BitBay Price Prediction 2018, BitBay Forecast and Price Charts – When to buy BitBay? What is the BitBay price today? BitBay Forecast, Short term and Long term Price Predictions for Next Months and Year: 2018, 2019 and 2020.
BITBAY (BAY) PRICE PREDICTION 2018
BitBay is a goods and services marketplaces built on to of blockchain technology. As of 8-3-2018, the price of BITBAY stands at $0.05883 USD. You will get 1699.81 BITBAY tokens for your 100$ investment. We are expecting a long-term price increase based on our forecasts. The five-year prognosis places BITBAY at 0.221 USD. The price today is $0.05890. There are 1,010,076,886 BITBAY‘s out there and the market cap is $59,418,884. The trading volume is at $296,854. BITBAY price prediction, BitBay price forecast, BITBAY price and news, BITBAY price forecast, BITBAY price prediction 2018, What is the price of BITBAY 2018.
WHAT IS BITBAY (BAY)?
BitBay works more like the normal e-commerce websites like Amazon or eBay. It offers secure and private transactions between peers without the need of a middleman. It also supports escrows further enhancing security. The platform enables one-to-one digital transactions at scale to the user. It makes use of a number of technologies like double deposit escrow and dynamic price pegging to achieve its goals.
BITBAY (BAY): HISTORY
BitBays started off its development in 2014 by Sylwester Suszek who also serves as the CEO. The original investors abandoned the project after a few months but the developer still carried on the work and the second version of the project went live in 2015. It had a better exchange mechanism and added more currencies. The third version took around a year and a half to fully be developed and was released in 2017.
HOW DOES BITBAY (BAY) WORK?
BitBay behaves much like its normal counterparts. Users set up a smart contract when they are ready to buy or sell. This transaction is carried out with a double escrow to ensure accountability and easier settlement of disputes. The price of the bAY token is dynamically pegged meaning its supplied varies dynamically in a way to ensure the price of the coin stays flat. There are also support for multi-signature wallets, Tor and other proxy integrations and more to ensure maximum security.
HOW TO BUY BITBAY (BAY)?
BitBay is listed on a number of exchanges but cannot be bought directly using fiat cash/credit cards. You have the choice between Cryptopia, Changelly or Bittrex. Once you have an account and has either BTC/ETH with you (check here and here to know how to buy BTC/ETH). Then deposit the amount you have in BTC/ETH to the exchange account and then exchange it for BAY tokens and store it in the official wallet.