ACT Distribution, a new Token and More

What next?

Dear Community,

Today our ACT-INR trading competition came to an end at 4:00 PM. It was our very first trading competition and we are overwhelmed with the love and support that our community has shown us.

You can check your rank on our website here.

ACT distribution

Here is the final leaderboard..

The top 500 present on the leader-board will receive their ACT reward by 30th May 12:00 AM

Here is what Prasenjeet Kashyap, Country Head of Achain, had to say about our competition!

We at Achain are really happy that we decided to associate with Coindelta. It’s really easy how comfortable and cooperative you guys are. The competition was very well carried out and fulfilled our expectations! Thanks for being awesome Coindelta team.

Moving on…

With the conclusion of the trading competition, we have something else for you to be excited about!

We are happy to announce that Coindelta is listing the decentralized stablecoin DAI !!

DAI — Price stabilized cryptocurrnecy

What is DAI?

Dai is type of a stablecoin based on the ERC20 blockchain. The concept of a stablecoin is fairly straight forward — it’s a token (like bitcoin and ether) that exists on a blockchain. But unlike bitcoin or ether, it has no volatility. The asset that Dai is trying to be stable relative to is the U.S. Dollar. So, to summarize, one Dai equals one dollar. Dai is set to be the first working consumer-grade stablecoin.

What is Maker?

Maker keeps Dai at $1 using a system of collateral and price feeds. This collateral is carefully managed by the MKR token holders.

Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the Dai — against the U.S. Dollar.

Maker​ ​is​ ​a​ ​smart​ ​contract​ ​platform​ ​on​ ​Ethereum​ ​that​ ​backs​ ​and​ ​stabilizes​ ​the​ ​value​ ​of​ ​Dai through​ ​a​ ​dynamic​ ​system​ ​of​ ​Collateralized​ ​Debt​ ​Positions​ ​(CDPs),​ ​autonomous​ ​feedback mechanisms,​ ​and​ ​appropriately​ ​incentivized​ ​external​ ​actors.

Maker​ ​enables​ ​anyone​ ​to​ ​leverage​ ​their​ ​Ethereum​ ​assets​ ​to​ ​generate​ ​DAI​ ​on​ ​the​ ​Maker Platform.​ ​Once​ ​generated,​ ​Dai​ ​can​ ​be​ ​used​ ​in​ ​the​ ​same​ ​manner​ ​as​ ​any​ ​other cryptocurrency:​ ​it​ ​can​ ​be​ ​freely​ ​sent​ ​to​ ​others,​ ​used​ ​as​ ​payments for​ ​goods​ ​and​ ​services,​ ​or held​ ​as​ ​long​ ​term​ ​savings.​ ​Importantly,​ ​the​ ​generation​ ​of​ ​Dai​ ​also​ ​creates​ ​the​ ​components needed​ ​for​ ​a​ ​robust​ ​decentralized​ ​margin​ ​trading​ ​platform.

Launch Date and Time

Deposits will go live at : 30th May 12:30 AM

Trading will begin at : 30th May 10:00 AM

That is all for now!

Stay tuned for more announcements!

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Coindelta Announcements

With love for the Blockchain and Cryptocurrencies,
Coindelta Family

Risk warning: Cryptocurrency investment is subject to high market risk. Coindelta will make best efforts to choose high quality tokens, but will not be responsible for your investment losses.