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Single-Collateral Dai (SAI) has shutdown, for more information: https://blog.makerdao.com/a-guide-to-single-collateral-dai-sai-shutdown/ . The ONLY website to migrate Sai to ETH is http://migrate.makerdao.com
Buy or Exhange Sai at the Best Market Price Today.
Sai Chart
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 each 2. It can be freely traded like any other ERC20 token 3. Anyone with an Ethereum wallet can own, accept, and transfer it 4. It can be exchanged without any middleman 5. No individual person or company has control over it 6. 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 because they earn money anytime Dai is not perfectly worth $1. This is why Dai is always floating slightly above or below $1 — it is an endless wave function bouncing infinitely close to $1, but never quite achieving it. The farther Dai goes from $1, the more incentive there is to fix it. This is the magic of Dai. *How is Dai Created? Dai is simply a loan against Ethereum. By using the MakerDAO dApp, advanced users can take loans out in Dai against their ETH holdings. First, ETH is turned into “wrapped ETH” (WETH), which is simply an ERC20 wrapping around ETH. This “tokenizes” ETH so it can be used like any other ERC20 token. Next, WETH is turned into “pooled ETH” (PETH), which means it joins a large pool of Ethereum that is the collateral for all Dai created. Once you have PETH, you can create a “collateralized debt position” (CDP), which locks up your PETH and allows you to draw Dai against your collateral, which is PETH. As you draw out Dai, the ratio of debt in the CDP increases. There is a debt limit that sets a maximum amount of Dai you can draw against your CDP. Once you have Dai, you can spend or trade it freely like any other ERC20 token. *There are several important reasons why you would create Dai, despite the hassle: 1. You need a loan, and have an asset (ETH) to use as collateral for your loan 2. You believe ETH is going up in value. You can use your CDP to buy ETH on margin — you lock up your ETH in a CDP, draw Dai against it, use the Dai to buy more ETH on an exchange, and then use that ETH to further increase the size of your CDP. This can be accomplished without any third-party or centralized authority allowing you to do so — margin trading can be accomplished entirely on the blockchain. 3. The demand for Dai has driven the price above $1 USD. When this occurs, you can create Dai then immediately sell it on an exchange for greater than $1 USD. This is essentially free money, and is one of the mechanisms the Maker system uses to keep Dai pegged to $1 USD. Dai being worth over $1 USD encourages more Dai to be created. These three reasons are enough to ensure that Dai is continually created.
The current price of 1 Sai in USD is $14.910.
This price is currently -41.55% than its all-time high (ATH) of $25.310,
and 1496.00% than its all-time low (ATL) of $0.9269.
Please note that cryptocurrency prices are highly volatile and can change rapidly depending on market conditions,
investor sentiment, and exchange platform variations. It's important to stay updated with the latest market trends to understand the fluctuations in Sai’s price.
The market capitalization of Sai is $40,005,730.00 as of today.
Sai is currently ranked #813 in the market, and this market cap is calculated by multiplying the current price of Sai with the circulating supply.
The circulating supply of Sai is 2,683,953, meaning there are 2,683,953 tokens in circulation.
It is important to note that the market cap can fluctuate significantly due to the volatility of cryptocurrency prices, as well as changes in the circulating supply based on mining or token burns.
The market cap reflects the overall value of Sai in the market and provides an insight into its market dominance and potential for future growth. For the most accurate and up-to-date information, always check the latest market updates on Sai’s official platforms.
The trading volume of Sai today is $24.660.
This represents the total value of Sai transactions in the market over the last 24 hours.
A higher trading volume indicates strong market activity, liquidity, and interest in the token.
As of now, Sai is being actively traded across several exchanges, with buyers and sellers participating in high - frequency transactions.
The trading volume metric, which plays a vital role in market assessment, reveals the extent of Sai's market activity and liquidity. Market interest remains strong when trading volumes are high because considerable trading activity means individual transactions have a limited impact on market price. coin.Name stands out as the most actively traded cryptocurrency because of its large trading volume. Institutions and people use it to sell and store monetary value.
Monitoring trading volume is crucial as it helps identify trends in market sentiment, potential price volatility, and overall token demand.
Stay informed about the latest updates on Sai to make well-informed trading decisions.
The all-time high (ATH) price of Sai is $25.310.
This ATH was reached on 14 May 2021, marking the highest value ever for Sai in the market.
Currently, Sai is lower than its ATH by -41.55%,
reflecting a lose since its peak.
ATH values are essential for understanding the maximum market valuation of Sai, offering insight into its performance
and potential growth trajectory. As cryptocurrency prices are volatile, it's crucial to stay updated on the latest trends.
The all-time low (ATL) price of Sai is $0.9269.
This ATL was reached on 10 May 2020, marking the lowest value ever for Sai.
Currently, Sai is higher than its ATL by 1496.00%,
reflecting a gain since its lowest point.
ATL values are essential for understanding the minimum market valuation of Sai, offering insight into its recovery
and potential for growth. As cryptocurrency prices are volatile, staying updated on the latest trends is important.
To buy Sai, you can follow these steps:
1. Choose a Cryptocurrency Exchange: Sai is available on several popular cryptocurrency exchanges, such as Changelly Binance, CoinEx, KuCoin, etc. These platforms allow you to trade Sai against various cryptocurrencies or fiat currencies like USD, EUR, and more.
2. Create an Account: Sign up on the exchange of your choice by providing the necessary details such as email, password, and KYC (Know Your Customer) verification.
3. Deposit Funds: Once your account is set up, deposit funds via bank transfer, credit card, or another supported payment method. Make sure you have USD or any other preferred currency in your exchange account to purchase Sai.
4. Place an Order: After funding your account, navigate to the Sai trading pair (e.g., Sai/USD) and place an order to buy. You can choose a market order for immediate execution or a limit order to buy at your desired price.
5. Store Your Coins Securely: After purchase, it's important to store your Sai in a secure wallet. You can use the exchange wallet or transfer your coins to a private wallet for added security.
Note: Cryptocurrency investments are volatile. Ensure you do thorough research and consider risks before purchasing Sai.
We make every effort to provide the latest market data. However, we cannot guarantee its absolute accuracy.
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