I still don't get how the ywant to peg this coin to renminbi. At this price it would be loss for anybody holding bitbay coins
The coin will be pegged. There is a goal for the growth. The goal is a dollar. We will probably start at whatever price it is before the fork and forcefully grow it a certain %. Or the other option is to immediately peg to the target price. We will make the decision later with enough community feedback.
I have a question about this. What would be the advantages/disadvantages betweem these two options? Wouldnt everyone want it to go straight to a dollar straight away?