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Author Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg  (Read 542031 times)
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paramind22
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April 02, 2021, 09:40:17 PM
 #7681

For the DEX aspect of this project, do you have to recode your coins with additional code or can they be used on the Bitbay dex as is?

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April 06, 2021, 10:20:40 AM
 #7682

For the DEX aspect of this project, do you have to recode your coins with additional code or can they be used on the Bitbay dex as is?

Well first we make a bridge that can connect us to Ethereum, Binance Smart Chain, Avalanche and others.
That would give us access to PancakeSwap at first among other DEXes

As for NightTrader exchange I should point out that project is not affiliated with BitBay, it's just a side project done by anonymous people. It will also be a DEX and the advantage of that project is that because it's multisignature DEX it will have a full orderbook which is an advantage over other implementations.

So currently those are the things going on. PancakeSwap was chosen because at first I thought a bridge was impossible because ETH costs were simply too high and my original design had "liquidity mixing" to save costs which actually made it incompatible with BAY (although arguably very nice for a new coin). However, I realized because Binance Chain was lower cost, it was possible to do peg shards with "microshards" and make them explicit(save each relevant value). Because even if fees are 20x more than a normal Solidity "ERC" token they are still affordable for decentralized exchange on Binance. ETH would only work if they add ZK-sync.

So yes that is the current news and it's good news. BAY may actually dig it's way out of the current bottleneck. The "bridge" would be a hard fork. The only drawback is initially the bridge would be a giant multisig or threshold key based on rich list (yet to be decided) until a more decentralized solution is found (maybe in the realm of zk-sync pushing some chain data if the project booms and can afford it). People don't seem to mind about bridges as they already use Bitcoin bridges. And besides, it's safer than going on a central exchange.

Another advantage of the bridge is ability to take advantage of smart contracts on other networks... treat their network like a sidechain in a sense. This lets devs do whatever they want without bloating our main chain.

Also as for BitBay, it already has the ability to be traded over the counter using double deposit escrow in the software itself (the markets client)... although because BAYR can't be used as deposits nobody is really using it. That is a DEX in of itself however limited by the collateral.
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April 09, 2021, 06:47:55 PM
Last edit: April 11, 2021, 09:28:54 PM by BitBayDoc
 #7683

Less than 1% of the world population knows .market is a real domain (url) suffix. Huh
I suggest the switch to a grown-up real name for bitbay.market at the time of any future hard fork.
...Now back to my sabbatical.
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April 14, 2021, 04:34:48 PM
 #7684

Understood. So if I don't use the advance sending, how will my reserve become liquid? is it a matter of time or is there anything I can do? All my balance has been in the wallet since 2017


Would anyone be able to give me more information about how a reserve becomes liquid? the same balance have been sitting in the same wallet since 2017 and only 0.003 % of my balance is liquid. Is moving it to ax exchange the only way to trigger the 1 month period for unfreezing the funds? would moving the reserve to a different private wallet trigger that 1 month period too?
Thank you in advance.

https://www.docdroid.net/d5wcK4D/dynamic-peg-visual-technical-reference-20190528.pdf

Take a look at that visual explainer. Reserve and liquid is determined by the supply and the users vote on the supply when they stake. When supply goes up the reserve turns into liquid. In QT you can see a chart of each input that tells you precisely when it changes. When you send reserve it is delayed by a month and that delay has no effect on it's chart. The one month is actually just a difference in speed from reserve to liquid to distinguish them and so sending them has no effect. You have to wait for supply to change by community consensus which usually happens because all the liquid gets bought up and demand increases.

Hi David, thanks for the link, the presentation is a nice complement to the Dynamic Peg whitepaper.

Now, I am usually able to ingest, process and understand technical documentation fairly quickly and have wrapped my head around the various consensus mechanisms, (self)governance models or scaling solutions of numerous projects in the crypto space, yet I still find myself lost, when it comes to how Liquid/Reserve BAY allocation goes, as part of the Dynamic Peg feature. I do apologize for that, I must be missing a piece, that - when filled in - will make everything just click for me.

From what I could gather, there tokens have various states, that have different voting weight in the network, and holders vote for a deflationatry or inflationary trend, ie. influence the circulating liquidity and price. I also understood that as an individual, I have no direct (better to say "instant") say as far as how many of my tokens are Liquid or Reserve. After checking back after three years I found, that only 0.8 BAY of my 20k holdings is liquid, so I did two test transfers, one to myself one to LAtoken, waited a month and found that the tokens were still (and now I know expectedly) Reserve. I need to understand, how I can participate in the voting (eg. through the wallet?), how often this takes place, basically how to gain control over my investment? I admit I plan to cash out marginally but still have a strong affinity to the project and would love to see it succeed! The decentralized marketplaces are the future and we need BitBay! I just need to understand this aspect of the tech better, could you give me a hand and do a ELI5 for this scenario?

Thank you for your kind understanding and time to answer my question.

D.
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April 17, 2021, 01:11:56 PM
 #7685

Understood. So if I don't use the advance sending, how will my reserve become liquid? is it a matter of time or is there anything I can do? All my balance has been in the wallet since 2017


Would anyone be able to give me more information about how a reserve becomes liquid? the same balance have been sitting in the same wallet since 2017 and only 0.003 % of my balance is liquid. Is moving it to ax exchange the only way to trigger the 1 month period for unfreezing the funds? would moving the reserve to a different private wallet trigger that 1 month period too?
Thank you in advance.

https://www.docdroid.net/d5wcK4D/dynamic-peg-visual-technical-reference-20190528.pdf

Take a look at that visual explainer. Reserve and liquid is determined by the supply and the users vote on the supply when they stake. When supply goes up the reserve turns into liquid. In QT you can see a chart of each input that tells you precisely when it changes. When you send reserve it is delayed by a month and that delay has no effect on it's chart. The one month is actually just a difference in speed from reserve to liquid to distinguish them and so sending them has no effect. You have to wait for supply to change by community consensus which usually happens because all the liquid gets bought up and demand increases.

Hi David, thanks for the link, the presentation is a nice complement to the Dynamic Peg whitepaper.

Now, I am usually able to ingest, process and understand technical documentation fairly quickly and have wrapped my head around the various consensus mechanisms, (self)governance models or scaling solutions of numerous projects in the crypto space, yet I still find myself lost, when it comes to how Liquid/Reserve BAY allocation goes, as part of the Dynamic Peg feature. I do apologize for that, I must be missing a piece, that - when filled in - will make everything just click for me.

From what I could gather, there tokens have various states, that have different voting weight in the network, and holders vote for a deflationatry or inflationary trend, ie. influence the circulating liquidity and price. I also understood that as an individual, I have no direct (better to say "instant") say as far as how many of my tokens are Liquid or Reserve. After checking back after three years I found, that only 0.8 BAY of my 20k holdings is liquid, so I did two test transfers, one to myself one to LAtoken, waited a month and found that the tokens were still (and now I know expectedly) Reserve. I need to understand, how I can participate in the voting (eg. through the wallet?), how often this takes place, basically how to gain control over my investment? I admit I plan to cash out marginally but still have a strong affinity to the project and would love to see it succeed! The decentralized marketplaces are the future and we need BitBay! I just need to understand this aspect of the tech better, could you give me a hand and do a ELI5 for this scenario?

Thank you for your kind understanding and time to answer my question.

D.

Well voting is simply done through staking making it provably fair. The more coins you have, the more you win stake with chances to cast votes. Votes are tallied after 3 hours or so... within that time a user could surely vote multiple times because they can win multiple stakes(although it's somewhat random). After those 3 or so hours the peg can go +1% or -1% up to 3 times depending the winning votes(if it was a landslide or not). So up to +3% or -3% total supply of entire economy.  The weight of fully liquid votes are increased dramatically when the supply is low and that is because the odds of liquid coins winning a stake are very low (because if you are 90% + deflated more coins are reserve). So the liquid coins can be up to 100 times the strength. This prevents reserve holders from bullying the system.

With that said however, it still works out to the people who have the most coins are usually going to dictate the supply (and they should because they have a much larger investment and more to lose)

And also consider the users usually choose "algorithm" and the algorithm can be changed by the community at any time. Currently the community has agreed to stay the course with the original plan which was to have liquid track 1/100000th the price of Bitcoins peak. At first this was 20 cents, then as BTC increased it pushed peg price up to 60 cents causing liquid holders to gain. We wanted to be inversely correlated to BTC so that we would "never lose"... when BTC goes down BAY peg STAYS the same price. This was in my opinion an awesome choice. However for it to really pop we need believers who put up the collateral trusting the peg will inflate upon a rise in demand.

Either way this strategy works because our supply matches our demand which is obviously low without any good exchanges. Once people start putting up real support supply will naturally skyrocket because of limited liquid coins in existence right now, so it makes sense users push price up above 60 cents (for example to 70 cents) and then that causes supply to inflate in order to correct the price back to 60 cents (the dynamic peg).

Also we did have something in the algorithm that would allow the floor price to increase if it rises up in price for a long sustained period of time. I have no idea what that time was but this maybe was made very strict that the new price floor was genuine, maybe for example a minimum supply increase was required or a certain number of days that would obviously cause major supply increase. The reason to make it hard to push up is because price increases should be genuine and not in response to a senseless pump on low volume... so to punish manipulators of the market. I would have to confirm with Craig or Yshurik if they remember what was decided on.

Anyways, for now it's pretty hard to fight against the algorithm because most users choose it. Although if the community wants to inflate or change the floor they can always start open forum and agree to do that at any time.

As painful as it may seem to have 99.99% of your coins in reserve consider that it is NOT painful for newbie investors who just came in and bought their first few hundred dollars in BAY. They get the knowledge that it will stay very close to BTC price and hold it's peak. Unfortunately, with no exchanges this strategy won't work... so we need to bridge to other networks.
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April 18, 2021, 07:33:34 AM
 #7686

For the DEX aspect of this project, do you have to recode your coins with additional code or can they be used on the Bitbay dex as is?

Well first we make a bridge that can connect us to Ethereum, Binance Smart Chain, Avalanche and others.
That would give us access to PancakeSwap at first among other DEXes

As for NightTrader exchange I should point out that project is not affiliated with BitBay, it's just a side project done by anonymous people. It will also be a DEX and the advantage of that project is that because it's multisignature DEX it will have a full orderbook which is an advantage over other implementations.

So currently those are the things going on. PancakeSwap was chosen because at first I thought a bridge was impossible because ETH costs were simply too high and my original design had "liquidity mixing" to save costs which actually made it incompatible with BAY (although arguably very nice for a new coin). However, I realized because Binance Chain was lower cost, it was possible to do peg shards with "microshards" and make them explicit(save each relevant value). Because even if fees are 20x more than a normal Solidity "ERC" token they are still affordable for decentralized exchange on Binance. ETH would only work if they add ZK-sync.

So yes that is the current news and it's good news. BAY may actually dig it's way out of the current bottleneck. The "bridge" would be a hard fork. The only drawback is initially the bridge would be a giant multisig or threshold key based on rich list (yet to be decided) until a more decentralized solution is found (maybe in the realm of zk-sync pushing some chain data if the project booms and can afford it). People don't seem to mind about bridges as they already use Bitcoin bridges. And besides, it's safer than going on a central exchange.

Another advantage of the bridge is ability to take advantage of smart contracts on other networks... treat their network like a sidechain in a sense. This lets devs do whatever they want without bloating our main chain.

Also as for BitBay, it already has the ability to be traded over the counter using double deposit escrow in the software itself (the markets client)... although because BAYR can't be used as deposits nobody is really using it. That is a DEX in of itself however limited by the collateral.


As for the full order book, how is it different compared to Ether/Forkdelta? Those are full order books too, right? Could the Night Trader dex be faster and cheaper than Forkdelta for example?

While everything you explain here sounds awesome, it also sounds ambitious. What do you think when will most of these technologies be coded, implemented and ready to use?

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dzimbeck
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April 18, 2021, 01:28:53 PM
 #7687

For the DEX aspect of this project, do you have to recode your coins with additional code or can they be used on the Bitbay dex as is?

Well first we make a bridge that can connect us to Ethereum, Binance Smart Chain, Avalanche and others.
That would give us access to PancakeSwap at first among other DEXes

As for NightTrader exchange I should point out that project is not affiliated with BitBay, it's just a side project done by anonymous people. It will also be a DEX and the advantage of that project is that because it's multisignature DEX it will have a full orderbook which is an advantage over other implementations.

So currently those are the things going on. PancakeSwap was chosen because at first I thought a bridge was impossible because ETH costs were simply too high and my original design had "liquidity mixing" to save costs which actually made it incompatible with BAY (although arguably very nice for a new coin). However, I realized because Binance Chain was lower cost, it was possible to do peg shards with "microshards" and make them explicit(save each relevant value). Because even if fees are 20x more than a normal Solidity "ERC" token they are still affordable for decentralized exchange on Binance. ETH would only work if they add ZK-sync.

So yes that is the current news and it's good news. BAY may actually dig it's way out of the current bottleneck. The "bridge" would be a hard fork. The only drawback is initially the bridge would be a giant multisig or threshold key based on rich list (yet to be decided) until a more decentralized solution is found (maybe in the realm of zk-sync pushing some chain data if the project booms and can afford it). People don't seem to mind about bridges as they already use Bitcoin bridges. And besides, it's safer than going on a central exchange.

Another advantage of the bridge is ability to take advantage of smart contracts on other networks... treat their network like a sidechain in a sense. This lets devs do whatever they want without bloating our main chain.

Also as for BitBay, it already has the ability to be traded over the counter using double deposit escrow in the software itself (the markets client)... although because BAYR can't be used as deposits nobody is really using it. That is a DEX in of itself however limited by the collateral.


As for the full order book, how is it different compared to Ether/Forkdelta? Those are full order books too, right? Could the Night Trader dex be faster and cheaper than Forkdelta for example?

While everything you explain here sounds awesome, it also sounds ambitious. What do you think when will most of these technologies be coded, implemented and ready to use?

I'm not familiar with forkdelta however anything ETH based is expensive. I think this DEX would be cheaper because it's multisig and threshold sig so the funds only clear periodically and it routes debts.
temple
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April 20, 2021, 10:08:33 AM
 #7688

For the DEX aspect of this project, do you have to recode your coins with additional code or can they be used on the Bitbay dex as is?

Well first we make a bridge that can connect us to Ethereum, Binance Smart Chain, Avalanche and others.
That would give us access to PancakeSwap at first among other DEXes

As for NightTrader exchange I should point out that project is not affiliated with BitBay, it's just a side project done by anonymous people. It will also be a DEX and the advantage of that project is that because it's multisignature DEX it will have a full orderbook which is an advantage over other implementations.

So currently those are the things going on. PancakeSwap was chosen because at first I thought a bridge was impossible because ETH costs were simply too high and my original design had "liquidity mixing" to save costs which actually made it incompatible with BAY (although arguably very nice for a new coin). However, I realized because Binance Chain was lower cost, it was possible to do peg shards with "microshards" and make them explicit(save each relevant value). Because even if fees are 20x more than a normal Solidity "ERC" token they are still affordable for decentralized exchange on Binance. ETH would only work if they add ZK-sync.

So yes that is the current news and it's good news. BAY may actually dig it's way out of the current bottleneck. The "bridge" would be a hard fork. The only drawback is initially the bridge would be a giant multisig or threshold key based on rich list (yet to be decided) until a more decentralized solution is found (maybe in the realm of zk-sync pushing some chain data if the project booms and can afford it). People don't seem to mind about bridges as they already use Bitcoin bridges. And besides, it's safer than going on a central exchange.

Another advantage of the bridge is ability to take advantage of smart contracts on other networks... treat their network like a sidechain in a sense. This lets devs do whatever they want without bloating our main chain.

Also as for BitBay, it already has the ability to be traded over the counter using double deposit escrow in the software itself (the markets client)... although because BAYR can't be used as deposits nobody is really using it. That is a DEX in of itself however limited by the collateral.


As for the full order book, how is it different compared to Ether/Forkdelta? Those are full order books too, right? Could the Night Trader dex be faster and cheaper than Forkdelta for example?

While everything you explain here sounds awesome, it also sounds ambitious. What do you think when will most of these technologies be coded, implemented and ready to use?

I'm not familiar with forkdelta however anything ETH based is expensive. I think this DEX would be cheaper because it's multisig and threshold sig so the funds only clear periodically and it routes debts.

I see. Yes Forkdelta is expensive like hell. One transaction with gas to deposit ETH or tokens into the smart contract and one transaction with gas to again release tokens or ETH from the smart contract, making it available for the next transaction to another address (again fees). It's very expensive. Do you have an idea in USD terms what a transaction might cost if your plans play out?

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dzimbeck
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April 21, 2021, 11:54:07 AM
 #7689

For the DEX aspect of this project, do you have to recode your coins with additional code or can they be used on the Bitbay dex as is?

Well first we make a bridge that can connect us to Ethereum, Binance Smart Chain, Avalanche and others.
That would give us access to PancakeSwap at first among other DEXes

As for NightTrader exchange I should point out that project is not affiliated with BitBay, it's just a side project done by anonymous people. It will also be a DEX and the advantage of that project is that because it's multisignature DEX it will have a full orderbook which is an advantage over other implementations.

So currently those are the things going on. PancakeSwap was chosen because at first I thought a bridge was impossible because ETH costs were simply too high and my original design had "liquidity mixing" to save costs which actually made it incompatible with BAY (although arguably very nice for a new coin). However, I realized because Binance Chain was lower cost, it was possible to do peg shards with "microshards" and make them explicit(save each relevant value). Because even if fees are 20x more than a normal Solidity "ERC" token they are still affordable for decentralized exchange on Binance. ETH would only work if they add ZK-sync.

So yes that is the current news and it's good news. BAY may actually dig it's way out of the current bottleneck. The "bridge" would be a hard fork. The only drawback is initially the bridge would be a giant multisig or threshold key based on rich list (yet to be decided) until a more decentralized solution is found (maybe in the realm of zk-sync pushing some chain data if the project booms and can afford it). People don't seem to mind about bridges as they already use Bitcoin bridges. And besides, it's safer than going on a central exchange.

Another advantage of the bridge is ability to take advantage of smart contracts on other networks... treat their network like a sidechain in a sense. This lets devs do whatever they want without bloating our main chain.

Also as for BitBay, it already has the ability to be traded over the counter using double deposit escrow in the software itself (the markets client)... although because BAYR can't be used as deposits nobody is really using it. That is a DEX in of itself however limited by the collateral.


As for the full order book, how is it different compared to Ether/Forkdelta? Those are full order books too, right? Could the Night Trader dex be faster and cheaper than Forkdelta for example?

While everything you explain here sounds awesome, it also sounds ambitious. What do you think when will most of these technologies be coded, implemented and ready to use?

I'm not familiar with forkdelta however anything ETH based is expensive. I think this DEX would be cheaper because it's multisig and threshold sig so the funds only clear periodically and it routes debts.

I see. Yes Forkdelta is expensive like hell. One transaction with gas to deposit ETH or tokens into the smart contract and one transaction with gas to again release tokens or ETH from the smart contract, making it available for the next transaction to another address (again fees). It's very expensive. Do you have an idea in USD terms what a transaction might cost if your plans play out?

Considering the fact that it's multisig based I think it would be cheaper because nothing is broadcasted until clearance happens which maybe is ever week or so. However there would still be deposit and withdraw transaction for ETH tokens. Really his DEX is focused on decentralized Bitcoin based trades so they would be all types of BTC style UTXO coins. However adding compatibility with ETH is also possible and it would make it cheaper than almost any other ETH DEX (although I haven't checked all of them).
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April 21, 2021, 06:16:07 PM
 #7690

soooooo missing another bull run are we Sad

lol. sigh.

$ADK ~ watch & learn...
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April 23, 2021, 08:20:21 AM
 #7691

soooooo missing another bull run are we Sad

lol. sigh.
No... not really.
While BTC is down 22% and XRP 37%, etc. in the past 7 days - BAY is steady at an average mean of $0.64, despite what CMC says ($2.38).

I think once all the smoke clears BAY will do quite well in the long run. Patience Pays. Rome was not built in a day.  Smiley
...Now back to my sabbatical - again. lol
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April 24, 2021, 11:11:38 AM
 #7692

soooooo missing another bull run are we Sad

lol. sigh.

Unfortunately. The new plan is to bridge over to DEXes with watered down peg. I don't think that will be ready until the end of the year though.
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April 24, 2021, 11:13:55 AM
 #7693

I see. Yes Forkdelta is expensive like hell. One transaction with gas to deposit ETH or tokens into the smart contract and one transaction with gas to again release tokens or ETH from the smart contract, making it available for the next transaction to another address (again fees). It's very expensive. Do you have an idea in USD terms what a transaction might cost if your plans play out?

Not yet however the exchange will be testing trades soon for beta. Alec should have a Telegram set up for updates if you are interested. The first tests are BTC based coins only though and any ETH stuff is added later once everything else is stable.
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April 28, 2021, 04:21:30 PM
 #7694

For the DEX aspect of this project, do you have to recode your coins with additional code or can they be used on the Bitbay dex as is?

Well first we make a bridge that can connect us to Ethereum, Binance Smart Chain, Avalanche and others.
That would give us access to PancakeSwap at first among other DEXes

As for NightTrader exchange I should point out that project is not affiliated with BitBay, it's just a side project done by anonymous people. It will also be a DEX and the advantage of that project is that because it's multisignature DEX it will have a full orderbook which is an advantage over other implementations.

So currently those are the things going on. PancakeSwap was chosen because at first I thought a bridge was impossible because ETH costs were simply too high and my original design had "liquidity mixing" to save costs which actually made it incompatible with BAY (although arguably very nice for a new coin). However, I realized because Binance Chain was lower cost, it was possible to do peg shards with "microshards" and make them explicit(save each relevant value). Because even if fees are 20x more than a normal Solidity "ERC" token they are still affordable for decentralized exchange on Binance. ETH would only work if they add ZK-sync.

So yes that is the current news and it's good news. BAY may actually dig it's way out of the current bottleneck. The "bridge" would be a hard fork. The only drawback is initially the bridge would be a giant multisig or threshold key based on rich list (yet to be decided) until a more decentralized solution is found (maybe in the realm of zk-sync pushing some chain data if the project booms and can afford it). People don't seem to mind about bridges as they already use Bitcoin bridges. And besides, it's safer than going on a central exchange.

Another advantage of the bridge is ability to take advantage of smart contracts on other networks... treat their network like a sidechain in a sense. This lets devs do whatever they want without bloating our main chain.

Also as for BitBay, it already has the ability to be traded over the counter using double deposit escrow in the software itself (the markets client)... although because BAYR can't be used as deposits nobody is really using it. That is a DEX in of itself however limited by the collateral.


As for the full order book, how is it different compared to Ether/Forkdelta? Those are full order books too, right? Could the Night Trader dex be faster and cheaper than Forkdelta for example?

While everything you explain here sounds awesome, it also sounds ambitious. What do you think when will most of these technologies be coded, implemented and ready to use?

I'm not familiar with forkdelta however anything ETH based is expensive. I think this DEX would be cheaper because it's multisig and threshold sig so the funds only clear periodically and it routes debts.

I see. Yes Forkdelta is expensive like hell. One transaction with gas to deposit ETH or tokens into the smart contract and one transaction with gas to again release tokens or ETH from the smart contract, making it available for the next transaction to another address (again fees). It's very expensive. Do you have an idea in USD terms what a transaction might cost if your plans play out?

Considering the fact that it's multisig based I think it would be cheaper because nothing is broadcasted until clearance happens which maybe is ever week or so. However there would still be deposit and withdraw transaction for ETH tokens. Really his DEX is focused on decentralized Bitcoin based trades so they would be all types of BTC style UTXO coins. However adding compatibility with ETH is also possible and it would make it cheaper than almost any other ETH DEX (although I haven't checked all of them).

Got it, and what is the timeline again when the full version of what you just explained maybe finally ready to use? It will take a while I presume with all the testing that is required before a full launch?

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dzimbeck
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April 28, 2021, 07:50:15 PM
 #7695

Got it, and what is the timeline again when the full version of what you just explained maybe finally ready to use? It will take a while I presume with all the testing that is required before a full launch?

I don't know, I'm not the one coding it. However I think by the end of the year a very functional version of it should exist. Before launch they have to prepare all of the marketing materials and such as well.
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May 10, 2021, 12:30:23 PM
 #7696

Hello Bitbay community, can you tell me how to mine extract BAY and where to buy it?
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May 10, 2021, 10:54:48 PM
 #7697

Hello Bitbay community, can you tell me how to mine extract BAY and where to buy it?

Yeah we trade on Latoken however they are usually down for repairs so we are doing a bridge to Uniswap and have NightTrader DEX coming. You can buy it for now OTC on Bitcointalk or Telegram NightTrader DEX chat and BitBay channel. Best to join https://t.me/bitbayofficial
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May 12, 2021, 02:33:21 AM
 #7698

Thank you for your quick answers. I don't see BAY on Latoken. I will wait for an exchange to be set up. There are several exchanges that can reference BAY such as vinex.network graviex crex24 would be ideal to generate liquidity and boost the BitBAY market what do you think? Can you give me the actual circulation supply and max supply of BAY?

Yeah because they are always down for bugs, we don't really trust them anymore so DEX is just better. Integrating with any central exchanges they have to do custom code and thats because of the peg, the circulating supply is constantly changing and a users reserve vs liquid balances always change.

https://www.docdroid.net/d5wcK4D/dynamic-peg-visual-technical-reference-20190528-pdf

Please read up on how the peg works there ^ and you will see why we have custom code to add to exchanges.

Because most exchange operators are either greedy or unskilled we can't seem to ever get a good agreement with them. So thats why we just go to DEX via bridges.
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May 21, 2021, 02:08:26 AM
Last edit: June 12, 2021, 07:44:38 AM by BitBayDoc
 #7699

Watching this engineered price action in the crypto markets (it's sooo obvious), is why BAY is important.
I feel like I've seen it all before. Déjà vu all over again.  Cheesy

Check out what's coming for BAY in winter of 2021 - FREEDOM --> https://NightTrader.exchange
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June 12, 2021, 07:41:13 AM
Last edit: June 14, 2021, 11:01:36 PM by BitBayDoc
 #7700

Want to invest in the future of BAY?
Become a NightTrader DEX Masternode: https://nighttrader.exchange/masternode/
and
To check out the latest Pricing and Volume Charts for BAY - Go to Coin Gecko: https://www.coingecko.com/en/coins/bitbay
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