We are pleased to bring you the latest 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 documents the BCO payout statistics twice per month, discusses the previous two weeks’ price action and overall trend, trading volume and notable orderbook 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: 2018-10-16 00:00:00 to 2018-10-31 23:59:59 (GMT)
BTC paid: 8.45900631
BCO paid: 127.22997135
Equivalent total: 8.48571823 BTC
Total Staking Positions: 11,041 | Net positions created: 142
1-month – 335 | 3-month – 854 | 6-month – 1419 | 12-month – 8433
Total staked: 11,623,843.60572520 BCO
Total staked (with bonus): 21,700,913.90126320 BCO
Added to stake during this period: 120,592.8275173 BCO
As of this payout, 43.05% 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.
Period: 2018-10-15 to 2018-10-23*
Total volume: 2,474.17135504 BTC | Average Daily volume: 274.90792834 BTC
Period: 2018-10-24 to 2018-10-31*
Total volume: 1,646.03047419 BTC | Average Daily volume: 205.75380927 BTC
0.0002085 BTC | $1.34 USD | 14.20000 BTS
5,654 BTC | $36,105,870 USD | CMC Rank: #143
The volume of BridgeCoin trading decreased slightly along with that of the exchange since the last report. Price action continues to hover around 20K sat and moves have been restricted to a 15% range. The first of the initial 1-year staking positions created after the launch of the exchange are about to reach maturity, and it appears that trading is steady but hesitant in anticipation.
Order Book Activity
While the migration of large quantities of BridgeCoin have arrived onto the exchange following the announcement of the deprecation of its blockchain, no notable sell walls have yet to appear. Sums of more than 1K BCO are few and far between on both sides of the orderbook at this time, however with hints about an announcement of increased staking incentives on the horizon, this is sure to change.
*A period greater than one week was used during this instance due to staking payouts being based on a date range rather than a specific set of days.