Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
Hello,
can I ask how that PEG works? Latoken/exchanges have different wallet like others people?
At Latoken had 1016 BAY Reserved fund I got after some time transfered 10 BAY to liquidity fund.
Here is screen from Latoken:
Now lets look to my personal wallet.
Reserved BAY 1059 and avaiable for liquidity just 0.53 BAY?
Anyone else is able trade at Latoken exchange? Im getting only empty page when I search for BAY.
can I ask how that PEG works? Latoken/exchanges have different wallet like others people?
At Latoken had 1016 BAY Reserved fund I got after some time transfered 10 BAY to liquidity fund.
Here is screen from Latoken:
Now lets look to my personal wallet.
Reserved BAY 1059 and avaiable for liquidity just 0.53 BAY?
Anyone else is able trade at Latoken exchange? Im getting only empty page when I search for BAY.
The pegging works by balancing the wallet amounts based on present liquidity and votes, so depending on what the people want and the liquidity of Bitbay forces the coins in reserve to keep price stable. The reason you cannot see the trading on Latoken is because Bitbay is presently under maintenance, don't worry trading will resume soon.