BitShares (BTS) Price Tops $0.0012 on Exchanges

BitShares (BTS) traded 0.4% higher against the dollar during the 24-hour period ending at 11:00 AM ET on August 28th. One BitShares coin can currently be bought for $0.0012 or 0.00000002 BTC on popular cryptocurrency exchanges. BitShares has a total market cap of $3.69 million and $90.87 thousand worth of BitShares was traded on exchanges in the last 24 hours. During the last week, BitShares has traded 5.9% higher against the dollar.

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

• TRON (TRX) traded up 0.8% against the dollar and now trades at $0.34 or 0.00000429 BTC.
• Terra Classic (LUNC) traded down 2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Tezos (XTZ) traded 2.5% lower against the dollar and now trades at $0.23 or 0.00000284 BTC.
• aelf (ELF) traded 1.3% higher against the dollar and now trades at $0.0646 or 0.00000081 BTC.
• Terra (LUNA) traded 2.6% lower against the dollar and now trades at $0.0459 or 0.00000058 BTC.
• Adshares (ADS) traded 0.4% lower against the dollar and now trades at $0.47 or 0.00000594 BTC.

BitShares Coin Profile

BTS uses the hashing algorithm. Its launch date was October 13th, 2015. BitShares’ total supply is 2,995,060,000 coins and its circulating supply is 2,996,819,868 coins. The official message board for BitShares is bitsharestalk.org. 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 Twitter account is @bitsharesgroup and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as BitShares directly using U.S. dollars. Investors seeking to acquire BitShares should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase BitShares using one of the aforementioned exchanges.

BTS/USD price chart by TradingView