|Market Cap Dominance||0.00%|
|Volume / Market Cap||0.001|
|24h Low / 24h High||$0.00146285 / $0.00163441|
|7d Low / 7d High||$0.00144992 / $0.00288058|
|Market Cap Rank||#648|
|Since All-Time High||-100%|
|All-Time High Date||Jan 03, 2018 (over 1 year)|
|BitBay/Bitcoin Ratio||1 BTC = 6657428.49 BAY|
|#||Exchange||Pair||Price||Spread||+2% Depth||-2% Depth||24h Volume||Volume %||Last Traded||Trust Score|
|0.71%||about 1 hour ago||-|
|Median Transaction Fee||4.77680004 BAY|
|Median Block Size||645 Bytes|
|Genesis Date||November 10, 2014 (almost 5 years)|
|Hashing Algorithm||Proof of Stake|
|Block Time||1.067 minutes|
|Available Supply||1.02 Billion / ? Supply Breakdown|
The BitBay ‘Dynamic Peg’ is a brand new mechanism for stabilising a digital currency. It’s a value control system democratically controlled by the users, for the users.
Through a simple mechanism of freezing and unfreezing, stakers can collectively change the liquidity of BAY’s supply in order to change its price.
To find out more about this revolutionary method of currency stabilisation, have a read of the quick guide:
Read the latest BitBay community update, with a round up of all the recent news at BitBay. In this issue:
- 3 new exchanges announced for the Dynamic Peg release
- new static website hosted on GitHub Pages
- Web Marketplace update
Enjoy and share!
We are very happy to announce yet another exchange partner for the Dynamic Peg.
Chaoex.com is based in Hong Kong and was established in 2017. Serving the Chinese and Singapore markets, listing on Chaoex will help us reach a potentially huge new user base with the peg.
Like latoken, the Chaoex dev team has already started getting to know the code and while we don’t have a set launch date for these two exchanges, we anticipate the peg to be live in approx 5-6 weeks.
More info soon...
We are pleased to announce the latest update to the Web Marketplace beta, with some great new features and improvements.
Even though the Web Marketplace is currently in early beta, our community members are already buying and selling items with the added security of BitBay’s unique Double Deposit Escrow feature.
Come and see what we're building! Join the team and community in slack now to take the BitBay Web Marketplace for a test drive:
🔔 Round two of the Dynamic Peg testing has just begun on the demo exchange! 🔔
The BitBay community is putting the Dynamic Peg protocol through its paces, testing the unique features that will make BitBay the world’s first truly independent stable currency.
Watch this video to get an insight to how the Dynamic Peg has the potential to revolutionise digital payments for everyone.
We are pleased to announce that the Dynamic Peg testing has started today on the demo exchange!
Once this first round of testing is completed we will be opening the exchange to everyone who wants to come and see the Dynamic Peg in action.
We’ll also be sharing results of the trading of $BAY and $BAYR (reserve) on our social media channels so you can see how this revolutionary stablecoin protocol works.
Read more about the Dynamic Peg now at http://bitbay.market
As we enter the final stages of testing for the BitBay 'Dynamic Peg' stablecoin protocol, we'd like to share this comprehensive FAQ to answer any questions you might have.
It covers all the basic questions including fundamentals of the supply and demand algorithm, the built-in democratic voting options, and also in-depth benefits for traders and investors.