📈 Bit20 - The cryptocurrency index fund [2018/05/21 - revision]

in bitshares •  3 months ago

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 / 145348229709 USD / 10 % / 1.8656116496018 coins / 8531.455 USD
ETH / 71389388114 USD / 10 % / 22.227922684622 coins / 716.0535 USD
BCH / 22226918311 USD / 10 % / 12.267480961469 coins / 1297.445 USD
EOS / 12184245535 USD / 10 % / 1137.5425664887 coins / 13.9919 USD
LTC / 7900718179 USD / 8.4035245147591 % / 95.853650719358 coins / 139.5395 USD
ADA / 6678657808 USD / 7.1036915054625 % / 44023.309756052 coins / 0.25683 USD
XLM / 6185842702 USD / 6.5795133572629 % / 31642.621490881 coins / 0.3309525 USD
TRX / 5122642485 USD / 5.4486504552796 % / 111379.84944866 coins / 0.0778622 USD
MIOTA / 5080953562 USD / 5.4043084247847 % / 4714.3213789768 coins / 1.82459 USD
NEO / 4141328750 USD / 4.4048853390068 % / 109.83054944331 coins / 63.83455 USD
XMR / 3270718014 USD / 3.4788684254767 % / 27.182220299788 coins / 203.703 USD
DASH / 3254346174 USD / 3.4614546719831 % / 13.69551397297 coins / 402.2765 USD
XEM / 2901469500 USD / 3.0861207196182 % / 15217.568332259 coins / 0.322784 USD
VEN / 2375246305 USD / 2.5264083720532 % / 891.83403063322 coins / 4.50883 USD
ETC / 1851505784 USD / 1.9693366973167 % / 172.14000246169 coins / 18.20885 USD
BCN / 1735129897 USD / 1.8455545806567 % / 311260.78070173 coins / 0.00943728 USD
BNB / 1611312196 USD / 1.7138570485918 % / 192.95955745302 coins / 14.13685 USD
QTUM / 1492934972 USD / 1.587946228672 % / 150.47082346192 coins / 16.79685 USD
ICX / 1413212424 USD / 1.5031500909895 % / 657.12785116146 coins / 3.6408 USD
ZEC / 1394013718 USD / 1.4827295680867 % / 6.7196816552485 coins / 351.2025 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

bit20_compo.jpg

bit20_graph.png

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

bit20_cf.jpeg

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


www.bittwenty.com

BitShares Decentralised Exchange pair (BTWTY : BTS)

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With appreciation, Blocktivity

Blocktivity

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I appreciate this article because it lists the percentages of each coin, whereas the website only lists the dollar amounts.

When using a 3rd party portfolio management tool, one must enter percentages, so this article will save me work.