On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.
We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:
BTC / 191074133748 USD / 10 % / 1.7621180424404 coins / 11154.3 USD
ETH / 86749749450 USD / 10 % / 22.307916912529 coins / 881.086 USD
BCH / 23512931703 USD / 10 % / 14.421648975741 coins / 1362.895 USD
LTC / 12543234330 USD / 10 % / 87.898848139711 coins / 223.6115 USD
ADA / 9649420441 USD / 8.178680453421 % / 44106.898247378 coins / 0.3644635 USD
NEO / 8140437500 USD / 6.8996928334326 % / 110.45349097509 coins / 122.78 USD
XLM / 7226362390 USD / 6.1249387141747 % / 30899.720039557 coins / 0.389605 USD
EOS / 6239304065 USD / 5.2883252949104 % / 1166.7609282758 coins / 8.908685 USD
DASH / 5395473352 USD / 4.5731091012947 % / 13.318389305634 coins / 674.8965 USD
MIOTA / 5126204315 USD / 4.3448813623244 % / 4683.324355551 coins / 1.82348 USD
XMR / 4672564764 USD / 3.9603843916153 % / 26.591508536255 coins / 292.733 USD
XEM / 4209700500 USD / 3.5680687150718 % / 15344.257037811 coins / 0.457051 USD
ETC / 3734708291 USD / 3.1654736038909 % / 172.05923405933 coins / 36.1608 USD
TRX / 3035058199 USD / 2.5724623897292 % / 110421.42263407 coins / 0.04579025 USD
VEN / 2900966961 USD / 2.4588089953195 % / 794.76855951029 coins / 6.08081 USD
LSK / 2596046947 USD / 2.2003641100949 % / 174.07428434823 coins / 24.8449 USD
QTUM / 2246489935 USD / 1.9040856839571 % / 128.19100677472 coins / 29.19485 USD
BTG / 2193605351 USD / 1.859261633011 % / 28.72843293442 coins / 127.2055 USD
OMG / 1844847702 USD / 1.563660733009 % / 172.58953442844 coins / 17.8076 USD
ICX / 1578373662 USD / 1.3378019847435 % / 648.07631034408 coins / 4.057355 USD
The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/u/bittwenty.feed
You will find on the website the composition with the updated price of each coin and the total value of the index
Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange
Do you think 20 coins is enough to represent a cryptocurrency index fund? There are more than 1200 tokens. I guess the DOW is only made up of 30 companies. Great post...
good post sir @blocktivity
Gracias por compartir esa informacion. Un abrazo grande!.
Thanks for sharing that information. A big hug!.
Ur post are very awesome and good