Categories: Ethereum

Liquid Will List Maker’s Dai in Run Up to GRAM Token Sale

Click here to view original web page at www.financemagnates.com

Customers of Japan-based Quoine subsidiary crypto exchange Liquid can now trade buy and sell Maker’s Dai, a decentralized, ERC20-based stablecoin, according to a blog post from the exchange.

Dai is an algorithmic stablecoin that controls is value by creating and burning tokens in accordance with supply and demand. It is collateralized with ETH, the native token of the Ethereum network. When the price of DAI exceeds USD$1, it can be sold for more than it’s worth, which increases the coin’s supply and causes it to fall back to USD$1; when it is below USD$1, users can use it to pay off debt within the system, which increases demand and raises the price.

While DAI isn’t regulated, its decentralized governance and transparency model have caused some to believe that it is more secure than its centralized stablecoin counterparts, such as Tether dollars (USDT).

This panel of experts will speak on stablecoin adoption in the upcoming Finance Magnates Barcelona Trading Conference in July. Click the image to learn more.

However, another blog post from Liquid posted in November warned traders against becoming overly dependence on unregulated stablecoins: “the problem begins as dependence on these stablecoins grows. Trading with unregulated stablecoins could be extremely dangerous to crypto as a whole. If unregulated stablecoins fail, the effects can be catastrophic,” the post explained.

But the post also said that “stablecoins can and should be an excellent resource for traders, which is why exchanges have been quick to jump at the chance to list them, especially in absence of having the necessary regulatory approval to list fiat.”

Liquid Will Host a Sale of Telegra’s GRAM Tokens

Liquid made headlines earlier this month when it was announced that a sale of Telegram’s highly-anticipated GRAM tokens would be hosted on the exchange. However, only USD and USDC can be used to buy GRAM tokens.

For the first time, members of the public will be able to buy Telegram’s sought-after $Gram tokens. $QASH holder benefits included.

But the tokens being sold on Liquid are not actually being sold by Telegram itself, but by Gram Asia, the largest holder of Telegram tokens.

“We are excited to be partnering with Gram Asia to launch the Gram token sale, which is wonderful news to our community who are native users of Telegram,” said Mike Kayamori, co-founder and CEO of Liquid. “We share the vision for a more secure and open value transfer system in order to enable the mainstream adoption of cryptocurrencies.”

It

Finance Magnates interviewed Quoine’s Nick Chong earlier this year. To hear that interview, click here.

Dai is […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Late Hal Finney Predicted $10 Million Per BTC After Satoshi Release

Although some Bitcoin critics will spite anyone who believes that the cryptocurrency will be worth more than 1000× its current… Read More

4 hours ago

Bitcoin {BTC} adoption: Booking.com chief as well as U.K. Central Bank leader are optimistic about virtual currencies

Bitcoin is placed right at the top of the market, with the BTC dominance rate currently at 68.7%. The trading… Read More

4 hours ago

Top Pro Athletes Like Messi Would Make a Killing in Bitcoin Earnings

According to Messari research, Lionel Messi's take-home pay would be "12,700 $BTC" annually. Cristiano Ronaldo's would be 10,000 bitcoins. |… Read More

4 hours ago

House Financial Services Committee Will Continue Libra Review

Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to… Read More

4 hours ago

Circle CEO Says Tokenized Fiat Currencies Are on the Horizon

Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, said that the firm has long held that major… Read More

4 hours ago

Devcon uses Ethereum platform to issue 150 tickets

Devcon5, the Ethereum Foundation’s fifth annual conference which takes place October 8-11 in Osaka, Japan, is using the Ethereum platform… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More