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BitShares

BTS$0.00
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Price Data

Analysis

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Market Cap

6554188
#2057

All-Time High

0.923921

All-Time Low

0.00144921

Fully Diluted Valuation

7244335

Circulating Supply

2710195991.53075 (90.47%)

Total Supply

2995575541.72707

Max Supply

3600570502

What is BitShares?

BitShares (BTS) is a multifaceted blockchain platform that transcends simple cryptocurrency use cases. It integrates several features including a decentralized exchange (DEX), a Delegated Proof of Stake (DPoS) consensus mechanism, and various financial instruments.

  • Decentralized Exchange (DEX): Facilitates trading of digitized assets.
  • BTS Token: Serves as a utility token for staking, voting, and collateral.

Delegated Proof-of-Stake: A Revolution in Consensus

Introduced by BitShares co-founder Daniel Larimer, the DPoS mechanism aims to address the inefficiencies of Proof of Work systems.

  • Token Voting: BTS holders vote for delegates.
  • Delegate Responsibilities: Top 101 delegates validate transactions and produce blocks.
  • Energy Efficiency: Reduces the need for specialized mining hardware.

Governance: Power to the Shareholders

BitShares operates as a decentralized autonomous organization (DAO), where BTS shareholders have voting rights on network decisions.

  • Elected Committee: Guides protocol direction and blockchain parameters.
  • Decentralized Control: Ensures democratic governance within the platform.

The Decentralized Exchange (DEX)

BitShares' DEX allows for the trading of various digital assets, including:

  • User-Issued Assets: Tokens representing diverse assets like shares and commodities.
  • Market Pegged Assets: Digital assets pegged to real-world assets for stability.
  • SmartCoins: Market-pegged assets backed by BTS tokens.
  • Distributed Autonomous Companies (DACs): Companies operated by smart contracts.

Roadmap and Current Projects

The BitShares Group maintains a dynamic roadmap with ongoing and upcoming developments:

  • Work in Progress: Features and upgrades tracked on GitHub.
  • Upcoming Projects: Planned features and enhancements.
  • Implemented Features: Successfully integrated functionalities like peer-to-peer bartering and decentralized liquidity pools.

Other Exchanged-based Tokens

  • LEO Token: offers trading fee discounts on Bitfinex and iFinex platforms.
  • WhiteBIT Coin: offers trading discounts and perks on the WhiteBIT exchange.
  • Tranchess: provides a tokenized asset management protocol with varied risk/return profiles.

BitShares Price Analysis

As of December 3 2024 BitShares has a marketcap of $6.6M. This is {{percentagefromath}} from its all time high of $0.923921. In terms of its tokenomics, there's a total supply of 3B with 90% currently outstanding. Keep in mind BitShares has a fully diluted value of $7.2M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Chat GPT LogoClaude LogoSummarized in part by ChatGPT 4 and Claude