Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
@Pajulapoiss
The Bit Bay Coin and Polish Exchange are not the same.
It's all been very confusing over the years.
Hopefully David and the team can make some kind of obvious differentiation between the two after the peg...
And hopefully this question gets the attention that a slight name change may need to happen to prevent this confusion in the future.
Thanks
The Bit Bay Coin and Polish Exchange are not the same.
It's all been very confusing over the years.
Hopefully David and the team can make some kind of obvious differentiation between the two after the peg...
And hopefully this question gets the attention that a slight name change may need to happen to prevent this confusion in the future.
Thanks
Where Can i find more info about the peg you are talking about?
Thanks for the interest in BitBay (BAY). It is one of the most underrated projects in crypto... for now.
Here's some more info on the Dynamic Peg (will be going live here very soon):
https://bitbay.market/downloads/bitbay-dynamic-peg-intro.pdf
https://medium.com/bitbay-blog/bitbay-dynamic-peg-faq-8cd257da63fd
You can also watch the team test it here:
https://bitbaymarket.github.io/ratedb-testnet/
That most recent dip you see on this testnet chart was an intentional selloff by the team to mimic current real life market conditions. The strong recovery right after is a combo of the peg freezing the supply liquidity by 99%, and a pathetic amount of buy volume (.5 BTC) being applied. As you can see, it's a very powerful tool.