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What is Dai (DAI)?
Dai basic info
What You Need to Know about Hamster Kombat
![Introduction image 0](https://img.bitgetimg.com/multiLang/web/bb4c7ca07cdac4d70f619d4af140dd02.png)
How to Participate in the Airdrop
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Open the Hamster Kombat Bot in your Telegram app.
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Tap on the airdrop tab at the bottom right corner of the game screen.
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Choose the first task, which asks you to link your TON wallet.
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Select your TON wallet type, such as Bitget Wallet in this tutorial.
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Click on "Connect Wallet" and verify the connection.
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Wait for the wallet to load and the message confirming the linking of your wallet.
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Make sure to join the Hamster Kombat Telegram channel to stay updated on new tasks and airdrop information.
Hamster Kombat Daily Combo Cards
Hamster Kombat Daily Combo Cards for July 22, 2024
![Introduction image 1](https://img.bitgetimg.com/multiLang/web/c27b9587a80e802ded4c1973d032cd89.jpg)
Ways to Earn More Hamster Coins in the Hamster Kombat Telegram Mini-App
![Introduction image 2](https://img.bitgetimg.com/multiLang/web/08a38f9f9e2b97bd31af7cefd13bed58.png)
Conclusion
Good Reads
DAI supply and tokenomics
Uniqueness
DAI’s main advantage lies in its soft peg to the price of the U.S. dollar.
The crypto market is notorious for its volatility with even the largest, highly-liquid coins such as Bitcoin sometimes experiencing price changes (both up and down) of 10% or more within a single day. Under these circumstances, traders and investors are naturally predisposed to add safe-haven assets to their portfolios, whose stable price might help offset significant market fluctuations.
One such kind of asset are stablecoins, of which DAI is one example. These are cryptocurrencies whose price is pegged to assets with a relatively stable value — most commonly traditional fiat currencies, such as USD or EUR.
Another key advantage of DAI is the fact that it is managed not by a private company, but rather by a decentralized autonomous organization via a software protocol. As a result, all instances of issuance and burning of tokens are managed and publicly recorded by Ethereum-powered self-enforcing smart-contracts, making the entire system more transparent and less prone to corruption.
In addition, the process of developing DAI software is governed in a more democratic way — via direct voting by the regular participants of the token’s ecosystem.
Token utility
A decentralized digital economy needs stable money in order to function. $DAI is a price-stable asset that can be used as a medium of exchange, store of value, and unit of account. $DAI enables a wide range of financial activities and applications that have previously been untenable due to the volatility of legacy cryptocurrencies like Bitcoin. People can obtain $DAI by buying it from brokers or exchanges, or simply by receiving it as a means of payment. Once generated, bought, or received, $DAI can be used in the same manner as any other cryptocurrency: it can be sent to others, used as payments for goods and services, and even held as savings through a feature of the Maker Protocol called the Dai Savings Rate (DSR).
Links
What is the development prospect and future value of DAI?
The market value of DAI currently stands at $5.37B, and its market ranking is #17. The value of DAI is widely recognized by the market. When the bull market comes, the market value of DAI will likely continue to increase.
Moreover, if DAI can play a greater role in practical applications, such as Dai builders fully leveraging the potential of DAI, partnering with more businesses, and increasing its user base, the long-term value of DAI will be significantly enhanced.
Is DAI worth investing or holding? How to buy DAI from a crypto exchange?
How to get Dai through other methods?
What is Dai used for and how to use Dai?
Dai Wiki
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