Buy Qi Dao (QI)
What is Qi Dao?
Qi Dao is an overcollateralised stablecoin protocol that enables users to mint stablecoins by using their decentralised token collaterals. This process involves creating loans that are denominated in stablecoins.
How does Qi Dao work?
Qi Dao functions on an overcollateralised system, which means users need to deposit crypto assets as collateral to mint its stablecoin, MAI. The protocol operates across multiple blockchain networks, utilising smart contracts to manage the lending, borrowing, and collateral management processes. It incorporates technologies like Chainlink to secure collateral calculations with reliable market data.
What are the potential use cases for Qi Dao?
Potential use cases for Qi Dao include:
- Decentralised lending and borrowing without interest.
- Providing liquidity within the DeFi ecosystem.
- Utilising the MAI stablecoin in various trading platforms and decentralised exchanges for efficient trading.
- Collaborating with other DeFi projects to improve liquidity and ecosystem interoperability.
What is the history of Qi Dao?
Qi Dao originated as a decentralised lending protocol, a fork of Maker, and has been primarily deployed on the Polygon network. It has achieved significant milestones, such as integrating with Chainlink, expanding its multi-chain support, and forming partnerships with projects like Frax and Lido to enhance interoperability and market presence. It is a community-governed protocol, ensuring decentralised decision-making through its governance token, Qi.
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Frequently Asked Questions (FAQs)
What is the current price of Qi Dao (QI)?
The Qi Dao price is $0.00059508 AUD, representing a -1.67% from the day prior.
Where is the best place to buy Qi Dao (QI) in Australia?
The best place to buy Qi Dao (QI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Qi Dao (QI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Qi Dao (QI)?
The trading volume of Qi Dao (QI) is $1.0K AUD in the last 24hrs, representing a -1.67% from the day prior.
How can I buy Qi Dao (QI)?
Qi Dao (QI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Qi Dao (QI)?
The current market cap of Qi Dao (QI) is $5.2M AUD.
Can I convert Qi Dao (QI) to cash?
Yes - With Coinstash you can convert your Qi Dao (QI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Qi Dao (QI) are there?
The current circulating supply of Qi Dao (QI) is 146.4M.
Is Coinstash a safe place to buy Qi Dao (QI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Qi Dao (QI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.