Dai (DAI) Achieves Market Cap of $5.72 Billion

Dai (DAI) traded down 0% against the dollar during the 1-day period ending at 17:00 PM Eastern on November 24th. During the last week, Dai has traded down 0% against the dollar. Dai has a total market cap of $5.72 billion and approximately $362.82 million worth of Dai was traded on exchanges in the last 24 hours. One Dai token can now be bought for $1.00 or 0.00006040 BTC on popular cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • KILT Protocol (KILT) traded up 4.8% against the dollar and now trades at $0.44 or 0.00002637 BTC.
  • Aidi Finance (BSC) (AIDI) traded up 4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 2.1% against the dollar and now trades at $0.0454 or 0.00000274 BTC.
  • CareCoin (CARES) traded up 2.1% against the dollar and now trades at $0.0564 or 0.00000340 BTC.
  • OmniaVerse (OMNIA) traded up 4.7% against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 0.8% higher against the dollar and now trades at $1,412.50 or 0.08533543 BTC.
  • Kitty Inu (KITTY) traded up 2.1% against the dollar and now trades at $79.83 or 0.00482297 BTC.
  • Lunar (LNR) traded 4.3% higher against the dollar and now trades at $0.0609 or 0.00000368 BTC.
  • Hokkaidu Inu (HOKK) traded down 14% against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded up 2.1% against the dollar and now trades at $4,897.98 or 0.29590876 BTC.

Dai Token Profile

Dai was first traded on November 18th, 2019. Dai’s total supply is 5,717,799,838 tokens. Dai’s official Twitter account is @MakerDAO and its Facebook page is accessible here. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. The official website for Dai is www.makerdao.com. The official message board for Dai is medium.com/@MakerDAO.

According to CryptoCompare, “The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.Dai is collateral-backed money whose value is pegged to the US Dollar and kept stable through a framework of aligned financial incentives.The Dai token lives on the Ethereum blockchain; its stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties.”

Buying and Selling Dai

It is usually not presently possible to purchase alternative cryptocurrencies such as Dai directly using US dollars. Investors seeking to acquire Dai should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dai using one of the aforementioned exchanges.

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