Whole concept of BitBay token was created to revolutionize programmable money.
BitBay ecosystem is powered by Smart Contracts and a PoS (Proof of Stake) 3.0 cryptocurrency.
BitBay ecosystem’s security is state of the art. With virtually unhackable multisignature wallet, built-in Smart Contracts, encrypted communication, decentralized hosting, protected anonymity, Anti-Keylogger, Steganography and Cold Staking.
In 2014, the BitBay Halo Client was the industry's first to introduce a trustless, decentralized marketplace powered by unbreakable smart contracts.
BitBay developers are making progress every day, bringing users the most feature-rich platform in crypto world. This ecosystem is powered by $BAY a cryptocurrency with a truly unique system of adaptive price control. BitBay is creating a stable and reliable value for BAY, their cryptocurrency.
Their idea - a revolutionary dynamic peg transforms $BAY into both a store of value and a medium of exchange. The days of ultimate volatility and ever-changing price of cryptocurrency will be finally over. This stable economic environment creates a thriving environment of profitability for investors, and reliability for users and can function as a source of passive income by generating crypto dividends.
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 of cryptocurrency. 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 many investment vehicles such as futures, bonds, and P2P loans.
Similar, 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 result is a coin supply that elegantly adapts to current demand, no matter how much that demand changes.
BitBay developers have very interesting plans for 2019: BitBay Ledger Nano integration development, a new custom BitBay Explorer, new partnership announcements and dedicated BitBay Foundation and community websites, plus much more.