Post
Topic
Board Announcements (Altcoins)
Re: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg
by
cr197
on 22/12/2020, 10:19:48 UTC
I wanted to let people become aware of just how powerful the peg protocol is.

The floor price set by the basic voting algorithm is designed to be a minimum of 100,000th of BTC's all time high.
This was why the floor price was set to $0.20 when we started the peg (BTC had peaked to nearly $20,000 in the last bull run)

And now that BTC is making new all time highs, the floor price of the peg will continue to push the floor price to 100,000th of the ATH.

So if Bitcoin hits 100,000 dollars a coin, then the new floor price for BitBay's liquid supply will be $1.00

This is going to be fun to watch unfold!!