BitBay is a Proof of Stake cryptocurrency with a 1% APY in staking rewards. BitBay provides many additional tools like smart-contract capabilities, an in-wallet decentralized e-commerce platform, "Pay-to-Email" transactions, asset pegging and more.

Distribution of funds:

- 33% of dev fund at completion of ICO / delivery of initial wallet. (This threshold has been met.)
- 33% of dev fund at btc at delivery of wallet with integrated smart contracts (Dec. 5th, 2014)
- 33% of dev fund at delivery of our decentralized marketplace (1st quarter 2015)
-  Remaining balance of funds after 60 days of stable marketplace performance. At this time the BitBay team will also be releasing their Phase 2 road map.

Bonus structure:

252-264 satoshi -Day 1
264-276 satoshi -Day 2
276-288 satoshi -Day 3
288-300 satoshi -Day 4
300        satoshi -Day 5

More info