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DAI
Dai
$0.0000AUD
Market Cap
8.2B AUD
24hr Trade Vol.
420.0M AUD
Total Supply
3.4B
All
1W
1M
1Y
Basic chart
Advanced chart
Price Change
24H:
+0.00%
7D:
0.00%
Instant
Stop Loss
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Sell Dai
AUD Balance: -
Sell Amount
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DAI
≈ $0.00 AUD
Information
Transactions
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Sell Dai DAI

DAI is an ERC20 token based the Ethereum blockchain. One DAI is pegged to the value of one US Dollar. The DAI token has an automatically executing smart contract system that stabilises its value to ensure it keeps the same value to the USD. If the price moves higher than one USD, coins are created to increase the supply and bring the value back down until it is again equal. Similarly, if the price falls below the US dollar, coins are ‘burned’ to increase the value of DAI. DAI is a part of the MakerDAO DeFi system. When a loan is taken out on MakerDAO, DAI is created for users to spend and pay back with. After it is created, DAI simply functions as a stable Ethereum token. It can be used to pay for things and is easily transferred between Ethereum wallets.

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Resources

Category
DeFi
Website
makerdao.com/
Explorers
twitter.com/MakerDAO
t.me/makerdaoOfficial

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Frequently Asked Questions (FAQs)

The Dai price is $1.5273 AUD, representing a +0.38% from the day prior.

Yes - you can easily buy and sell Dai (DAI) on Coinstash. Simply login or sign up, to start buying Dai (DAI) in minutes.

The best place to buy Dai (DAI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Dai (DAI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

The trading volume of Dai (DAI) is $420.0M AUD in the last 24hrs, representing a +0.38% from the day prior.

Dai (DAI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

The current market cap of Dai (DAI) is $8.2B AUD.

Yes - With Coinstash you can convert your Dai (DAI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

The current circulating supply of Dai (DAI) is 3.4B.

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Dai (DAI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.