Review on Dai by erdi yılmaz
Dai Time
We can say that DAI Coin is one of the oldest stablecoins in the cryptocurrency world. Stablecoins are cryptocurrencies whose values are linked to different assets and are usually indexed to 1 unit. DAI Coin, launched at the end of 2017, has a similar structure and the value of 1 DAI is equal to $ 1.
DAI Coin is significantly different from other stablecoin projects. The Dai stablecoin, also known as the maker coin, does not have supporting institutions. Instead, smart contracts are known to be traded in a way that keeps the value of 1 DAI equal to $ 1.
DAIs are created and published by users, not by the organization. The Maker Protocol behind DAI ensures that all people can produce DAI, and this is done in a completely decentralized, transparent and secure way. Users can generate DAI tokens in return and leave the tokens they own as collateral.
People who can use decentralized applications can directly deposit their own DAI funds by depositing a deposit. Other users can buy directly from cryptocurrency exchanges. When the market is active, demand for DAI also increases. Despite being a stablecoin, DAI saw an increase and its value exceeded $ 1.
DAI has an absolutely promising future that caters to both a stablecoin and the DeFi industry.
Users who do not generate Dai can buy Dai on the Binance exchange, as I did. Those who want to trade through Dai can use the world's leading cryptocurrency exchanges.
I had the chance to win a significant amount of Dai from PubliasOx, the site I have commented on in the past.
I think it is a promising amount of money, thanks to the new projects Dai participated in. I believe its value will increase.
Pros
- Although it is stablecoin, its value can increase
- Easily available as it is listed on many major exchanges
- Anyone who wants to produce can do this
Cons
- joint projects should be developed
