Quote from: tbct_mt2 on July 17, 2022, 05:45:20 AM

Quote from: BitBayDoc on June 21, 2022, 07:17:25 AM

Dear World - BAY is making a comeback; But don't call it a Come Back - it's been here for year

An impulse from silence so it is good but what's next?

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There is still a lot to do; however, testing the bridge begins on the Goerli Testnet Network.

Basically you load Metamask, inport the BAYR, BAYF and BAYL token addresses and then you can send you ETH address on Goerli to receive coins.
It's that easy.

What are difference among BAYR, BAYF and BAYL?

Could you explain the differences among them, please.

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Winners never quit, and quitters never win. We'll be back just in time for the collapse. Go to Telegram to learn more (https://t.me/bitbayofficial).

DZ, et al. are doing their part. Others need to step up and and "knock-out" the Marketplace so we're ready. Be Creative. Be Free.

I never on the BitPay boat but today I saw your thread and I thought it is a thread for BitPay service, not a coin. After a few minutes to read, it is not from BitPay but I am still interesting to find out more about your project and its future.

Well BitBay is the only coin in the world with a dynamic peg. We are one of the oldest altcoins as well dating back to 2014 and were the first with decentralized markets and smart contracts(using double deposit escrow)

This little explainer document can explain how the peg works.
https://bitbay.market/bitbay-dynamic-peg-visual-reference.pdf

As you can see, it controls it's own supply. The reason we were not high on the charts(we used to be top 40 coin) is because after the peg forked central exchanges
didn't wanna adjust their orderbooks just to accommodate our supply changes. This isn't like somewhat nonsensical projects like Ampleforth(where 1/10=10/100... no equity change means nothing changed economically), this peg which was planned since the beginning has a shift in equity when supply changes only users who actually had funds in reserve get their money made liquid and visa versa.

So we had to make this peg system be able to be bridged to ethereum style networks but it was a lot of data(a "normal" transaction in ETH for this token would cost $100 because user balance is like a matrix of values). But thats okay because there is L2 networks and also cheaper alternatives(like Polygon and Binance) so I coded a watered down dynamic peg system and it's testing currently on Goerli.

If you wanna test it, swing by our main Telegram channel and ask for testnet coins. It's free to do and it's a very friendly community. It's not just a bunch of guys shilling their bags, it's like a community of people that seriously care about tech in crypto industry... that's why they have been there so many years.