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Dai (DAI) Statistics

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Dai

DAI

1.01824639
Price (USD)
-0.32%
24h Change
0.00031712
Price (BTC)

Cryptocurrency Information

All-Time High USD
1.0943
Since All-Time High Change
-8.39%
All-Time High Date
2018-01-04

Marketcap (BTC)
17,200.48503794
Marketcap (USD)
55,227,909.77

24h Volume (USD)
228,696.20

7d Change
2.42%
14d Change
0.93%
30d Change
0.46%

Circulating Supply
54,239,879
Total Supply
54,239,879

Influence Statistics

Alexa Rank
133122
Facebook Likes
0
Twitter Followers
17467

What is Dai?

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be trusted. Dai lives entirely within the Ethereum blockchain using smart contracts.

*Features of Dai:
1. Dai is always worth $1 USD each
2. It can be freely traded like any other ERC20 token
3. Anyone with an Ethereum wallet can own, accept, and transfer it
4. It can be exchanged without any middleman
5. No individual person or company has control over it
6. No government or authority can shut it down

*How Dai Works?
Dai is a masterpiece of game theory that carefully balances economic incentives in the pursuit of one goal — a token that is continuously approaching the value of $1 USD.

When Dai is worth above $1, mechanisms work to decrease the price. When Dai is worth below $1, mechanisms work to increase the price. The rational actors that take part in these mechanisms do so because they earn money anytime Dai is not perfectly worth $1. This is why Dai is always floating slightly above or below $1 — it is an endless wave function bouncing infinitely close to $1, but never quite achieving it. The farther Dai goes from $1, the more incentive there is to fix it. This is the magic of Dai.

*How is Dai Created?
Dai is simply a loan against Ethereum. By using the MakerDAO dApp, advanced users can take loans out in Dai against their ETH holdings.

First, ETH is turned into “wrapped ETH” (WETH), which is simply an ERC20 wrapping around ETH. This “tokenizes” ETH so it can be used like any other ERC20 token. Next, WETH is turned into “pooled ETH” (PETH), which means it joins a large pool of Ethereum that is the collateral for all Dai created. Once you have PETH, you can create a “collateralized debt position” (CDP), which locks up your PETH and allows you to draw Dai against your collateral, which is PETH. As you draw out Dai, the ratio of debt in the CDP increases. There is a debt limit that sets a maximum amount of Dai you can draw against your CDP. Once you have Dai, you can spend or trade it freely like any other ERC20 token.

*There are several important reasons why you would create Dai, despite the hassle:

1. You need a loan, and have an asset (ETH) to use as collateral for your loan

2. You believe ETH is going up in value. You can use your CDP to buy ETH on margin — you lock up your ETH in a CDP, draw Dai against it, use the Dai to buy more ETH on an exchange, and then use that ETH to further increase the size of your CDP. This can be accomplished without any third-party or centralized authority allowing you to do so — margin trading can be accomplished entirely on the blockchain.

3. The demand for Dai has driven the price above $1 USD. When this occurs, you can create Dai then immediately sell it on an exchange for greater than $1 USD. This is essentially free money, and is one of the mechanisms the Maker system uses to keep Dai pegged to $1 USD. Dai being worth over $1 USD encourages more Dai to be created.
These three reasons are enough to ensure that Dai is continually created.
ICO Overview

Alphabetically ordered ICOs


0
-----
0xcert

A
-----
AAT
Abulaba
Academia Lingu
Accounting Blockchain
ACESO
AcuteCoin
ADAB Solutions
Aenco
AgroTechFarm
Aigo
Alehub
Alfa Enzo
AligatoCoin
ALLCARE
AllSporter
ALLUXE
AlphaX
AMICORUM.LIVE
AntiHACK.me
Anubis
Apollo Septem
ArtPro
Assetereum
AtlantICO Network
Atlantis Blue
August 927
Aurum
AvailCom
AVINOC

B
-----
BandZ Network
Beat
BEATRIX
Betform
Bettium
Bidooh
BIGCHAIN
BIT.GAME
Bitdepositary
Bitfair
BitImage
BitScreener
BITXOXO
Blackbox
Block66
BlockBits
Blockchain Hotels
BlockGrain
Blockpass
Blockvest
Blue Whale
BolttCoin
Bond Film Platform
Bouncy Coin
BUILDERIUM
BunnyToken
Buying.com
BX.BET

C
-----
Cache
Capital Technologies and Research
Carboneum
CAREONCHAIN
CargoCoin
CargoConX
CarSmartt
Celes Chain
Celestial
Centive

C
-----
checkitsreal

C
-----
Chozun
Coinnec
Coinolix
CoinSeason
CoinSelf
Color
ContractVault
Cosmecoin
Coupit
Creator.ai
Cross Hedge
Cryptics
Cryptobuyer
Cryptocean
CryptoLeaf
CryptoMillionsLotto
Crypton VC
Cryptonic Universe
Cryptons Game
Cyber Capital Invest
CYBR
CYO

D
-----
Dacxi
Daox
DBXChain
Decentralized Accessible Content Chain
Deedcoin
DeStream
DINNGO
DNN
Dopameme
Dragonglass
DUCATUR

E
-----
ECOMI
Efir.io
EIPlatform
Electrominer
ENDO
Envoy
EpigenCare
Equitybase
ETH Travel
ExoLover
Extradecoin
EZ Exchange

F
-----
Fair Ninja
Fanfare
Fishcoin

G
-----
GAGAPAY NETWORK
Gastery
Geeba
Gemstra

G
-----
genEOS

G
-----
Gese
GGRocket
GigTricks
Global REIT
Globatalent
Globex SCI
GOeureka
Gold Bits Coin
GoldBox
Goldma
GOODWORK
Green Power Exchange
Greenblock Coin
GSTAR.AI

H
-----
HARA
HDCoin
Health FX

H
-----
healthbank

H
-----
HELIX Orange
HetaChain
HOMELEND
HomeMine
Humanscape
HybridBlock
HybridBlock

I
-----
ICST
IDGO
IDMoney
InfraCoins
INLOCK
Inmediate
Instoken
International Science Hub
Internet of Values
Invest in Brokers
Involve
IOTW
Irene Energy

J
-----
Jinbi
Joint Ventures
JOYS

K
-----
Kerberos
Kheper
KiMex
Krosscoin
Kryptoin
Kryptoro
KVANTOR

L
-----
LaborCrypto
LACCOIN
LAND LAYBY
Larecoin
LeadRex
LEDGIT
LICERIO
LiTeum
Lovar
LoveBlock.one
LOVR

M
-----
MAESTRO
MAKEAFOLIO
Mandala
MatchDiary
MB8Coin
Medipedia
Menlo One
MetaMorph.pro
MetaMorph.pro
MILC
Miner Edge
MOBU
Modern Finance Chain
Multiversum
MUXE
Mycro
MyCryptoBank

N
-----
N.exchange
NAi
Natmin
NurseToken

O
-----
Officium
Oneplus1
OpenBrix
Opiria
OptiToken
Opu Labs
Orbis
ORET

P
-----
Pantercon
Papusha
Parkres
PARQ
PaxPay
PayBlok
PAYERA
Paygine
Pearl Pay
Peoplewave
PEP Network
Phoneum
Pinmo
PlaceToRent
Planport
PlayChip
PORN X
Presale Ventures
Prime Shipping Foundation
Profede
Prontapay
Property Coin

Q
-----
Qravity

R
-----
RAD
Railz
RealtyReturns
RECORD Foundation
RedCab
Relative Strengthening Index Token
Republia
Review.Network
Root Blockchain

S
-----
Safe Haven
SAFE.AD
Sarf
Save Environment Token
SCAVO Technologies
Scienceroot
ServAdvisor
ShareRing
Sheikh
Silent
SISHUB
SIX.network
SLATE
Snapparazzi
SocialGood
Soundeon
Sports Ledger
SportsFix
Stacktical
Starflow
Stoxum
SUBAJ Global Network
SuchApp
SVPER
Syntera

T
-----
Tedchain
Terawatt
Ternion
The Freedom Coin
Ticko
Time Money
TIPO
Trecento Blockchain Capital
Trends Project
Triffic
TrigID
Tripago
Tripbit
Tripterium T50
TrustBar
TrustED
TrustVerse
Typerium

U
-----
UHive
UMKA

U
-----
unitalent

V
-----
Vanig
Varanida
Veetune
Vertex
VIAZ
Victorieum
VIDY
Vikky
Virtual Rehab
Virtual Universe
Vreo

W
-----
Whyral
Wiki token
WINIota
WMPRO
WULET

X
-----
X Block
XBrick
XRT Foundation

Y
-----
YAMZU
Yanu
YellowBetter
YINC
Yumerium