A look at Open.BTC holders...

in #bitshares5 years ago

Screen Shot 2019-08-17 at 4.25.24 PM.png

Let's take a look at OPEN.BTC.
OPEN.BTC is OpenLedger Bitcoin-backed asset - https://openledger.info/

In order to better understand this coin, we need to start with some basic statistics.

This coin is traded on the BitShares blockchain. So all data is all open and transparent.

There are 13,138 accounts that have a balance of this coin.

All of these accounts have a total value of 1,001.46 coins.

If you take the total number of coins 1,001.46 and divide it by the total number of accounts 13,138; you get 0.0762 average coins per account.

The coin OPEN.BTC was valued at $10,359 recently.

So if we have 1,001 coins valued at $10,359 each, that means the total market cap is $10,374,124.

With an average balance of 0.0762 coins, and a coin value of $10,359 the average account is worth $789.36.

Sample Data Points
To get a better feeling about the data, let’s just take a few pieces of the data.
The account alexxy has a balance of 0.0166.
The account troglodactyl has a balance of 1.1526.
The account cyberprime has a balance of 0.0005.
The account codename1 has a balance of 0.

Coins are not distributed evenly.

Here are the largest coin holders
The account openledger-dex has a balance has 365.6679.
The account openledger-gateway has a balance has 123.7129.
The account djdjdjdj has a balance has 60.7383.
The account rocket4393 has a balance has 22.0972.

Removing the top 4 accounts, the rest of the accounts have a balance of 429.2437 coins or $4,446,535.
Excluding these top four accounts, that would give us an average balance of $338.55 per account.
The richest account is valued at $3,787,954.
The most common account balance is 0 and 5,364 accounts have this exact balance.
These would likely be accounts that traded the coin in the past and some tiny amount left in them.

Percentile Groupings
We can get a better understanding by looking at distributions and USD equivalent values of this coins in various groups.
The richest (one percent) 132 accounts have and average balance of $65,091.91 each.
The rest of these groups each represent about 10% of the holders in each group.
There are 1,177 accounts with an average balance of $1315.23 each.
There are 1,317 accounts with an average balance of $129.19 each.
There are 1,315 accounts with an average balance of $35.22 each.
There are 1,159 accounts with an average balance of $10.98 each.
There are 1,110 accounts with an average balance of $4.19 each.
There are 1,561 accounts with an average balance of $1.29 each.

Quality
Using Cryptick's Algorithm B, this market rates better than 63% of recent markets looked at.
For Algorithm B, a higher number is better.

Trading Activity
What is the trading volume of this coin?
One day there was a total volume of $7,409 traded on this coin.
Realistically, that number should be divided in half to $3,705
That is an average volume of $0.28 per account holding the coin.

People represent a very important aspect to any project.
One way to look at the account data is to look at the number of people it potential represents.
Value is subjective, and can be measured in many different ways.
Activity can also be measured in many different ways.

Details...
All of the numbers here are estimates. They are based on recent numbers. By recent, I mean numbers within the last few months.

We all know crypto markets change fast, so you may need to do your own research.
Take all these numbers with a grain of salt. It can be very easy to get numbers like these wrong.
If something looks out of place in these numbers, investigate it, it probably is.
This report is provided to help bring some insight into crypto, and to help people understand the markets.

Thoughts?
After one has looks at basic statistic they can go a little further in analysis.
What surprised you the most about these numbers?
Comment below.

About BitShares...
BitShares is a Decentralized Exchange where you own the keys to your own coins.
BitShares allows anyone to create custom coins for any project.
BitShares is a unique block chain project where you own the keys to your own wallet.
Do you have a great Crypto Idea, BitShares allows anyone to create and distribute a coin, among those interested in the project!

Helpful Links...
Run a Free Market Making Bot https://www.dexbot.info/
See this market
https://wallet.bitshares.org/#/market/OPEN.BTC_BTS
https://wallet.bitshares.org/#/market/OPEN.BTC_CNY
https://openledger.io/
https://crypto-bridge.org/

BlockChain Explorers for More Research
https://bitsharescan.com/
http://open-explorer.io/#/dashboard
http://www.bitshares-scaner.org/
http://cryptofresh.com/assets
https://wallet.bitshares.org/#/explorer/blocks

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very nice post! I love that you showed theres 1000 btc in open.BTC very cool

its backe dby real Bitcoin in a msart contract yeah? or it just backed by bitshares?

Open.BTC is an Open Ledger asset. Open Ledger is a gateway, exchange, portal or entrance point onto the BTS block chain. So it is backed by them. I would refer you to their website linked above for all the details.

We also have other portals, but those will be separate posts.

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