Steem Backed Dollar / Bitshares Margin Leveraged Asset Idea

Ideas of introducing bitshares UIAs with SBD / bitUSD trading pairs to be margin traded to offer new markets of potential interest to the steem and bitshares communities.

Thanks to many people who have talked to me about game and investing ideas. After talking on Beyond Bitcoin Hangout last Friday with @fyrstikken about an idea of Legacy market trading on the bitshares DEX. Will use steem from these posts to build up value to introduce some UIAs that people are interested in that they may vote for in this post.

Legacy Market Ideas from 1broker

Some markets available to consider are those of 1broker.com: ASX 200, Alibaba Group H. Ltd., Alphabet, Inc., Amazon.com, Inc., Apple, Inc., ATX, AUD/NZD, AUD/USD, Bank of America Corp., BMW AG, BTC/USD, Cisco Systems, Inc., Citigroup Inc., Coca-Cola, Crude Oil (WTI), DAX (German 30), Deutsche Bank AG, Dow Jones 30 Industrial, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NOK, EUR/SEK, EUR/USD, Euro Stoxx 50, Facebook, Inc., Ford Motor Comp., FTSE 100, GBP/USD, Gold 1 oz, GoPro, Inc., Hong Kong 50, Intel Corporation, Microsoft Corp., NASDAQ 100, Netflix, Inc., Nikkei 225, NZD/USD, PepsiCo, Inc., S&P 500, Silver 1 oz, SMI, Snap, Inc., Tesla Motors, Inc., Twitter, Inc., USD/CAD, USD/CHF, USD/CNH, USD/JPY, USD/MXN, USD/RUB, Visa, Inc., Volkswagen AG, Western Union, Yahoo Inc.

Crypto pair possibilities

Other trading pairs can be of course any pairs of cryptocurrencies that there is interest in. Will also consider margin levels starting with a simple asset based on voting and feedback interest. Will initially introduce at 2X or so so that we can insure to have capital to back the asset we offer. As capital is built up more will be considered and added. Will discuss and explore margin level possibilities as well.

So please feel free to reply with a comment with market(s) of interest and margin levels. This will all be reviewed and considered to see where the most initial interest lies.

bitshares & steem supported business

This business model idea would utilize steem and bitshares using bitshares and steem earned from both to support and grow the business. Have thought about a game using parts / values from steem and bitshares. And find myself exploring gamification of trading for newer and more experienced users. Using value of the crypto tokens and users that can both add value to a business model to support and add value back to the crypto and users. Might explore a more fun way of trading for newer users who may check out my giveaways of bitshares UIAs and a big thanks to @mrwang that made a pilot video of me!

Bitshares Test Pilot Episode - @Virtualgrowth Bitshares Weekly Giveaway

About a dozen tokens are given away when I do these tokens. Partially being a way to give back and market data from interest I have found in various steem(it) groups and people and a big thank you to those who have inspired me to explore more ideas in the crypto space: @fyrstikken, @instructor2121, @mrwang, @officialfuzzy, @sykochica, @taskmanager all of whom I have worked with more or less at various time and continue working with on some (in)direct ways.

Vote and comment on markets

Vote and comment on markets that you have interest in and we will have fun exploring further ideas while expanding on our interests, passions, skills and talents that we have all found ways to grow and earn from with these new world of cryptocurrencies of bitcoin and beyond!

Examples of potential margin leveraged UIAs

BTC/SBD / BTC/bitUSD: bitcoin and Steem Backed Dollars / bitUSD traded at a growing leverage of 2X + allowing for the business model to keep the amount of the UIAs issued to be covered by capital as too much leverage may be too high of a risk combined with low liquidity and trading volumes within the bitshares DEX in some markets.

SBD/DOW / bitUSD/DOW: Steem Backed Dollars / bitUSD and the DOW index as a potential interest in bringing a legacy market margin option to be made available on a decentralized exchange. This may also introuce new users to trading that have become involved in steem and bitshares that may explore parallel market investing that they wouldn't normally as another learning experience.

Also to mention markets will be considered with feedback, interest, and current volumes on the bitshares DEX of one or both of the crypto assets of each trading pair so that volume of assets directly on bitshares DEX may be used related to the larger markets traded on the bitshares DEX and building upon the marger volume and liquidity markets and expand on them to grow bitshares, steem while increasing demand and value is related business and users.


Sort:  

Vote for SBD/GOOG (Alphabet, Inc.) 2X+

Vote for BTC/SBD 2X+

Vote for SteemShort 2X+ as a way to short steem

Vote for bitUSD/SBD 2X+

Vote for SBD/DOW 2X+

Vote for BitUSD/DOW 2X+

I was playing around with waves on the openledger ! It was super exciting to feel that I was actually about to create an asset through the blockchain. So many ideas came to mind and without you all , none of this would be possible.

Thank You!!

We have all the market pairs in BitShares. But we need liquidity, aka traders. Chicken and egg problem.

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