The world's first decentralised stablecoin designed for mass adoption
With its unique system of adaptive supply control, BitBay is creating a stable and reliable currency that is truly independent.
The revolutionary 'Dynamic Peg' creates both a store of value and a medium of exchange.
A brand new method of
Every user has two balances of $BAY, liquid and reserve. During a price crash, stakers can collectively vote to “freeze” a portion of the entire liquid supply. This decreases the supply of everyone’s remaining liquid coins. The frozen coins can also be moved with a time delay which opens the door to a plethora of investment vehicles.
During a price pump, stakers can vote to “unfreeze” a portion of the entire frozen supply. This increases the supply of everyone’s remaining liquid coins. The end result is a coin supply that elegantly adapts to current demand, no matter how much that demand changes.
Out with the old,
in with the new
Historically, centralized and fixed fiat pegs tend to crumble under the pressure of volatility. By design, our dynamic peg requires no single entity to manage the supply of $BAY. BitBay’s democratic voting system allows for maximum resilience and elasticity during extreme volatility.