Hi Byron,

This could very easily be me being confused here, I would expect that if the BANX price was pegged to the USD then the BANX/BTC price graph in coinmarketcap would follow a similar pattern to an inverse of the BTC/USD, I would have expected a price drop of BANX in July, and another drop over the last week for example. I can vaguely see some long-term trend of an inverse of BTC/USD, however generally BANX/BTC is following an upward trend with just two slight dips in the last year maybe its just infrequency of updates or something about the market cap price that I don't understand.

It would be nice if you could briefly explain how it works, if you have the time.

And, sorry for not posting images of the graphs I'm looking at - I didn't work out how to do that yet =)