+10.95% growth: How to Buy Single Collateral DAI (SAI) – A Step by Step Guide
CryptoBuyingTipshttps://cryptobuyingtips.com/guides/how-to-buy-single-collateral-dai-sai
What is SAI?
Dai (DAI) is a USD-pegged stablecoin built on the Ethereum blockchain, and has no centralized authority. Its $1 USD equivalent is maintained through automatic pricing mechanisms built into smart contracts. When Dai is worth more than $1, the smart contract pricing mechanisms works to decrease the price. Conversely, when Dai is worth below $1, the smart contract pricing mechanisms works to increase the price. Dai can be freely traded like any other ERC20 token, and anyone with an Ethereum wallet can own, accept, and transfer it without a middleman.
Currently SAI is being ranked 148 on Coinmarketcap and has recently surged a hefty 10.95% at the time of writing.
SAI has been listed on a number of crypto exchanges, unlike other main cryptocurrencies it cannot be directly purchased with fiats. However, the good news is that it's being listed on Binance and KuCoin, two of the top crypto exchanges and has huge daily trading volumes. You can easily buy this coin with bitcoin purchased from any large exchanges, in this guide article we will walk you through in detail the steps to buy SAI.