/biz/ - Business & Finance

>>12642336
That's a low market cap gem.
The currency has inherent value, it will be the first PoS 3.0 coin to be dynamically pegged & is used to secure the contracting system's escrows (pic related).

A dynamic peg is a decentralized way to reduce negative volatility while still allowing long term free market.
Basically it secures the currency against negative manipulations or huge market swings, hence helping nurtering organic demand & keeping the price stable short term wise.
It's using a liquid/frozen coin mechanism that is democratically voted by stakers.

As escrows are secured by temporary locked $BAY & that peg voting is done by staking your coins on your computer, it protects the $BAY price value, while at the same time the dynamic peg helping to protect the short term price value.

>>12642350
I consider SAFEX to be a scam. It has no working product or a roadmap that makes it stand up in a way.
The closest thing to Bitbay is Particl but it is a different project, it has different goals and thus is not doing a web marketplace or a dynamically pegged currency like Bitbay is.

>>12642357
What are you talking about ?
There is a full team of developers commited to Bitbay's development.
The project keep making meaningful progresses even in the bear market.
It's not a weak project, it's been in development since years.
It has a mission to accomplish and will achieve it.
$BAY is literally the project I trust the most, among all projects I'm invested in (besides crypto marketplaces I have an interest in DEXs).

>>12619174
Bitbay $BAY.
The only crypto project that will bring a decentralized alternative to Amazon & eBay.
No middlemen.
No fees.
Your private keys, your funds.
PoS 3.0.
Trustless contracts.
High security while being convenient.
Already has a desktop client that works, but will soon release a web marketplace aimed at the mainstream crowd.
Any currency can be used but $BAY is used for the contracts collateral escrows.
The more the marketplace will be used, the more $BAY will be locked in temporary contracts & staking, the more the price will increase.

>>12625241
Yeah. That's why Bitbay is open & permits to use any currency for payment.
The only time it is mandatory to use BAY is to secure the trustless contracts, so that you can do business with no fees & no middlemen.