Dynamic Peg - FAQ

A quick guide to the Dynamic Peg (7)

Dynamic Peg - A Visual Technical Reference (7)

QT Wallet - A comprehensive guide (3)

This guide covers every feature within the BitBay QT wallet:

About the Dynamic Peg - FAQ category (1)

All of your Dynamic Peg related questions answered here. (If you don’t see your question listed, post it below. It will get answered ASAP.)

How can investors benefit from BitBay’s Dynamic Peg? (1)
How much can the liquid supply and price of BAY fluctuate in one day? (1)
What keeps users from voting to pump or dump the price overnight? (1)
Why do Reserve and voluntarily frozen coins have value? Are there any benefits to holding them? (1)
How does the Dynamic Peg handle “black swan events” such as an extreme decline in demand, market shock, etc.? (1)
What is the voting algorithm, and how does it work? (1)
When and how can I spend the different liquidities of BAY? (1)
What will the price of BAY be in X amount of time with the peg? (1)
Why are my deposits and withdrawals taking so long on the exchange? (1)
What advantage does BitBay’s Dynamic Peg have over traditional fiat currency management? (1)
What will happen with the price in the short, mid, and long term? (1)
Why does BitBay need a Dynamic Peg? Can you please explain it in layman’s terms? (1)
If nothing is backing the coin, what enforces its price? (1)
How long are coins frozen for, and what enforces this rule? (1)
Are all Dynamic Peg votes considered equal? (1)
How often do votes change the supply liquidity? (1)
How does the Dynamic Peg affect BitBay’s DDE contracts? (1)
Does the Dynamic Peg make BitBay a “stablecoin”? (1)
How to update the Client and/or QT wallet to the latest version (1)
How does the Dynamic Peg affect spending? What if there is a reorganization? (1)
If I voluntarily freeze my coins for 1 or 4 months, will the earned stake rewards be frozen for the same amount of time? (1)
What if I accidentally send in the wrong vote? Can I go back and change it? (1)
Why are my buy & sell order amounts changing for BAY and BAYR? (1)
Are the reserve coins (BAYR) timelocked for a month between each trade on an exchange? Or does does the timelock only occur when moving tokens on/off the exchange? (1)
What happens if my BAY freezes while in the middle of a BitBay contract? (1)
Who provides the capital to maintain the peg’s exchange rate? How are they compensated (1)