Seed nodes were down, so then a couple people got out of sync. That's why, things seem okay now.

Update from LAToken on the Peg (copied from Slack Channel):

From latoken:

“Hello, we plan to finish main part tomorrow till the evening, so you can do deposit, make trades, automatically cancel your orders if peg will change and your new balance will be smaller than order amount. Maybe will work withdrawals, but not sure, anyway we can do it fast. So on Monday (or may be tomorrow) i think we can test it and we will do workaround some corner cases.”


 

Sure thing, will do!

Also, here is the BAY testnet chart:
https://bitbaymarket.github.io/ratedb-testnet/

Should be interesting to watch this over the next few weeks as they perform test trades etc.

That is correct, the chart is fixed at a 2-week time scale. Looks like they pumped the testnet price to $177 per BAY last night!  

Good question... hard to tell what specific tests they are doing.
The floor price follows behind with a 3-day lag and is based off of an algo.


Also, just got word that BitBay team members are now participating in LAToken's test environment! This is yet another big step towards the Dynamic Peg's initial release! Just have to get this thing thoroughly tested, then it's game time.

No worries at all.  
Yep, the floor follows both price of BTC and BAY.
The initial floor, upon peg release, will start at 1/100,000 of BTC's all-time-high which ends up being $.20 USD.
If/when the price of BAY or BTC reaches 3x the initial floor price and stays there for 3 consecutive days, then the floor automatically increases by a factor of 1.5x.
Keep in mind that this floor only effect things if the "Algorithm" voting option wins consensus. Also, good to remember that there are 7 voting sessions per day.

Here is a little animated .gif that illustrates the Algo/Floor movement:
https://imgur.com/a/mBMZv5n

Don't have a specific date for the peg release yet, but we are getting very close now.  
Will post the countdown here as soon as one is established.

Thanks for posting the .gif; very informative!!

A start price of $0.20 USD is awesome; I was expecting somewhere around 5-10 cents, and I would have been content with that.

Looking forward to your 'countdown'  .  That should be fun.

It would be really great if the BAY team//Latoken could get the live peg up and running by 25/12/2019; that would be the best Christmas present I ever had!!   

 

(From D. Zimbeck 10-08-2019 - "*Bay has been around for 5 years, and is one of the most developed projects in the industry. All it takes is for someone to look at github and the 50k lines of original code in Halo to know that. BitHalo and BitBay were the first smart contracts, a year before Ethereum. Although they are different because this project uses double deposit escrow. And that doesn't even get started on the peg.")

So - What is Bit Bay?
(From the BitBay Dynamic Peg Overview)

BitBay is the *World’s first peer-to-peer, decentralized contracting platform.
Everything from household items to real estate have been bought and sold using BitBay’s marketplace, all without any third-party involvement.

We are proud to announce a brand new method of price control for BitBay (BAY), one that has yet to be seen in the stablecoin industry.
It’s called the Dynamic Peg. With this system of liquidity control, BAY now serves as both a store of value, and a medium of exchange for users. It stimulates organic trading volume, increases potential profit for investors, and creates price stability for our p2p marketplace.

It is purely decentralized, non asset-backed and most importantly, a democratic system. The Dynamic Peg reduces volatility, without anchoring the price to any one point. Through a secure Proof of Stake 3.0 voting mechanism, stakers can now collectively adjust the liquidity of BAY’s total supply. This creates three balances for users: Liquid, Reserve and Frozen...

To learn more go to:
https://bitbay.market/downloads/bitbay-dynamic-peg-intro.pdf and https://bitbay.market/decentralized-marketplace

SIDE NOTE:
Not being on major exchanges at this point in time while the peg is being implemented (Exchange(s) that host BAY need to be programmed for it!), might be the best thing that ever happened to BAY. And, for those of us that are early investors, when BAY relaunches on an exchange at $0.20 - BOOM!
All the pain will have been worth it!  Cheers!!! - Doc

Yep that's correct, the ratedb chart is showing the dynamic peg testnet price, which is now running through LAToken's trading engine. Any trading tests that LAToken does should show up as price movements here.

The Dynamic Peg website domain has changed to https://ych.lynxline.com/.
This is where a new exchange is being built/tested for BAY's dynamic peg in addition to it being hosted on LAToken.

is it possible to get listed on any of these exchanges?
https://fuk.io/no-kyc-exchanges-list/