BitBay's
Dynamic Peg
The world's first decentralised currency designed for mass adoption
With its unique system of adaptive supply control, BitBay is creating a
reliable currency that is truly independent.
The revolutionary 'Dynamic Peg' creates both a store of value
and a medium of exchange.
The democratic control of supply
Every price is determined where supply meets demand. As demand constantly changes, we must control the supply to counteract that movement. BitBay’s Dynamic Peg is purely decentralized, allowing every participant to vote on which direction the price may go. When the users collectively decide upon a price, the currency can then be trusted for use within BitBay’s double deposit escrow contracts.
This is the definition of a truly adaptable currency.
A brand new method of
decentralized
currency
management
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.
Don’t want to vote?
We have you covered
Using our tried and tested algorithm, each vote can also be algorithmically automated depending on user preference.
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.
Paving the way for organic growth
BitBay’s ecosystem requires a decentralized and adaptable cryptocurrency in order to thrive. This is now possible, as the dynamic peg eliminates manipulation from Bitcoin volatility, whales, governments, and even trigger bots. It makes room for adoption, and creates long-term, steady growth. When compared to an ever-growing list of coins, BitBay’s Dynamic Peg is unlike any other.
