Hertz at $1.00, onwards to $1.14 next wednesday!

in #bitshares6 years ago

hertz logo

We're 3/4 through Hertz's first cycle!

On wednesday, 28th March 2018 (today), the price feed for Hz is $1.00.

By wednesday 4th April 2018 (7 days from now) the price feed will appreciate from $1.00 to $1.14, following the predictable sine wave oscillation:

hertz chart appreciation

Hz Divider

Hertz updates

Hz Divider

Hertz charts

@sc-steemit (BTS Witness: SC-OL) created an excellent real-time charting service for hertz, see:

Observations

  • The Hertz feed price (Hertz:USD) & Reference price (Produced by hertz algorithm) are lining up nicely, deviations are less observable as last week - the price feeds are being worked on my multiple developers now, they will continue to improve.
  • Current market sell rates above the feed price.
  • Market latest & buy below feed price.
  • Low supply - need more market participants to short Hertz!

Observations

  • The reference and feed price are lining up perfectly, to the point that it's difficult to see the reference line.
  • Market sell & latest are above feed price.
  • Low supply - need more market participants to short Hertz!

Observations

  • It's interesting to see the impact of the sine wave oscillation between the Hz and USD feed price (blue & green line now close together again).
  • Both USD & Hertz have been trading above their feed price, we need more shorters!

Hz Divider

Want to know more?

Best regards,
@cm-steem

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the price feed will appreciate from $1.00 to $1.14,! day by day cryptocurrency price will be down & down but bitshares continue their best market still now. loved it. @cm-steem thank you sir for share with kind information.

Shopisticated thought...@cm-steem... In current currency market all other currency are going to freefall... In this situation if Hartz price will increase , It will be a great acheivement... We are wait for next wednesday and see... Hope that it will growing up...

Hertz at $1.00, onwards to $1.14 next wednesday! how is possible? its for all steemian?

The algorithm behind Hertz makes it possible, it's only the feed price not the market rates that are affected though. It's not running on the Steem platform, rather it is available to everyone on the Bitshares DEX :)

Hey, check the link to real time chart with meta mask enabled, since many might use it, it warns, which is sad for such great work!

Peace

No idea, there's no user input anywhere on the website & my antivirus didn't mention anything.

Is it a specific extension you're using?

Yeah i noticed it with meta mask, but already check the link out priorly(with no meta mask), and all was nice, crappy MM , happens all the time!

This paper will introduce Hertz which is an Algorithm Based Asset (ABA) which was created on the Bitshares Decentralized Exchange (BTS DEX). It’s settlement price feed is pegged to 1 USD then predictably modified to oscillate using a sine wave with 14% amplitude and a period of 28 days, thus introducing predictable phases of price feed appreciation and depreciation and a range of $0.86 to $1.14. The development process and lessons learned will also be elaborated upon so as to accelerate the implementation of future ABAs on the BTS DEX.

That's great. happy to see this. @cm-steem great work.

Amazing post

nice post
I like your post

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