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@Tradersnow - Thank You for the FAQ's of The Day! They are very, very educational. Thanks!!! Sure thing Doc! Tomorrow's the big day!  |
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  t-minus 10 days until LAToken listing!!!
From the BitBay Slack channel:
"It’s been a long wait but... we are very pleased to be able to announce the launch date for BitBay on the LATOKEN exchange.
On Monday 24th February LATOKEN will go live with BTC and USDT trading pairs for both BAY (liquid) and BAYR (reserve).
To signup for an account on LATOKEN please visit latoken.com and join their telegram channel for official announcements: t.me/latoken"
https://pbs.twimg.com/media/EQu8jilWAAA4-x0?format=png&name=medium
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Update from LAToken on the Peg (copied from Slack Channel): From latoken: “Hello, we plan to finish main part tomorrow till the evening, so you can do deposit, make trades, automatically cancel your orders if peg will change and your new balance will be smaller than order amount. Maybe will work withdrawals, but not sure, anyway we can do it fast. So on Monday (or may be tomorrow) i think we can test it and we will do workaround some corner cases.” Thanks for posting that, Tradersnow, it is very much appreciated.  If you become aware of any further progress re the peg at Latoken, please do post it here. I only really use this forum for info, not being on Slack, Telegram etc. Thanks again. Sure thing, will do! Also, here is the BAY testnet chart: https://bitbaymarket.github.io/ratedb-testnet/Should be interesting to watch this over the next few weeks as they perform test trades etc. What does the ratedb testnet mean? Is this LAtoken test net? And what happened to dynamicpeg website? Thanks Yep that's correct, the ratedb chart is showing the dynamic peg testnet price, which is now running through LAToken's trading engine. Any trading tests that LAToken does should show up as price movements here. The Dynamic Peg website domain has changed to https://ych.lynxline.com/. This is where a new exchange is being built/tested for BAY's dynamic peg in addition to it being hosted on LAToken. |
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So the TestNet Floor was increased from 58 to 87, following which the TestNet Rate plummeted from 177 to 17! What's all that about?  Good question... hard to tell what specific tests they are doing. The floor price follows behind with a 3-day lag and is based off of an algo. Also, just got word that BitBay team members are now participating in LAToken's test environment! This is yet another big step towards the Dynamic Peg's initial release! Just have to get this thing thoroughly tested, then it's game time. Apologies; I have been looking at this the wrong way round!  I imagined the rate followed the floor, but it's actually the other way around, right? And, with a 3-day lag before a response in floor price, this is starting to make some sense now.  Great news that the BAY team are testing at Latoken; that's really made my day! I am really grateful for your input on this thread re the subject of the peg. It is genuinely very much appreciated. Please keep up the good work. Do you have any idea what the planned time-scale is for the test phase, or if there is a target date to go live? No worries at all.  Yep, the floor follows both price of BTC and BAY. The initial floor, upon peg release, will start at 1/100,000 of BTC's all-time-high which ends up being $.20 USD. If/when the price of BAY or BTC reaches 3x the initial floor price and stays there for 3 consecutive days, then the floor automatically increases by a factor of 1.5x. Keep in mind that this floor only effect things if the "Algorithm" voting option wins consensus. Also, good to remember that there are 7 voting sessions per day. Here is a little animated .gif that illustrates the Algo/Floor movement:https://imgur.com/a/mBMZv5nDon't have a specific date for the peg release yet, but we are getting very close now. Will post the countdown here as soon as one is established. |
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So the TestNet Floor was increased from 58 to 87, following which the TestNet Rate plummeted from 177 to 17! What's all that about? Good question... hard to tell what specific tests they are doing. The floor price follows behind with a 3-day lag and is based off of an algo. Also, just got word that BitBay team members are now participating in LAToken's test environment! This is yet another big step towards the Dynamic Peg's initial release! Just have to get this thing thoroughly tested, then it's game time. |
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@tradersnow
Thanks for posting the testnet chart. I'll certainly be keeping a close eye on it.
It looks as though there is test trades data on there for the last two weeks. Is that right?
That is correct, the chart is fixed at a 2-week time scale. Looks like they pumped the testnet price to $177 per BAY last night! |
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Update from LAToken on the Peg (copied from Slack Channel): From latoken: “Hello, we plan to finish main part tomorrow till the evening, so you can do deposit, make trades, automatically cancel your orders if peg will change and your new balance will be smaller than order amount. Maybe will work withdrawals, but not sure, anyway we can do it fast. So on Monday (or may be tomorrow) i think we can test it and we will do workaround some corner cases.” Thanks for posting that, Tradersnow, it is very much appreciated. If you become aware of any further progress re the peg at Latoken, please do post it here. I only really use this forum for info, not being on Slack, Telegram etc. Thanks again. Sure thing, will do! Also, here is the BAY testnet chart: https://bitbaymarket.github.io/ratedb-testnet/Should be interesting to watch this over the next few weeks as they perform test trades etc. |
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Update from LAToken on the Peg (copied from Slack Channel): From latoken: “Hello, we plan to finish main part tomorrow till the evening, so you can do deposit, make trades, automatically cancel your orders if peg will change and your new balance will be smaller than order amount. Maybe will work withdrawals, but not sure, anyway we can do it fast. So on Monday (or may be tomorrow) i think we can test it and we will do workaround some corner cases.” |
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Is this coin dead? If by dead you mean one of the most active, continually developed and established projects in the entire cryptosphere... then yes. |
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