The forefront of decentralized and non-collateralized stablecoin technology
With a truly unique system of adaptive price control, BitBay is creating a stable and reliable value for BAY. The revolutionary dynamic peg transforms $BAY into both a store of value, and a medium of exchange.
This creates a thriving environment of profitability for investors, and reliability for users.
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 and increases the price of everyone’s remaining liquid coins. The frozen coins can also be moved with a time delay. This opens the door to a plethora of investment vehicles such as futures, bonds, and peer-2-peer loans.
During a price pump, stakers can vote to “unfreeze” a portion of the entire frozen supply. This increases the supply, and decreases the price 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.