BitTwenty DAO Telegram Pools Private Placements

Bit20

The original cryptoasset index. Cryptographically secure. Algorithmically accurate.

Frequently Asked Questions


What is an index or ETF?

A type of investment fund and exchange-traded product (traded on exchanges). An ETF generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur.


What is a BTWTY?

BTWTY is a smart coin, or smart contract, running on the BitShares blockchain. It is programmed to track the nominal index value of one Bit Twenty as measured by a distributed set of price feeds (also known as oracles).


How does it operate more specifically?

Bit20 is a rules-based index designed to objectively measure the overall growth, daily and long-term movement of the blockchain sector. It does so by tracking the 20 largest cryptocurrencies by market capitalization, excluding stablecoins. It serves as a tool for passive investors to gain exposure to the broad cryptoasset class, and as an industry benchmark for investment managers.


Where can I buy BTWTY?

You can create new BTWTY tokens by locking BTS in the smart contract vault. Because BTWTY trades freely you can also buy and sell BTWTY tokens on the BitShares DEX.


Where does BTWTY come from? Who sells them?

It’s a free market. The BTWTY team has no special ability to issue. Market participants create BTWTYs by locking collateral in the smart contract.


How secure is BTWTY?

BTWTY has state-of-the-art security as a smart contract running on the BitShares blockchain. With good operational security practices like securing your private keys the holders of BTWTY can rely on the integrity of the BitShares blockchain.


What are the fees involved with trading BTWTYs?

BitShares charges network fees for various operations including limit order creation. The network fees can fluctuate with the present value of BTS. Though usually, the fee-setting committee members seek to keep costs competitive with other distributed exchanges.


Can I exit BTWTY at any time?

Any time you wish you can sell BTWTYs at the market rate. Once you have BTS, you can exchange them for any other cryptocurrency you desire in the BitShares ecosystem or withdraw to a centralized exchange. The entire process can take only minutes!