KuCoin will list Dai (DAI) and open the DAI market.
The listing process is as follows:
- Deposits for DAI is now open.
- The DAI market will open with four pairs. BTC/DAI, ETH/DAI, USDT/DAI and MKR/DAI trading services will open on December 10, 2018 at 18:00 (UTC+8).
- Withdrawals for DAI will open on December 10, 2018 at 20:00 (UTC+8).
Special Offer:
The competition will run from 18:00:00 Dec 10, 2018 to 23:59:59 December 17, 2018 (UTC +8).
Dai (DAI) Trading Competition Win 182 MKR! Details Inside
More information as follows:
Dai is an asset-backed, hard currency for the 21st century. The first decentralized stablecoin on the Ethereum blockchain.
The Dai Stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar. The project's team believes that stable digital assets like Dai Stablecoin are essential to realizing the full potential of blockchain technology. MKR (also ERC20) enables anyone to leverage their Ethereum assets to generate Dai on the Maker Platform. Once generated, the Dai tokens can be used in the same manner as any other cryptocurrency: it can be freely sent to others, used as payments for goods and services, or held as long-term savings. Importantly, the generation of Dai also creates the components needed for a robust decentralized margin trading platform. Anyone who has collateral assets can leverage them to generate Dai on the Maker Platform through Maker’s unique smart contracts known as Collateralized Debt Positions.
CDPs hold collateral assets deposited by a user and permit this user to generate Dai, but generating also accrues debt. This debt effectively locks the deposited collateral assets inside the CDP until it is later covered by paying back an equivalent amount of Dai, at which point the owner can again withdraw their collateral. Active CDPs are always collateralized in excess, meaning that the value of the collateral is higher than the value of the debt. The project is represented and developed by a team of software, product and business developers, economists, marketers and designers from all over the world and is legally and technologically backed-up, as well as backed-up by a large community of early backers and adopters.
Dai (DAI) Website: https://makerdao.com/dai
Dai (DAI) Whitepaper: https://makerdao.com/whitepaper
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology.
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