Post
Topic
Board Announcements (Altcoins)
Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
by
BitBayDoc
on 25/03/2020, 10:39:49 UTC
guys, I went through all things here but still do not understand - I have some amount of frozen coins, and only about 1% of liquid coins. When my coins are unfrozen? I do not think it is fair that my coins are frozen against my will. Taking into account that they are on a wallet since 2017 or 2016.
@donarito - Where have you been the last 3 or 4 years? lol
BAYS Homepage 2nd Paragraph - "BitBay’s Dynamic Peg is purely decentralized, allowing every participant to vote on which direction the price may go."
We have voted to decrease the amount of "supply" to protect our price.
Also
BAYS Homepage 3rd Paragraph - "Every user has two balances of $BAY, liquid and reserve. During a price crash, stakers can collectively vote to “freeze” a portion of the entire liquid supply. This decreases the supply of everyone’s remaining liquid coins."
Therefore, donarito, your coins will be unfrozen (like the rest of us), when we vote to increase the supply.
Your coins are not frozen against your will; as much as they ARE frozen as a result of everyone else's will.
This is the beauty of our Dynamic Peg.  PRICE PROTECTION against pumps and crashes. Cheers!