Coinstore Lists DAI/USDT Trading Pair

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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