👛 Dai now available to share on Quidli
Stablecoin support added for users who prefer less volatility
While crypto veterans may be used to Bitcoin’s frequent swings in price from highs to lows (and have the battle scars to show for it), for newer entrants to the space, these swings are enough to cause heart attacks! And so we’ve added a more stable option for users — Dai ($DAI) is now available to buy, manage, and share with team members as incentives, bonuses, perks, etc.
What is Dai?
Dai is a cryptocurrency designed to be programmatically pegged to the US Dollar (1 token = $1), hence the terms digital dollar or stablecoin. Dai, running on the Ethereum blockchain, was built by the Maker Foundation; and its value is derived from a decentralized community collectively known as the MakerDAO via purchase/ownership of MKR tokens. And its community deliberately chooses to not utilize the collateralization of dollars in a central bank account in order to “allow any group of individuals to embrace transparency rather than central-entity control.”
Why might Dai be advantageous to offer?
Though crypto like Bitcoin and Ether are exciting digital assets for people to gain access to, high volatility in prices can understandably be an uncomfortable aspect to deal with as a day-to-day store of value. Dai, on the other hand, is governed by the MakerDAO and is managed by a system of trustless smart contracts to closely maintain its peg to the US Dollar.
Using Dai, you can offer stable digital dollars to incentivize and or reward team members anywhere in the world in a matter of minutes without having to worry about sudden price fluctuations or excessive transaction fees by banks and middlemen. And for recipients, Dai provides access to an entire ecosystem of crypto apps and services without being forced to expose themselves to the risk of their gains losing value to market movements.
Are you not yet sure about crypto? Do you have teammates who aren’t yet sure about crypto? But do you still want to take advantage of crypto-based finance without necessarily dealing with the inherent volatility? Then why not consider utilizing US Dollars via Dai instead.
Other recent updates
- 3️⃣ This latest addition brings the total number of cryptocurrencies available to buy and share on Quidli to three — Bitcoin, Ether, and Dai.
- 🌕 MoonPay, a crypto payment gateway, has been newly integrated in an effort to improve the crypto purchase experience.
- 💳 As a result, buying crypto has become even easier now via new support for credit & prepaid cards in addition to the existing debit card option.
Want to start sharing crypto (Bitcoin, Ether, and DAI) with team members as rewards and perks? Sign up for a hosted group account on Quidli to get started.
Are you an employee or freelancer who wants to receive crypto from your company or client? Fill out this request form and we’ll reach out on your behalf.
Visit our site, follow us on Twitter, or contact us directly with any questions or comments you may have at hey@quid.li.
