Dai (DAI)

Stablecoin that should stay at the value of 1 USD

#59

Marketcap Ranking

1.010265 (0.63%) arrow_drop_up

Market Price (24h change)

122,178,147

Total Market Cap

3.2

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info_outline What is Dai

4.4

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Dai 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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Dai Explanation 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

build Dai Product Analysis

4.6

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Dai 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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Dai 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.

  • 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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Dai 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 Not mineable, while the underlying algorithm is called None.
In the current state of Dai currently is Working product

group Dai Community Analysis

2.6

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Dai 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 13,160 Subscribers
directions_run 329 Active Users
create 4 Daily Posts
speaker_notes 25 Daily Comments
linkOpen Subreddit

view_list Telegram: Contact @MakerdaoMKR Channel
person Members
directions_run Online
linkOpen in Telegram

Official Twitter account for Dai

view_list @MakerDAO Channel
person 43,147 Followers
05.22.2020
16:01
The Maker Foundation Interim Governance Facilitator has placed an Executive Vote proposal into the voting system to: 🔢Change the Stability Fee Structure to allow a negative Base Rate ⬆️Raise the USDC Stability Fee from 0% to 0.75% Read more: https://t.co/097pSUwlxN 26 favorite

There are no events for Dai in the next 3 Months

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Dai Google Trends


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 Dai Development Analysis

3.4

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Dai 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 280 Stars
remove_red_eye 36 Watchers
usb 110 Forks
sync_problem 12 Open Issues
border_color 0.13 % Comment Coverage
lock_open GNU Affero G License

attach_money Dai Price Analysis

2.3

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Dai Price Prediction

$ 0.999781 (-1.08%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 0.986035 (-2.44%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

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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 Dai Team Analysis

4.8

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Dai Team

Dai Team 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 Dai Exchanges

Dai Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Coinbase Pro DAI/USD $ 1.003875 $ 582,482 check
# 2 Coinbase Pro DAI/USDC $ 1.005292 $ 190,747 check
# 3 Coinbase Pro DAI/ETH $ 1.005965 $ 79,361 check
# 4 Kraken DAI/USD $ 1.003820 $ 36,282 check
# 5 Bitfinex DAI/USD $ 1.006700 $ 33,321 check
# 6 Kraken DAI/EUR $ 1.004220 $ 28,745 check
# 7 Kraken DAI/USDT $ 1.005567 $ 22,826 check
# 8 Bittrex DAI/BTC $ 1.004491 $ 13,451 check
# 9 Kraken DAI/BTC $ 1.004572 $ 12,490 check
# 10 Bittrex DAI/USDT $ 1.012710 $ 9,009 check

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