Dai (DAI) Price in USD with Live Chart & Market Cap

Dai (DAI) Price Live Statistics

Dai price today is $0.99962901023 USD, which is down by -0.03% over the last 24 hours. There has been an hourly rise by 0.05%. Dai’s market cap currently sits at $9,808,500,000.00 USD, holding up for a market cap rank at #17. Dai ranks no 17 in the market capitalization of Dai is at $9,808,500,000.00 and its volume for 24 hours is $623,972,000. 9.81 B Dai are under circulation, with total supply of 9.81 B and the Maximum supply of N/A.

Who created DAI?

DAI is a product of MakerDAO and founded in 2014 by Rune Christensen. His first project, MakerDAO and first introduced in 2015. After that, the maker protocol started making DAI design, and it was launched in 2017 December on the Marker Protocol.

 

Why use DAI?

Users and investors are interested in buying DAI because it offers efficiency and transparency benefits and protects from price volatility. DAI is the same as other cryptocurrencies. It is borderless, programmable, and can transfer quickly, but the bonus point is price stability. You can purchase and transfer DAI to exchange other cryptocurrencies.  

 

How does Dai work?

DAI is a crypto asset, and cryptocurrencies can collateralize it. If you are planning to acquire DAI on the other side, they can spend ETH to purchase the dollar equivalent to DAIanf they can collateralize ETH or any other asset with the help of Maker protocol.

 

CDPs (Collateralized Debt Positions) is a smart contract on maker protocol, and with the help, users can leverage to lock their collateral assets and generate DAI.

 

DAI offers high collateralization, which means the deposit amount should be higher than DAI. For instance, to receive $100 DAI, the user has to spend $200 in Ethereum(ETH). That means to users' account for the potential decrease in the value of ETH. Additionally, If ETH down by 25%, The $100 in the DAI will be safe and collateralized in Ethereum by $150. If you want to recover stored ETH, the user has to return DAI by paying a stable fee. 

 

The circulating supply of DAI?

DAI is stable and currently ranked number #20 with the $4.85($ 4,846,312,004) billion market cap. The current circulating supply is 4.85(4,845,139,918.52) billion DAI out of the total supply of 4.85(4,845,139,918.52). The current 24h volume of DAI is $ 968.01($ 968,014,981) million. 

 

How to buy DAI?

Maker Dai aims to create stable coins, and the idea behind this is to handle the volatility. If you are planning to buy DAI, you have to require either BTC or Ethereum for trading.

 

There are several ways to buy DAI. It is available on every exchange, but buying from top exchanges makes our purchase secure. There are only three 3 to buy and trade DAI includes:

• Signup to exchanges
• Verify your identity and despite funds
• Start buying and trading Ripple.

We are listing down some top exchanges where you can buy DAI easily, and that includes:

• Binance
• Kraken 
• Huobi Global
• OKEx
• KuCoin
• HitBTC
• Gate.io
• Upbit Market