Ethereum-based DAI Stablecoin Added to Coinbase Earn

2019-6-11 13:08

Coinspeaker
Ethereum-based DAI Stablecoin Added to Coinbase Earn

San Francisco-based digital exchange Coinbase has surprised its customers with a new announcement: starting from today, they can earn DAI stablecoins by watching lessons and completing quizzes about DAI and its features.

Learn DAI, earn DAI. Starting today, Coinbase customers around the world can earn DAI by learning about DAI. https://t.co/Gq73Y6msgC pic.twitter.com/H9QEt6WmcH

— Coinbase (@coinbase) June 10, 2019

As the company’s blog post reads, DAI is the first Ethereum-based stablecoin backed by Coinbase Earn, the platform that lets users earn cryptocurrencies while learning about them in a simple and engaging way. To earn DAI, customers have to participate in three lessons and learn what DAI is, what it can be used for, and how the Maker (MKR) protocol and economy ensures that the stablecoin is always valued at around $1. Each lesson consists of a video and short quizzes and rewards users two DAI.

What is DAI

DAI is a decentralized Ethereum-based stablecoin which value is stable and is maintained at the level of approximately $1 USD. According to the DAI whitepaper, the coin is backed by its sister token Maker (MKR). Ethereum-based Maker platform backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors.

Due to Maker, anyone can leverage their Ethereum assets to generate DAI. When gained, DAI can be used in the same ways as any other digital currency. Users can send it to each other, make payments for goods and services in DAI, as well as save it for long term. It is notable that DAI generation creates the components needed for a robust decentralized lending platform.

DAI was first added to Coinbase exchange on May 23. Then, Coinbase said that it would be available in most jurisdictions with the exception of New York.

Coinbase Expansion

Earlier, Coinbase announced the listing of EOS, which is now available for customers in most jurisdictions, except the United Kingdom and the state of New York. However, these jurisdictions may be added later. Moreover, EOS is also available for generation on Coinbase Earn. By watching videos and improving crypto mining skills on the platform, users can earn up to $10 in cryptocurrency.

The exchange has also added support for the US dollar-backed stablecoin USD Coin (USDC), and companies are now able to accept payments online in the same way they accept cash in-store. Also, Coinbase Custody announced that they will be supporting Blockchain Capital (BCAP) deposits and withdrawals.

As we see, Coinbase is strengthening their positions as one of the largest and most profitable companies in the crypto environment. As Coinbase provides the easiest ways to purchase cryptocurrencies and constantly working on improving its services, it is safe to say that Coinbase is actively encouraging mass-adoption.

Ethereum-based DAI Stablecoin Added to Coinbase Earn

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Multi collateral Dai (DAI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $1.0002
Капитализация $0 Rank 99999
Цена в час новости $ 1.0004 (-100%)

added stablecoin dai ethereum-based earn coinbase exchange

added stablecoin → Результатов: 47


Фото:

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

2018-10-31 20:51


Капитализация Tether снизилась более чем на $700 млн за две недели

Исследователи CoinMetrics. io отмечают, что в течение последних двух недель капитализация самого популярного стейблкоина Tether USD (USDT) снизилась на $730 млн. Stablecoin update: Tether has suffered about 730m in outflows from its peak; competitors have added about 120m to their combined supply.

2018-10-22 17:37


Фото:

Bitcoin Payments Provider BitPay Adds Gemini Dollar and USD//Coin as Settlement Options

Cryptocurrency payments provider BitPay added two stablecoins for fiat-equivalent settlements at merchant-level on Oct. 15, according to a press release. Stablecoin Usage Gaining Traction Seeing a significant demand for the usage of credible stablecoins in the cryptocurrency market, BitPay added Circle’s Centre USD//Coin (USDC) and the Gemini Dollar (GUSD) – both pegged on a 1-to-1 basis […] The post Bitcoin Payments Provider BitPay Adds Gemini Dollar and USD//Coin as Settlement Options appeared first on CryptoSlate.

2018-10-17 16:00


Фото:

Huobi Joins OKEx in Adding Four New Stablecoins

Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).

2018-10-17 21:15