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What is a BitShares SmartCoin?

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Smartcoins are cryptocurrencies whose prices are pegged to currencies like the dollar, yen, or bitcoin. For example, bitUSD is pegged to USD, bitJPY is pegged to JPY, and bitBTC is pegged to BTC.

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  1. How is the value of BitShares SmartCoin secured?
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  4. What happened to BitShares since then?
  5. What is the Difference between shorting BitUSD and buying BTS on BitShares?

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