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Dai (DAI)

stablecoin
eth token
#57

Marketcap Ranking

1.008144 (0.23%) arrow_drop_up

Market Price (24h change)

88,952,489

Total Market Cap

3.7

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info_outline What is Dai

3.7

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Short Description

The​ ​Dai​ ​Stablecoin​ ​is​ ​a​ ​collateral-backed​ ​cryptocurrency​ ​whose​ ​value​ ​is​ ​stable​ ​relative​ ​to​ ​the US​ ​Dollar.​ ​We​ ​believe​ ​that​ ​stable​ ​digital​ ​assets​ ​like​ ​Dai​ ​Stablecoin​ ​are​ ​essential​ ​to​ ​realizing the​ ​full​ ​potential​ ​of​ ​blockchain​ ​technology

Maker​ ​is​ ​a​ ​smart​ ​contract​ ​platform​ ​on​ ​Ethereum​ ​that​ ​backs​ ​and​ ​stabilizes​ ​the​ ​value​ ​of​ ​Dai through​ ​a​ ​dynamic​ ​system​ ​of​ ​Collateralized​ ​Debt​ ​Positions​ ​(CDPs),​ ​autonomous​ ​feedback mechanisms,​ ​and​ ​appropriately​ ​incentivized​ ​external​ ​actors

Maker​ ​enables​ ​anyone​ ​to​ ​leverage​ ​their​ ​Ethereum​ ​assets​ ​to​ ​generate​ ​Dai​ ​on​ ​the​ ​Maker Platform.​ ​Once​ ​generated,​ ​Dai​ ​can​ ​be​ ​used​ ​in​ ​the​ ​same​ ​manner​ ​as​ ​any​ ​other cryptocurrency:​ ​it​ ​can​ ​be​ ​freely​ ​sent​ ​to​ ​others,​ ​used​ ​as​ ​payments​ ​for​ ​goods​ ​and​ ​services,​ ​or held​ ​as​ ​long​ ​term​ ​savings.​ ​Importantly,​ ​the​ ​generation​ ​of​ ​Dai​ ​also​ ​creates​ ​the​ ​components needed​ ​for​ ​a​ ​robust​ ​decentralized​ ​margin​ ​trading​ ​platform.

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Introduction Video

Money MakerDao Machine. Don’t Miss This Opportunity!! CDP Loan Tutorial: Borrow Dai Stablecoin | Chico Crypto

The GAME CHANGING project known as MakerDAO is running full steam ahead and today I am bringing you a tutorial on how to participate in the system by ...

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Screenshot from Website

www.makerdao.com
DAI Websitemore_vert

Visit Webpage

Website Informationclose

Organization: Whois Privacy Service
Name: On behalf of makerdao.com owner
Country: US
City: Seattle
Zipcode: 98108-1226
Address: P.O. Box 81226
Mail: registrar-abuse@amazon.com
Creation date: 2015-03-17
Expiration date: 2021-03-17
Nameserver: GUY.NS.CLOUDFLARE.COM

attach_money Product Analysis

4.4

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Whitepaper

Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.


The whitepaper of Dai is 21 Pages long.

The most influencial keywords are: Collateralized, Market, Price, Pricing, Debt, Risk, Platform, User, Governance, and Governments.

file_downloadOpen Whitepaper
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Close Competitors

  • 1.) Tether

    Tether (USDT) is a cryptocurrency with reference to fiat currencies that is issued by Tether Limited Company. Using the technology of Blockchain, Tether allows the users to keep, send and receive digital tokens pegged to dollars, euros and yens*. *1USDT =/= 1USD - according to ToS (Terms-of-service) of Tether Limited Company - Tether tokens are not money, although they are backed by the currency used to purchase them at issuance. Currently Tether operates on a several blockchain platforms: Omni, Ethereum, TRON, Algorand, EOS.

  • 2.) TrueUSD

    TrueUSD claim to be a stablecoin that you can redeem 1-for-1 for US dollars.

  • 3.) Digix Gold Token

    Every DGX = 1 Gram of gold. You can own, save and transact Gold in tokenised form - keeping secure private ownership of your digital assets.

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Product analysis

Dai was founded back in December 2017. Its source code was released publicly on github on November 2017 under the GNU Affero General Public License v3.0 license.
Organization wise, Dais Development is Centralized and is being developed under the lead of Georgi Georgiev.

The consensus on which the Dai network is run is called POW, while the underlying algorithm is called Ethash.
In the current state of Dai currently is Working product

group Community Analysis

3.0

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Communities & Events

Learn more about Maker, chat with the team, and have your say in shaping the future of commerce on the blockchain.

view_list r/makerDAO Subreddit
person 9,629 Subscribers
directions_run 269 Active Users
create 7 Daily Posts
speaker_notes 31 Daily Comments
linkOpen Subreddit

The channel for discussion on all things Stablecoins.

view_list Stablecoins Channel
person 429 Members
directions_run 20 Online
linkOpen in Telegram

Official Twitter account for Dai

view_list @MakerDAO Channel
person 33,199 Followers
11.22.2019
17:02		 The Maker Foundation Interim Risk Team has placed an Executive Vote proposal into the voting system to lower the Sai Stability Fee to 4%. The Executive Vote is now live at https://t.co/g9vSgxm089 More info below: https://t.co/8PmBJE5bV6 #VoteOrDAI 15 favorite
11.21.2019
17:04		 Another great tutorial from @ChrisBlec! See how to get started with DSR 👇 https://t.co/Z8bJwfGdDB 38 favorite
11.19.2019
18:27		 The Maker Protocol is like the Rolex watch of smart contract systems. ⌚️ Check out https://t.co/Kve7lBTWRT to explore the technical details in-depth. https://t.co/5HlsKvW4q2 62 favorite
11.19.2019
17:45		 Some stats from the first ~24 hours: 7.4 million #Dai supply 96% ETH, 3% BAT, 1 % SAI 623k Dai in Dai Savings Rate (DSR) 826 Vaults opened 4k Dai paid in Stability Fees 364k Dai in @UniswapExchange 10 liquidations! 92 favorite
11.18.2019
20:12		 You vs. the Dai she tells you not to worry about. https://t.co/LFKFlEeulH 116 favorite
11.18.2019
18:38		 "@Reuters spoke to five users in cities across the country, who said Dai offered a chance to protect their savings against the peso’s falling value." 🇦🇷 https://t.co/whSQyuTLdF 71 favorite
11.18.2019
18:06		 In the first two hours, 1 million #Dai has already been migrated! https://t.co/36vcE6Sykc 123 favorite
linkOpen Twitter

There are no events for Dai in the next 3 Months

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Google Trends Analysis


The Google Trends chart displays the search interest on google in Dai relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

3.8

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Github Analysis

Code Updates (Commits)


Every change to the codebase of Dai is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 227 Stars
remove_red_eye 29 Watchers
usb 88 Forks
sync_problem 11 Open Issues
border_color 0.14 % Comment Coverage
lock_open GNU Affero G License
linkOpen Github

attach_money Price Analysis

4.0

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Price Prediction

$ 1.014626 (-0.02%) arrow_drop_down

Predicted USD Market Price in 24h

$ 1.014526 (-0.03%) arrow_drop_down

Predicted USD Market Price in 14d

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Converter DAI - USD

Convert between DAI and USD with the live Dai prices, aggregated from all big exchanges that trade Dai.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.4

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Team

Lead

Unknown -
It is not exactly clear who is the main driving force behind Dai.


supervisor_accountSocial Network Links

    Members (36)

    Georgi Georgiev

    Developer

      David Currin

      Product architect

        launch

        Rune Christensen

        Ceo

        launch

        Andy Milenius

        Cto

        launch

        Matt Richards

        President

        launch

        Nikolai Mushegian

        Chief scientist (nchain)

        launch

        Soren Peter Nielsen

        Head of product

        launch

        Greg Diprisco

        Business development lead

        launch

        Coulter Mulligan

        Head of marketing

        launch

        Jacek Czarnecki

        General counsel

        launch

        Chris Padovano

        Company counsel

        James Reidy

        Sysadmin and liquidity developer

          compare_arrows Exchanges

          Markets

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          # Exchange Pair Price 24h Volume Trusted
          # 1 Bitfinex DAI/ETH $ 1.025657 $ 142,724 check
          # 2 Bitfinex DAI/USD $ 1.018000 $ 50,395 check
          # 3 Bitfinex DAI/BTC $ 1.013260 $ 13,427 check
          # 4 Bitfinex DAI/MKR $ 0.998352 $ 1,080 check
          # 5 Bitfinex DAI/ZRX $ 0.712870 $ 11 check
          # 6 Bitfinex DAI/OMG $ 1.323551 $ 3 check
          # 7 Coinbase Pro DAI/USDC $ 1.012972 $ 6,109,926 check
          # 8 Coinbase Pro DAI/ETH $ 1.015794 $ 534,003 check
          # 9 Kraken DAI/USD $ 1.009680 $ 130,334 check
          # 10 Kraken DAI/ETH $ 1.047286 $ 115,420 check

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