Bitsharescrude is a private organization that specializes on spot/hedge trading of Bitshares on the bitshares DEX. It is also invested in peer to peer trading on the bitshares platform for local traders in Nigeria via its web-portal bitsharescrude.i.ng.
Bitsharescrude has been into cryptocurrencies for over 3years now, and started trading bitshares in the early quater of 2019. On June 2nd, 2020, Bitsharescrude created its first asset CRUDE.NGN and so far three more assets have been added; CRUDE.BTS for margin trading, CRUDE.LVRG as an ETF instrument and CRUDE.BTS2X for liquidity pool staking on the DEX.
As a Lifetime Member of bitshares, Bitsharescrude receives referral bonus and cash backs on fees from its transactions on the DEX. With its pseudo Naira asset it is easy for users to make bank to crypto transactions in Nigeria. It is also registered with a verified account on two of the most popular exchanges in Nigeria, Binance and Quidax as well as supported by XBTS exchange on the DEX.
Bitsharescrude offers reward incentives for trading its assets via its top ten trading reward program and has payed out over 350BTS since inception. It is also hosting its maiden fantasy Premier League Competition for local bitshares users.
Bitsharescrude plans to expand its user base in Nigeria and establish bitshares as a model brand P2P cryptocurrency like bitcoin, it recognises this task is difficult due to the stiff competition bitshares faces from cryptos like Waves and Ethereum that has already gained ground and received a lot of interest. This why it is setting up a fund pool that would enable it leverage its resources and improve the chances of bitshares acceptance in Nigeria.
Most of the fund pool will be split into bitshares, bitCNY, USDT in proportions.
Users who wish to partake in the fund must hold CRUDE.BTS or CRUDE.BTS2X in their bitshares wallet. CRUDE.BTS can be gotten from the bitshares DEX or via the bitsharescrude portal, while CRUDE.BTS2X can only be gotten from the AMM liquidity Pool Staking. Both assets have settlement properties and growth potential that fit the fund program and are expected to grow in value alongside Bitshares in the future.