BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 14.

LuckyLeprachaun

sr. member

Activity: 470

Merit: 251

Bitbay is the Future!!!

Quote from: ExEric3 on July 14, 2020, 03:14:01 PM

Quote from: LuckyLeprachaun on July 14, 2020, 02:54:51 PM

The pegging works by balancing the wallet amounts based on present liquidity and votes, so depending on what the people want and the liquidity of Bitbay forces the coins in reserve to keep price stable. The reason you cannot see the trading on Latoken is because Bitbay is presently under maintenance, don't worry trading will resume soon.

I thought PEG is for whole network. Then why im my personal wallet I see BAY(R) 1059 and BAY(L) just 0.53? When I compare it with Latoken exchange I had almost same reserved BAY value 1016 and for liquidity 10 BAY. That means Latoken exchange have different rules or wallet?

It is for the whole network, same system on exchange as wallet.

ExEric3

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Quote from: LuckyLeprachaun on July 14, 2020, 02:54:51 PM

The pegging works by balancing the wallet amounts based on present liquidity and votes, so depending on what the people want and the liquidity of Bitbay forces the coins in reserve to keep price stable. The reason you cannot see the trading on Latoken is because Bitbay is presently under maintenance, don't worry trading will resume soon.

I thought PEG is for whole network. Then why im my personal wallet I see BAY(R) 1059 and BAY(L) just 0.53? When I compare it with Latoken exchange I had almost same reserved BAY value 1016 and for liquidity 10 BAY. That means Latoken exchange have different rules or wallet?

LuckyLeprachaun

sr. member

Activity: 470

Merit: 251

Bitbay is the Future!!!

Quote from: ExEric3 on July 14, 2020, 01:03:49 PM

Hello,

can I ask how that PEG works? Latoken/exchanges have different wallet like others people?

At Latoken had 1016 BAY Reserved fund I got after some time transfered 10 BAY to liquidity fund.

Here is screen from Latoken:

Now lets look to my personal wallet.

Reserved BAY 1059 and avaiable for liquidity just 0.53 BAY?

Anyone else is able trade at Latoken exchange? Im getting only empty page when I search for BAY.

The pegging works by balancing the wallet amounts based on present liquidity and votes, so depending on what the people want and the liquidity of Bitbay forces the coins in reserve to keep price stable. The reason you cannot see the trading on Latoken is because Bitbay is presently under maintenance, don't worry trading will resume soon.

ExEric3

full member

Activity: 176

Merit: 100

Hello,

can I ask how that PEG works? Latoken/exchanges have different wallet like others people?

At Latoken had 1016 BAY Reserved fund I got after some time transfered 10 BAY to liquidity fund.

Here is screen from Latoken:

Now lets look to my personal wallet.

Reserved BAY 1059 and avaiable for liquidity just 0.53 BAY?

Anyone else is able trade at Latoken exchange? Im getting only empty page when I search for BAY.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: raisinbran on July 09, 2020, 08:58:55 PM

How do I find the version of the Markets Client? When I click on Help/About it just says "Halo 2.5". But that is not the version of the Client proper.

Thanks in Advance

that is the correct version, the QT is on a different version 3.1 than the Python Halo client which is indeed 2.5.

raisinbran

jr. member

Activity: 64

Merit: 2

How do I find the version of the Markets Client? When I click on Help/About it just says "Halo 2.5". But that is not the version of the Client proper.

Thanks in Advance

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: JammyDodger on July 08, 2020, 02:55:55 AM

Thanks dzimbeck, all sorted now I think Wink

Perfect! You're welcome and let me know if you have any other questions.

JammyDodger

member

Activity: 96

Merit: 10

Thanks dzimbeck, all sorted now I think Wink

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: JammyDodger on July 07, 2020, 01:38:28 PM

Quote from: cr197 on July 07, 2020, 12:20:02 PM

Quote from: JammyDodger on July 07, 2020, 06:23:30 AM

Hi guys, anyone know why it takes 180000 network confirmations before we get our BAY onto LAtoken exchange? its been about a month and a half now and still only around 40k confirmations Huh

Quote

Your account will be credited after 180000 network confirmations.

You can check current transaction status on the transactions tab.

I also don't see anything in the transactions tab.

Thanks.

You can review the LATOKEN exchange wallet here:
https://chainz.cryptoid.info/bay/wallet.dws?67109.htm

Check for your deposit address. Eventually we hope that LATOKEN will update their UI to include "pending" for BAYR deposits rather than looking up manually on explorer.

Thanks for the reply cr197, I have checked my deposit address and I'm not getting any results, It's showing as sent in my bitbay wallet. when I try to look for the transaction on the BitBay Blockchain Explorer it's not showing any results? And when I look up my wallet address on the explorer it shows my balance and my previous transactions in 2019 but not this recent one?

I have been in contact with LAtoken support and they gave me this message:

Quote

This changing is normal, it is due to the peg
BAY switch to BAYR depending on the vote or BAYR switches to BAY depending on the vote
if inflate or deflate, it is how BAY works. BAY and BAYR are same token actually, in the blockchain it is considered as same token, it is just different states.. For more details you need to contact BAY team and they will explain more.

So do I just have to wait or has something gone wrong do you think?
sorry for being a noob + thanks

You are on a fork then. You should update the software, backup you wallet and keys, dump your wallet keys to a file(if on QT), remove the blockchain files from data directory, download bootstrap and put it in data directory, import your wallet keys into a new wallet and resynchronize. Your funds are still in your account and after doing all of that you can try sending the transaction again.

JammyDodger

member

Activity: 96

Merit: 10

Quote from: cr197 on July 07, 2020, 12:20:02 PM

Quote from: JammyDodger on July 07, 2020, 06:23:30 AM

Hi guys, anyone know why it takes 180000 network confirmations before we get our BAY onto LAtoken exchange? its been about a month and a half now and still only around 40k confirmations Huh

Quote

Your account will be credited after 180000 network confirmations.

You can check current transaction status on the transactions tab.

I also don't see anything in the transactions tab.

Thanks.

You can review the LATOKEN exchange wallet here:
https://chainz.cryptoid.info/bay/wallet.dws?67109.htm

Check for your deposit address. Eventually we hope that LATOKEN will update their UI to include "pending" for BAYR deposits rather than looking up manually on explorer.

Thanks for the reply cr197, I have checked my deposit address and I'm not getting any results, It's showing as sent in my bitbay wallet. when I try to look for the transaction on the BitBay Blockchain Explorer it's not showing any results? And when I look up my wallet address on the explorer it shows my balance and my previous transactions in 2019 but not this recent one?

I have been in contact with LAtoken support and they gave me this message:

Quote

This changing is normal, it is due to the peg
BAY switch to BAYR depending on the vote or BAYR switches to BAY depending on the vote
if inflate or deflate, it is how BAY works. BAY and BAYR are same token actually, in the blockchain it is considered as same token, it is just different states.. For more details you need to contact BAY team and they will explain more.

So do I just have to wait or has something gone wrong do you think?
sorry for being a noob + thanks

cr197

full member

Activity: 307

Merit: 109

Quote from: JammyDodger on July 07, 2020, 06:23:30 AM

Hi guys, anyone know why it takes 180000 network confirmations before we get our BAY onto LAtoken exchange? its been about a month and a half now and still only around 40k confirmations Huh

Quote

Your account will be credited after 180000 network confirmations.

You can check current transaction status on the transactions tab.

I also don't see anything in the transactions tab.

Thanks.

You can review the LATOKEN exchange wallet here:
https://chainz.cryptoid.info/bay/wallet.dws?67109.htm

Check for your deposit address. Eventually we hope that LATOKEN will update their UI to include "pending" for BAYR deposits rather than looking up manually on explorer.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: JammyDodger on July 07, 2020, 06:23:30 AM

Hi guys, anyone know why it takes 180000 network confirmations before we get our BAY onto LAtoken exchange? its been about a month and a half now and still only around 40k confirmations Huh

Quote

Your account will be credited after 180000 network confirmations.

You can check current transaction status on the transactions tab.

I also don't see anything in the transactions tab.

Thanks.

If it's BAYR it takes a month to confirm because those are reserve. They should credit to your account if not, ask Latoken and send them the TXID. Also you can check the TXID on chainz.cryptoid you should make sure you aren't on an orphan chain.

If you don't see anything in the transactions tab maybe rescan your wallet or compare the balance to chainz, you should see your Tx there as well.

JammyDodger

member

Activity: 96

Merit: 10

Hi guys, anyone know why it takes 180000 network confirmations before we get our BAY onto LAtoken exchange? its been about a month and a half now and still only around 40k confirmations Huh

Quote

Your account will be credited after 180000 network confirmations.

You can check current transaction status on the transactions tab.

I also don't see anything in the transactions tab.

Thanks.

LuckyLeprachaun

sr. member

Activity: 470

Merit: 251

Bitbay is the Future!!!

Quote from: dzimbeck on June 30, 2020, 08:09:50 PM

Quote from: cr197 on June 30, 2020, 04:07:10 PM

I love this article. It just goes to show how the industry has massive horse blinders on it and when a solution arises, they take a lot of waking up to realize there IS a solution.
The Dynamic Peg fixes this. And the beauty of it is that it can't be broken so it can't fail. It's just a matter of waking up the masses

https://www.forbes.com/sites/seansteinsmith/2020/06/17/bitcoin-failed-as-money-and-that-is-great-news-for-crypto/

Maybe we should email the editor and let them know about the peg release and BitBay as one of the oldest most developed projects.

That's a great idea, I think if we can get the editor to give you a small interview, could be exactly what Bitbay needs now, to let the world know about your genius invention. I think all people need is a small lesson on this peg system, once they can understand it, they will see that is the future of Crypto.

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: cr197 on June 30, 2020, 04:07:10 PM

I love this article. It just goes to show how the industry has massive horse blinders on it and when a solution arises, they take a lot of waking up to realize there IS a solution.
The Dynamic Peg fixes this. And the beauty of it is that it can't be broken so it can't fail. It's just a matter of waking up the masses

https://www.forbes.com/sites/seansteinsmith/2020/06/17/bitcoin-failed-as-money-and-that-is-great-news-for-crypto/

Maybe we should email the editor and let them know about the peg release and BitBay as one of the oldest most developed projects.

LuckyLeprachaun

sr. member

Activity: 470

Merit: 251

Bitbay is the Future!!!

Quote from: cr197 on June 30, 2020, 04:07:10 PM

I love this article. It just goes to show how the industry has massive horse blinders on it and when a solution arises, they take a lot of waking up to realize there IS a solution.
The Dynamic Peg fixes this. And the beauty of it is that it can't be broken so it can't fail. It's just a matter of waking up the masses

https://www.forbes.com/sites/seansteinsmith/2020/06/17/bitcoin-failed-as-money-and-that-is-great-news-for-crypto/

I agree with you, very good article, thanks for sharing it Cool

cr197

full member

Activity: 307

Merit: 109

I love this article. It just goes to show how the industry has massive horse blinders on it and when a solution arises, they take a lot of waking up to realize there IS a solution.
The Dynamic Peg fixes this. And the beauty of it is that it can't be broken so it can't fail. It's just a matter of waking up the masses

https://www.forbes.com/sites/seansteinsmith/2020/06/17/bitcoin-failed-as-money-and-that-is-great-news-for-crypto/

cr197

full member

Activity: 307

Merit: 109

Trading has resumed on LATOKEN

dzimbeck

legendary

Activity: 2412

Merit: 1044

Quote from: ?? on ??

lol snorefest still eh?

At least BAY is holding 20 cents. It's out of our control that the crypto space isn't like the good days of altcoin liquidity. Now we need to look for more traditional liquidity methods to increase supply.

cr197

full member

Activity: 307

Merit: 109

Bug fixed. Seems there was a bug in the POS alliance coding that was designed to fight spam attacks. But it opened weakness for chain to fork
Testing new QT wallet now. Version 3.1.1

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