Welcome to the first installment of the BridgeCoin (BCO) report, which is a product of the collaboration between the CryptoBridge team and the international community which surrounds this very special digital asset. BridgeCoin stands alone among the revenue-sharing exchange assets in its simplicity and scarcity.
This series will document the BCO payout statistics twice per month, discuss the previous two weeks’ price action and overall trend, trading volume and notable order book activity.
All information is presented with objective factual information derived from the CryptoBridge application order books and API (cross-referenced with the cryptofresh block explorer). The information is presented strictly for educational purposes and not to be construed as investment advice.
Period: 2018-09-01 00:00:00 to 2018-09-15 23:59:59 (GMT)
BTC paid: 13.98088389
BCO paid: 296.92824980
Equivalent total: 14.04027548 BTC
Total staking positions: 10,708
1-month: 337 | 3-month: 913 | 6-month: 1572 | 12-month: 7886
Total staked: 12,179,780.95020480 BCO
Total staked (with bonus): 22,129,013.69457660 BCO
As of this payout, 45.11% of the total BCO supply are staked. As indicated in our initial announcement, we’re giving 75% of all available profit to stakers, and market makers get the remaining 25%. When the promotion ends, stakers will receive 50% as advertised. With current volume and price, stakers are enjoying around 14% return annum.
Period: 2018-09-03 to 2018-09-09
Total volume: 2578.450164 BTC | Average Daily volume: 368.3500234 BTC
Period: 2018-09-10 to 2018-09-16
Total volume: 2951.092707 BTC | Average Daily volume: 421.5846724 BTC
This week heralds another new all-time-high in trading volume on CryptoBridge, and accordingly, payout #19 is the highest in BTC yet.
BCO Price: 0.00021850 BTC | $1.41 USD | 12.73026 BTS
Market Cap: 5,900 BTC | $38,208,928 USD | CMC Rank: #125
As the overall cryptocurrency bear market winters on, BridgeCoin has enjoyed a rally in volume, nearly matching levels last seen at the end of May. Despite the high trading volume, price only moved 5% to the upside on the day of heaviest trading. The uptrend for the week accelerated well beyond that over the weekend toward the close of the staking period.
Order Book Activity
Following the appearance of a large buy wall for 30K BCO at 15K sat, heavy trading volume ensued and reduced this order to 20K BCO. Currently our most visibly hungry whale has raised the level of their buy order from 15K to 17K and finally to 20K sat over the course of the weekend.