Category: BitShares

If you keep your assets in banks or centralized exchanges, it’s like entrusting them to someone else. If the company, which is essentially a third party, goes bankrupt, your assets might disappear. Additionally, there’s a possibility that your assets could be seized due to the whims of others.

With BitShares, you can act as your own bank, meaning you are not entrusting your assets to anyone else. In other words, you have control over your own assets.

With Bitcoin, it is useful for making direct payments to a counterparty in Bitcoin. However, if you want to trade Bitcoin for other assets, you either have to find a counterparty yourself or send it to a centralized exchange and trade there.

Finding a trading partner on your own can be challenging, and if you send your Bitcoin to a centralized exchange and that exchange shuts down, there is a risk that your Bitcoin may not be returned.

However, BitShares is different.BitShares is both a wallet and a decentralized exchange, so the cryptocurrency assets placed in BitShares (you can also send Bitcoin to BitShares) can be traded directly on the decentralized exchange.

Since BitShares is a decentralized exchange using blockchain technology, it cannot be shut down by anyone and is safer than sending cryptocurrency to a centralized exchange. Therefore, by using BitShares, you can trade cryptocurrencies safely.

You can create a free account by accessing “BitShares” using your computer’s browser (Google Chrome is recommended).

Click the “Create Account” button, choose an account name, and then write down the generated password. It is recommended to use a password manager to securely manage your password.Once you have safely recorded your password, re-enter the generated password for confirmation, check the confirmation items, and click the create account button to complete the process.

In BitShares, there are two types of accounts: ‘Basic Member’ and ‘Lifetime Member.’ By paying a fee, you can become a Lifetime Member and receive an 80% cashback on future transaction fees. Additionally, you will be able to participate in the affiliate program offered by BitShares.

The transaction fees from your BitShares account will have an 80% cashback from now on. If you plan to use BitShares for a long time, becoming a lifetime member is very beneficial.

Additionally, by becoming a lifetime member of BitShares, you will be able to participate in the affiliate program offered by BitShares.

After creating an account on BitShares, click on ‘Membership’ in the menu at the top right, then click the ‘Purchase Lifetime Membership’ button. By paying a one-time fee in BTS, you can become a lifetime member.

By introducing users to BitShares through you, you become the referrer for those users, and a portion of the transaction fees they pay in the future will be returned to you.

You need to become a lifetime member of BitShares.

After that, simply post your unique affiliate link on your blog or social media accounts. When someone registers with BitShares through your affiliate link, you will receive a portion of the transaction fees they pay in the future. Affiliate rewards are paid in BTS.Basically, you can claim the full amount after a 90-day “vesting period” has passed. To claim, go to “Vesting Balances” from the menu in the top right corner of BitShares, and click the “Claim Now” button to immediately withdraw the amount listed as “claimable.

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.

BTS is a cryptocurrency that provides value within the BitShares blockchain. By depositing BTS into the blockchain, users can generate smartcoins. Smartcoins are a type of cryptocurrency that are pegged to real-world assets or currencies, such as the US dollar or gold, offering stability and reliability. This process allows users to leverage their BTS holdings to create stable digital assets on the BitShares platform.