|Crypto Score||Application||Industry||Liquidity||Volatility||Volume||Marketcap||Volume (24h)||Supply||Last 24h|
|4.35||5.56||4.98||2.00||5.37||3.84||$ 488.08 M||$ 289.79 K||728.23 K|
Maker’s Dai is a coin stabilized against the US Dollar. In a response to the issues with Tether, this coin was designed to give traders another alternative to USDT. It is collateral-backed cryptocurrency that allows anyone to leverage their assets to Dai through a smart contract. This means that the owner’s asset is locked in until the amount of Dai is paid back to Maker. Unlike Tether, who still has not been audited since mid-2017 to prove their 1:1 backing of Tether to US Dollar, this uses people’s assets and smart contracts as a way to ensure that the currency maintains its value while also being backed the full amount of what it’s worth.
|Total Circulating Supply||1 Million|