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Antshares - Antshares, Digital Assets for Everyone!

What is Antshares

Antshares, Digital Assets for Everyone!

Antshares is a platform in which users can issue and trade assets. Antshares tokenizes proofs of ownership of an asset and not the asset itself, thus taking into account all of the legal complications and obligations that may come with the transfer of shares, equity and assets.

Antshares represent an ownership of the Antshares platform and allows users to buy Antcoins (ANC) and to vote on protocol changes on the Antshares blockchain. ANS are 100% premined and issued on the Antshares’ genesis block.

Antshares will embark on a rebranding exercise from July, Antshares will be rename as NEO. Read details here.

Antshare is one of the altcoin that i am really excited about. It is better developed and organized with real blockchain implementation and is fully created in China. ‘Big wig’ tech companies and financial institutions are ‘endorsing’ and working with the Antshare platform including Microsoft and Alibaba.

General Market Info of Antshares

Max Supply: 100,000,000 ANS
Circulating Supply : 50,000,000 ANS
Market Cap : $408,454,000 / 158,622 BTC

 

 

Antshares token (ANS) is traded in Chinese Renmimbi (CNY) and Bitcoin (Ƀ/BTC). ANS/CNY is by far the largest market for antshares with 80% share of the daily volume. Antshares/Bitcoin (ANS/BTC) is traded on Bittex while several exchanges in China like Jubi, Yunbi and Yuanbao carry the Antshares/Yuan (ANS/CNY). The ANS market was having a slow start, not until on the cryptocurrency hype last month which saw its average daily volume jumped from less than 100,000 ANS to its peak volume of 7 million ANS on Jun 19. The jump was coincided with major announcement by Antshares on the bloackchain platform and media coverages.

ANS/BTC Technical Outlook

Daily ANS/BTC chart
Daily ANS/BTC chart. data source:Bittrex

Notable ANS/BTC price levels to watch,

Year High – 0.00527 BTC January 28 2017
Year Low – 0.0001099 BTC March 17 2017
data source:Bittrex

Antshares was last traded at Ƀ0.00310 or $8.12 on Bittrex. The total volume traded on the last 24 hours was USD$30 millions based on aggregated data from coinmarketcap. The market strengthen over 9% as buyers keep tapping the potential of Antshares after drop to as low as 0.00303 BTC or USD7.30 yesterday. The price was seen swing in between 0.382 and 0.5 Fibonacci as market is re positioning for the next move. The stagnant MACD suggests more horizontal pattern in the coming days.

daily ANS/BTC volume
Daily ANS/BTC volume. data:cryptocompare.com

ANS/CNY Technical Outlook

Daily ANS/CNY chart
Daily ANS/CNY chart.data source:Jubi

Notable ANS?CNY price levels to watch,

Year High – CNY 94.9 Jun 20 2017
Year Low – CNY 1 April 24 2017
data source:Jubi

ANS/CNY unsurprisingly moving in tandem to the BTC market, with buying interest located around the 0.5 Fibonacci. ANS was last transacted on CNY55, up from 11% from yesterday. Yesterday’s volume reached 150million ANS compared to 40m day before indicating the market still positive and accumulation is still underway.

Trading Idea

– A long term buy. I am bullish on the longer term for the blockchain and China. The price has the potential to hit big if they can deliver the blockchain technology to China market.

Is Antshares The Real Deal? Ethereum of China?

Read on the following for more information about Antshares.

 

 

More About Antshares

Antshares promises “Digital Assets for everyone.” The organization’s platform and cryptosecurity is designed to be a useful asset digitization platform for the mainstream user. Existing in the space between Ethereum and Counterparty, “Antshares is about building a financial system bridging the real-world assets.”

The blockchain startup behind Antshares, Shanghai-based Onchain, runs the open-source project without owning it, much like the company behind OpenBazaar, OB1. While Onchain, founded in 2014, lists several blockchain-related services on their website, the overarching goal is to build a large open-source community, making Antshares truly decentralized.

“Antshares is a decentralized and distributed network protocol which is based on blockchain technology. People can use it to digitalize assets or shares, and accomplish some financial business through peer-to-peer network such as registration and issuing, make transactions, settlement and payment.”

– Antshares

While there is a passing resemblance between Antshares and asset digitization platform Counterparty, the two are worlds apart in practice, both figuratively and literally. Not only does each have aspects that the other hasn’t fully explored yet, but the two platforms are presented to completely separate crowds on different continents.

It’s no secret that Chinese bitcoin trade volume dwarfs the rest of the world, typically 75 percent or more of the bitcoins traded at exchange each day trading for Yuan. In spite of the trading dominance, when it comes to the extended economy of cryptocurrencies and other non-exchange businesses in the space, most companies do their business in English, even if they are based in Europe or Hong Kong.

This leaves a lot of projects closed off to non-English speaking Chinese, and the average Chinese bitcoin user that doesn’t speak English might have never heard of popular projects elsewhere.

However, Antshares is far less developed than its western counterparts. There is only one wallet, and no exchanges for the cryptosecurities. The central reason for such a difference in the supporting ecosystem is that Antshares is being designed very differently, and the system is still incomplete.

An upcoming ‘mainnet’ client will be the central hub of all asset issuance and transfers across the blockchain. Therefore the existing wallets can only send and receive antshares, much like any other cryptocurrency wallet.

One of the advantage that Antshares may have is the matter of compliance. “Antshares has built-in KYC and AML APIs,” the whitepaper points out.

“Third-party payment providers, banks and other financial institutions may utilize the Antshares protocol with compliance.”
– Antshares

Antshares could also be compared to Ethereum in the way it runs smart contracts, instead of simple tokens across its’ blockchain. Until the mainnet client is complete you can only read about this functionality in the whitepaper, which describes a rich and vast ecosystem for finance-minded smart contracts to be issued and traded by anyone.

As with Ethereum, the first token to run on the open-source Antshares blockchain is the platform’s “gas,” a fee-payment token named “antcoins.” There are a possible 100 million antcoins, generated with each block over the next 22 years. Meanwhile, there are the same amount of antshares, the token that is used for asset transfer, which were all generated up front in the first block.

The current Antshares Initial Coin Offering (ICO), which is also the project’s second, has about a week left until they sell out of the rest of their Antshares earmarked for early adopters. At press time they’ve raised 4,878 bitcoins for the 20 million shares, or about $2.8 million, according to their ICO page. Last September a similar ICO successfully raised 2,100 bitcoins at the time, and all funds raised in both ICOs “shall be allocated for the development and marketing of Antshares Project,” according to Antshares.

The antshare smart contracts are very simple contracts. According to their Github page they were designed for use as smart financial products, and “could be used for recording titles and assets like equities, creditor’s claims, securities, financial contracts, credit points, bills and currencies.” The page explains how they could be applied to areas like equity crowdfunding, equity trading, employee stock ownership plans, peer-to-peer financing, loyalty programs, private equity funds, and supply-chain financing.

David Li, head of overseas operations at Onchain, reiterated the point of simplified contracts during an interview. The contracts aren’t interactive enough that they can be used to hack the system, like we saw happen to Ethereum this summer already. “We do not face systematic risks like the DAO,” Li explained.

They do, however, bestow voting rights for the Antshares platform itself. Since Antshares uses delegated Byzantine Fault Tolerance (dBFT) instead of Proof of Work to secure its’ blockchain, users voting on the blockchain’s use is necessary in place of mining.

“We have a very different consensus mechanism than the bitcoin blockchain.”
– David Li head of overseas operations at Onchain

Delegated Byzantine Fault Tolerance attempts to improve on other blockchain security models where “consensus nodes are required to maintain a state table to record current consensus status,” according to the dBFT whitepaper by Antshare’s CTO, Erik Zhang.

It’s an improvement on the pre-blockchain “Practical Byzantine Fault Tolerance” scheme proposed by Castro and Liskov in 1999. “IBM and Chain.com use similar models,” Li told BraveNewCoin.

dBFT takes blocks and votes from all bookkeeping nodes and orders them in a way that they are convinced will constantly achieve consensus on the state of the blockchain. If they’re right, it’s a far more efficient way to achieve a similar security to bitcoin’s blockchain, without all of the mining.

The mainnet platform will also, according to the whitepaper, have some advanced personal identity features, allowing for instant authentication with existing banking infrastructure, much like digital certificate companies do today.

The system is also said to be compliant with rules set out by the Chinese Ministry of Industry and Information Technology (MIIT), as are 38 digital certificate companies in China that provide digital certificates of personal identity. Local rules for digital certifications will need to be followed in each country, but Onchain developers are confident that many other countries will follow suite due to the platforms design.

To get the asset digitization plans off the ground quickly, some real-world use is being planned from the start, and two partnerships have already been forged. Chinese startups Bitrees and WeLand are the first to start issuing contracts on the Antshares blockchain.

Bitrees is described on the Antshares blog as “the first big data analysis service of blockchains/crypto-currencies in China.” WeLand does return crowdfunding of physical products, which involves shipping large amounts of physical products. Both companies will be working closely with Onchain to get the asset digitization process perfected.

The Antshares client wallet software, which looks a lot like a bitcoin core wallet in Chinese, is still in Beta. According to Li, an English version is currently in the works. The wallet currently requires the latest versions of Microsoft .NET and C++ upgraded on your windows system in order to run, at least while it’s in Beta, and it requires users to download the full Antshares blockchain. A mobile client for Antshares is also planned. “It’ll be released at around the same period of time of the mainnet launch,” Li explained.

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source : https://bravenewcoin.com/news/antshares-sets-out-to-be-the-peoples-digital-asset-blockchain/

ICO Rules Highlight

– 20 million ANS will be issued; in addition, a 4 million ANS weighted reward (early bird reward), amounting 20% and 4% of the total ANS respectively, or 40% and 8% of the volume in circulation of the first year.
– This ICO does not have a pre-set price. The price shall be determined by the market. The ANS distribution will be proportional to the investment. To calculate: ANS received by a participant= (BTC invested by the participant/all valid BTC investment)*20,000,000*weighted factor.
– A 120% factor is rewarded to those who participate between Aug. 8th and Aug. 13th. Beginning on Aug. 14th, the weighted factor will decrease by 1% each day until the termination of the ICO. For example, the factor will be 119% on Aug. 14th, 118% on Aug. 15th, 117% on Aug. 16th, and finally 100% on Sept. 2nd
– When the ICO terminates on Sept. 7th, 2016(Beijing Time), ICO participants could have the option of continuing or quitting based on the general conditions of the funds raised.
– When a refund takes place, 100% of the bitcoins invested by the participant shall be refunded to the bitcoin address designated by the participant in his/her refund application. The refund option will become unavailable upon the formal release of Antshares software, which is under development
– The refund policy does not support a partial refund and is not revocable once applied.

 

 

 

references,
https://www.worldcoinindex.com/coin/antshares
https://www.cryptocompare.com/coins/ans/overview
https://coinmarketcap.com/currencies/antshares/
https://coincap.io/ANS
https://bittrex.com/Market/Index?MarketName=BTC-ANS
https://yunbi.com/markets/anscny
https://bitcointalk.org/index.php?topic=1571738.0
https://www.antshares.org/en-US
https://www.coinhills.com/market/ans/



Please do your own due diligence before making any investment decision. This article should not serve as investment advice. This post is mainly as reference and tutorial for trading on possible cryptocurrency breakout.

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