Topic: BitBay OFFICIAL BITBAY Thread Smart Contracts Decentralized Markets Rolling Peg - page 43. (Read 542196 times)

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

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 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



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

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

Also worth checking out:
https://medium.com/bitbay-blog/bitbay-dynamic-peg-faq-8cd257da63fd

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.   

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!

Thank you again.

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.

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.

Make that "Please ELI5."

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.

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.

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?

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.

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.

If an exchange doesn't run our peg software they could become insolvent as it's the same as stealing from users (since a user could deposit liquid and get reserve frozen upon withdraw or the exchange could simply get their funds stuck by not running it properly).

Therefore, all exchanges must update for the peg. If not they will be required to pause trading until they integrate properly.

We are currently also on NovaExchange and Litebit. Neither Nova, Bittrex or Upbit have made their decisions on the peg and to be honest it probably won't matter if they delist us. We are optimistic though that they will see the light and integrate, to support new technology because it's this technology that made them rich and powerful in the first place.

Either way, we are going to be listed at Chaoex, Bitker and LAtoken and US customers will be able to use most of those exchanges as well. All 3 have agreed to properly integrate our peg in the same way as dynamicpeg.com

Yeah all of our escrows in Halo software has been tested to work with the peg. I just need to update it once more for the actual fork.

it's my understanding that there will be a hard fork to activate the peg and the team will no longer support the non-pegged chain...

In post #6932 dzimbeck wrote, "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."

Will these channels be peg enabled? Will it make any difference if they are not? It would be nice if somebody could clear this up.

So it seems that within a month or two we will have three exchanges online with peg SW: LAtoken, Chaoex and BITKER.

As far as I can tell from CoinGecko there are only two exchanges currently online, neither with peg SW: Bittrex (non-US only) and Upbit. Are there any other exchanges trading BAY right now?

What happens when some exchanges have peg SW and others do not have it? Who wins? Would it be worthwhile to request that BAY be delisted from Bittrex and/or Upbit? It would seem that the higher the percentage of peg enabled exchanges, the faster BAY will rise.