BitShares Price Hits $0.0115 on Major Exchanges (BTS)

BitShares (BTS) traded down 3.6% against the US dollar during the one day period ending at 19:00 PM E.T. on March 18th. In the last week, BitShares has traded up 15.2% against the US dollar. BitShares has a market capitalization of $34.52 million and approximately $1.61 million worth of BitShares was traded on exchanges in the last 24 hours. One BitShares coin can currently be purchased for about $0.0115 or 0.00000043 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Belrium (BEL) traded 1.4% lower against the dollar and now trades at $2.70 or 0.00010026 BTC.
• TRON (TRX) traded down 2.3% against the dollar and now trades at $0.0662 or 0.00000246 BTC.
• Tezos (XTZ) traded 2.6% lower against the dollar and now trades at $1.21 or 0.00004472 BTC.
• Terra Classic (LUNC) traded up 1.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 0.2% against the dollar and now trades at $1.44 or 0.00005345 BTC.
• aelf (ELF) traded 4.2% lower against the dollar and now trades at $0.31 or 0.00001150 BTC.
• Adshares (ADS) traded 0.5% higher against the dollar and now trades at $0.90 or 0.00003351 BTC.
• GXChain (GXC) traded 0.8% lower against the dollar and now trades at $0.44 or 0.00001632 BTC.

BitShares Coin Profile

BitShares (BTS) uses the hashing algorithm. It was first traded on July 19th, 2014. BitShares’ total supply is 2,994,786,934 coins and its circulating supply is 2,994,804,385 coins. 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. The official website for BitShares is bitshares.github.io. BitShares’ official message board is bitsharestalk.org.

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).”

Buying and Selling BitShares

It is usually not 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 Coinbase, GDAX or Gemini. 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