What is Dai?

[CryptoLover21 0]

I have heard about the DAI cryptocurrency but I haven't invest in it this coin. But only thing I known about this coin is it is ethereum based coin and it is decentralized stable coin.

[Omar Ommeish 4872]

Yes, DAI is a stable currency present in the trading markets, but the problem is that it is not popular and many traders do not trade with it.

[Ndayebo8 0]

@Omar OmmeishI know of the Dai coin as for it existence in yobit it has low volume compared to some other coins in the crypto market

[TimopheyKa 3900]

If you invest in digital assets, a certain part of the investment is lost due to the high volatility of assets.  If you convert crypto to fiat money and vice versa, you can lose a lot of money on commissions.  DAI is the ideal tool for capturing revenue.  With this coin, funds are simply frozen in a crypto coin, which will not change much in value.

 The stability of the DAI cryptocurrency is ensured not only by pegging to the dollar.  This coin is powered by CDPs technology and smart contracts.  DAI is issued through ETH tokens and the creation of collateral positions.  After DAI is released, the user can use it like any other cryptocurrency

[CryptoDemon 370]

On 2/22/2020 at 9:22 PM, Muhammad ayyan said:

DAi is a decentralized stable coin running on the ethereum blockchain. It aims to be always worth one us dollar. we can use them instead of US dollar. It has less fee then us dollar.

If you find my post helpful just hit a love reaction.

DAi can have a good potential but we also need to put our attention to it so that we can make it work. If DAi improves a lot, a lot of crypto users will surely use it too.