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Dai Price Chart in INR

Day
Week
Month

Last Price _{▾ -0.28%}

₹ 83.59

24h High

₹ 84.11

24h Low

₹ 83.26

24h Vol

₹ 70077732688

1 DAI to INR

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Current Price of 1 DAI = 600,000 INR

For 100 INR you will get = 0.00045 DAI

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Dai Price History in INR

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Week
Month

Time	Price in INR	Change in %

Time	Price in INR	Change in %

Time	Price in INR	Change in %

About The DAI Token:

Market Cap Rank

#25

The Ethereum blockchain's Dai (or DAI, formerly Sai or SAI) stablecoin intends to maintain its value as closely as possible to one US dollar (USD) by using a smart contracts system and the decentralized participants that those contracts reward to carry out maintenance and governance tasks.

What is DAI Crypto?

DAI is a decentralized cryptocurrency that intends to keep its value relative to the US dollar at 1 to 1. Therefore, 1 DAI must equal 1 USD. DAI is a stablecoin in this sense. The crypto-versions of conventional currencies like the USD, EUR, or NOK are stablecoins. There are several reasons to utilize these cryptocurrencies. Still, one of the primary ones is that their value is steady, protecting you from the regular, significant price fluctuations that other cryptocurrencies frequently experience.

DAI may be stored and transferred directly to anybody, wherever in the globe, without going through intermediaries like banks or other centralised organisations because it is a cryptocurrency built on the Ethereum blockchain.

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Who Created DAI Coin ?

Danish Rune Christensen started an open-source project called MakerDAO in 2014. Christensen assembled a team of programmers and created the MakerDAO protocol in 2015. Using cryptocurrencies as collateral for loans was made possible by the Maker Protocol.

A smart contract on the Ethereum blockchain introduced DAI on the Maker Protocol in 2017. DAI was created to make a stable decentralized cryptocurrency that could also be used as collateral for loans.

How Does DAI Token Work?

DAI can be defined as a stablecoin (stable cryptocurrency) that has cryptocurrency as collateral and aims to maintain a constant 1:1 value to the US dollar.

The security of the value of DAI is provided by the storage of monetary values that can back up the value of DAI. If you have 1 DAI in your digital wallet, Maker DAO will represent this value by holding values equal to 1 USD there. Theoretically, you should be able to exchange your DAI for values equal to the same amount. By looking at this, you can tell that DAI is not merely fantasy money created out of thin air.

The Maker Protocol, a decentralized protocol and application on the Ethereum blockchain, is the source of the smart contracts upon which DAI is based. The source of all DAIs is a programme called Market Vaults.

Official Website

White paper

DAI Crypto Price Prediction

Dai Price Today in India is ₹ 83.59 with a 24-hour trading volume of ₹70,07,77,32,688. In the last 24 hours, DAI-INR price has decreased by -0.28%. Dai CoinMarketCap rank is 25. The circulation supply of Dai is 5,02,13,16,981.43148DAI coins, with maximum circulating supply being unlimited.

DAI Crypto Price Prediction 2022

As of the end of 2022, Dai price forecasts are overwhelmingly favorable, with some analysts predicting a price of around $1.011, and PricePrediction.net even predicting a price of $1.569843 by the end of the year.

According to DigitalCoinPrice, the price of the DAI coin is expected to remain stable and range between $1.00 and $1.01 from 2022 onwards.In a year, the DAI coin's value, according to WalletInvestor, will be $1.00.

EOS Coin Price History 2021

Dai and other stablecoins make an effort to keep their value at $1, however there may occasionally be volatility. Dai's price has briefly surpassed $1.10 as well as fallen below $0.90.

These variations are typically swiftly corrected by the smart contracts that control Dai. Therefore, if you can buy Dai for less than $1, you're getting a good deal. It is advisable to wait until the price has been reduced before making a purchase if it is more expensive than $1.

Is DAI Token a Good Investment in 2022??

It’s possible. Remember that the primary function of DAI currency is to serve as a store of value. Its price should not, in theory, increase. if the algorithm-based estimates of Gov.capital’s analysts are true. However, because DAI is a stablecoin, its designers at MakerDAO will do everything in their power to keep the price pegged to the US dollar. Growth can therefore be detrimental to the coin.

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Dai Features

Decentralized:

To maintain price stability, big, centralized organizations are typically used. However, the Maker Protocol administers DAI in an entirely decentralized manner, even outsourcing protocol governance to a distributed network of users known as the MakerDAO.

Autonomous:

The Maker Protocol needs real-time data to be sent into the system constantly to ensure effective collateralization in the automated CDPs. This is necessary for its autonomous processes to function successfully.

Secured:

Since DAI is an ERC-20 token based on Ethereum, it is secured using the Ethereum Ethash Algorithm.

Should I Buy Dai in India with BuyUcoin?

BuyUcoin users can buy and sell Dai through various payment methods we provide. It’s quick, simple, and safe. BuyUcoin is an exchange platform where consumers can swap digital currencies such as Bitcoin, Ethereum, Shiba Inu, Dogecoin and over 150 other cryptocurrencies. In addition, when you sign up, you will be rewarded with free Bitcoin worth INR 100.

BuyUcoin, which has over 1M+ registered users, provides a comprehensive range of options that allow users to buy, sell, trade and store cryptocurrencies at a low price in India. Start trading now to receive INR100 worth of free Dai after registering.