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 / 64625590247 USD / 10 % / 1.2878751468103 coins / 3898.3360784831 USD
ETH / 26936632396 USD / 10 % / 17.657865209288 coins / 284.3248654289 USD
BCH / 7955389343 USD / 10 % / 10.475470190597 coins / 479.26919346293 USD
LTC / 2751667833 USD / 10 % / 96.744002051983 coins / 51.895415146198 USD
DASH / 2584169623 USD / 10 % / 14.706453992312 coins / 341.3855 USD
XEM / 2082312544 USD / 8.5412211466992 % / 18534.018847391 coins / 0.23136806043829 USD
MIOTA / 1582225377 USD / 6.4899656335531 % / 5723.9851821191 coins / 0.569242 USD
XMR / 1443926365 USD / 5.9226913071002 % / 31.106067621283 coins / 95.59320561673 USD
ETC / 1071741019 USD / 4.3960629645363 % / 197.0833139546 coins / 11.198686510662 USD
NEO / 990385000 USD / 4.0623571757985 % / 102.96677137166 coins / 19.8077 USD
OMG / 903524860 USD / 3.7060746058688 % / 202.457434161 coins / 9.19038 USD
BCC / 790949672 USD / 3.2443141563581 % / 13.89147219597 coins / 117.254 USD
LSK / 677176790 USD / 2.7776410104562 % / 231.68990425913 coins / 6.0189681494397 USD
QTUM / 519596934 USD / 2.1312805962911 % / 121.50079031998 coins / 8.8067276875633 USD
STRAT / 470720973 USD / 1.9308013777121 % / 202.94970213817 coins / 4.7764168457599 USD
ZEC / 419702697 USD / 1.7215348201557 % / 4.5871691400607 coins / 188.41874073775 USD
WAVES / 407172791 USD / 1.6701397025488 % / 205.93354305406 coins / 4.0717279038559 USD
ARK / 299984075 USD / 1.230473462039 % / 201.1730118162 coins / 3.0708285755431 USD
STEEM / 272191659 USD / 1.1164746428219 % / 498.3284925775 coins / 1.1248281701318 USD
MAID / 258171643 USD / 1.0589673980611 % / 931.95721426985 coins / 0.57047899050286 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
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Upvoted