With the #DynamicPeg, BAY will have a very strong chance of maintaining independent correlation to both BTC and Alts (not to mention traditional markets), creating a very interesting ternary hedging model. ...and this doesn't even touch on the P2P marketplace side of things
BitBay has a dynamic supply because satoshis are in an array instead of a single integer. Thus making a variable liquidity system of liquid/reserve coins that change in ratio by force. No hyper-inflation, no backing, no short/long/credit. Users keep custody of reserve coins too.
We are pleased to announce a new addition to the BitBay family. The BitBay Foundation is now a registered legal entity in Estonia and this is a significant step forwards for the whole BitBay project. Check out the new website at https://bitbay.foundation #bitbay #dynamicpeg
The BitBay marketplaces ensure users are protected from fraud by using a unique system of 'security deposits'. We call this Double Deposit Escrow (DDE). The infographic shows how 'DDE' works as a safeguard on the #BitBay Web Marketplace betapic.twitter.com/cT6ieGzI3K
BitBay (BAY) News
BitBay (BAY) is currently the #563 cryptocurrency by market cap at $2.9M USD. Trading volume for BitBay over the last 24 hours is $0 USD. There have been 3 news stories on BitBay over the last 7 days. The most common news source covering BitBay is BitBay Twitter and the most common news category is Project Announcements.