BitShares (BTS) Trading 13.9% Higher This Week

BitShares (BTS) traded up 4.3% against the U.S. dollar during the 1 day period ending at 12:00 PM ET on July 7th. One BitShares coin can currently be purchased for approximately $0.0011 or 0.00000002 BTC on major exchanges. BitShares has a market capitalization of $3.35 million and $81.46 thousand worth of BitShares was traded on exchanges in the last 24 hours. Over the last week, BitShares has traded up 13.9% against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• TRON (TRX) traded up 1.2% against the dollar and now trades at $0.33 or 0.00000520 BTC.
• Terra Classic (LUNC) traded down 1.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Tezos (XTZ) traded 1.9% lower against the dollar and now trades at $0.25 or 0.00000387 BTC.
• aelf (ELF) traded 0.4% higher against the dollar and now trades at $0.0611 or 0.00000096 BTC.
• Terra (LUNA) traded 1.3% lower against the dollar and now trades at $0.0486 or 0.00000076 BTC.
• Adshares (ADS) traded down 0.2% against the dollar and now trades at $0.41 or 0.00000635 BTC.

BitShares Profile

BTS uses the hashing algorithm. Its genesis date was October 13th, 2015. BitShares’ total supply is 2,995,060,000 coins and its circulating supply is 2,996,702,463 coins. BitShares’ official message board is bitsharestalk.org. BitShares’ official website is bitshares.github.io. BitShares’ official Twitter account is @bitsharesgroup and its Facebook page is accessible here. The Reddit community for BitShares is https://reddit.com/r/bitshares and the currency’s Github account can be viewed here.

According to CryptoCompare, “BitShares (BTS) was first introduced in a White Paper titled “A Peer-to-Peer Polymorphic Digital Asset Exchange” by Daniel Larimer, Charles Hoskinson, and Stan Larimer. It is a brand of open-source software based on as blockchain technology as used by Bitcoin. Unlike bitcoins, which do not produce any income for their owners, BitShare can be used to launch Decentralized Autonomous Companies (DACs) which issue shares, produce profits and distribute profits to shareholders. As such, BitShares is about making profitable companies that people want to own shares in, thus creating a return for the shareholders. The first DAC launched by this process was called BitSharesX, a decentralized asset exchange based in Hong Kong. BitShares was originally launched under the name of ProtoShares (PTS); it was later renamed to BitShares (BTS) and “reloaded” in November 2014 by merging several products into BitShares (BTS). Telegram, GitHub”

Buying and Selling BitShares

It is usually not currently possible to purchase alternative cryptocurrencies such as BitShares directly using US dollars. Investors seeking to acquire BitShares should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase BitShares using one of the exchanges listed above.

BTS/USD price chart by TradingView