Change % (1H)
Change % (24H)
bitUSD (BITUSD) Historical Price & Volume Charts
What is bitUSD?
bitUSD is a market pegged asset (MPA) issued on the Bitshares platform, these assets are known as bitassets or smartcoins. Smartcoins always have 100% or more of its value backed by BitShares (BTS), and can be redeemed for it at any time. Since the exchange rate of BTS to USD can change, the blockchain protocol deals with increasing and decreasing supply accordingly. This allows users to trade and transfer stable priced tokens across the blockchain and to trade real world commodities like gold and silver in a decentralized manner.
Genesis Date: 2015-05-11
|Mkt. Cap||USD 97,325,134||Volume 24H||USD 24,543|
|Mkt. Share||0.04 %||Available Supply||3,597,870|
|Change % (1H)||-0.42 %||Max Supply||0|
|Change % (24H)||100.52 %||Total Supply||3,597,870|
|Change % (7D)||2,545.23 %||Proof|
|Algorithm||Upated: 3 months ago|
bitUSD Historical Data
bitUSD (BITUSD) Reviews & Critics
This is a tutorial of the bitAssets feature of BitShares 2.0: https://bitshares.org/ Specifically this video deals with the bitUSD, a crypto-currency that is able to keep ....
- Hello there. Question: How does this whole thing with Bitshares works? I thought it is like ethereum, where you buy ethereum, you hold it, and someday you can sell it. However what about BTS? The other day i deposited some ethereums on the website "openledger.io" and i thought that i purchased a fixed amount of Bitshares by doing so, but i realised that was not the case. That day i got 149 BTS, than it went down (147 BTS) and now/currently i have 155 BTS. I only want to buy a fixed amount of bishares and that same amount hold for some time (Maybe a couple of years). Is that possible? Just as if i would buy bitcoins or ethereums now and simply hold them. I thought bitshares also worked this way. Thank you.
- On the question of "what if BTS value falls?" ... Simply: if the value of the total BTS locked to collateralize the total bitUSD drops to a margin call trigger value (110%)... then all the bitUSD in everyone's wallets is converted to the BTS backing it (at 110% value, a 10% gain!). All the bitUSD debts that created the supply are margin called to transfer the collateral.All Market-Pegged Assets on BitShares (USD,CNY,Gold,Silver,BTC) work this way. it is a very good question, and there was recently a lot of talk of a "black swan event" as the BitShares community saw that BTC was overvalued in December and crashing, dragging BTS with it.
- Wow.... it was such a slow explanation and then the most interesting part was left out? Where does the collateral come from or go to once price changes?
- Thumbs up Chris