About DAI and XMD
Dai is falling, while Metal Dollar is climbing this week. The current DAI to XMD conversion rate is 0.9996. Inversely, this means that if you convert 1 XMD you will get 1.00 DAI. The conversion rate of DAI/XMD has decreased by 1.39% in the last hour (XMD/DAI increased by 1.39%). In the last 24 hours, DAI/XMD shrunk by 0.06%, while XMD/DAI grew by the same amount.
The exchange rate of Dai is decreasing. The current value of 1 DAI is 0.9996 XMD. In other words, to buy 5 Dai, it would cost you 4.9982 XMD. Inversely, 1 XMD would allow you to trade for 1.00 DAI while 50 XMD would convert to 50.02 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.73%. Meanwhile, in the last 24 hours, the rate has changed by 0.11%, and that the highest exchange rate of 1 DAI to XMD was 1.03 XMD and the lowest 24 hour value was 1 DAI for 0.9796 XMD. Last month, 1 DAI was worth 0.9923 XMD. Today, it's up 0.74%. Looking back a year, Dai has changed by 0.997 XMD. That means that in a single year, the value of Dai has grown by 0.26%.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Metal Dollar Market Stats
What is the project about? The Metal Dollar (XMD) represents an innovative approach to stablecoins, operating on the Proton Blockchain. Its design brings increased stability, transparency, and efficiency to digital transactions. Uniquely, XMD is backed by an array of established, non-algorithmic bank reserve-backed stablecoins, including USDC, USDT, and PAX, a method intended to mitigate risks associated with single-issuer or algorithmic stablecoins and enhance stability. What makes your project unique? The Metal Dollar distinguishes itself from traditional stablecoins by pegging its value to a selection of established stablecoins, providing an innovative approach to stability and governance. It utilizes the Proton Blockchain's features to enable secure, efficient transactions with swift confirmation times, high throughput, and low fees. The project is also characterized by a decentralized governance model supported by the Metal DAO (XMT) token. XMT token holders can propose and vote on crucial decisions concerning the Metal Dollar protocol, facilitating a democratic and inclusive management over the protocol's direction. History of your project. The Metal Dollar project came into existence in 2022 as a response to the growing demand for stability and reliability in the crypto market. It aims to combine the benefits of non-algorithmic bank reserve-backed stablecoins with the transparency, security, and efficiency offered by the Proton Blockchain. What’s next for your project? Plans for XMD include collaborations with industry stakeholders to increase its reach and enhance functionality. Future developments envision interoperability with other blockchain networks and increased integration with DApps. What can your token be used for? XMD, as a stablecoin, facilitates transactions on ProtonDEX.com. The process to mint XMD involves bridging supported stablecoins onto Proton Blockchain. The value of XMD is pegged to the basket of these supported stablecoins.
Conversion tables
DAI to XMD values from Today at 11:17 pm
0.5 DAI = 0.4998 XMD |
1 DAI = 0.9996 XMD |
5 DAI = 5.00 XMD |
10 DAI = 10.00 XMD |
50 DAI = 49.98 XMD |
100 DAI = 99.96 XMD |
500 DAI = 499.82 XMD |
1,000 DAI = 999.64 XMD |
XMD to DAI values from Today at
0.5 XMD = 0.5002 DAI |
1 XMD = 1.00 DAI |
5 XMD = 5.00 DAI |
10 XMD = 10.00 DAI |
50 XMD = 50.02 DAI |
100 XMD = 100.04 DAI |
500 XMD = 500.18 DAI |
1,000 XMD = 1,000.36 DAI |
DAI to XMD over time
DAI | Today | 24H -0.11% | 1M 0.74% | 1Y 0.26% |
|---|---|---|---|---|
0.5 DAI | 0.4998 XMD | 0.5004 XMD | 0.4961 XMD | 0.4985 XMD |
1 DAI | 0.9996 XMD | 1.00 XMD | 0.9923 XMD | 0.997 XMD |
5 DAI | 5.00 XMD | 5.00 XMD | 4.96 XMD | 4.99 XMD |
10 DAI | 10.00 XMD | 10.01 XMD | 9.92 XMD | 9.97 XMD |
50 DAI | 49.98 XMD | 50.04 XMD | 49.61 XMD | 49.85 XMD |
100 DAI | 99.96 XMD | 100.07 XMD | 99.23 XMD | 99.70 XMD |
500 DAI | 499.82 XMD | 500.36 XMD | 496.14 XMD | 498.52 XMD |
1,000 DAI | 999.64 XMD | 1,000.71 XMD | 992.28 XMD | 997.05 XMD |
Frequently asked questions
Right now, 1 Dai is worth about $0.9996.
Based on the current rate, you could get 1.00 DAI for 1 USD.
Dai price has been on the rise. Since yesterday, the exchange rate of Dai has increased. Since last month, the exchange rate of Dai has decreased. Since this time last year, the price of Dai has decreased.
You can use our DAI to USD calculator at the top of this page to convert any amount of DAI to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 5.00 DAI. Inversely, 5 DAI will cost about $5.00
Dai is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Dai.
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