bitUSD - BITUSD

bitUSD BITUSD price, market cap & charts

Live bitUSD prices from all markets and BITUSD coin market Capitalization. Stay up to date with the latest bitUSD price movements and discussion. Check out our snapshot charts and see when there is an opportunity to buy or sell bitUSD

Price

BTC 0.00017008
USD

0.64

Market Cap

USD

4,262,463

Change % (1H)

%

-2.64

Change % (24H)

%

-22.09

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

bitUSD Wiki

beta

bitUSD Key Financial Information

Mkt. CapUSD 4,262,463Volume 24HUSD 692
Mkt. Share0.00 %Available Supply6,624,300
Change % (1H)-2.64 %Max Supply0
Change % (24H)-22.09 %Total Supply6,624,300
Change % (7D)-19.77 %Proof
AlgorithmUpated: 5 months ago

bitUSD Historical Data

DatePriceVolume

bitUSD Videos

How bitUSD Works - BitShares 2.0 Feature bitAssets - Chris Coney
bitUSD mayhem

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
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