Review on Dai by Murat Mircalı
My DAI Review
DAI is decentralized fixed at $ 1,
It is a deposit backed cryptocurrency. Resistant to high inflation due to its low volatility, Dai offers monetary convenience and opportunities to everyone everywhere. Dai is kept in cryptocurrency wallets or platforms supported by Ethereum and different cryptocurrency applications. Dai is easy to create, use and access.
Users create Dai tokens by depositing collateral assets into Maker Vault in Maker Protocol. Dai circulates in this way and users are provided access to liquidity. Apart from that, Dai can also be obtained by purchasing from intermediaries or exchanges or simply using it as a payment instrument. Once created or purchased, Dai can be used in the same way as other cryptocurrencies: it can be sent to others, used as payment for goods and services, and even held as savings through a feature on the Maker Protocol.
You can use Binance, the world's largest cryptocurrency exchange, to purchase DAI Coin. I am happy with Binance.
Many project owners have issued their own stablecoin, but we cannot talk about a more popular stablecoin than Tether.
Pros
- Fixed at $ 1
- Ethereum has its backing
- easy to use and useful
- has an auxiliary program
Cons
- There are $ 1 fixed more popular coins than DAI
