According to the project team, BitBay is the world's first peer-to-peer decentralized shopping platform.
Since 2014, everything from household items to real estate has been bought and sold using the BitBay marketplace, all without the involvement of any third parties. BitBay also includes a protocol-level value protection feature called Dynamic Peg. With this flexible liquidity control system, BAY serves as a medium of exchange and store of value for investors. The Dynamic Peg is a decentralized system, insecure by activity and, above all, democratic. It aims to reduce volatility, without anchoring the price at any point.