Might as well get a cup of coffee as this article is somewhat more complex than our thin reviews, and has a lot of important information worth noting, especially since the price of Bitshares is historically much lower than average.
As you know, we did a review on Openledger a few months ago, and how it is much more than just a coin-trading exchange, and that it offers plenty of unique opportunities for its members. First, you can join the exchange for free, but there is also a membership that can be gained which allows users special benefits.
1. Openledger was created to work directly with Bitshares, which have been around for a long time, and are now making moves to be one of the fastest transaction coins, and appears to be directly making moves to compete against Bitcoin:
Bitshares are one of the main currencies used on Openledger, and is used to pay for a membership. A lifetime membership is recommended for those who plan on creating their own coins, markets, or asset classes since it offers a significant fee reduction on services.
Creating an account is easy
One of the biggest things you will want to do is to write down your username, password, and save your backup key (bin file) and keep those so that you can open your wallet from anywhere. Creating an account at this time may be beneficial since BTS is at one of its lowest price points that it has been at in a long time.
Once You Have Your Account
Once you have created an account, you are set to start making some profits and taking advantage of the Openledger profit system. First, you should share your referral link with your friends and partner investors https://bitshares.openledger.info/?r=robert-chernish — which will basically be like the link above, except swap your username with mine, and then get them to invest and register.
Next, the Obits.io coin was created as a token to gain appreciation from all the commissions from trading on the Openledger, so it may be very wise to buy some of these coins as a long-term investment, since they are essentially like a holding account for the exchange, and are set to increase in value over the long-term as some of the supply is reduced through burning phases.
Do Some Research
Once you have your accounts setup, and padded them with some Obits, then it is time to begin trading, or doing research on creating your own asset class.
You can get all the STATS on the Bitshares project from Cryptofresh.com — so if you think you had all the Cryptocurrency and Bitcoins world figured out, think again, as this platform adds plenty of dynamism, and seems to be evolving in new ways that is setting it apart from other exchanges.
Here is an overview of the fees on platform
The details of obits account from where OBITS is sent and general update on what is left:
Statistics on OBITS asset:
Statistics an charts
For instance 3580 unique accounts created one week ago, 3781 today dec. 20th 2015.
This one below to show how many Life Time member accounts have been created so far
Here are some screenshots from the Openledger Platform
IMPORTANT: There is no confirmation screen when logging in or out — simply a little lock that is either open or closed. When the lock is closed, you can close your browser knowing that the account is locked. This was especially confusing for us since we were used to always getting a “logged out” confirmation, so don’t let this confuse you. When you register your account — try entering your name, and password and write them down immediately. Then close your browser and open it again and your details should pop right back up?