xDAI Stake

Overview of xDAI Stake

  • xDai STAKE is available on Uniswap, an exchange that is gaining popularity as interest in DeFi (decentralized finance) rockets higher and higher.
  • xDAI Stake is currently trading on 9 exchanges, with a 24hr trade volume of $2,066,868.
  • xDAI Stake has a maximum supply of 9M STAKE and a circulating supply of 5.4M STAKE.
  • xDAI Stake's ICO launched on April 27th 2020 and ran until April 28th 2020.
  • xDAI Stake (STAKE) is currently ranked as the #335 cryptocurrency by market cap.
  • xDAI Stake all-time high is $43.00 This ATH was reached on Feb 21, 2021.
  • xDAI Stake price needs to rise 147.55% to reach a new all-time-high.
  • xDAI Stake (STAKE) price is down 9.69% in the last 24 hours.
  • xDAI Stake had an all-time high of $38.30 2 months ago.
  • xDAI Stake is traded on exchanges.
  • Hello! What’s your background, and what are you working on?

    My name is Igor Barinov, I founded POA Network, an R&D company that believes the Ethereum protocol must be cheap, fast, scalable, and secure.To support this vision, we are actively developing several projects in the space, including the BlockScout open-source explorer, the TokenBridge interoperability protocol and of course, xDai Stable Chain.

    How Does xDai Work?

    Initially, a user must have Dai or STAKE on the Ethereum mainnet that can be bridged to the xDai chain to create xDai.When Dai is locked in a contract, an equal amount of xDai is provided to the users, which can be used on the xDai chain.This xDai can then be used for various transactions at an inexpensive fee and insanely fast speed.Similarly, the exact amount of Dai is unlocked and released back to the Ethereum mainnet when xDai is burned.

    Is xDai Safe?

    As every blockchain may have risks, users are requested to be cautious at all times.But xDai has proven to be a secure sidechain, especially thanks to its native stable coin choice; with the native coin being a stable token, currencies are more predictable and free of volatility risks.

    What is the xDai chain?

    The xDai chain is an Ethereum-based sidechain that uses a Proof-of-Stake mechanism.It has been live since late 2018 and uses a stablecoin, xDai, as its native cryptocurrency.

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    What Is xDai STAKE?

    Based on ERC677, xDai STAKE is known to be the first ever multi-chain staking token.It is a governance token within the xDai dual-token structure, where the stablecoin counterpart is simply referred to as xDai.STAKE is majorly used for chain security and unlike xDai, STAKE is volatile and may fluctuate in proportion to the marketplace.

    Is xDAI (STAKE) A Good Investment?

    When deciding on if xDAI (STAKE) is a good investment for you, taking into account risk and reward is crucial.We can predict the price of STAKE both in the short term and long term, but expectations need to be reasonable for each.Long term we think STAKE will appreciate based on the fundamentals of the xDAI project and the progress the Team is making towards their roadmap goals and milestones.

    What is the STAKE?

    The STAKE token is a multi-chain staking token designed to secure the payment layer on the Ethereum network.STAKE is in increasing demand as the Ethereum rise parallels with key concerns over slow and expensive transactions fees.STAKE tokens assist in securing the payment layer, allowing block producers to provide transaction consensus and receive staking incentives for honest block production.

    How to use xDai?

    A great way to use xDai is the popular Burner Wallet, which makes it quick and easy to get some xDai for spending on the go.

    What’s your business model?

    Currently, validators receive transaction fees as rewards for securing the xDai Stable Chain.To provide meaningful rewards for validators and ensure the network can grow in a more decentralized manner as DeFi entails, we are moving to a new consensus model, called POSDAO.It is a unique Delegated Proof Of Stake (dPoS) based consensus, the first in Solidity and Ethereum.

    What is xDai?

    xDai Chain is an Ethereum sidechain with 5-second block times, low gas prices, and a native token that’s also called xDai.Developed through a partnership between POA Network and MakerDAO, xDai Chain is powered by a delegated Proof-of-Stake architecture called POSDAO.With POSDAO, users who hold the STAKE governance token on the xDai chain can apply to become validators, and community members with less STAKE can also participate in the consensus process as delegators.STAKE token is used to protect the protocol and also for governance through a snapshot integration.The STAKE community can add and vote on proposals for protocol changes.The xDai token is analogous to ETH on Ethereum.It’s a 1:1 representation of MakerDAO’s Dai stablecoin.Users can convert Dai to xDai via POA Network’s xDAI Bridge, which connects Ethereum and xDai Chain.Established in October 2018, xDai Chain attracted the attention of the ecosystem, thanks in no small part to Austin Griffith’s Burner Wallet, which provides a quick and easy way to carry and exchange small amounts of spending-crypto using a mobile browser and serves as a low-friction way to onboard new users.

    What is xDai (STAKE)?

    The xDai chain is a stable payment blockchain designed for fast and inexpensive stable transactions.xDai is used for transactions, payments, and fees, and STAKE is used to support a Proof-of-Stake consensus.

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    Why xDai?

    ?Fast transaction times (5 seconds) & low transaction fees (500 tx for $.01).

    How To Stake xDai Token?

    To join the Easy Staking program, one of two approaches can be followed.

    What Is xDai (STAKE)?

    xDai is a cryptocurrency that is pegged to the US dollar.The xDai chain is a stable payment blockchain that is designed for fast and inexpensive transactions.STAKE is secured by proof-of-stake consensus.xDai was founded on Oct.1, 2018.

    When will funding and trading start?

    Deposits and withdrawal will go live August 18th at 4 PM UTC and trading will be enabled shortly after.

    What Makes xDai Unique?

    xDai is a derivative of the DAI cryptocurrency, which is a stablecoin whose price is pegged to the US Dollar.The cost to perform a transaction with xDAI is $0.000021 USD.Such a transaction takes up to five seconds.

    What is the xDai cryptocurrency?

    This native cryptocurrency of the xDai chain has a price that’s pegged to the US Dollar, making it a stablecoin similar to USDC, Tether, and… the original Dai! Being pegged to the US Dollar is what makes the cryptocurrency “stable,” as it’s supposed to always be worth 1 US Dollar.

    What’s xDai Chain backstory?

    xDai was actually born out of a fun discussion during ETHBerlin in 2018.We were talking about stable coins on Ethereum, and how their popularity was really on the rise.However, the issues with volatile gas prices were undermining the whole idea of stable value transfer.As I was listening, an interesting idea struck me: What if there was a blockchain that had a stable coin as its native currency? A chain that did not have volatile gas prices because the native coin was stable.What if instead of creating and launching stable coins, we could create a stable chain.

    What Makes xDai Unique?

    xDai stands different from other common cryptocurrencies with its varied, unique features.

    Who is POANetwork?

    POANetwork is behind the xDai Chain project and many of the tools that support xDai Chain.It is its own autonomous network as well, built on the Ethereum protocol.It uses a Proof-of-Authority consensus mechanism, which makes all of its validators public.Validators are independent and pre-selected using a solid vetting process that ensures a selection of validators with good behavior.

    What is the total supply of STAKE?

    This token has an initial supply of 8,537,500 STAKE tokens that will be released over time.Integrating the STAKE token enables BTSE users to contribute to the broader DeFi ecosystem as it grows.The token will be available on BTSE’s spot market using the Multi-asset All-In-One Order Book.

    What is xDai STAKE?

    The xDai chain employs a Proof-of-Stake (‘PoS’) mechanism for confirming transactions, which is newer than the common Proof-of-Work (‘PoW’) mechanism.Ethereum, as an example, is currently transitioning from PoW to PoS.

    What went into building the xDai chain?

    One of the things we take pride in is our approach to development and release – we are known for iterating and shipping in short cycles.After the idea for the xDai Stable Chain was established, we needed to move fast.With DevCon IV around the corner, a deadline was set to release v1 of the Stable Chain by the end of October 2018.After some back and forth, we chose Dai to be the stablecoin of choice for several reasons: Dai is algorithmically stable, there is an exciting roadmap with multi-collateral CDP (Collateralized Debt Position), and the Maker project has a friendly approach to new development.By the end of October 2018, the xDai Stable Chain was live and integrated into BlockScout, the open-source explorer.

    How Is the xDai Network Secured?

    xDai provides virtual public utility for users.The xDai token is used to secure the xDai chain by validators and delegators.Users can participate in chain consensus and stake their xDai to secure the chain and receive rewards.

    Why would one want to use xDai?

    The xDai chain is a good companion to Ethereum.

    Where can we go to learn more?

    To find out about xDai Stable Chain, you can visit the xDai site.We have been creating an informational series about xDai and POSDAO, which goes into the details of how xDai was born and where it is heading in the future.Make sure to also subscribe to our Twitter and Telegram group to keep up with the latest news.

    What is the xDai Chain?

    The xDai Chain is a stable payments blockchain with a mission to improve speed and cost of stable transactions.STAKE is an ERC20-type token designed to support Proof-of-Stake consensus holding market driven value.

    Where Can I Buy xDai (STAKE) Tokens?

    xDai is not normally bought directly.First, Dai must be purchased on the Ethereum Mainnet.This can be done by exchanging fiat money for Dai.Then, using the TokenBridge that connects to the chain, xDai can be obtained in exchange for Dai.

    What Is xDai?

    Located on the Ethereum platform, xDai is a stablecoin with users from all across the world, inclusive of experienced crypto-users and first-time users.On the Ethereum-based sidechain under the name “xDai chain”, xDai is also the native stable currency used for everyday dealings at a low transaction fee yet high transaction speed.This chain was the first blockchain to have a USD-stable native currency, connecting POA Networks’ interoperability with MakerDAO’s Dai, and has grown to be highly recommended by many crypto-users.

    What is xDai?

    POA Network has launched the first-ever blockchain where the native currency of the chain is USD-stable.xDai Chain, an Ethereum compatible sidechain with Dai as the native currency of the network, combines POA Network’s interoperability knowledge and technology with MakerDAO’s Dai, the permissionless, crypto-collateralized USD-stable coin.

    Who Are the Founders of xDai?

    The founder of xDai (STAKE) is Igor Barinov.He is also the founder of the POA Network, an R&D company whose mission is to ensure that the Ethereum protocol is cheap, fast, secure and scalable.Barinov has developed several projects in the past, such as BlockScout and TokenBridge.

    How Many xDai (STAKE) Coins Are There in Circulation?

    The xDai chain uses the ERC20-to-native TokenBridge functionality to provide stable, fast and inexpensive transactions.

    Who Is The Founder Of xDai?

    Live since late 2018, xDai was founded by Igor Barinov, and was launched via POA Network (Proof of Authority – a consensus method that focuses on Ethereum transaction speed and costs).The very same creator has invented various recognised Ethereum features, such as the TokenBridge which allows for interoperability between different blockchains.

    What’s your position on the regulatory landscape today?

    We’ve seen some steps in terms of regulatory clarity in various countries, but there’s still quite a bit of uncertainty in the US and other jurisdictions.Even relatively simple issues like terminology vary significantly from jurisdiction to jurisdiction, so there’s not even consistency labeling digital assets at the moment.Just look at the recent Libra hearing and the statement by the president of China.

    Is xDai A Good Investment?

    With the launch of xDai, users in the crypto-community have earned the chance to experience fast transactions at an inexpensive fee, which to most members, is a perfect deal.Instantaneous transactions that do not unnecessarily blow your wallets can only be possible with xDai.

    What are your future thoughts for the DeFi market?

    DeFi looks to be the second sustainable use case for Ethereum, the first being the ICO model.I can’t help but think we’ve only scratched the surface of potential use cases for DeFi so long term it’s difficult to envision the future, but I anticipate the way we interact with financial markets will completely change.If you consider the fact that financial markets remain more or less unchanged since the Industrial Revolution, there’s plenty of room for innovation.

    What are your goals for the future?

    We are planning the xDai upgrade to POSDAO In Q1 of 2020.The current validators will be the initial stakers, and delegators will be able to place STAKE on any of these current validators immediately.New validator candidates will also be able to set up their own nodes and join the consensus process.Once xDai with POSDAO is up and running, we plan to introduce multichain staking to the ecosystem.This will allow new stable chains to come online using the same POSDAO consensus (with different validators) and the same STAKE staking token.

    What is Easy Staking?

    Easy Staking allows users to place STAKE into a contract and receive STAKE emissions on Ethereum.It provides an accessible staking mechanism for users and increases STAKE utility and DeFi composability.

    History of xDAI Stake