bitFlyer, which has boasted the No. 1 Bitcoin trading volume in Japan for six consecutive years, began supporting the new crypto asset DAI on Monday, February 19, 2024.
Additionally, in celebration of the bitFlyer 10th anniversary, a campaign is underway where users can win 50,000 yen worth of DAI.
(Note: This article is based on information released in Japan.)
Crypto Asset DAI Now Available!
bitFlyer has begun supporting the new stablecoin DAI.
DAI is a crypto asset that operates on the Ethereum blockchain.
With various crypto assets including Ethereum (ETH) as collateral, the issuance and price adjustment of DAI are performed by smart contracts managed and operated by MakerDAO, a decentralized autonomous organization, with a target value of 1 DAI = 1 US Dollar.
Controls aimed at reducing the potential for significant price fluctuations compared to traditional crypto assets have been implemented, making it suitable for daily transactions and as a means of preserving assets.
In particular, it offer high convenience as a means of international remittance and settlement while seeking a stable value.
The underlying assets to guarantee the value of 1 DAI = 1 US Dollar are not secured; since the price of DAI is determined according to market supply and demand, there is a possibility that it may fall significantly against the target price due to market fluctuations.
The crypto asset supports a wide range of use cases such as the storage and exchange of value in decentralized applications, investment, borrowing, and lending.
- Currency Name: DAI
- Ticker Symbol: DAI
bitFlyer 10th Anniversary! Campaign Held to Win New Crypto Assets
bitFlyer celebrated its 10th anniversary of establishment on Tuesday, January 9, 2024, and a campaign will be implemented to win the new crypto asset DAI, which began being handled at this time.
Among those who answer the bitFlyer 10th Anniversary Quiz and purchase 10,000 yen or more of crypto assets at the bitFlyer Buy/Sell exchange during the campaign period, up to 10 people will be presented with 50,000 yen worth of DAI by lottery.
The campaign period is from Monday, February 19, 2024, to Tuesday, March 19, 2024, at 11:59 PM JST, and the gift presentation will take place in mid-April 2024.
Campaign Conditions
The campaign conditions are as follows:
- Account opening with bitFlyer is completed through identity verification
- Entry is completed via the campaign page
- Answer the bitFlyer 10th Anniversary Quiz
- Purchase 10,000 yen or more of crypto assets at the bitFlyer Buy/Sell exchange during the campaign period
(Regardless of the variety of crypto assets purchased at the bitFlyer Buy/Sell exchange.)
At bitFlyer, buying and selling commissions at the Buy/Sell exchange and trading commissions for Bitcoin FX can be performed free of charge. The platform supports 25 varieties of virtual currencies, such as Bitcoin, Ripple, and Ethereum, which can be bought and sold starting from 1 yen.
Account creation is free, an account can be opened in as little as 10 minutes, and you can start buying and selling virtual currency immediately after depositing, so why not try opening an account?
Please check the bitFlyer official website for details.
