Compound Dai (CDAI) Hits Self Reported Market Cap of $580.05 Million

Compound Dai (CDAI) traded down 0% against the U.S. dollar during the 1-day period ending at 22:00 PM E.T. on June 18th. Compound Dai has a market cap of $580.05 million and $100.67 worth of Compound Dai was traded on exchanges in the last day. One Compound Dai token can currently be purchased for $0.0230 or 0.00000035 BTC on major exchanges. In the last week, Compound Dai has traded down 0% against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last day:

  • KILT Protocol (KILT) traded up 4.5% against the dollar and now trades at $0.22 or 0.00000337 BTC.
  • Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded up 0.9% against the dollar and now trades at $0.0103 or 0.00000016 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Compound Dai Token Profile

Compound Dai was first traded on November 19th, 2019. Compound Dai’s total supply is 2,025,596,474 tokens and its circulating supply is 25,204,924,416 tokens. The Reddit community for Compound Dai is https://reddit.com/r/compound and the currency’s Github account can be viewed here. Compound Dai’s official Twitter account is @compoundfinance and its Facebook page is accessible here. Compound Dai’s official website is compound.finance.

According to CryptoCompare, “Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.

Each money market is unique to an Ethereum asset (such as Ether, an ERC-20 stablecoin such as Dai, or an ERC-20 utility token such as Augur), and contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates.

cDAI is the Compound’s wrapped version of Multicollateral DAI and it’s available on the Compound platform.”

Compound Dai Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Compound Dai directly using US dollars. Investors seeking to acquire Compound Dai should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Compound Dai using one of the aforementioned exchanges.

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