We are very happy to deliver exciting news that opens another landscape of possibilities for our community. Today, the DAI Stablecoin has entered the Flyp.me Accountless Exchange!
You can start flypping 23 cryptocurrencies to DAI instantly, and keep your balance stable. Always straight from your wallet with no need of opening any new account.
Everyone can now instantly access DAI just using their preferred wallet, while maintaining control of their private keys.
The biggest objective of this specific token is stability. Cryptocurrencies are very volatile, so DAI is using the Ethereum blockchain in order to provide a trusted stablecoin as an ERC20 token to the ecosystem. It's designed to maintain 1:1 parity with the US Dollar and its value is backed by collateral (ether in DAI 1.0) which is locked up in a smart contract, the Maker collateral vault.
For those seeking stability, Flyp.me is the easiest way to obtain DAI. Regular users of DAI can use it without having to interact with the advanced mechanics of the DAI Stablecoin System.
Many congratulations to the MakerDAO/DAI Team for their thriving project and for the passion and vision they put forth in order to build a transparent stable digital currency.
Welcome to accountless trading, DAI Community.
About DAI:
MakerDAO DAI is a new cryptocurrency created by a company called Maker, which also created the Maker system and the MKR tokens.
DAI is made by the DAI Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
With DAI, anyone, anywhere has the freedom to choose a cryptocurrency they can place their confidence in. A cryptocurrency that maintains its purchasing power, MakerDAO is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the DAI — against the U.S. Dollar.
All DAI in circulation is at all times backed by at least as much collateral. In fact the system only allows borrowing up to what MakerDAO governance considers to be a safe ratio (currently 150%).
Maker smart contract platform controls and sells DAI in a decentralized and trustless way, stabilizing the value of DAI to one U.S. dollar using external market mechanisms and economic incentives.
Eliminating the necessity to trust a centralized organization and the hassle of third-party audits, Maker offers a transparent stablecoin system that is fully inspectable on the Ethereum blockchain.
About Flyp.me:
Flyp.me is the Pro tool, for private and instant crypto trading, created by the team of HolyTransaction. It is the first accountless exchange that shares 50% of the fees made by the exchange with FYP token owners. There is no registration necessary and no hidden analytics tracking you. Moreover, Flyp.me does not control users' funds, so your private keys are not at risk of being held on third-party services.
Flyp.me currently supports 24 cryptocurrencies and is continuing to add more: Bitcoin, Ethereum, ZCash, Litecoin, Syscoin, Blackcoin, Dash, Decred, Dogecoin, Faircoin, Flyp.me Token, Gamecredits, Gridcoin, Litecoin, Pivx, Peercoin, Creativecoin, 0x Project, Vertcoin, EOS, Basic Attention Token, BLOCKv, Augur, VeChain and DAI.
not gonna happen. even though DAI has some trading competition in people's exchange not gonna risk trading there especially for this bear market.