My assignment of the week number 6 with the teacher @yohan2on in this opportunity we will talk about stable currencies, there are many stable currencies today I will talk about DAI thanks to this academy we are moving towards professional and interactive learning with the community and teachers who are always attentive correcting and giving to understand the current importance of cryptocurrencies.

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Stable coin DAI

Stable currencies such as DAI were created due to the need that many investors had to keep their assets stable, this DAI currency has a value of 1 dollar and remains stable because it is linked to assets inside and outside the ecosystem such as the dollar, gold. properties works with Ethereum ERC-20 blockchain due to the high volatility of currencies such as BTC many investors when seeing with some news negative effects that will happen the big whales take out their assets and change them quickly to stable currencies. and since its founding at the end of 2017 DAI is one of the best stable currencies in the global Crypto market.

purchase DAI

I use binance to buy DAI and safeguard my assets when I see some negative news that will affect the other currencies. there are several currencies it accepts such as Ether, TUSD, KNC, BAT among others as it is decentralized it generates a lot of confidence in the market and it is very easy to use and exchange.

what is DAI used for

it is a stable currency and is kept close to 1USD.

in my case I use dai to keep my assets stable at a certain value that is of interest to me.

some dai holders earn DAI savings interest (DSR) and insure with smart contracts.

you can exchange fiat currencies and transfer it at any time.

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Conclusion

as DAI comes from Maker ( decentralized financial) that works with Ethereum keeps the currency stable, with it we can change fiat money to decentralized at any time also we can keep our assets stable and without danger of losing something by the high volatility of the market is a stable currency safe, and very practical.

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THANK YOU

@yohan2on
@steemcurator01
@steemcurator02
@steemitblog
@trafalgar
by @gema777

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