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Author Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg  (Read 541900 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
freigeist
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July 18, 2019, 10:46:15 AM
 #6921

Where can I exchange BTC for BAY right now? Which exchanges?

Cryptopia went bye-bye.
Exchange.me only lists ABY not BAY.
Bittrex delisted BAY
So that leaves:
LiteBit
UPbit
BITLADON

Are these three all still good with BAY?
Is there any other place to swap BTC for BAY?

Thx
LAtoken will support US customers, Chaoex I think does as well and we are talking to 5 others. For now you can buy from anyone in the community by asking on Slack or Telegram and then buy through the BitBay markets client or Bithalo or even directly.


I would like to buy here directly. I don't use Telegram.
I could sign into Slack if is really required otherwise I would accept offers in privat messages over this forum
with amount and price.

Escrow is a must!!!
If anyone here from you hodlers has some to sell, please let me know.

Thanks.


raisinbran
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July 19, 2019, 08:49:02 PM
 #6922

The site dynamicpeg.com has price information for standard BAY and also BAYR, or BAY (reserved).

BAYR is presumably just pegged BAY.

Why is the price for BAYR currently so far BELOW the price for standard BAY? It was supposed to be considerably higher.

raisinbran
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July 20, 2019, 12:07:32 AM
 #6923

I am just looking for clarification.

The peg has not been released yet. So is the activity presented on dynamicpeg.com just practice with "funny money"?

How is it possible to buy BAYR with real BTC if the peg is not released?

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July 20, 2019, 06:52:23 AM
 #6924

I am just looking for clarification.

The peg has not been released yet. So is the activity presented on dynamicpeg.com just practice with "funny money"?

How is it possible to buy BAYR with real BTC if the peg is not released?



BAYR will never be the same value as BAY. It's speed is slower so it only serves as a future. BAY protects the value of the liquid BAY
coins which in our tests was well over 30 dollars. Also dynamicpeg site uses fake Bitcoins, not real ones. However it simulates real world situations as I believe Craig set the bots up to be more bearish than bullish. People will still buy BAYR at a discount but not as much as you would think because the BAYR can serve as a future and generates higher interest when staking it. Plus it gives them more voting power and thus more control over the economy of BAY. Those are just tests obviously but its a good sign that the tech works.

But basically it's the liquid BAY we are protecting by shifting coins between the two assets.
raisinbran
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July 20, 2019, 07:36:11 AM
 #6925

Thank you for getting back so quickly.

I don't know anything about BAYR or liquid BAY or anything else.

Could you back up and give some sort of overview? I am totally lost. You seem to have a full grasp on everything. Is there a White Paper I should read?

Please EILI5.
raisinbran
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July 20, 2019, 07:46:56 AM
 #6926

Make that "Please ELI5."
dzimbeck
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July 20, 2019, 07:58:44 AM
 #6927

Thank you for getting back so quickly.

I don't know anything about BAYR or liquid BAY or anything else.

Could you back up and give some sort of overview? I am totally lost. You seem to have a full grasp on everything. Is there a White Paper I should read?

Please EILI5.

The information is all over our site. Also the whitepaper is in the downloads page(look up the dynamic peg). Please check bitbay.market. We have tons of articles, explanations, content, etc. After you read that just let me know if you have any other questions.
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July 20, 2019, 08:57:42 AM
 #6928

Make that "Please ELI5."

https://www.docdroid.net/st3eM7n/dynamic-peg-visual-technical-reference.pdf

This is probably the simplest and best visual representation of what it does. A persons balance is basically a bunch of tiny pieces and fragments that switch from BAY to BAYR or BAYR to BAY at precisely different moments and that is what they send to others and trade on the exchange. BAYR is different in that it moves slower (1 month delay to transfer to a new account). It gets higher interest 1% per year average instead of .5% for majority liquid BAY. Deliberately frozen liquid BAY yields an impressive 2% per year on average.
raisinbran
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July 20, 2019, 09:04:53 AM
 #6929

Thank you again.
BitBayDoc
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July 24, 2019, 04:39:49 AM
 #6930

David Z - I think you are right...
When this peg is implemented, who knows how high the price will go?
BAY will be a bona fide safe haven at that point.

Therefore, I'm betting it does NOT go down -  lol.   Wink

I'm a HODL'er, so I'm putting my whole G** D*** stack in Reserve and voting to Deflate / Freeze Supply!
I don't think it will shoot up to $1.00 or more overnight; but it might in a few weeks or months.

This is truly an amazing time to be alive - Cheers Everyone!
tradersnow
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July 28, 2019, 03:18:08 PM
 #6931

Thank you for getting back so quickly.

I don't know anything about BAYR or liquid BAY or anything else.

Could you back up and give some sort of overview? I am totally lost. You seem to have a full grasp on everything. Is there a White Paper I should read?

Please EILI5.


Also worth checking out:
https://medium.com/bitbay-blog/bitbay-dynamic-peg-faq-8cd257da63fd
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July 28, 2019, 03:22:26 PM
 #6932

BitBay Community Update – 26th July 2019

BitBay partners with three new exchanges to release the Dynamic Peg
You may have already heard the news on social media, but if not, then you’ve missed one of the most significant news updates in the crypto sphere this year! Yes, the Dynamic Peg is coming to exchanges near you very soon…

Bitbay has partnered with Bitker, Chaoex and LAToken, to give new traders and the existing community more to trade $BAY. These are some of the most popular exchanges in Europe and Asia and potentially introduce BitBay to hundreds of thousands of new followers.

Bitker
Established in Singapore in 2017, Bitker is the One-Stop Digital Asset Trading Platform. The platform supports cryptocurrency trade, including currency transactions, contract transactions, and leveraged transactions.

Chaoex
Established in June 2017, Chaoex is a global trading platform. Chaoex strategic partners include well-known investment institutions, artificial intelligence trading providers, digital asset liquidity providers and other professional institutions.

LAToken
LAToken is a top 20 cryptocurrency exchange specialized in providing liquidity for new digital assets. Besides crypto trading, eligible LAToken users can participate in selected token sales at pre-sale and crowdsale stages.

We are proud to have these exchanges as partners to bring the Dynamic Peg to the world and be able to show what this new protocol can do for traders and investors. We’ll have release dates for each exchange as soon as the integration process is completed but we can say that, so far, it is going very well. Stay tuned…

BitBay Website Update
We have now completed the move of the BitBay website from the Drupal CMS to a static GitHub hosted website. This is another step towards the goal of self-governance where community members can submit pull requests to update the website and the community can vote on whether or not to implement these updates. The governance process has still to be implemented via the BitBay forum, but our contributors are working on this and it will be ready soon.

BitBay Foundation
In other news, we have also launched the BitBay Foundation website preview at https://bitbay.foundation
While the legal framework is still being completed, we are confident this will be done in the next couple of weeks so we are asking our community to provide us with their feedback on the foundation website. Once the foundation setup is complete, it will be possible for anyone to donate to the foundation causes, contributing to the growth and development of BitBay.

Web Marketplace
Next week we will also be rolling out a new update for the web marketplace which will include small bug fixes, a lot of improvements for mobile and tablet devices, an improved buy and sell flow for users, and some new features which we will announce at the time of release.
And finally, a big thank you to all our community members old and new for your continued patience and loyalty while we have been working on securing new exchanges for the Dynamic Peg. We know everyone is looking forward to this as much as we are!

Until next time,
Shorn Keld – Lead Project Manager @ BitBay
jamespastagueule
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August 04, 2019, 05:03:20 PM
Last edit: August 04, 2019, 05:19:01 PM by jamespastagueule
 #6933




Bittrex delist BAY - I tell you before LiteBit.eu announces too: BAY will be delisted too and UpBit will follow the delisting. The three exchanges and broker always go together.

Now Bay is going to be killed by these accomplices Cry




Sources: "Based on Bittrex International’s latest review the following markets will be removed from Bittrex International on August 16, 2019"
https://bittrex.zendesk.com/hc/en-us/articles/360031239412-Pending-Market-Removals-August-16-2019
https://bittrex.zendesk.com/hc/en-us/articles/360031597251-Wallet-Removal-on-September-6-2019

dzimbeck
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August 05, 2019, 12:01:00 AM
 #6934



Bittrex delist BAY - I tell you before LiteBit.eu announces too: BAY will be delisted too and UpBit will follow the delisting. The three exchanges and broker always go together.

Now Bay is going to be killed by these accomplices Cry



Sources: "Based on Bittrex International’s latest review the following markets will be removed from Bittrex International on August 16, 2019"
https://bittrex.zendesk.com/hc/en-us/articles/360031239412-Pending-Market-Removals-August-16-2019
https://bittrex.zendesk.com/hc/en-us/articles/360031597251-Wallet-Removal-on-September-6-2019



And we are picking up 3 exchanges for the peg. The bold red font isn't going to scare any investors. Stop with the nonsense. We all knew we would lose Bittrex. So now we pick up Chaoex, Bitker and Latoken. And assuming the peg goes well pick up a few more.
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August 05, 2019, 05:17:06 AM
 #6935



Bittrex delist BAY - I tell you before LiteBit.eu announces too: BAY will be delisted too and UpBit will follow the delisting. The three exchanges and broker always go together.

Now Bay is going to be killed by these accomplices Cry



Sources: "Based on Bittrex International’s latest review the following markets will be removed from Bittrex International on August 16, 2019"
https://bittrex.zendesk.com/hc/en-us/articles/360031239412-Pending-Market-Removals-August-16-2019
https://bittrex.zendesk.com/hc/en-us/articles/360031597251-Wallet-Removal-on-September-6-2019



And we are picking up 3 exchanges for the peg. The bold red font isn't going to scare any investors. Stop with the nonsense. We all knew we would lose Bittrex. So now we pick up Chaoex, Bitker and Latoken. And assuming the peg goes well pick up a few more.

Bittrex is not a loss David ...

In fact, it is a blessing in disguise and I can see much more will come of this BECAUSE of the delisting, rather than not, purely based on the removal of all the red tape and requisites (read - headaches) that comes with Bittrex and their ilk. No one will miss this except the speculators and gamblers of coin.

#crysx

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August 05, 2019, 11:12:34 AM
Last edit: August 06, 2019, 01:14:34 PM by tradersnow
 #6936



Bittrex delist BAY - I tell you before LiteBit.eu announces too: BAY will be delisted too and UpBit will follow the delisting. The three exchanges and broker always go together.

Now Bay is going to be killed by these accomplices Cry



Sources: "Based on Bittrex International’s latest review the following markets will be removed from Bittrex International on August 16, 2019"
https://bittrex.zendesk.com/hc/en-us/articles/360031239412-Pending-Market-Removals-August-16-2019
https://bittrex.zendesk.com/hc/en-us/articles/360031597251-Wallet-Removal-on-September-6-2019



yeah, that large red font isn't helping anybody.

After 5 years of successfully overcoming hurdle after hurdle, I definitely wouldn't bet on BAY getting killed anytime soon. Bittrex is a mere speedbump.   Cool

See: The "Lindy Effect": https://en.wikipedia.org/wiki/Lindy_effect
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August 05, 2019, 12:02:26 PM
 #6937



Bittrex delist BAY - I tell you before LiteBit.eu announces too: BAY will be delisted too and UpBit will follow the delisting. The three exchanges and broker always go together.

Now Bay is going to be killed by these accomplices Cry



Sources: "Based on Bittrex International’s latest review the following markets will be removed from Bittrex International on August 16, 2019"
https://bittrex.zendesk.com/hc/en-us/articles/360031239412-Pending-Market-Removals-August-16-2019
https://bittrex.zendesk.com/hc/en-us/articles/360031597251-Wallet-Removal-on-September-6-2019



And we are picking up 3 exchanges for the peg. The bold red font isn't going to scare any investors. Stop with the nonsense. We all knew we would lose Bittrex. So now we pick up Chaoex, Bitker and Latoken. And assuming the peg goes well pick up a few more.

Bittrex is not a loss David ...

In fact, it is a blessing in disguise and I can see much more will come of this BECAUSE of the delisting, rather than not, purely based on the removal of all the red tape and requisites (read - headaches) that comes with Bittrex and their ilk. No one will miss this except the speculators and gamblers of coin.

#crysx

Thanks yeah I feel the same way.  They were not easy to work with or enthusiastic. I hope that we can pair up with companies that see our ideology instead.
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August 06, 2019, 03:34:51 PM
 #6938

Hello BitBay Community.

I'm DavinciJ15 I´m developing Pandora´s Wallet and I am planning on adding BitBay to our wallet and test out the send and receive.

Can you please contribute a small amount to get the testing running.
BitBay Address: BFVRqbhy2rCtUEKb5aTi5CayVHBK15XVDT

Thanks for the help.
dzimbeck
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August 06, 2019, 10:17:59 PM
 #6939

Hello BitBay Community.

I'm DavinciJ15 I´m developing Pandora´s Wallet and I am planning on adding BitBay to our wallet and test out the send and receive.

Can you please contribute a small amount to get the testing running.
BitBay Address: BFVRqbhy2rCtUEKb5aTi5CayVHBK15XVDT

Thanks for the help.

Be aware of the dynamic peg as you will have to keep track of liquid and reserve balances. Such as on www.dynamicpeg.com
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August 08, 2019, 06:18:25 PM
 #6940

Hello BitBay Community.

I'm DavinciJ15 I´m developing Pandora´s Wallet and I am planning on adding BitBay to our wallet and test out the send and receive.

Can you please contribute a small amount to get the testing running.
BitBay Address: BFVRqbhy2rCtUEKb5aTi5CayVHBK15XVDT

Thanks for the help.

Be aware of the dynamic peg as you will have to keep track of liquid and reserve balances. Such as on www.dynamicpeg.com


There is going to be a new wallet for the peg? Will I have to switch coins?

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