sai Sai (SAI)

0.00% (24H)
Market CapVolumeAvailable Supply
$72.64 M $03.14 M SAI

Sai current price is $1.000 with a marketcap of $72.64 M. Its price is 0.00% up in last 24 hours.

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be trusted. Dai lives entirely within the Ethereum blockchain using smart contracts.*Features of Dai:1. Dai is always worth $1 USD each2. It can be freely traded like any other ERC20 token3. Anyone with an Ethereum wallet can own, accept, and transfer it4. It can be exchanged without any middleman5. No individual person or company has control over it6. No government or authority can shut it down*How Dai Works?Dai is a masterpiece of game theory that carefully balances economic incentives in the pursuit of one goal — a token that is continuously approaching the value of $1 USD.When Dai is worth above $1, mechanisms work to decrease the price. When Dai is worth below $1, mechanisms work to increase the price. The rational actors that take part in these mechanisms do so beca

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