Name: XDAI
SKU: XDAI
Price: 1.003334181598 USD

xDai is a cryptocurrency created from the MakerDAO DAI token. Dai is a stable token on the Ethereum mainnet pegged to the US dollar. xDai can be acquired by users in a number of ways (for example with a credit card) but behind the scenes, it is always created from Dai, and the value of xDai corresponds 1:1 with Dai. Here's how xDai is created:<ul><li>Dai is locked into a smart contract on Ethereum. This means it must remain in that contract and cannot be moved until the contract receives a verified signal to unlock it.</li><li>Using a bridge mechanism called the TokenBridge, data about the locked Dai is transmitted to a smart contract on the xDai chain.</li><li>The contract on the xDai chain creates (mints) the exact same amount of xDai.</li><li>This xDai is then usable on the xDai chain. Users only need to switch the network in their wallet, and xDai is available using the same Ethereum address.</li></ul>When users want to exchange xDai for Dai, the process is executed in reverse. xDai is burned (destroyed) in the xDai chain smart contract, and a verified signal is sent to unlock the exact same amount of Dai on the Ethereum mainnet. The unlocked Dai is then returned to the user’s address on the Ethereum mainnet.

xDai tokens are transactional tokens on the xDai chain and also used to pay for the execution of smart contracts and gas fees

XDAI

xDai tokens are transactional tokens on the xDai chain and also used to pay for the execution of smart contracts and gas fees

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Comprehensive analysis of %coinname% price dynamics, quarterly returns, and annual trends in dollars. Our detailed research unveils dynamic interconnections between %coinname% and the US dollar, providing valuable insights based on current data.

Period	Change	Change (%)	High	Low
24H	-$ 0.00493	-0.49%	$ 1.08	$ 0.997
7D	$ 0.00519	+0.52%	$ 1.08	$ 0.996
14D	$ 0.00428	+0.43%	$ 1.08	$ 0.995
30D	-$ 0.0104	-1.02%	$ 1.20	$ 0.995
3M	$ 0.00395	+0.39%	$ 4.99	$ 0.961
6M	-$ 0.00608	-0.60%	$ 4.99	$ 0.959
YTD	$ 0.00675	+0.68%	$ 4.99	$ 0.961
1Y	-$ 0.00133	-0.13%	$ 8.70	$ 0.500

XDAI XDAI

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