BitBay Community Update — 14th January 2019

2019 is already proving to be a busy year so far and the release of our latest roadmap shows exactly what our focus is for the short-term: the Dynamic Peg and web marketplace beta. The new roadmap was announced last week and we’ve made some changes that better align the public roadmap to our internal development workflow. Building ground-breaking and market-leading products requires a flexible team and agile processes — our new roadmap is a better reflection of this methodology.

The new BitBay roadmap

We are currently discussing the listing of BitBay ($BAY) on some new exchanges that will help increase our exposure in new markets, specifically in China and India. Despite the current bear market we are continuing to pursue new opportunities and developing partnerships with reputable exchanges that will support the upcoming ‘Dynamic Peg’ release and subsequent hard-fork. We’ll announce new listings as soon as they are confirmed via our telegram and social media channels so be sure to join us there.

Product Updates

The Web Marketplace

Last week was a very busy week for our WMP (web marketplace) dev team, with lots of new features rolled out for our QA team to test and review.

Last week our devs worked on:

• new item listing form and front-end user workflow 90% completed including new drafts/published statuses
• completed the integration of Sendgrid for marketplace email notifications
• completed the ‘unique nickname’ feature in the profile page
• added password protection for viewing sensitive wallet info with auto-locking feature

Auto-locking feature and password unlock for sensitive wallet information

This week the WMP team will be focusing on:

• improving the image upload workflow process for listing new items
• improving the in-page notifications system for user feedback
• completing the item listing workflow including improved ‘draft item’ status
• smart contract and Double Deposit Escrow coding and testing (ongoing)
• display a list of all ‘items for sale’ in the user’s dashboard with status indicators

The Dynamic Peg

The integration of the Dynamic Peg into our demo exchange (a custom version of the upcoming Bayex.io exchange) is progressing and continues to keep our devs’ schedules jam-packed with research, coding and testing.

Our lead dev David Zimbeck continues to provide valuable feedback and guidance to our full-time dev team.

Last week the team worked on:

• updating the UI styling for desktop screens — 80% complete
• testing user wallets and BitHalo API calls
• defining and documenting security protocols required for BitHalo API
• improving the charts modules and fixed some small bugs with fee calculations

This week’s work will include:

• ongoing implementation of the peg with user addresses and BitHalo API calls
• defining dev workflow and planning for Python to C++ conversion after the initial Python-based testing has finished
• the team is still negotiating listings with exchanges while the peg development continues

** The above lists are presented as a brief overview and are not exhaustive — there are also many smaller tasks being worked on.

Marketing and Analytics

Our design and marketing teams have finished the first version of our new sales deck for the Dynamic Peg. This PDF brochure introduces the peg as a brand-new stability mechanism for cryptocurrency that:

• offers risk protection from stablecoin insolvency (no need for fiat reserves or audits)
• is highly adaptable, offering robust security against extreme demand swings or black swan events
• allows investors to earn higher stake rewards for sub-premium (reserve) and frozen coins
• serves as a profitable hedge during bear market cycles

The front cover of the Dynamic Peg brochure

The brochure is currently being translated into multiple languages and will be used to introduce the peg to exchanges that list $BAY, now or in the near future. We’ll be sharing the final PDF via social media channels later this week.

The BitBay website attracted almost 1000 new users last week and our social media output continued its strong performance despite the current bear market. One of our latest blog posts “How to Make Stronger Business Contracts with Decentralized Escrow” was included in the latest Stable Report newsletter and our own newsletter “This was 2018” reached over 2k subscribers.

That’s all for this week but remember to keep up to date with all our news via Twitter, Facebook and join the conversation on Telegram. And as always, if you have any feedback, feel free to contact us or post a comment below.

Until next week,

Shorn Keld
Project Manager