The crypto market is constantly evolving, both in terms of services and security, but is also exposed to the volatility of crypt prices. The stablecoins emerged as a way to counteract and solve this aspect.
DAI was the first decentralized stablecoin in the Ethereum blockchain and its system anchors its price to the value of ETH, thus offering us an alternative of greater confidence staying 1:1 with the US dollar, which makes it useful as a safeguard against the inflation and price variation. In addition, DAI is interchangeable with other crypts, such as BTC and LTC, as well as being a good tool to send money to other countries as it is easy and simple, without the risks related to price volatility.
The DAI algorithm is constantly checking that it does not fall below a value of 150% of the DAI issued. That is, there must be at least $ 150 in ETH backing $ 100 in DAI.
In Bitinka we offer you a great variety of cryptocurrencies, among these DAI, what are waiting for being part of this exciting industry?