Get targeted help: Tell us the issue so we get you to right rep, offer relevant tips, reminders & follow-up!
BitShares Contact Info
BitShares Phone Number
BitShares Live Chat
BitShares Email Support
BitShares Help Desk
BitShares on Twitter
BitShares on FB/Messenger
All BitShares contacts
General customer information
BitShares Top FAQ
BitShares (symbol BTS), formerly known as ProtoShares (PTS), is an industrial grade “crypto-equity”, peer to peer distributed ledger and network based on a Delegated Proof of Stake (DPoS) algorithm. It was created in 2014 by visionary Dan Larimer (“Bytemaster”), co-founder of Steemit, EOS and, Cryptonomex.
BitShares competes with banks by issuing collateralizing market-pegged and stable bitAssets (also called smart coins) This means crypto-based assets track real-world market assets like the US dollar denominated “bitAsset” known as bitUSD.
BitShares operates more as an equity rather than a purist “currency” since BTS tokens are used as collateral for a variety of decentralized financial services like smart contracts, decentralized exchanges, banking, derivative creation (of market pegged “bitAssets”) and currency rails.
- A predictable stable price with reduced volatility
- A relatively reliable solution to predict the future value of a token
- A unit of account distinct from assets with capital gains or losses (which has increased tax liability)
- Hedging against volatile Cryptocurrency markets and price action
A BitShares market-pegged asset (MPA) can be viewed as a contract between an asset buyer seeking price stability and a short seller seeking greater exposure to BTS price movement.