David is currently hard at work writing the code for exchanges and when it is completed we will begin the exchange testing. Once this testing phase is completed our team will produce detailed reports that will be shared with our current exchange partners and the BitBay community to show the many benefits of the Dynamic Peg for traders, exchanges and investors.

Help shape the future of BitBay

This month also sees the launch of our new Community Projects Initiative. The community behind BitBay is what makes it so unique in the crypto-sphere and we want to enable everyone to have an input in shaping the future of BitBay as we head into 2019.

All our community members are invited to submit their ideas and suggestions to:

enhance the BitBay ecosystem

increase adoption of BAY as a stable currency

build real-world products and solutions

contribute to the BitBay source code

The community will be able to vote on every proposal that is submitted via the BitBay forum.

We are also excited to announce the Community Projects Initiative will have its own dedicated fund enabling the community to reward the projects with a total of 250,000 BAY available over a 12 month period, from January to December 2019.

Contributions that gain enough votes will be advanced to a second round where they are rated by the community and core team based on factors such as the concept, code quality, ease-of-use, adoption process etc. We’ll have more details about this rating process before we launch the dedicated ‘BitBay Community Website’ in December.

And much more to come…

November is another very busy month for our team with updates to the Web Marketplace Alpha (browse and search marketplace items), the launch of the new custom block explorer, and a partnership announcement with a P2P project for mobile devices.

Our development team will also start work on the integration of BitBay with the Ledger ‘Nano’ platform. Our developers have previous experience with Ledger integration and we are confident that Ledger will see the benefits of adding BitBay to their platform.

That’s all for now, but I’ll be back next week with an update on progress and more details about our Community Projects Initiative and other roadmap items.

A very big thank you to our growing community for your support as always.

Shorn Keld

Project Manager @ BitBay