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 / 17516781304 USD / 10 % / 0.35764448027206 coins / 1082.98 USD
ETH / 1093988858 USD / 10 % / 31.535251112308 coins / 12.282185985 USD
LTC / 188177083 USD / 10 % / 102.66118427817 coins / 3.7728165905 USD
XMR / 170694161 USD / 10 % / 31.650453499685 coins / 12.2374808705 USD
DASH / 153665136 USD / 10 % / 17.929543009296 coins / 21.602436774 USD
ETC / 108423625 USD / 10 % / 318.04402578721 coins / 1.2178245395 USD
MAID / 87362348 USD / 8.1295085045543 % / 1631.1009486613 coins / 0.193043602 USD
XEM / 58631261 USD / 5.4559354898777 % / 32438.02977186 coins / 0.0065145845 USD
REP / 55544720 USD / 5.1687172330017 % / 39.646480494174 coins / 5.04952 USD
ICN / 30309495 USD / 2.8204518652732 % / 313.56761845392 coins / 0.348385 USD
STEEM / 27511086 USD / 2.5600457488451 % / 848.35863859789 coins / 0.11688 USD
FCT / 25827208 USD / 2.4033523811069 % / 31.548575757129 coins / 2.950595373 USD
WAVES / 24585200 USD / 2.2877772525776 % / 360.42254994703 coins / 0.245852 USD
DOGE / 22263906 USD / 2.0717691009358 % / 390097.07064559 coins / 0.000205703 USD
ZEC / 21920735 USD / 2.0398353030596 % / 2.5509586535325 coins / 30.9716004 USD
GNT / 20447381 USD / 1.9027322586998 % / 2955.4649081203 coins / 0.0249358305 USD
ARDR / 15447786 USD / 1.4374946477347 % / 3600.6194692076 coins / 0.015463257 USD
XLM / 14379854 USD / 1.3381181717695 % / 25183.78837 coins / 0.002058 USD
LSK / 12733358 USD / 1.1849033882713 % / 372.73925570135 coins / 0.123126 USD
GAME / 12888699 USD / 1.1993586542928 % / 219.16845517392 coins / 0.21195467 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
We are currently working on tracking data from Bit20 market to create a review of the coins movements inside the index, the volume traded, the trends of buyers and sellers and lots of other interesting information. We'll have this report ready in the course of the next months and will publish it on a regular basis.