Dear ATOMARS Community,
We are pleased to announce the listing of Dai (DAI) project on ATOMARS exchange.
DAI deposits and trading will be effective at 16:00 (UTC+7). The following pairs will be supported: BTC/DAI, ETH/DAI, USDT/DAI and TUSD/DAI.
Dai (DAI) Project Summary
MakerDao is the protocol that controls the DAI stablecoin — a cryptocurrency pegged at 1:1 to the USD. The DAI is the asset-backed, decentralized stablecoin on the Ethereum blockchain backed by Ether rather than a 3rd party that claims to have the required collateral.
Started in 2015, the Maker project did not conduct an ICO, instead choosing to boost development through sales of MKR tokens. The DAI stablecoin launched in early 2018 and has continued to gain significant traction ever since.
Overview of the Dai (DAI) Stablecoin System
Bitcoin (BTC) and Ethereum (ETH) are two of the most popular digital assets but are also highly volatile, making them difficult to use as everyday currencies. Bitcoin’s value often experiences large fluctuations, rising and falling by up to 30% in just one day and at other times rising as high as 300% within a month.
The DAI stablecoin is a cryptocurrency with a stable value relative to the US dollar. A stable digital asset like this is essential to realizing blockchain’s full potential. DAI is different from other stablecoins in that it is completely decentralized. It is currently available through brokers and on a number of different exchanges. DAI holders can utilize a special DAI Savings Rate option to earn a slow-building, low-risk return on holdings.
Maker is an Ethereum smart contract platform which backs and stabilizes the value of DAI through a system of Collateralized Debt Positions (CDPs), feedback mechanisms and incentivized external actors.
Maker makes it possible for people to leverage Ethereum assets in the generation of DAI on the maker platform. Once DAI is generated, it can be used like any other cryptocurrency. It can be easily sent to others, used in paying for goods and services, or held as long-term savings.
Dai (DAI) Project Features
Freedom from Volatility
DAI is the stable and decentralized currency that is transforming the financial industry by letting individuals and businesses realize the full power of digital money without experiencing volatility.
Economic Opportunity for Everyone
Only a select few could access the financial services before, but it is now open to everyone. Maker allows any and everybody to access high-quality financial services, which includes fair credit for everyone.
A Resilient Stablecoin
DAI is an asset-backed currency built for the 21st century. DAI maintains a stable value, and can be used without borders or restrictions.
Borrow on Your Own Terms
Get added liquidity from assets which allow you to lend yourself a form of money that is secure and stable.
Through a collateralized debt position (CDP), individuals can become more exposed to an underlying asset and effectively trade on margin.
Influence Through Ownership
The governance token for the DAI Credit System is the MKR. Holders of MKR have the added responsibility of making decisions around risk that can change the future of the system.
The DAI Stablecoin System solved the problem of maintaining a stable exchange of value in the Ethereum blockchain ecosystem and even the wider blockchain community. The founders have established a discreet roadmap of governance necessary for development in the short term yet maintains decentralization ideals over time. The development roadmap targets widespread adoption of DAI in a responsible fashion.
Dai (DAI) Lists on Atomars
Atomars, one of the leading digital assets trading platform in the world, continues its aggressive listing of big projects by listing MakerDao’s stablecoin DAI on its trading platform with three trading pairs promised: BTC/DAI, ETH/DAI, and USDT/DAI.
Atomars is a digital asset trading platform for that seeks to bridge the fiat and cryptocurrency world. Atomars is a highly secure trading platform with users from all over the world. Its security system operates in multi-layers that consists of separated servers, advanced encryption technology, 2-factor authentication, cold storages, DDoS protection and more.