Steemit Crypto Academy - Topic 6 - Homework Post for @yohan2on by @radoan

How is everyone I am gladly Professor @yohan2on Let's do Homework 6. This is Steemit Crypto Academy
My first homework. I will try to do my homework regularly from week one. I think this is a very important topic that I will do my homework on today.

Homework task: Write about any one of the following stable coins;

  • Tether(USDT)
  • Steem backed dollar(SBD)
  • DAI

DAI


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Introduction of DAI

Dai is a stablecoin. It aims to be worth $1usd. So 1 usd = 1 dai. DAI is decentralized stablecoin running on Ethereum (ETH). Since the dia has always started to get a valuation equal to one dollar I think the currency is quite self-sufficient. If anyone believes that the price of dia will increase, he will invest more in dai. Then I don't think he'll do anything wrong. Not because the price of Bitcoin has never been so high before because people believed in and invested in it. Feel free to invest in it. Dai can be traded freely as any other ERC-20 token.

Benefite of use DAI :

If we calculate in the world, most people do not have a bank account. Dia leaves a space for those who do not have any transaction with the bank to help maintain the value at the gate. Because it is decentralized, you can store the dye in a wallet yourself, and you will have no control over whether or not this wallet is in anyone's possession. With Dai you can send money anywhere anytime at very low cost. Even if you don't have a bank account, you can still wait for the yellow ones. This could help prevent hyperinflation. Anyone can use dai to store value and protect yourself against hyperinflation.

Dai price :

If we think a little about the dai price, we can see that its price is increasing through the chart and it is an ongoing process. We can easily choose it for our investment.

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Where to Buy Dai?

Dai is available on many popular exchanges. Here are my favorite places to buy:

Dai was recently added to Coinbase. Coinbase is a simple online medium through which you can easily sign up and buy and sell dai with a credit card very easily. The popular exchange on Kucoin Emo can be easily exchanged for dai.

I would like to give a suggestion to everyone in the finals that the most important thing to achieve is to save. If anyone wants to store dai, the thing they have most time with is a mobile phone that can be downloaded if it is a Coinbase app. Through which you can easily check dai balance like your mobile balance anytime and anytime you can connect and save it will play a very important role in your future plane.

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Thanks a lot
@yohan2on
@steemcurator01
@steemcurator02

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Hi @radoan

Thanks for attending the 6th Crypto course and for your effort in doing the given homework task.

Feedback
This is good work. Well explained. Though you had some typing errors that I would love you to correct.

Change Dia to DAI

Homework task
7

Thank you sir.

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