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# 18th
foxyrating
2/5 1
What Is DAI ?
In short, Dai is a decentralized stablecoin created by MakerDAO (MKR).
One Dai equals one US dollar (1:1 ratio)
and will always remain so until the token is taken out of the circulation.
Dai maintains stable value without centralized trust in a clever and interesting way.
It shifts following market changes and thus keeps a steady price against other cryptocurrencies.
The process is facilitated by the Maker platform along with the MKR token, CDP smart contracts,
and several other stabilization mechanisms.
There is no need for a centralized authority that oversees fiat-collateralized stablecoins like Tether (USDT),
nor any traditional bank backs it.
What Is Maker (MKR) ?
Maker (MKR) is a decentralized autonomous organization (DAO) built on the Ethereum blockchain.
Also, it's a cryptocurrency and a governance token.
It's in charge of two tokens - Makercoin (MKR) and Dai (DAI)
Both of them are issued on the Ethereum according to the ERC-20 standard.
For more information on Maker and Dai
see page:
https://netbusinessrating.com/fr/fiche-30589-maker-mkr
In short, Dai is a decentralized stablecoin created by MakerDAO (MKR).
One Dai equals one US dollar (1:1 ratio)
and will always remain so until the token is taken out of the circulation.
Dai maintains stable value without centralized trust in a clever and interesting way.
It shifts following market changes and thus keeps a steady price against other cryptocurrencies.
The process is facilitated by the Maker platform along with the MKR token, CDP smart contracts,
and several other stabilization mechanisms.
There is no need for a centralized authority that oversees fiat-collateralized stablecoins like Tether (USDT),
nor any traditional bank backs it.
What Is Maker (MKR) ?
Maker (MKR) is a decentralized autonomous organization (DAO) built on the Ethereum blockchain.
Also, it's a cryptocurrency and a governance token.
It's in charge of two tokens - Makercoin (MKR) and Dai (DAI)
Both of them are issued on the Ethereum according to the ERC-20 standard.
For more information on Maker and Dai
see page:
https://netbusinessrating.com/fr/fiche-30589-maker-mkr
stablecoin
| Market capitalsation | > 1 000 M$ |
| Language | english |
| Market Price | |
| Monitored since | 1859 days |
| Accepted countries | All |
| They use Dai (DAI) |
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I lost my coins to some fake platforms, I tried to fix-up my mistakes, its only took the help a financial consultant named Joan c.Hopkins that helped me recovered back all my lost funds, I visited her mail (joanhopkins104 gmail.com) and she responded. You still have enough time to fix-up the mistakes of being a victim to those online scams.,,
