What is BitShares? BitShares is a blockchain that provides decentralized finance (DeFi) services to its users. In this article, you can find answers to frequently asked questions such as what is BitShares, what it offers, what is BTS coin, how to buy it, what is it used for. As Kriptokoin.com, we have compiled it for our curious readers.
What is BitShares? What does BTS offer?
The sequel to ProtoShares, which was released in 2014, BitShares was created by Dan Larimer and Cardano founder Charles Hoskinson. The project was founded as a decentralized exchange (DEX) and later built its own public blockchain. The project has a native cryptocurrency called BTS coin.
Users can trade cryptocurrencies via DEX. The platform, which performs very fast transactions, also has many records in this field. Through the platform, users can access DeFi services and transfer crypto very quickly. The platform stands out with the low transaction fees it offers. In addition, there are versions of DEX that can be downloaded to smartphones. The decentralized stock market, powered by artificial intelligence technology, aims to stay ahead of its competitors with this technology.
What is BTS coin? What does it do?
BTS coin is a token that works as the native cryptocurrency of the BitShares exchange. The maximum supply of the token is capped at 3.65 billion units. The BTS token has various use cases within the network. BTS works as the platform’s governance token. Key to the decentralization of DEX, holders of the token gain voting rights in voting that determines the future of the platform and can submit bids for the exchange to the community. Using the Proof-of-Stake consensus mechanism, users can stake their BTS assets on the exchange.
This means that users can lock their BTS holdings for a certain maturity, earning passive income at maturity. In addition, BTS can also be used to pay transaction fees for transactions such as crypto money transfer and trading on the network. At the time of writing, BTS coin was the 455th largest cryptocurrency with a market cap of around $82 million. There were 3 billion BTS in circulation, which corresponds to 83% of the maximum supply of the cryptocurrency.
How to get BTS coins?
BTS coin currently; It is listed by crypto exchanges such as Binance, Gate.io, Huobi Global, and HitBTC. Investors interested in the BitShares project can become a member of one of these exchanges. Investors who are fully members can purchase BTS by depositing funds into their wallets.
