am »
Can bit20 be force settled yet?
When it launched it couldn't be has that changed.

I don't see how it can keep its peg unless you have the ability to force settle?
I run the @bitshares twitter handle
twitter.com/bitshares

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #36 on: April 20, 2017, 06:54:29 pm »
How much should I be ready to pay for Bit20 in terms of USD? What will the price be when markets are efficient and price discovery has happened? Do you expect it to continue trading above feed price?

The index is performing amazingly well ! He is about to reach a rise of 1000% since July 2015.
I expect it to continue trading above the feed price until it stops performing that well. Even with a lower performance, I suspect we will never see the market around the price feed.
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #37 on: April 20, 2017, 07:02:35 pm »
How much should I be ready to pay for Bit20 in terms of USD? What will the price be when markets are efficient and price discovery has happened? Do you expect it to continue trading above feed price?

if we dont have liquidity, I want bother to buy into, regardless the price, what good does it do, when price rise but you cant sell. get the liquidity in order and you will have a viable market, I promise
I own a few BIT20 but I do not even bother to look at it, why should I, can buy cant sell for some time to come, takes days or weeks ..there is not a market, its monopoly, just monopoly is over after a few hours, its sad, because I love the idea a lot

So you are advising people to not trade BTWTY because there is not liquidity and telling me "get the liquidity in order and you will have a viable market".

I agree with you, with liquidity I will have a viable market. This is what I am trying to do building awareness around Bit20

I'm not a BTWTY seller, I'm the market creator.

You can buy BTWTY and then sell them whenever you want ! I can see right now plenty of people buying and bots active on the market. In the case there is no buyers above the price feed, you can trigger a force settle and your BTWTY will be automatically sold.
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #38 on: April 20, 2017, 07:07:38 pm »
If the price rises 300% per year on average, and you bought at 2 x feed price, you will need to wait approximately 8 months, and you can force settle your Bit20 to receive as much BTS as you once invested. You can also put up a sell order at the same premium you paid. I'm sure someone will pick it up. I will buy it from you if you sell it at 1.5 x price feed.

How much should I be ready to pay for Bit20 in terms of USD? What will the price be when markets are efficient and price discovery has happened? Do you expect it to continue trading above feed price?

if we dont have liquidity, I want bother to buy into, regardless the price, what good does it do, when price rise but you cant sell. get the liquidity in order and you will have a viable market, I promise
I own a few BIT20 but I do not even bother to look at it, why should I, can buy cant sell for some time to come, takes days or weeks ..there is not a market, its monopoly, just monopoly is over after a few hours, its sad, because I love the idea a lot

Exactly !  +5% +5% +5%
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #39 on: April 20, 2017, 07:21:11 pm »
MarkoPaasila
If the price rises 300% per year on average, and you bought at 2 x feed price, you will need to wait approximately 8 months, and you can force settle your Bit20 to receive as much BTS as you once invested.
You can also put up a sell order at the same premium you paid. I'm sure someone will pick it up. I will buy it from you if you sell it at 1.5 x price feed.




I dont think your post is funny, this is a real issue, its not about what you would buy when get it cheap, DEX this is not a used car-dealership..this supposed to be a market where one invest and risk his hard earned money, I would rather go to poloniex and buy all 20 individually  and sell for market price, before I have to sell for much less because I need money or need cash to buy e.g. Dash, what about that idea?
-----------

You could build your portfolio copying BTWTY and you would be able to buy and sell it at the price feed (each coin at the time). It would be a lot of work but it would work perfectly. You will also have to rebuild your portfolio every month when I do the revision. That's exactly why we have created BTWTY, to avoid this painful experience so people can buy it and forget about it as long as they want.

The option of buying it at a premium in the DEX and sell it later profit with hopefully the same of higher premium is the good one in my opinion. I now it's frustrating not knowing which will be the long-term premium BTWTY. Nobody can predict these things. It would be like guessing the price of BTC in 6 month (Jonathan Bahai would tell you it will be at 5000$ but who knows if he's right).

I have seen people buying BTWTY almost at the price feed without premium. Look at the chart on the 2nd of April ;)

This is a funny market, volatile and loaded with opportunities to make money. You just have to grab them. I have been trading this market and it's a lot of fun. I don't keep the BTWTY I buy because my goal is to grow the market activity.

Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #40 on: April 20, 2017, 07:23:22 pm »
I have buy orders on the BTWTY:bitUSD market. I will gradually try to buy €3k worth of BTWTY

MarkoPaasila
If the price rises 300% per year on average, and you bought at 2 x feed price, you will need to wait approximately 8 months, and you can force settle your Bit20 to receive as much BTS as you once invested.
You can also put up a sell order at the same premium you paid. I'm sure someone will pick it up. I will buy it from you if you sell it at 1.5 x price feed.




I dont think your post is funny, this is a real issue, its not about what you would buy when get it cheap, DEX this is not a used car-dealership..this supposed to be a market where one invest and risk his hard earned money, I would rather go to poloniex and buy all 20 individually  and sell for market price, before I have to sell for much less because I need money or need cash to buy e.g. Dash, what about that idea?
-----------

I wish you a low premium and a lot of fun !
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #41 on: April 20, 2017, 07:28:04 pm »
Can bit20 be force settled yet?
When it launched it couldn't be has that changed.

I don't see how it can keep its peg unless you have the ability to force settle?

Hi Jonny, yes you can force settle! It has been changed and announced in this thread in February ;)

Market settings changes

Hello dear traders and investors,

Bit20 has been evolving nicely since it's inception in December 2016. We are happy to observe that traders are buying and selling much higher than the "theoric" index price.

Why is that ?

Well, simply because they saw what Bit20 has performed very well in the last 18 months and deduce they can buy it even with a 50% premium, it's still a good investment with lots of potentials.

This market has been created with some very specific settings. These settings have been adjusted before the market was born.
Now that we have seen the price stabilising around 140% of the theoric asset price, we can adjust the market settings to fit better its trading environment.

2 changes:

The MSSR: When a shorter have its collateral falling below 175% of the price feed, a margin call will happen. A buy order will be automatically created in the market to buy back its undercollateralized asset(s).
This process guarantee that all smartcoins on the BitShares decentralised exchange are always well collateralised.

The MSSR is set at 110% at the moment. This would be good for gold or dollars because they are traded close to the price feed. No need then to buy back much higher.

In our Bit20 market, the asset is traded around 140% of the price feed. A buy back at 110% wouldn't be bought anytime soon. We will increase this value progressively until it reaches a value where it can be bought. It will be somewhere between 120% and 140%

What does it change for you concretely?

Really not much.

For the buyer, nothing at all.

For the shorter, you still can borrow BTWTY with the usual 175% collateral, the only difference is the price of the margin call if your collateral falls under the limit. If you are aware of what you do when you short BTWTY, that limit shouldn't be reached. If it is, the price you will be margin call will probably be around the one you sold and maybe cheaper, the spread is still wide. We won't raise this value until the point it is discouraging shorters, our goal is to incentive as many as possible!

Second change. After receiving some requests, we will enable the force settlement setting.
This option allows anyone with BTWTYs to force the market to buy the asset(s) they own at the price feed. The fact that this market is traded much higher than the theoric price feed make this option irrelevant because it's  easy to sell at a better price than the price feed. 

In order to let everyone consider this information, we will wait for 48h before operating any change.

Happy trading!
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #42 on: April 21, 2017, 04:50:54 pm »


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 / 20065294344 USD / 10 % / 0.87291578470716 coins / 1232.16 USD
ETH / 4514306085 USD / 10 % / 21.657976132206 coins / 49.6617 USD
LTC / 521706945 USD / 10 % / 104.60319704396 coins / 10.2824 USD
DASH / 518522510 USD / 10 % / 15.024283279737 coins / 71.5889 USD
ETC / 299964083 USD / 10 % / 325.8380683335 coins / 3.30094 USD
XMR / 284572267 USD / 9.7381502379009 % / 52.737191583632 coins / 19.8609 USD
XEM / 258080400 USD / 8.8315904257022 % / 33125.76061711 coins / 0.0286756 USD
REP / 124573900 USD / 4.2629570573061 % / 40.487040754245 coins / 11.3249 USD
MAID / 96360175 USD / 3.2974747363573 % / 1665.6825428515 coins / 0.212926 USD
PIVX / 90309478 USD / 3.0904180296332 % / 195.32638948038 coins / 1.70175 USD
GNT / 82415740 USD / 2.8202918947396 % / 3018.1248562256 coins / 0.100507 USD
ZEC / 76101209 USD / 2.6042067076336 % / 4.1610326198034 coins / 67.3153 USD
DCR / 67929548 USD / 2.3245699624577 % / 17.367134575901 coins / 14.3964 USD
STRAT / 66212668 USD / 2.2658178023941 % / 362.00496263059 coins / 0.673209 USD
BCC / 61536964 USD / 2.1058137777575 % / 22.487853870314 coins / 10.0719 USD
FCT / 57496920 USD / 1.9675622332396 % / 32.217448851248 coins / 6.56866 USD
STEEM / 52623698 USD / 1.8007990820761 % / 864.60149456975 coins / 0.224021 USD
GAME / 48655793 USD / 1.6650161562589 % / 228.63519536375 coins / 0.783276 USD
DOGE / 48023587 USD / 1.6433818730794 % / 401328.55895373 coins / 0.000440431 USD
WAVES / 46228400 USD / 1.5819500234637 % / 368.06400685678 coins / 0.462284 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



Don't hesitate anymore and start trading on the Bit20 market !!!





Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline 天籁

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Re: Bit20 - The cryptocurrency index fund
« Reply #43 on: May 19, 2017, 09:57:32 am »


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 / 20065294344 USD / 10 % / 0.87291578470716 coins / 1232.16 USD
ETH / 4514306085 USD / 10 % / 21.657976132206 coins / 49.6617 USD
LTC / 521706945 USD / 10 % / 104.60319704396 coins / 10.2824 USD
DASH / 518522510 USD / 10 % / 15.024283279737 coins / 71.5889 USD
ETC / 299964083 USD / 10 % / 325.8380683335 coins / 3.30094 USD
XMR / 284572267 USD / 9.7381502379009 % / 52.737191583632 coins / 19.8609 USD
XEM / 258080400 USD / 8.8315904257022 % / 33125.76061711 coins / 0.0286756 USD
REP / 124573900 USD / 4.2629570573061 % / 40.487040754245 coins / 11.3249 USD
MAID / 96360175 USD / 3.2974747363573 % / 1665.6825428515 coins / 0.212926 USD
PIVX / 90309478 USD / 3.0904180296332 % / 195.32638948038 coins / 1.70175 USD
GNT / 82415740 USD / 2.8202918947396 % / 3018.1248562256 coins / 0.100507 USD
ZEC / 76101209 USD / 2.6042067076336 % / 4.1610326198034 coins / 67.3153 USD
DCR / 67929548 USD / 2.3245699624577 % / 17.367134575901 coins / 14.3964 USD
STRAT / 66212668 USD / 2.2658178023941 % / 362.00496263059 coins / 0.673209 USD
BCC / 61536964 USD / 2.1058137777575 % / 22.487853870314 coins / 10.0719 USD
FCT / 57496920 USD / 1.9675622332396 % / 32.217448851248 coins / 6.56866 USD
STEEM / 52623698 USD / 1.8007990820761 % / 864.60149456975 coins / 0.224021 USD
GAME / 48655793 USD / 1.6650161562589 % / 228.63519536375 coins / 0.783276 USD
DOGE / 48023587 USD / 1.6433818730794 % / 401328.55895373 coins / 0.000440431 USD
WAVES / 46228400 USD / 1.5819500234637 % / 368.06400685678 coins / 0.462284 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



Don't hesitate anymore and start trading on the Bit20 market !!!






I strongly suggest not include BTS in the Bit20 index forever, otherwise no one will short Bit20. [member=32961]EstefanTT[/member] and you should announce In the website.
« Last Edit: May 19, 2017, 10:14:57 am by 天籁 »

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #44 on: May 21, 2017, 04:19:05 pm »


On the 21st day of every month ...


I strongly suggest not include BTS in the Bit20 index forever, otherwise no one will short Bit20. [member=32961]EstefanTT[/member] and you should announce In the website.

There is already a lot of markets trading against BTWTY. Part of these coins will be in the index itself but it's not a problem. The coins in the index can't have a big impact on it, the maximum you could have is 10% weight in the index.

If we would remove BTS from the index, we should also remove these coins :

BTWTY : BTS
BTWTY : OPEN.ETH
BTWTY : OPEN.STEEM
BTWTY : OPEN.BTC
BTWTY : OPEN.DASH

BTS price can indeed influence slightly BTWTY, so does the others coins. But in any case, this effect will be substantial.

It's important to keep BTWTY as "pure" as possible. Any rules added to it increase its complexity. So far, I find it perfect just as it is.

The top 20 blockchain projects. We only remove centralised entities (Ripple) and derivatives (cryptocurrencies copies of fiat, metals, ..).
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #45 on: May 21, 2017, 04:34:09 pm »
Bit20 - The cryptocurrency index fund [2017/05/21 - 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 / 33466725332 USD / 10 % / 1.3560949564735 coins / 2047.895 USD
ETH / 11377850088 USD / 10 % / 22.402660303053 coins / 123.9647454061 USD
XEM / 1987540515 USD / 10 % / 12575.472318352 coins / 0.220837835 USD
LTC / 1382715584 USD / 10 % / 102.82128131986 coins / 27.009389936 USD
DASH / 725308576 USD / 8.5034181874375 % / 23.794811670675 coins / 99.2450951061 USD
ETC / 655379046 USD / 7.6835739764117 % / 298.94180280172 coins / 7.137965 USD
XLM / 517353271 USD / 6.0653787360591 % / 31141.759425676 coins / 0.05408945 USD
XMR / 499540382 USD / 5.8565428704628 % / 47.191958490703 coins / 34.4644309352 USD
BCN / 437629790 USD / 5.1307115878504 % / 595554.65992168 coins / 0.00239251 USD
STEEM / 277727491 USD / 3.2560389829456 % / 760.23611010903 coins / 1.18943 USD
SC / 249203834 USD / 2.9216315435029 % / 85067.716440735 coins / 0.009538025 USD
BTS / 222005577 USD / 2.6027629117326 % / 8470.0114148986 coins / 0.0853391672 USD
DOGE / 205890538 USD / 2.4138324064853 % / 356364.47325837 coins / 0.001881094 USD
GNT / 205929879 USD / 2.4142936349693 % / 2685.6849971206 coins / 0.2496507084 USD
GAME / 205699490 USD / 2.411592585957 % / 204.41014892712 coins / 3.2764177632 USD
GNO / 199808181 USD / 2.3425236878961 % / 3.5964135044609 coins / 180.889 USD
STRAT / 194427340 USD / 2.2794394465992 % / 320.35403935923 coins / 1.976039591 USD
REP / 191425862 USD / 2.2442505305172 % / 35.814690065416 coins / 17.4023510701 USD
MAID / 165105928 USD / 1.9356792370382 % / 1473.4567627467 coins / 0.3648327205 USD
WAVES / 165332000 USD / 1.938329674135 % / 325.58809111446 coins / 1.65332 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



Stop hesitating and start trading on the Bit20 market !!!





Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #46 on: June 21, 2017, 03:21:08 pm »
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
 

 
Stop hesitating and start trading on the Bit20 market !!!

 



Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline yvv

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Re: Bit20 - The cryptocurrency index fund
« Reply #47 on: June 21, 2017, 04:46:42 pm »
[member=32961]EstefanTT[/member]

It is unfortunate that btsbots provide incorrect price feed for bit20. This makes the use of bot for bit20 very difficult. If you could collaborate with [member=4465]alt[/member] to help him fix this, running bot on bit20 would be sweet.

Offline Red_Sanford

Re: Bit20 - The cryptocurrency index fund
« Reply #48 on: June 24, 2017, 08:46:24 pm »
[member=32961]EstefanTT[/member]

It is unfortunate that btsbots provide incorrect price feed for bit20. This makes the use of bot for bit20 very difficult. If you could collaborate with [member=4465]alt[/member] to help him fix this, running bot on bit20 would be sweet.

I have just started using the dex and would like to know what bot you use. I use bots on polo and bittrex but I am unfamiliar with what is available on the btsdex

Offline yvv

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Re: Bit20 - The cryptocurrency index fund
« Reply #49 on: June 24, 2017, 09:57:31 pm »
[member=32961]EstefanTT[/member]

It is unfortunate that btsbots provide incorrect price feed for bit20. This makes the use of bot for bit20 very difficult. If you could collaborate with [member=4465]alt[/member] to help him fix this, running bot on bit20 would be sweet.

I have just started using the dex and would like to know what bot you use. I use bots on polo and bittrex but I am unfamiliar with what is available on the btsdex

Check out this thread

https://bitsharestalk.org/index.php/topic,23457.0.html

Offline yvv

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Re: Bit20 - The cryptocurrency index fund
« Reply #50 on: July 21, 2017, 12:34:34 am »
Bit20 index is currently screwed by wrong data:

Quote
XEM   Quantity: 24030.020904655;   Price in USD: 186.419032726;   Value in USD: 4479653.2534313

The price feed is currently wrong and  this caused a bunch of margin calls.

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #51 on: July 21, 2017, 01:16:42 pm »
[member=32961]EstefanTT[/member]

It is unfortunate that btsbots provide incorrect price feed for bit20. This makes the use of bot for bit20 very difficult. If you could collaborate with [member=4465]alt[/member] to help him fix this, running bot on bit20 would be sweet.

I will contact him
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #52 on: July 21, 2017, 01:21:48 pm »
Bit20 index is currently screwed by wrong data:

Quote
XEM   Quantity: 24030.020904655;   Price in USD: 186.419032726;   Value in USD: 4479653.2534313

The price feed is currently wrong and  this caused a bunch of margin calls.

The problem seems to have come from 2 witnesses. They have published a price feed twice as big as the previous ones causing not only margin calls but a black swan event.
I will contact them and try to understand what happened.

Luckily, if I'm not wrong, a worker proposal has just been voted in to reactivate markets having suffered a black swan.
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #53 on: July 21, 2017, 02:03:45 pm »
Bit20 - The cryptocurrency index fund [2017/07/21 - 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 / 45802864660 USD / 10 % / 1.3729080571151 coins / 2782.75 USD
ETH / 21004746485 USD / 10 % / 16.993825805106 coins / 224.814585 USD
LTC / 2329412021 USD / 10 % / 85.431272535297 coins / 44.7196885 USD
ETC / 1488458592 USD / 10 % / 240.6244783362 coins / 15.87727035235 USD
DASH / 1386652697 USD / 9.6908906808352 % / 19.860450223695 coins / 186.419032726 USD
XEM / 1372267347 USD / 9.590355878893 % / 24030.020904655 coins / 0.1524741496 USD
MIOTA / 806183302 USD / 5.6341679970041 % / 7421.3523096666 coins / 0.290043 USD
XMR / 600317850 USD / 4.1954374521395 % / 39.545834399725 coins / 40.5314511 USD
STRAT / 512680669 USD / 3.5829680555235 % / 262.91802219672 coins / 5.2064083132 USD
BCC / 419175256 USD / 2.9294873841125 % / 16.090153636757 coins / 69.558 USD
VERI / 409717046 USD / 2.8633868534283 % / 5.2585441855467 coins / 208.032 USD
QTUM / 407485920 USD / 2.8477941976697 % / 136.17011840017 coins / 7.98992 USD
EOS / 400728396 USD / 2.8005679336608 % / 615.10047493905 coins / 1.739465 USD
ZEC / 371173836 USD / 2.5940201724948 % / 4.7612325628377 coins / 208.146733172 USD
ANS / 367054750 USD / 2.5652331429687 % / 133.5001160786 coins / 7.341095 USD
BTS / 353766437 USD / 2.4723651963701 % / 6934.062861147 coins / 0.1362198796 USD
STEEM / 326337322 USD / 2.2806715188457 % / 634.87244499065 coins / 1.37243538325 USD
WAVES / 321447500 USD / 2.2464980516515 % / 267.00023215721 coins / 3.214475 USD
ICN / 267928500 USD / 1.8724701645896 % / 267.00023215721 coins / 2.679285 USD
BCN / 262378844 USD / 1.8336853198129 % / 489017.8276222 coins / 0.0014325697 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



Stop hesitating and start trading on the Bit20 market !!!





Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline R

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Offline wackou

Re: Bit20 - The cryptocurrency index fund
« Reply #55 on: July 22, 2017, 02:34:14 am »
so I investigated a bit, but I'm not really sure what caused it yet... if I run it now I get the correct results
given that that coincap returns no result for BCC, VERI, QTUM it is not used, meaning that the data is coming straight from CoinMarketCap only

let's look at the last feeds published for wackou, verbaltech2, fox:

Code: [Select]
wackou

FeedPrice: 1.75457e-06 BTWTY/BTS  569940.2132716278  (2017-07-20T20:59:57+00:00)
FeedPrice: 1.47023e-08 BTWTY/BTS  68016568.8361685  (2017-07-20T20:35:33+00:00)
FeedPrice: 1.47023e-08 BTWTY/BTS  68016568.8361685  (2017-07-20T20:29:27+00:00)
FeedPrice: 1.47023e-08 BTWTY/BTS  68016568.8361685  (2017-07-20T20:23:18+00:00)
FeedPrice: 1.70705e-06 BTWTY/BTS  585805.9224978765  (2017-07-20T20:11:06+00:00)
FeedPrice: 3.39766e-06 BTWTY/BTS  294320.20861416386  (2017-07-20T19:28:27+00:00)
FeedPrice: 3.39766e-06 BTWTY/BTS  294320.20861416386  (2017-07-20T19:16:15+00:00)
FeedPrice: 3.40805e-06 BTWTY/BTS  293422.92513314064  (2017-07-20T18:51:51+00:00)
FeedPrice: 3.40365e-06 BTWTY/BTS  293802.24171110423  (2017-07-20T18:27:27+00:00)
FeedPrice: 3.4317e-06 BTWTY/BTS  291400.7634700003  (2017-07-20T18:03:06+00:00)

Code: [Select]
verbaltech2

FeedPrice: 1.75844e-06 BTWTY/BTS  568685.8806669548  (2017-07-20T21:00:12+00:00)
FeedPrice: 3.38361e-06 BTWTY/BTS  295542.3349617716  (2017-07-20T20:04:54+00:00)
FeedPrice: 3.38991e-06 BTWTY/BTS  294993.0824122174  (2017-07-20T20:00:36+00:00)
FeedPrice: 3.40312e-06 BTWTY/BTS  293847.99830743554  (2017-07-20T19:05:18+00:00)
FeedPrice: 3.4082e-06 BTWTY/BTS  293410.0111495804  (2017-07-20T19:03:33+00:00)
FeedPrice: 3.43005e-06 BTWTY/BTS  291540.93963644846  (2017-07-20T18:03:42+00:00)
FeedPrice: 3.4321e-06 BTWTY/BTS  291366.8016666181  (2017-07-20T18:02:18+00:00)

Code: [Select]
fox

FeedPrice: 3.3770663424682977e-06 BTWTY/BTS  296115.0  (2017-07-20T19:51:39+00:00)
FeedPrice: 3.397962581636051e-06 BTWTY/BTS  294294.0  (2017-07-20T15:51:06+00:00)
FeedPrice: 3.3295376604004766e-06 BTWTY/BTS  300342.0  (2017-07-20T11:50:33+00:00)
FeedPrice: 3.362994948781587e-06 BTWTY/BTS  297354.0  (2017-07-19T21:13:06+00:00)
FeedPrice: 3.422653172286093e-06 BTWTY/BTS  292171.0  (2017-07-19T17:12:27+00:00)
FeedPrice: 3.470342453393301e-06 BTWTY/BTS  288156.0  (2017-07-19T13:11:51+00:00)

so on 2017-07-20, up until 20:10 every is fine, and then at 20:11 I start publishing a feed price that is slashed in half
at 21:00 verbaltech2 publishes his next feed and his price is also affected

at this point, this triggers the black swan and no one can publish feeds anymore. Fox not having published a feed since 20:11, we don't know if his code would have been affected too or not. Given that the script currently returns the correct feed price for me, I am tempted to say that this was a temporary glitch in the CMC api. I don't have debug logs from then, and the historical data on CMC looks clean, so there's no way for me to confirm this hypothesis either...

I don't think I'm going to spend more time trying to figure out what happened, but rather think about what can be done to avoid this type of situations in the future.

There are 2 areas I want to improve:
- there should be a check that the feed value is consistent with the previously published value. If not, user should be notified, and feed should not be published unless overriden manually (via the config.yaml file)
- we should keep historical data of all queries to external sources and persist it in a local db. This would allow to have a much better traceability with respect to feed queries and publishing.

Let's hope that pc manages to get BSIP-018 finalized quickly so that we can reboot the BTWTY market!
Please vote for witness wackou! More info at http://digitalgaia.io

Offline yvv

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Re: Bit20 - The cryptocurrency index fund
« Reply #56 on: July 22, 2017, 08:42:45 am »
Data on www.bittwenty.com was also out of whack for some period.

Offline George_Bitspark

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Re: Bit20 - The cryptocurrency index fund
« Reply #57 on: July 22, 2017, 02:07:26 pm »
Thanks for the investigation Wackou, so am I correct in saying that if the price feed had more witnesses for this asset and if the price feed is an average of witness feeds, this can help reduce black swans in future? Although such a sharp divergence in feed pricing likely still would black swan the asset even with twice the amount of witnesses correct?

Bitspark- Cash to Cryptocurrency

Offline BigBurgers

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Re: Bit20 - The cryptocurrency index fund
« Reply #58 on: July 24, 2017, 03:37:36 pm »
Complete BTS noob here, but can someone provide a link to the net asset value (or current premium) that BTS is trading to the underlying coins? Also, id there a history of this premium available somewhere. Many thanks.



But how exactly is it made, what are the coins in it and how can I invest in it?

I'm here to share with you this promising blockchain project and answer all your questions. 

I wanted to create a tool that allows anyone to invest in the global economic growth of cryptocurrencies without a headache. Just buy something that will track this soon economic Cambrian explosion.
This tool had to be decentralised because we all know how centralised projects dealing with money end up, especially in the cryptocurrency world. So my team and I have created a cryptocurrency index fund (ETF like).

I want to spread the information about this index fund in the crypto community so everyone can invest in a great asset that will grow as the cryptocurrency global market grows. Not something going up and down wildly, but more something like a monster slowly waking up and devouring the fiat money markets.

I want it to be a place where you can store your value with a high probability that months later, you will still have your investment intact and a nice return on investment.

I also want to spread the word out of cryptocurrencies. My plan is to start with the cryptocurrency savvy crowd and then move on to trading forums, forex, stock markets and others. This is how I aim to make new money comes into this space. The bigger the index daily volume will grow, the easier is going to be to promote it and make people interested in crypto.

The index took almost a 2 years to be fully tested and heavily reviewed. It´s finally ready and has been officially launched on the BitShares decentralised exchange on 16/12/2016. The index is fully decentralised and every Bit20 will always be backed by a minimum of 175% of its value.

Here is the evolution of Bit20 ober the last 18 month in $ :



This is 100% secure, 100% decentralised, 100% pure cryptocurrency !

If you have any question, please have a look on the website at the "FAQ"  or "About Bit20" tab. If you don't find what you are looking for, I'll do my best to answer you in this post.





Offline wackou

Re: Bit20 - The cryptocurrency index fund
« Reply #59 on: July 24, 2017, 10:11:52 pm »
Thanks for the investigation Wackou, so am I correct in saying that if the price feed had more witnesses for this asset and if the price feed is an average of witness feeds, this can help reduce black swans in future? Although such a sharp divergence in feed pricing likely still would black swan the asset even with twice the amount of witnesses correct?

that would have helped a bit maybe, yes. What is really needed is more implementations of the feed script. We currently had 3 witnesses publishing the feeds, but using 2 different scripts only (fox has his own, verbaltech and myself use bts_tools). So when my feed started failing, it automatically also failed for verbaltech. If we would have had more witnesses, but running only 2 scripts then maybe we could have noticed the issue earlier (when the first witnesses started to fail) and could have stopped it or started publishing manually before the median went off the rails. That is not a real solution, though, as it could have bought us a bit more time, but it would have happened anyway (as long as more than half of the witnesses are wrong).

But really, I think that what should be done is to have a maximum difference allowed between 2 consecutive feed prices to ensure that the price doesn't shoot up or down due to a bug. If needed (because the market really did go up or down that fast), this can be overriden manually to still publish the feed. I believe that xeroc's script work like that but I haven't implemented it yet myself. It jumped up a few places on my priority list, though...
Please vote for witness wackou! More info at http://digitalgaia.io

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #60 on: July 26, 2017, 08:46:00 pm »
Complete BTS noob here, but can someone provide a link to the net asset value (or current premium) that BTS is trading to the underlying coins? Also, id there a history of this premium available somewhere. Many thanks.




[/center]

All the info you are asking is on the BTWTY : BTS market in the BitShares decentralised exchange.

https://bitshares.openledger.info/?r=estefantt#/market/BTWTY_BTS
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #61 on: July 26, 2017, 08:50:07 pm »
Thanks for the investigation Wackou, so am I correct in saying that if the price feed had more witnesses for this asset and if the price feed is an average of witness feeds, this can help reduce black swans in future? Although such a sharp divergence in feed pricing likely still would black swan the asset even with twice the amount of witnesses correct?

The problem comes from the fact that we only have had 3 witnesses with 2 different version of the script providing the price feed.
It was necessary because we were in the testing phase and we had to make some change since the market inception.

The solution is a system the check the coherence of the new PF with the previous one, more witnesses and different scripts. This is what we will have when the market will be relaunched.
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline George_Bitspark

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Re: Bit20 - The cryptocurrency index fund
« Reply #62 on: July 27, 2017, 05:09:46 am »
Great thanks for the summary Wackou and EstefanTT, indeed more implementations of the price feed script should be something brought up with other witnesses for other assets aswell.
Bitspark- Cash to Cryptocurrency

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #63 on: July 28, 2017, 08:23:45 pm »
We've finally managed to understand where the black swan came from. You'll find all the information about it in the Steemit blog we've just posted.

https://steemit.com/bitshares/[member=32961]EstefanTT[/member]/bit20-has-experienced-a-black-swan-what-is-it-what-caused-it-and-what-are-the-consequences

Noticed that we have opened a telegram channel if you want to be closer to the Bit20 community ;)

Telegran link : https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg

Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Re: Bit20 - The cryptocurrency index fund
« Reply #64 on: August 21, 2017, 09:37:06 pm »
Steemit is by far the brightest social and blockchained-based platform out there. I would suggest anyone to have a look if you still don't know it.

As the blogs look much better and professionals on Steemit platform than forums, from now on, I will post the revisions and other Bit20 announcements there. I'll leave this forum open for questions, debate or any other kind of interactions.

Here is the link to the official Bit20 announcement Steemit channel: https://steemit.com/[member=32961]EstefanTT[/member]

------------------------------------------------------------------------------------------
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Noticed that we have opened a telegram channel if you want to be closer to the Bit20 community ;)

Telegran link : https://t.me/joinchat/BdGiiAyHOiLHs4oiHqV2Kg
« Last Edit: October 15, 2017, 04:24:44 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)