The Interesting Tokens to Trade on BitsharesDEX
If you are not aware Steemits older brother are Bitshares and they have exchange built on top of them allowing to trade coins (and FIAT!) without ever passing your keys to third party.
Its called a decentralized exchange - and it probably is the future of cryptocurrency.
Currently the most known BitsharesDEX is OpenLedger so in the screenshots i will stick to that.
While the exchange is anonymous and easy to use i wont speak about usage (i even think ive done some tutorial on it before) i will just show interesting opportunities to trade.
List is alphabetic.
BlockPay
BlockPay gives you access to the profit streams of all products developed by @bitshares-munich. They are working to be one of the first companies that legally can pay direct dividend to all token holders
GOLOS
Since today there is added MPA of GOLOS into the exchange which takes prices from Bittrex. Now by buying or selling this asset you are longing or shorting the coin itself. You can trade it vs BTS or OPEN.BTC (which is BTC withdrawable by @blocktrades).
ICOO
ICOO is a token made by @bloggersclub which pays dividents based on new ICO coins added to the exchange. Speaking shortly if they add new ICO coins and they make good profits all shareholders wil lget dividents in BTC from holding the token. And you can trade it too.
PeerPlays
By the screen from CoinmarketCap so you can see the huge price potential. When they were preparing snapshot for sharedrop on Bitshares network the BTS token itself had a nice pump. Totally worth watching and accumulating this token while awaiting launch of live network, currently only the testnetwork is up where you can play some games. Made by @peerplays
And this is just the top of iceberg there are many more tokens with good prices and entry points vs other exchanges.
If you are creator of any token - write in the comments about it.
!! JOIN OPENLEDGER NOW !!
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Glad to see this popping up in the midst of so many other posts. I've been an early follower and bought into BitShares a long time ago. Thanks for sharing widely, all for one and one for all! Namaste :)
Thanks man, BTS should be remembered on STEEM :)
I can only agree with that statement myself. All for one and one for all! Namaste :)
Thank you for posting. This is a topic I am learning more about.
Can anybody explain what's the point of having the MPA for golos? It doesn't make any sense!
I didnt make it but i THINK its about long vs short + trade for BTS not only BTC.
There is no reason to have an MPA for a coin with very small marketcap. If the MPA comes popular, it will hurt very badly the real coin because all those people who buy the MPA are not raising the value of the real coin. Price of the MPA will be the same, regardless of how much demand there is for it. It's financial derivative that tracks the value of real asset.
MPAs are only useful for assets that have really big marketcap, like fiat-currencies and precious metals.
yes i totally understand you