Who are the founders of DAI ?
DAI is an open-source project developed by MakerDAO, a Decentralized Autonomous Organization (DAO) that operates on the Ethereum blockchain. The MakerDAO project was founded by Rune Christensen in 2015.
Who are the supporters of the project ?
DAI has a large and growing community of supporters, including individual users, developers, investors, and organizations. Some notable supporters include the Ethereum Foundation, Kyber Network, Gnosis, and Compound.
What is the vision of DAI?
The vision of the company is to provide a stable, decentralized financial system that allows anyone, anywhere to access financial services. It aims to empower individuals and organizations to take control of their finances, without having to rely on centralized intermediaries. Additionally, DAI aims to provide a more equitable financial system that is accessible to everyone, regardless of their location or financial status.
What are DAI tokens ?
DAI tokens are the cryptocurrency that powers the MakerDAO system. These tokens are backed by a combination of cryptocurrencies, commodities, and other assets that are held in reserve. The value of the tokens is maintained by an algorithm that adjusts the supply of the token in response to changes in demand. This helps to ensure that the value of the token remains stable, regardless of market conditions.
How does DAI differ from other stablecoins in the crypto space ?
Unlike other stablecoins, which are typically backed by a single fiat currency, DAI is backed by a diverse basket of assets. This helps to ensure that it is more resistant to market volatility and less prone to fluctuations in value. Additionally, DAI is a decentralized stablecoin, meaning that it operates on a decentralized network, rather than being controlled by a central authority.
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