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DAI created under the need to maintain a stable asset the ERC-20 token works on the ETH blockchain its value is as close to 1USD (fiat currency) to keep stable the interests of investors who upon seeing any downward movement change quickly to safeguard capital.

How do we get Dai

As it works directly with Maker this coin is created every time it is borrowed it is used in any wallet and its operation is simple as it works like any Ethereum coin.

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To stabilize the coin

and not to go down or up in price a protocol is maintained with algorithms that are automatically designed to burn the token thus maintaining its constancy over the years.

It is obtained through Maker loans or purchased on the DAO platform, unlike other DAI currencies, it can be purchased in the United States, which currently has a strict law against digital currencies.

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As we understand it is a stable currency that is used to keep our capital protected from market volatility and thus not lose large amounts of capital in the market I think it is an alternative for many companies engaged in this type of business with volatile currencies.

We can also use it as a means of exchange from fiat currency to decentralized digital currency by credit card. This bridge allows the purchase of coins very easily for anyone who wants to invest or company has no limits of purchase in fact many Exchange are already accepting credit cards to exchange for this type of stable currency that allows many people or companies to buy and then exchange for other currencies they need.

I use it mainly to protect my assets when I hear some news on any social network. for example, when they say that a company is taking its assets out of BTC and I know that this currency will go down some % I buy DAI and when I see that it will rise by some statistics I buy DAI/BTC again, it has helped me a lot in that case.

This currency has allowed for several years the stability of assets and thus ensure the tranquility and peace of mind of the investor in terms of volatility we see that in the world are happening very bad situations such as Covid 19, political crises, and natural disasters that in some way or another affect the world economy and the prices of digital currencies or soar upward or shoot downward, this is the best option there is no other to keep the assets saved and safe.

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