About DAI and WMC
Dai is climbing, while Wrapped MistCoin is falling this week. The current DAI to WMC conversion rate is 0.5696. Inversely, this means that if you convert 1 WMC you will get 1.76 DAI. The conversion rate of DAI/WMC has decreased by 0.33% in the last hour (WMC/DAI increased by 0.33%). In the last 24 hours, DAI/WMC grew by 0.05%, while WMC/DAI shrunk by the same amount.
The exchange rate of Dai is decreasing. The current value of 1 DAI is 0.5696 WMC. In other words, to buy 5 Dai, it would cost you 2.848 WMC. Inversely, 1 WMC would allow you to trade for 1.76 DAI while 50 WMC would convert to 87.78 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.59%. Meanwhile, in the last 24 hours, the rate has changed by 0.11%, which means that the highest exchange rate of 1 DAI to WMC was 0.5734 WMC and the lowest 24 hour value was 1 DAI for 0.5681 WMC. Last month, 1 DAI was worth 0.6935 WMC. Today, it's down 21.75%. Looking back a year, Dai has changed by 0.1175 WMC. That means that in a single year, the value of Dai has grown by 79.37%.
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.
Wrapped MistCoin Market Stats
MistCoin is the prototype or manuscript for ERC-20. Its launch on November 3rd, 2015, coincided with the introduction of a custom token system for the Ethereum Mist Wallet. Ethereum pioneers Fabian Vogelsteller and Alex Van de Sande both lead the project. Following the release of MistCoin, hundreds of token contracts with the same exact code were deployed. Leading to the creation of the ERC-20 standard, designed and proposed by Fabian. In essence, MistCoin is the origin of every ERC-20 token. Wrapped MistCoin (WMC) was created to enable the seamless trading and use of MistCoin(MC) in a manner consistent with standard cryptocurrency protocols. This approach aligns with the conventional method applied when dealing with historical assets on Ethereum. Notably, other well-established digital assets, such as CryptoPunks, CryptoKitties, Etheria Tiles, among others, have undergone a very similar wrapping process to facilitate modern day use. WMC/MC can be freely Unwrapped and Wrapped, 1:1, by anyone at anytime.
Conversion tables
DAI to WMC values from Today at 4:24 pm
0.5 DAI = 0.2848 WMC |
1 DAI = 0.5696 WMC |
5 DAI = 2.85 WMC |
10 DAI = 5.70 WMC |
50 DAI = 28.48 WMC |
100 DAI = 56.96 WMC |
500 DAI = 284.80 WMC |
1,000 DAI = 569.60 WMC |
WMC to DAI values from Today at 4:25 pm
0.5 WMC = 0.8778 DAI |
1 WMC = 1.76 DAI |
5 WMC = 8.78 DAI |
10 WMC = 17.56 DAI |
50 WMC = 87.78 DAI |
100 WMC = 175.56 DAI |
500 WMC = 877.81 DAI |
1,000 WMC = 1,755.62 DAI |
DAI to WMC over time
DAI | Today | 24H -0.11% | 1M -21.75% | 1Y 79.37% |
|---|---|---|---|---|
0.5 DAI | 0.2848 WMC | 0.2851 WMC | 0.3467 WMC | 0.05875 WMC |
1 DAI | 0.5696 WMC | 0.5702 WMC | 0.6935 WMC | 0.1175 WMC |
5 DAI | 2.85 WMC | 2.85 WMC | 3.47 WMC | 0.5875 WMC |
10 DAI | 5.70 WMC | 5.70 WMC | 6.93 WMC | 1.17 WMC |
50 DAI | 28.48 WMC | 28.51 WMC | 34.67 WMC | 5.87 WMC |
100 DAI | 56.96 WMC | 57.02 WMC | 69.35 WMC | 11.75 WMC |
500 DAI | 284.80 WMC | 285.12 WMC | 346.74 WMC | 58.75 WMC |
1,000 DAI | 569.60 WMC | 570.24 WMC | 693.48 WMC | 117.49 WMC |
Frequently asked questions
Right now, 1 Dai is worth about CA$1.40.
Based on the current rate, you could get 0.7139 DAI for 1 CAD.
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 CAD calculator at the top of this page to convert any amount of DAI to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 3.57 DAI. Inversely, 5 DAI will cost about CA$7.00
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.
There are a number of crypto assets that have the a similar or comparable market cap to Dai, including Stellar Lumens, Bitcoin Cash, and Chainlink. For a more robust list of assets to explore, jump to the asset page dedicated to Dai.
Related conversions
Discover other cryptocurrencies to currency conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.