Fellow Coinstorers,
Coinstore will list DAI(Dai) and open DAI/USDT trading pair.
Details are as follows：
Total supply: 4,646,423,694
Total circulation supply: 4,646,423,694
Official Website: http://www.makerdao.com/
Block Explorer: https://etherscan.io/token/0x6b175474e89094c44da98b954eedeac495271d0f
Introduction:
DAI is an Ethereum-based stablecoin (stable-price cryptocurrency) whose issuance and development is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization.
The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart-contract vaults every time new DAI is minted.
It is important to differentiate between Multi-Collateral DAI and Single-Collateral DAI (SAI), an earlier version of the token that could only be collateralized by a single cryptocurrency; SAI also doesn’t support the DAI Savings Rate, which allows users to earn savings by holding DAI tokens.
Multi-Collateral DAI was launched in November 2019.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Team
6th July, 2023
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