Hello My friends today i am going to tell you small info about DAI coin, MakerDAO is the developer of DAIcoin.
The Dai coin lunched on Dec 18, 2017.
Dai may be a suburbanized crypto currency stable against the worth of the U.S. dollar. … in contrast to different common stable coins whose price is backed directly by USD, it’s backed by crypto collateral which will be viewed public-ally on the Ethereum blockchain.
The TRFM is Associate in Nursing automatic mechanism that the Dai Stablecoin System employs so as to keep up stability. The Target worth of one Dai is $1 USD, that the Target Rate determines the required amendment of worth of Dai over time so as to achieve the Target worth throughout a market swing.
Dai (DAI) is a cryptocurrency token issued on the Ethereum platform. Dai (DAI) price for today is $1.01 with a 24-hour trading volume of $16,541,160. Price is up 0.2% in the last 24 hours. It has a circulating supply of 86.5 Million coins and a max supply of 86.5 Million coins.
Price Today $1.02
Market Cap $91,889,641
24 Hour Trading Vol $4,244,881