CoinMarketCap has added AEX exchange's listed bitAssets such as dollar pegged smartasset bitUSD and loosely pegged asset bitCNY showing great volume.
Source: https://coinmarketcap.com/currencies/bitcny/#markets
Looks like smartcoin adoption is finally getting some steam!
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so interessing info thanks for sharing
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Its great news.
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bts awareness is growing fast.
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yep, it's a good sign
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terima kasih atas info nya
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info is very useful, hopefully more people are making transactions. thanks for sharing @ash 😊😊😊😊
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great !!!!!!!! thanks for information sir
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Nice photo,can Upvote my photo please !
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I know that Bitshares is decentralized and that all transactions on the Bitshares DEX take place on the blockchain...
My question is, if I were to buy a bitUSD or bitCNY on the AEX exchange, is that transaction actually happening on the Bitshares blockchain or is it an IOU for one of those smartcoins?
Thanks.
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it's an IOU until you withdraw to your BitShares wallet. that's how it is with centralized exchanges :')
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It is slightly better this way. Still need a lot more volume.
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it is, because you can audit their holdings and see if bitshares accounts = order volume
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How do you do that? Can you explain?
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I always look forward to your post. Thanks for the update.
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But BitCNY on AEX is traded on their own platform, not utilizing the Bitshares DEX right?
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it is, bitCNY must be shorted on bitshares to generate supply
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In theory they could issue more tokens then what exists but they screwed if many people withdrawal at once, and they would have committed fraud.
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but you can audit their bitshares accounts/wallets. so fractional reserve can't stay hidden long
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Yes, someone volunteer and do the audit on a monthly bases, perhaps we can should propose this to the bitshares community?
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