Review on Dai by Killer Bean
DAI the stablecoin...
Dai is an Ethereum based token that has a stable value 1USD. In other words, it is a stable ethereum token. It was created in 2014. It is a coin not owned by any government body/ agent hence I can't be manipulated by anybody. It is a decentralized cryptocurrency that was built on Ethereum blockchain. It is a very good cryptocurrency when talking about transparency, when it comes to transparency, Dai doesn't mess with users transactions and privacy. It is a trustworthy platform with fair liquidity. With its present market cap, Dai is ranked among the top thirty cryptocurrencies. Dai's token can be gotten from platforms like Kraken, Kucoin, Radar relay, Bitfinex and a bunch of others. It is not a totally liquid coin as only few exchange platfroms trade it.
Transferring Dai is very easy and secure as far it is issued on ethereum blockchain. Since it is pegged at 1:1 with the USD, It makes it a stablecoin. Dai tokens can be stored on Ledger or Trezor One depending on your taste (they're both hardware wallets). I will recommend this platform for any investor or trader that needs bountiful profit over a
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Pros
- It is stable coin
- it cannot be influenced by any government
Cons
- It's fairly liquid
- it is not popular cryptocurrency
