Review on Single Collateral DAI by LUIS RIVERO R
DAI, really a stablecoin?
It is one of the stable cryptocurrencies in its price, its main guarantee in the market is the company that supports it as it is Maker dao and its innovation characteristics, it is established 1 to 1 with the American dollar, however it does not have support actual amount of DAI issued with dollars in physical. In spite of the aforementioned, it is important to highlight that it has a highly trained development team committed to services related to blockchain and its active star Maker MKR. Each of the tokens are backed with smart etherium-based contracts, keeping our investments stable. The acquisition process is very simple through the internal exchange, although only your purchase with etherium is available, if you want to make purchases with other assets you must enter any exchange where this listing.
Updated 5 years ago
Rating has not been changed
It is possible to monitor as independent of the support of the funds in the Dai platform. However the voting procedure to choose how they will be backed up is through the platform managed by maker. despite being supported and its dollar pair is a bit difficult to change Dai for Usd, I believe that there are currently other alternatives with more competitive options when switching to Fiat.
Pros
- Stable asset without maximum price variation.
- Credit possibilities, certain conditions apply.
- variation 1 to 1 US dollar.
- Possibility of acquiring goods and services.
- Decrease in loss related to operability.
- Low volatility
- It is possible to send them anywhere in the world while maintaining their value.
Cons
- It is not backed with real dollars.
- Not possible to buy with fiat directly.
- Listed in some unreliable exchanges.
