Dai Hits 24-Hour Trading Volume of $201.13 Million (DAI)

Dai (DAI) traded 0.2% higher against the US dollar during the twenty-four hour period ending at 17:00 PM Eastern on January 25th. During the last week, Dai has traded 0.2% higher against the US dollar. Dai has a total market capitalization of $5.90 billion and approximately $201.13 million worth of Dai was traded on exchanges in the last day. One Dai token can currently be bought for about $1.00 or 0.00004247 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 0.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded up 4% against the dollar and now trades at $0.0616 or 0.00000266 BTC.
• CareCoin (CARES) traded up 4% against the dollar and now trades at $0.0764 or 0.00000330 BTC.
• OmniaVerse (OMNIA) traded 6% higher against the dollar and now trades at $0.0022 or 0.00000009 BTC.
• Kitty Inu (KITTY) traded 4% higher against the dollar and now trades at $94.61 or 0.00408691 BTC.
• Lunar (LNR) traded 4.3% lower against the dollar and now trades at $0.0279 or 0.00000121 BTC.
• Hokkaidu Inu (HOKK) traded 4.3% higher against the dollar and now trades at $0.0006 or 0.00000002 BTC.
• QANplatform (QANX) traded up 4% against the dollar and now trades at $6,641.27 or 0.28687093 BTC.
• 2G Carbon Coin (2GCC) traded 0.4% lower against the dollar and now trades at $135.02 or 0.00583221 BTC.
• Lego Coin (LEGO) traded down 2.1% against the dollar and now trades at $0.0406 or 0.00000172 BTC.

About Dai

Dai launched on November 18th, 2019. Dai’s total supply is 5,890,652,879 tokens. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. Dai’s official website is www.makerdao.com. The official message board for Dai is medium.com/@MakerDAO. Dai’s official Twitter account is @MakerDAO and its Facebook page is accessible here.

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 possible to buy alternative cryptocurrencies such as Dai directly using US dollars. Investors seeking to acquire Dai should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dai using one of the aforementioned exchanges.