We are pleased to bring you the latest BridgeCoin (BCO) report, 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: 2018-11-16 00:00:00 to 2018-11-30 23:59:59 (GMT)
BTC paid: 6.726044073
BCO paid: 411.53381475
ETH paid: 0.86639850
Equivalent total: 6.726044073 BTC
Total Staking Positions: 10,832 | Net positions created: -268
1-month – 291 | 3-month – 774 | 6-month – 1288 | 12-month – 8479
Total staked: 11,411,898.21677270 BCO
Total staked (with bonus): 21,339,157.02524420 BCO
Removed from stake during this period: 259,698.9557245
As of this payout, 42.26% of the total BCO supply are staked. As indicated previously, we’re giving 75% of the revenue generated by taker fees to stakers, and market makers get the remaining 25%. When the promotion ends, stakers will receive 50% as originally advertised.
Period: 2018-11-16 to 2018-11-30
Total volume: 3192.59 BTC | Average Daily volume: 212.8393333 BTC
BCO Price: 0.00009314 BTC | $0.36 USD | 7.80935 BTS
0.00009314 BTC | $9,839,633 USD | CMC Rank: #244
Bitcoin’s continued failure to hold historical support levels has seen the precipitous decline of altcoin valuations, however this phenomenon appears not to have affected BridgeCoin so much as the anticipation of the oldest staking positions reaching maturity. Although the end of the staking period reported here ended prior to December 1 (the first anniversary of BCO staking), many exited existing positions anticipating a further decline in price. Indeed as the first of these large stakes was liquidated price wicked down into the 6k sat range. Familiar and newer investors’ eyes continue keeping close watch on this market as additional large staking positions will continue to become mature.
Order Book Activity
Many fervent discussions around the changing landscape of the orderbook continue in the CryptoBridge’s designated BridgeCoin Discord channel. Speculation on its current and future valuation vary widely and with so many aspects of the entire cryptoasset market in flux currently, opinions span a wide berth. Despite the lack of consensus, the buyers appear ready as many large bids greater than 1 BTC have been placed and have utterly transformed the market depth’s appearance dramatically. Interesting times are indeed ahead.