SAI - Single Collateral DAI Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics
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Single Collateral DAI (SAI)

SAI Price

$1.2791
1.23%
Market Cap
$7.42M
-3.00%
Volume
$851.77
13.14%
Transp. Vol.
0%Unknown
Grade
D gradeD grade
Rank
#319
  • 1D
  • 1W
  • 1M
  • 1Y
  • YTD
  • All
Price Prediction:
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Single Collateral DAI Daily Performance

Today's Single Collateral DAI price is $1.2791, which is up 1% over the last 24 hours. Single Collateral DAI's market cap is $7.42M. 24 hour SAI volume is $851.77. It has a market cap rank of 319 with a circulating supply of 5,804,318 and max supply of 5,804,318. Single Collateral DAI is traded on exchanges. Single Collateral DAI had an all-time high of $2.4211 over 2 years ago. Over the last day, Single Collateral DAI has had 0% transparent volume.

Market Cap
$7.42M
-3.00%
Volume
$851.77
13.14%
Transp. Vol.
0%Unknown
Transparency GradeD gradeD grade(Poor)
Circulating Supply5,804,318
Max Supply5,804,318
7D Price Prediction
N/A

Single Collateral DAI Statistics

Price

$1.2791
Price Change
$0.015529 (1.23%)

All-Time High

$2.4211
Date of ATH3/9/2018
Days Since ATH857
% of ATH52.83%
Price vs ATH

Market Cap

$7.42M
Mkt Cap Change
-$229,578-$229,578 (-3.00%)
Mkt Cap Rank319
Mkt Dominance0%
Mkt Dominance

Circulating Supply

5,804,318
Max Supply5,804,318
% in Circulation100.00%
% in Circulation

Volume

$851.77$851.77
Vol. Change
$98.91$98.91 (13.14%)
Exchange VolumeUnknown

Transparent Volume

0%
Transparent Volume (Δ)
Unknown
Transparent Volume
D - 100%

About Single Collateral DAI

Single Collateral DAI is a stable cryptocurrency issued by the California-based project MakerDAO. On November 18th, 2019, MakerDAO released a new Multi-Collateral DAI token minted in the new system supporting multi collaterals. The previous Single Collateral DAI received a new name SAI. Another change refers to MakreDAO’s Collateralized Debt Position (CDP) which was replaced with the new term “Vault” on the same day.

Up until the specified date, the stable coin DAI issued by MakerDAO was backed only by ethers. On the date mentioned above, MakerDAO added BAT (Basic Attention Token) to the collateral and renamed its key product into Multi-Collateral DAI token. Also, the MakerDAO community is going to add other cryptocurrencies such as DigixDAO (DGD), Augur (REP), OmiseGo (OMG) and others into the basket. The older version under the ticker SAI (Single Collateral DAI) can be easily migrated to the new one on the project’s website.

MakerDAO aims to provide the cryptocurrency market with a solution to reduce the everchanging prices of digital assets. The platform issues stable cryptocurrencies with the value pegged to USD and backed by cryptocurrencies.

Although MakerDAO is not the first and the only one project to set such goals, it’s the only one to provide a solution that follows the key principles of blockchain staying truly transparent and decentralized. Tether, one of the most popular stable coins that are represented in the market at the time of writing, has an opaque issuance model. It claims that for every US dollar that users send to the company’s vault, they issue 1 USDT and thus maintain the stable price of their currency. When currencies are changed backwards, USDT gets burned. But the company doesn’t reveal how they manage to cover the transaction fees leaving a lot of space for hiding the traces. In addition, Tether has been repeatedly accused of market manipulations in conjunction with Bitfinex, one of the biggest cryptocurrency exchange platforms which doesn’t add points to its reputation.

Maker, on the contrary, builds its solution solely on the blockchain technologies, Ether as collateral and smart contracts which help them to conduct all transactions with the maximum transparency. The project has never been subject to any accusations and maintains its reputation in a pretty clean state.

The project is headed by Rune Christensen (CEO and Founder) and Steven Becker (the President and COO). Other team members include Wouter Kampmann, Jeremy Hollister, Coulter Mulligan and many more.

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Single Collateral DAI Markets

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Single Collateral DAI Historical Data

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Today's SAI / Single Collateral DAI News for July 13, 2020

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