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What is the issue price of BitShares Introduction to the issue

Date:2024-08-07 19:25:01 Channel:Exchange Read:


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BTS coin, whose Chinese name is BitShares, was created as early as July 2014. BitShares is a decentralized financial service platform, and BTS coin is a fuel coin of the platform. If you only trade on the BitShares platform, the BTS coin consumed is very small. In fact, the main consumption of BTS coins is used for the development of applications on the platform. In this platform, all people and all institutions can freely transfer transactions and even issue their own digital currencies. Therefore, BitShares is loved by many investors. So how much is the issue price of BitShares? Let the editor of the currency circle bring you an introduction to the issue price and issue time of BTS coin.

 Introduction to the issue price and issue time of BTS coin

According to the investigation of the editor of the currency circle, the issue price of BTS coin is US$0.10340, the issue time is May 27, 2021, the total issue volume is 3.601 billion, the circulation volume is 2.995 billion, and the circulation rate is 83.18%. According to the latest market data, as of 14:08 on August 23, 2021, the price of BTS coin is $0.061789, and its return on investment has reached 497.57%. Its circulating market value is $185 million, ranking 130th in the world.

The BitShares system has built-in underlying functions such as transfer (Alipay), lending (banks), exchanges (BitEra, OK), asset management (Shanghai Stock Exchange), information transmission (WeChat), information display (blog), advanced multi-signature, and price feed input. Developers can use these functions to develop a large number of applications that are free from review and run at low cost, such as voting, anonymous communication, gambling, reality prediction, web page display, direct sales, information trading (VPN, seed files), and countless other applications.

BitShares uses a brand-new code, stable currency: multiple versions of anchoring, commercial-grade speed (DPOS: BTS2.0 governance structure description) and powerful functions are its significant advantages.

Among virtual currencies, Bitcoin is positioned as a currency. As a pioneer, it has the largest market value, the most complete ecosystem, the simplest technology, high capital consumption, and the most difficult evolution (the interests are too solidified and almost impossible to change, but as a currency, its advantage is stability).

BitShares is positioned as a full financial platform, and various applications can be developed using its underlying services, but the functions not provided by the underlying cannot be expanded. It is relatively closed, but the performance is strong, similar to iOS. Using BitShares, commercial-level applications that compete head-on with centralized systems can be made.

Ethereum is positioned as a contract system on the blockchain, and contract applications can be developed on it. It has a great prospect, but the disadvantage is that the performance of the blockchain is very poor, and it cannot be compared with traditional technology in terms of efficiency. Running too many application layers affects the experience, and it is still under development.

 How about BTS coin?

bts is BitShares, which is a polymorphic digital asset, which means that it can evolve into a variety of different forms of BitAssets. The operation of BitAssets is similar to Bitcoin, but some optimizations and new rules can support the value of BitShares. Any individual or institution can freely transfer, borrow, trade, and issue assets such as virtual currency, company stocks, crowdfunding projects, points, commodity futures, etc. on the platform. It can also quickly build decentralized, low-cost, high-performance virtual currency/stock/precious metal exchanges, leveraged futures exchanges, acceptance gateways, asset management platforms (crowdfunding), etc. based on this platform. BitShares uses a brand-new code, stable currency: multiple versions of anchoring, commercial-grade speed (DPOS: BTS2.0 governance structure description) and powerful functions are its significant advantages.

BitCNY is an encrypted digital currency in the BitShares system, also called a market-anchored asset or SmartCoin. Compared with Bitcoin, BitCNY can be confirmed in just a few seconds, and the price is very stable: BitCNY/=1CNY. Since BitCNY has 2 times the value as collateral, holders do not need to worry about third parties not keeping their promises to fulfill their value. BitCNY can be sold in the market to obtain BitShares (BTS) equivalent to RMB. Therefore, BitCNY can be regarded as an asset that does not require third-party endorsement, and its value is guaranteed by the 2 times value of BitShares behind it. BitCNY payment transmission is fast (3 seconds to generate a block) and its value is stable, which can effectively solve the problem that Bitcoin is difficult for merchants to use due to excessive price fluctuations. It has strong prominence in terms of convenience and usability.

In summary, this is the answer of the editor of the Coin Circle to the question of how much the issue price of BitShares is. I hope that the introduction of the issue price and issue time of BTS coins by the editor of the Coin Circle can help investors to have a more comprehensive and objective understanding of BTS coins. The editor of the Coin Circle reminds all investors here that whether you want to invest in BTS coins or other digital currencies, you must understand that the projects that can eventually attract more investors are either very innovative or have great value in themselves. If some digital currencies that have skyrocketed do not have real value, they can only be short-lived, so everyone must learn to analyze the value of the project during the investment process.


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