What is Dai Crypto Casino Sites?
Dai Crypto Casino Sites, announced through the ticker DAI, was released in 2017. The developer, the Dane Rune Christensen, created a stack coin – a coin that is attached to another asset, in this case US dollars, based on Ethereum. In practice, this means that 1 DAI will try to maintain the value at 1 USD.
This is achieved by using smart contracts to create and destroy DAI automatically, so that the value is always equivalent to 1 USD. DAI is considered to be the first example of a decentralized financial system that has been adopted in large numbers. Almost all, absolutely all Online Casino and sportsbook betting sites use DAI as payment for both deposits and withdrawals.