|Symbol||Crypto Score||Volume||Volatility||Liquidity||Industry||Application||Marketcap||Supply||Volume (24h)||Last 24h|
|ODE||4.19||1.42||7.11||1.33||5.24||5.86||$ 51.66 M||238.20 M||$ 498.14 K|
DAI is a “stable coin” based upon the Ethereum blockcahin network. DAI is the creation of the company Maker and in 2017 they released their answer to what a stable coin should be. DAI boasts several key advantages over stable coins like Tether, for one, DAI is decentralized and its value is not backed by any deposit/withdrawal mechanisms like many other stable coins. The stable coin makes use of Ethereums smart contracts to ensure that 1DAI will always equal 1 Dollar, and because the coin is an ERC-20 token it can be freely traded without any middleman or third party interference. In Conclusion, DAI has enormous potential in its usefulness. The ability to transfer any amount of exact US dollars anywhere at any time is revolutionary and reflects the inherent value that cryptocurrencies in their entirety bring to the world.