|Brief||Dai is an asset-backed, hard currency for the 21st century. The first decentralized stablecoin on the Ethereum blockchain. With Dai, anyone, anywhere has the freedom to choose a money they can place their confidence in.|
|Last updated:||Monday, August 19, 2019 3:58:07PM UTC|
|Current price, USD:||1.001|
|Current price, BTC:||0.0000937|
|Market capitalization, USD:||78 531 006|
|Available supply:||78 455 885 DAI|
|Volume 24 hours, USD:||17 703 613|
General DAI facts, technical details and general information about Dai crypto currency
Dai is an asset-backed, hard currency for the 21st century. The first decentralized stablecoin on the Ethereum blockchain. With Dai, anyone, anywhere has the freedom to choose a money they can place their confidence in. A money that maintains its purchasing power. Dai is a reliable source of stability in the face of volatility. Every Dai is backed in excess by collateral at all times, so you never have to worry about its value moving up or down.
We list daily Dai historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Aug 10||0.997||0.99||1.001||78 215 909|
|Aug 11||0.999||0.998||1.004||78 541 398|
|Aug 12||0.995||0.995||1.002||78 330 634|
|Aug 13||1.000||0.994||1.004||79 013 991|
|Aug 14||1.003||0.969||1.006||78 965 425|
|Aug 15||1.008||0.999||1.015||78 331 525|
|Aug 16||1.004||0.995||1.013||78 652 205|
|Aug 17||1.003||0.993||1.008||78 538 736|
|Aug 18||1.002||0.997||1.013||78 383 172|
|Aug 19||1.003||1.001||1.012||78 531 006|
|DAI price change 24 hours||-0.31%|
|DAI price change 7 days||0.07%|
Can it be anymore obvious that we need DAI more than ever? The Tether scandal is just another reason why USDT needs to finally become extinct and DAI needs to become a de-facto stable coin for ERC-20 tokens. It no longer makes any sense that we keep falling for the tricks of USDT and Bitfinex, while the rest of us get affected by falling prices. Stable coins are actually necessary in crypto, and DAI is our best bet.
DAI is still the top stable coin. Who needs anything else once you've got DAI? It's obvious that it's going to take over the majority of the market since you can do leverage trades on it. Just wait for the next bull run, it's going to be fun watching DAIs use go through the roof.
MKR and DAI have to be cryptos last hope. Besides bitcoin, what really hold value in this market? Nothing is able to hold consistent value besides stable coin projects like DAI. Bitcoin makes sense because it was first to market, and DAI is a transfer of stable value that never actually fluctuates. It makes no sense to use any other coins because they are really just subcriptions to platforms. This is why we've seen -97% drops in the majority of the market. I'm not saying DAI is invincible, but it does show that it's not going anywhere since huge amounts of money flow in and out of DAI contracts.
Ok, DAI is amazing. I just colaterized ETH to to margin trade and it's been working perfectly. DAI makes much more sense as a stable coin and I hope more people become aware of its use case. I'm in no hurry though, I know a successful project when I see one. DAI is going to become an integral part of the Ethereum ecosystem as it expands.
The main difference between DAI and Tether is the complete transparency of the system. On the main terminal (dashboard, you need Mist or Chrome / Firefox browser with Metamask extension installed and enabled) dai.makerdao.com you can see all system status in real time: the PETH pool, the amount of issued and deleted DAI, as well as the security level of the system at the moment, expressed in excess of the deposit over the amount of the issued DAI. At the time of this writing, the pledge amounts to 406% of the amount of the issued DAI (this value is a consequence of the collapse, many holders of pledge positions preferred to be safe). The minimum allowable security threshold is 150% over the amount of emitted tokens.
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