By EWN • 27 September 2022 • 17:58
Stablecoins are cryptocurrencies preferred worldwide and generally accepted to protect against inflation. All are pegged to national currencies such as the dollar and the euro, which are issued and administered by the states. However, many stablecoins are far from decentralisation. Stablecoins such as Tether and USDC are managed by companies. For this reason, trust in the market can be shaken from time to time. Adirize DAO (ADI), which has made a name for itself recently, is making significant efforts to reveal the decentralised fixed money understanding. For this reason, it has already started to attract a lot of attention.
Adirize DAO (ADI) aims to be a store of value, in stark contrast to stablecoins pegged to fiat currencies. ADI is the native token of the platform and aims to gain market acceptance by maintaining its stability for a long time. Contrary to stablecoins, Adirize DAO (ADI)’s total token supply, which tries to fully provide an environment of trust with its decentralised structure, has been determined as 100 million. Cryptocurrency enthusiasts can have this stablecoin, which will determine its own value and maintain its stability, at affordable prices at the pre-sale stage.
Uniswap (UNI) is a decentralised protocol that allows users to trade Ethereum tokens. The protocol is designed to be simple and user-friendly, and it offers a variety of features that make it an attractive option for traders. One of the most appealing aspects of Uniswap (UNI) is its liquidity pool, which allows users to trade freely without worrying about the order book. In addition, the platform charges low fees and does not require users to deposit any funds to trade. Finally, Uniswap (UNI) is resistant to market volatility, meaning that it can be used as a reliable way to trade in both bull and bear markets. Overall, Uniswap offers a unique trading experience that is well-suited for users who are looking for an easy and affordable way to trade Ethereum tokens.
Maker (MKR) is a decentralised autonomous organisation (DAO) that relies on the Ethereum blockchain. Its purpose is to lower the risk of holding the Dai stablecoin, which is pegged to the U.S. dollar. MKR creates a system of collateralised debt positions (CDPs).
When Dai is created, MKR is minted. When Dai is repaid, MKR is burned. The more Dai that’s outstanding, the more MKR there is in circulation. This creates an incentive for holders of Maker (MKR) to ensure that the Dai system remains stable. Maker also has a governance system that allows its holders to vote on proposals to improve the system. One of its key features is its use of smart contracts, which helps to automate its operations and reduce the need for human intervention. The Maker (MKR) system has been designed to be robust in the face of bear markets, making it an attractive investment for those looking for a way to hedge against market volatility.
The current cryptocurrency market environment is one where trust can be easily shaken. However, with a well-developed and reliable coin list, such as Adirize DAO (ADI), Uniswap (UNI), and Maker (MKR), investors can feel more confident in their investments. By removing any complications, this solid coin list allows for a smoother investment process and a stronger overall coin market. Have you tried investing in coins through a decentralized exchange? If not, now may be the time to do so!
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