We have now added support for MakerDAO’s DAI Stablecoin on Cryptal. Buying and selling DAI can be done with USD, GEL, and BTC.
Dai was the first stablecoin to be issued on the Ethereum blockchain in 2017. It is managed by the MakerDAO foundation, which maintains and regulates it but does not determine its value. Rather, it is “soft-pegged” to the US Dollar, meaning that it is a truly decentralized asset. Its price is determined by the market through collateralized smart contracts, which allows new DAI tokens to be issued through loans.
Adoption and market growth of DeFi has reached astonishing heights this year, boosting the demand for a true DeFi stable coin. DAI as a fully decentralized digital stable currency has earned high praise in the industry, making it a strong competitor to the more traditional stable coins, such as USDT or USDC.
Last year, our crypto exchange service launched under the name Gex, which brought real-time crypto trading to Georgia on a highly liquid marketplace.
On our local crypto exchange, we accept direct Georgian Lari (GEL) deposits, and take no commission on Visa and Mastercard withdrawals, for up to ₾3000 per day and ₾30,000 per month.
Cryptal supports USD, GEL, and BTC trading pairs with the most trusted crypto assets worldwide, including…
At Cryptal, we pride ourselves on listening to our customers and providing excellent service. One of our top priorities is to provide access to the most demanded and highest volume cryptocurrencies. Our first new coin to be added since launching last year is Chainlink (LINK).
Chainlink was founded and developed by Sergey Nazarov and Steve Ellis. Its ICO was held in September 2017, raising $32 million. There is a total supply of 1 billion LINK tokens, of which over 416 million are in circulation. Current market capitalization is over $11 billion.
Chainlink is interesting because it connects Ethereum smart contracts…
CEO, Cryptal Exchange. I am a true believer in blockchain and cryptocurrencies. My background is in the venture capital industry, supporting fintech companies.