Review on Dai by Amos joseph

Name: Dai
Item: Dai
Rating: 4

October 28, 2020

DAI

One important aspect I love in the crypto space is the introduction of stable coin which has improve and stabilize price regulation in the crypto community.
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Dai is a stable coin base on ethereum network an ERC20 token which is ratio 1:1 with normal USD one dai is equivalent to one USD.
due to high market liquidity in crypto currency the use of stable coin is to help prevent the loss of users crypto asset.
this in turn is not only of advantage to traders but also investors can use this ample opportunity to control and maintain a stable crypto asset.
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Dai support fast transaction being an ethereum base token makes it much easier to be listed and traded on multiple exchange platform compatible on multiple wallet for convenient storage.
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