VANTA to Accept Dai Stablecoin in Presale
VANTA Will be Accepting Dai Stablecoin for Qualified Investors in Presale, Effective Immediately.
There are three main goals:
- To eliminate volatility risk between ETH contribution and ETH to fiat liquidation
- To reduce our reliance on ETH/USD price pegs and be more transparent
- To choose Dai from MakerDAO to eliminate the counterparty risk of centralized stablecoins
We believe that raising a portion of the fund in a decentralized stablecoin like Dai should be more widely adopted in order to better protect both the team and the investors.
The Rise of Stablecoins
The demand for stablecoins has increased in the last few months as more investors seek non-volatile assets beyond regular cryptocurrencies. Crypto assets, pegged to local currencies, continue to emerge. Most stable cryptocurrencies, however, remain fiat-backed and therefore fully centralized.
MakerDAO issues Dai, which is the first and largest decentralized stablecoin on the Ethereum blockchain. Despite the volatile nature of cryptocurrency market, Dai has successfully maintained its peg to the US dollar. Dai has several strong partnerships, and is used in various areas including exchanges, dApps, non-profits, and multinational companies.
“A core goal of Dai is to unlock a stable and dynamic economy on the blockchain,” said Rune Christensen, CEO and co-founder of MakerDAO. “Vanta’s decision to fundraise via stablecoin is a great use case for Dai and fantastic example for other projects looking to reduce volatility in their finances.”
Dai’s decentralized nature and liquidity make it an ideal case for VANTA fundraising as well as potential integration with VANTA’s ecosystem in the future.
MakerDAO issues Dai, which is the first and largest decentralized stablecoin on the Ethereum blockchain. Despite the volatile nature of the cryptocurrency market, Dai has successfully maintained its peg to the US dollar. Maker (MKR) is currently ranked #20 on CoinMarketCap with a Market Cap of $334,731,538 USD and has several strong partnerships and is used in various areas including exchanges, dApps, non-profits, and multinational companies.
MakerDAO Official Website: www.makerdao.com
About VANTA Network
VANTA is building an intelligent network for real-time networking, which enables individuals and companies to quickly develop services that can efficiently transmit and process real-time data, as well as commercialize the services at low cost without additional infrastructure. As a result, creative services are provided and integrated within the VANTA ecosystem. VANTA blockchain is useful as it contributes to improving people’s daily lives and the operations of enterprise businesses.
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