Hertz 14% activated! 6 more Bitshares witnesses to go!

in bitshares •  3 months ago

Hertz 14% activated! 6 more witnesses to go!

A few days ago, I wrote about the recent Hertz updates and began requesting price feed publishers for the Hertz Algorithm Based Asset (A market pegged asset which oscillates its price feed predictably based on time).

We require 7 witnesses to publish price feeds before the Hertz asset becomes live on the Bitshares DEX.

We have our first witness publishing price feeds for Hertz!

RoelandP !

A huge shout out to RoelandP, after contacting him on bitsharestalk he began publishing price feeds for Hertz!

You can see the current price feed publishers on CryptoFresh at the bottom of the page.

Are you a Bitshares witness?

Please begin publishing price feeds for the HERTZ algorithm based asset.

I have sent private messages to most active witnesses via Bitsharestalk, or I have posted in your Bitsharestalk witness threads.

Need more info?

Example Python snippet

hz_reference_timestamp = pendulum.parse(reference_timestamp).timestamp() # Retrieving the Bitshares2.0 genesis block timestamp
hz_period = pendulum.SECONDS_PER_DAY * period_days
hz_phase = pendulum.SECONDS_PER_DAY * phase_days
hz_waveform = math.sin(((((current_timestamp - (hz_reference_timestamp + hz_phase))/hz_period) % 1) * hz_period) * ((2*math.pi)/hz_period)) # Only change for an alternative HERTZ ABA.
hz_value = reference_asset_value + ((amplitude * reference_asset_value) * hz_waveform)

Properties of Hertz (Hz):

  • Amplitude: 14% (NOT 33% nor 50% - It was changed to 14% for the first HERTZ asset).
  • Period: 28 days.
  • Daily price feed change: 2% per day.
  • Max price feed rate: $1.14
  • Min price feed rate: $0.86

Smartcoin settings:

  • Maintenance collateral ratio (MCR): 175%
  • Maximum short squeeze ratio (MSSR): 150%
  • Max feed lifetime: 1440
  • Delay for forced settlements (minutes): 720
  • Percent offset of forced settlements: 1%
  • Min number of feeds: 7

Price feed scripts:

Explorers


Consider joining the HERTZ Telegram channel!

Best regards,
@cm-steem

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I started to publish the price for you. Looks like I am #3 of the 7 you need. (sahkan-bitshares)

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Thank you very much!

I'll create a new Steemit post announcing your participation.

If I may ask, what price feed script are you using? Because both yourself and xanoxt are publishing offset price feed values.

You can check the comparison here: https://btsapi.grcnode.co.uk/get_hertz_value?api_key=123abc

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BTS Tools, I will take a look at it and check the differences.

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There's a new pull request coming for BTS Tools: https://github.com/wackou/bts_tools/pull/36

Currently, BTS Tools uses an amplitude of 1/3 (33.33%) which needs changed to 0.14 (14%).

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That's done. Not sure who is closer to the right price myself and blckchnd or roelandp:
Screenshot at 2018-01-14 15-13-43.png

I look forward to this. @billbutler here is a chance to get more votes.

Hertz is revolutionary. All the best in getting the rest of the witnesses. Keep posting the updates @cm-steem

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I do not understand anything about it. Can someone explain this to me? What is this ? cm-steem

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It's an market pegged asset on the Bitshares network.

Its price feed is pegged to the USD, then it is modified using a sine wave. Depending on the time of the month, the value of the token will be different. The minimum it can be is $0.86, the max $1.14.

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@slayer10 I have a question in my mind. I did not understand the post I could not ask for it :)). thanks @slayer10. Thank you for your reply @cm-steem

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@cm-steem The value of SBD is changing because of the fluctuations here??

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Hertz has nothing to do with SBD.

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Thank you very much, I will investigate this further @cm-steem

Can you give mo some insights on how to run a bitshares node?

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Thank you so much. I've been wanting to run a bitshares node for better Bitshares support here in the Philippines.

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Best of luck, join the node operators chat when you're done: https://t.me/BTS_Node_Admins

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Hi cm-steem , Just went through the link you have shared about bitshare node , its full of detail and explained very beautifully. :) learnt a lot.

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Thanks for the link

nice one and quite innovative using Hertz. keep it coming @cm-steem

Thanks for sharing such an article. let me add more to this , to those who still don;t know about Hertz " Hertz is a Formula Based Asset (FBA) which is pegged against the [USD|XDR] and modified to oscillate between rising the price feed and decreasing it in a predictable manner, thus we create phases of buying and selling pressure constantly back and forth forever"

Thank you.

I have to say its exciting but we have to believe it wont dip much lower than 0.60$, my target is 1.30$ short term.

All the best everyone, get in on the sale while you can.

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Given that the lowest the price feed goes is $0.86 and highest it goes $1.14, your targets for Hertz are a tad off ;D

Unless you're talking about Bitshares? :P

@cm-steem great information
I love your articles.
keep it up.

I do not know the meaning and how hertz assets work but I believe being on steemit, I will meet experts to elaborate more and be able to understand steemit language

Awesome! Pretty exciting ^^

Mr.@cm-steem
the more Bitshares witnesses are really reached on the top position.I am much impressed

excelente post

Nice one @cm-steem. I'm following u already

hertz is growing.
hope to see increase in rate in upcomig weeks.
thanks for sharing
@qami

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It'll rise, then it'll fall, then it'll rise... see where I'm going with this?

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I get your "drift"!

Great Information Post

Pretty picture really done well my friend

@cm-steem nice post I wish your support me Steemit thank you

Nice @cm-steem
I like this posting.

Follow me @muyassir

fantastic and informative post

Hertz will evolve more by the time progresses. i see somethng extra ordinary in it. moreover some of your users dont know about the Hertz so all them read this "Hertz is an Algorithm Based Asset (ABA) which is pegged against the USD and altered to sway between rising the value sustain and diminishing it in an anticipated way, consequently they make periods of purchasing and offering weight continually forward and backward until the end of time. The adequacy is 14%, and the period is 28 days, so the value bolster fluctuates typically 1% every day."

wow. finally someone said it. please keep posting the updates. good job @cm-steem

thanks for information i follow you ;)