Bit20 - The cryptocurrency index fund [2016/12/21 - revision]
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it.
This new composition swap with the previous one without any disturbance of the index price.
We have run this operation today. Here is the new composition of the Bit20 Index Fund:
BTC / 10 % / 0.35831181695703 coins / 799.821 USD
ETH / 10 % / 37.199209735944 coins / 7.70407 USD
LTC / 10 % / 78.238296619253 coins / 3.66298 USD
XMR / 10 % / 33.772219777015 coins / 8.48583 USD
ETC / 10 % / 251.16149806351 coins / 1.14104 USD
DASH / 8.7433342390011 % / 24.658628597813 coins / 10.1616 USD
MAID / 5.2747667050028 % / 1601.6463697779 coins / 0.0943823 USD
XEM / 4.1356821886812 % / 31852.260162871 coins / 0.00372101 USD
STEEM / 3.9711412874907 % / 810.28584634357 coins / 0.140453 USD
REP / 3.8166925154033 % / 38.930540199065 coins / 2.80964 USD
ICN / 3.5079674915334 % / 307.90518157442 coins / 0.326507 USD
FCT / 3.1909651978308 % / 30.978867219368 coins / 2.95196 USD
DOGE / 2.8887791504422 % / 380021.98060263 coins / 0.000217851 USD
WAVES / 2.6213206871199 % / 353.91400180968 coins / 0.212264 USD
XLM / 2.4693787079238 % / 24496.278131841 coins / 0.00288896 USD
DGD / 2.3290265860039 % / 7.0782800361936 coins / 9.42976 USD
PEERPLAYS / 2.3032139917805 % / 3.5391400180968 coins / 18.6505 USD
LSK/ 1.8395816647623 % / 356.73730553889 coins / 0.147783 USD
GAME / 1.5350986397995 % / 210.33401465615 coins / 0.209161 USD
EDR / 1.3730509472244 % / 48.208871895696 coins / 0.816232 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. Here it is :
http://cryptofresh.com/tx/14d715654ce5b724f4c27dd54982a84ee1d72c2f
You'll find on the website the composition with the updated price of each coin and the total value of the index
It would be great if you could include in the updated list another value indicating percentage change for each asset vs. the previous month's list. This would also serve the purpose to visually indicate which assets, if any, are new in the list that month.
You could also include the removed assets with a strikethrough, or use some other way to indicate which assets from last month's list have been removed this month. Thanks for your work on Bit20.
At the moment, all the changes and historic data from July 2015 are well documented in the website. So, I didn't feel compeled to poorly copy/past it in the revision blog.
With that said, this blog feel a little short or poor in information and you are totally right, it would benefit from having more explanations.
I will follow your idea and make the next one with more details on the changes of the coins in the index.
I'm also gathering the data from the markets of Bit20. I will also add the evolution of the order books, supply, market cap, numbers of holders of the asset and so on .. the next revision will probably feel like a whole "report" of the index composition changes and its evolution on the markets.
I'm gathering information on the BitShares exchange to add also in the next revision that will be more a "repport"
If you are curious about the last revisions, you'll find them all on this page : http://www.bittwenty.com/bit20.php
Thanks for your ideas TombStone ;)
Sounds great. Thanks!
Intriguing
Here you'll find the official Steemit blog and all the info you are curious about are on the website : https://steemit.com/bitshares/@estefantt/bit20-the-cryptocurrency-index-fund
Have fun ;)
Cool thanks☺
Thankyou for this, just getting started so lots to learn for me
This post has been linked to from another place on Steem.
Bitshares -比特股周报 - 20th December 2016 by @roseebit
Bitshares - State of the Network - 20th December 2016 by @steempower
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