DAI (DollarAlliance International) is a significant Ethereum-based stablecoin. It’s worth exactly one US dollar. Unlike other popular stablecoins, it is decentralised and that can be beneficial in several ways. Let’s check out the betting sites that support DAI wagers.
Gambling’s Bright Future
With the trend toward decentralised systems, betting with DAI could become the norm in the future. In any case, for those who don’t enjoy extreme volatility, it’s a good option. On the other hand, a brand-new token might emerge with the sole purpose of being used as currency in wagers.
Even so, breakthroughs like smart contracts and oracles will completely alter the landscape. To the extent that the Ethereum platform remains preeminent, DAI will find numerous applications. Peer-to-peer betting exchanges like SportX are likely to become commonplace in the near future.
DAI: Getting Your Hands On It
DAI can be acquired with relative ease by those who already possess cryptocurrency. It’s quick and simple if you do; if you don’t, it won’t be too much of a hassle.
One of the many decentralised exchanges will let you convert your Ethereum into DAI. One such service is Uniswap. You can set it up to happen mechanically with some wallets. Similarly, you can use the Maker platform to collateralize your Ethereum and produce DAI.
To begin, you will need to acquire some Ethereum if you do not already have any cryptocurrency. When using a centralised exchange, you can purchase ETH with fiat currency. Some examples of such marketplaces are Kraken and Coinbase. Private markets exist as well, and you might be able to find someone selling his ETH online. All you need to do is acquire Ethereum and then implement the aforementioned steps.
Conclusion
DAI is one of a kind due to its status as a thriving decentralised stablecoin. When placing anonymous wagers with a crypto bookmaker, DAI is the best alternative to Bitcoin and other volatile coins due to its lower volatility and greater consistency in price. We’re glad you found this guide helpful, and if you think your friends could benefit from it as well, please feel free to forward this message to them.
