Key metricsKey metrics
PricePrice$0.0436
Asset TypeAsset TypePlatform
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorSmart Contracts
IndustryIndustryBlockchain
FoundedFounded1-Jun-2013
Funds raisedFunds raised6M
CountryCountryChina

BitShares (BTS) Information{coin_name} ({symbol}) Information

Industrial-grade decentralized platform

BitShares is a public, blockchain-based, real-time financial platform. It provides a decentralised asset exchange. BTS is a cryptocurrency token, which can be transferred between accounts, and is used to collect fees for network operations and as a collateral for loans.

Questions and AnswersQuestions and Answers

What happens to the asset creation fee?
50% of the asset creation fee are used to pre-fill the assets fee pool. From the other 50%, 20% go to the network and 80% go to the referral program. This means, that if you are a life-time member, you get back 40% of the asset creation fee after the vesting period (currently 90 days).
Can I change x after creation of the asset?
The following parameters can be changed after creation: Issuer UIA-Options: Max Supply Market Fee Permissions (disable only/nor re-enable) Flags (if permissions allow it) Core exchange rate White/Black Listing Description MPG-Options: Feed Life Time Minimum Feeds Force Settlement Offset/Delay/Volume Things that cannot be changes: Symbol Precision. A tutorial can be found: http://docs.bitshares.org/bitshares/tutorials/uia-update-manual.html
What is the fee pool all about?
The fee pool allows participants in the network to deal with assets and pay for the transaction fees without the need to hold BTS. Any transaction fee can be paid by paying any asset that has a core exchange rate (i.e. a price) at which the asset can be exchange implicitly into BTS to cover the network fee. If the asset’s fee pool is funded, the fees can be payed in the native UIA instead of BTS.
What to do if the fee pool is empty?
Open up the issuer’s account, click the assets tab and open up the dialog to change the asset. There will be a fee pool tab that allows you to fund the fee pool and claim the accumulated fees!
What is Fee Pool Draining?
If an order is created and paid in a non-BTS asset, the fee is implicitly exchange into BTS to pay the network fee. However, if the order is canceled, 90% of the fee will be returned as BTS. The result is, that if the core exchange rate is lower than the highest bid, people can simply buy your token from the market, and exchange them implicitly with the fee pool by creating and canceling an order. This will deplete the fee pool and leave the issuer with his tokens at a slight loss (depending on the offset of the core exchange rate). For this reason, we recommend to use a core exchange that is slightly higher than the market price of your asset. As a consequence, paying fees in BTS should always be cheaper.
What happens if I enable Market fees?
If Market Fees of a UIA are turned on, fees have to be payed for each market transaction. This means, that market fees only apply to filled orders! The percentage of market fees that are applied can be defined and changed by the issuer and any fee generated that way will be accumulated for each asset only to be claimed by the issuer. If the Market Fee is set to 1%, the issuer will earn 1% of market volume as profit. These profits are accumulated for each UIA and can be withdrawn by the issuer.
How to claim accumulated fees?
Open up the issuer’s account, click the assets tab and open up the dialog to change the asset. There will be a fee pool tab that allows you to fund the fee pool and claim the accumulated fees!
What if two different market fees are involved in a trade?
Suppose, I set the market fee for MyUIA market at 0.1%. and the market fee for YourUIA market at 0.3%. In BitShares, You pay the fee upon receiving an asset. Hence, one side will pay 0.3% the other will pay 0.1%.
What are the Permissions:
Enable market fee Require holders to be white-listed Issuer may transfer asset back to himself Issuer must approve all transfers Disable confidential transactions
WHAT ARE ASSET FLAGS AND PERMISSIONS?
When an asset is creatd, the issuer can set any combination of flags/permissions. Flags are set in stone unless there is permission to edit. Once a permission to edit is revoked, flags are permanent, and can never be modified again.

TechnicalTechnical

Key metricsKey metrics

Source Code Repositories

bitshares/bitshares-core 1036 Stars 76 Contributers 239 Open Issues

BitShares Blockchain implementation and command-line interface

EconomicsEconomics

Tradeable CoinsTradeable Coins
2,678,150,000 (98% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance BTS/BTC $0.0436 -0.01% $75,911 0.81% 1.6%
Poloniex BTS/BTC $0.0436 -0.01% $31,815 1.1% 1.9%
Gate.io BTS/USDT $0.0436 -0.19% $24,853 1.1% 2%
Binance BTS/BNB $0.0443 1.5% $5,739.86 1.1% 12%
Binance BTS/ETH $0.0439 0.53% $4,334.20 1.1% 8.7%
Bittrex BTS/BTC $0.0433 -0.82% $2,081.31 0.54% 1.6%
Indodax BTS/IDR $0.0434 -0.43% $1,071.98 0.96% 2.1%
Gate.io BTS/BTC $0.0427 -2.2% $956.84 1.9% 24%
Indodax BTS/BTC $0.0436 -0.01% $8.4137 1.6%
Lykke BTS/BTC $0.0481 10% $0.0000 13%
Lykke BTS/USD $0.0530 21% $0.0000 10%

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Colin is an associate editor and staff writer for Bitcoin Magazine. He's proud to call Nashville his home, where he lives with his family and doesn't eat hot chicken as much as you might think. Apr 18, 2019 11:28 AM EST Home › Articles › Five Years in the Making, Bisq Exchange Launches Its Bitcoins DAO Blockchain Five...

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Colin is an associate editor and staff writer for Bitcoin Magazine. He's proud to call Nashville his home, where he lives with his family and doesn't eat hot chicken as much as you might think. Apr 18, 2019 11:28 AM EST Home › Articles › Five Years in the Making, Bisq Exchange Launches Its Bitcoin DAO Blockchain Five...

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BitShares Community on Twitter

BEOS Blockchain Has Launched - https://t.co/sNBD8bkqad…

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This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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