Dear all ABIT users:
We are glad to announce that DAI（Dai Stablecoin） will be officially listed by ABIT.com from Singapore time August 24, 2020.
- Deposit Opening：13:00, Aug 24, 2020 (Singapore Time)
- Trading Start：13:00, Aug 25, 2020 (Singapore Time)
- Withdraw Opening：13:00, Aug 26, 2020 (Singapore Time)
- Trading Pairs：BTC/DAI
Dai is a decentralized stablecoin based on Ethereum network, developed by MakerDAO. It functions as part of the DeFi infrastructure. Dai is 1:1 equivalent to USD value, which is backed up by equivalent collateral assents on blockchain. Individuals and enterprises can avoid volatility risk or get cash flow by exchanging DAI. It has been in use in aspects such as mortgage loan, margin trading, international transfer, supply chain finance, etc. Maker protocol allows users to generate DAI using collateral approved by "Maker Governance".
Risk Warning: Digital assets are innovative investment products with great prices fluctuation. Please make a rational judgment on your investment ability and make investment decisions cautiously. We wish you a pleasant deal.