PLATINCOIN PLC to Single Collateral DAI SAI Exchange

Crypto Pair Details: PLC to SAI

PLATINCOIN PLC

The PlatinCoin is based on Litecoin Technology. It is not only a new generation of cryptocurrency but, together with the PlatinCoin Cryptosystem, also an extremely flexible and multifunctional platform that allows everybody to create a wide variety of daily business operations without the delay of payment for goods and services, for example such simple things as the purchase of your daily coffee, online purchases or payments for your international travel insurance. The PlatinCoin is designed to become the most used cryptocoin worldwide, especially by international users not being able to own a bank account. Its underlying blockchain technology facilitates the daily high volume of payments. PlatinCoin provides fast, inexpensive, international and secure transfers by form of immediate payment. The advantages of PlatinCoin will appropriately address the respective payment needs of individual as well commercial users like merchants and service providers. In addition, the introduction of the PlatinCoin Debit Card will further contribute to the commercial viability of the PlatinCoin. PlatinCoin intends to become a central transmission point for FIAT money. Fast transaction periods and low variability risks will be applicable. Additionally, comprehensive payment facilities such as debit cards, ATM’s, etc. are being implemented to become a suitable payment method on high scale for clients and merchandisers. The PlatinCoin moreover aims to contribute to the improvement of people’s standard of living worldwide. This shall especially apply to people in developing countries who do not even have a bank account. As an instrument to increase prosperity, we have developed the PlatinCoin Minting Program. This Program allows nearly everyone to easily produce PlatinCoins themselves.

Single Collateral DAI SAI

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.

SOURCE: COINGECKO

instantcryptocurrencyexchange Statistics

Instant Cryptocurrency Exchange Platform