Post
Topic
Board Announcements (Altcoins)
Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
by
cr197
on 25/03/2020, 10:54:37 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.

We've had the dynamic peg on our roadmap since the launch of the coin back in Nov. 2014
We've had whitepaper released on the dynamic peg since 2018

You can still sell your reserve coins. You simply have to wait for 1 month time lock to expire before the exchange can allow you to trade.

The reserve market on the exchange will be selling at a sub premium price obviously. Yet due to the timelock protocol, the exchange can run into supply bottlenecks even for the reserve coin supply.
This is beneficial to the price for those that can already sell reserve coins on exchange.