bitFlyer, which boasts the No. 1 Bitcoin trading volume in Japan for six consecutive years, began handling the new crypto asset " DAI " (hereafter "DAI") on February 19, 2024 (Monday). In addition, to celebrate bitFlyer's 10th anniversary, a campaign to win DAI worth 50,000 yen is currently underway.
Started to handle crypto asset "DAI"!
bitFlyer has newly started handling the stable coin "DAI". Crypto asset "DAI" is a crypto asset running on the Ethereum blockchain. The DAI is issued and its price is adjusted by smart contracts developed and operated by MakerDAO, a decentralized autonomous organization, with a target value of "1 DAI = 1 US Dollar" using various crypto assets including Ethereum (ETH) as collateral. The price of DAI is significantly lower than that of conventional crypto assets.
Compared to conventional crypto assets, this system is controlled to reduce the chance of significant price fluctuations, making it suitable for daily transactions and for use as a means of storing assets. It is particularly convenient as a means of international remittance and settlement, and can be used for stable value. The underlying asset is not secured to guarantee the value of 1 DAI = 1 US dollar, and since the price of DAI is determined by the supply and demand in the market, there is a possibility that the price may fall significantly against the target price due to market fluctuations and other factors. The crypto asset is suitable for a wide range of use cases, including value storage and exchange, investment, borrowing, and lending in decentralized applications.
- Currency Name: Dai
- Ticker Symbol: DAI
BitFlyer 10th anniversary! Campaign to win new crypto assets!
bitFlyer celebrated its 10th anniversary on January 9, 2024 (Tuesday), and will hold a campaign to win "Dai," a new crypto asset that it has just started handling. Up to 10 winners will be selected by drawing from among those who answer the bitFlyer 10th anniversary quiz and purchase crypto assets worth 10,000 yen or more at bitFlyer sales outlets during the campaign period, and will receive a die worth 50,000 yen. The campaign period is from Monday, February 19, 2024 to Tuesday, March 19, 2024 at 23:59 Japan time, and the timing of the gift will be mid-April 2024.
Campaign conditions
- Completion of opening a bitFlyer account up to the verification of your identity
- Completed entry from the campaign page
- Answer the bitFlyer 10th anniversary quiz
- Purchase crypto assets of 10,000 yen or more at bitFlyer's sales outlets during the campaign period *Any type of crypto assets purchased at bitFlyer's sales outlets.
bitFlyer offers no trading fees for sales offices and bitcoin FX, and handles 25 virtual currencies including bitcoin, ripple, and ethereum, which can be bought and sold from as little as 1 yen. You can open an account for free in as little as 10 minutes, and you can start trading virtual currencies immediately after making a deposit. For more details, please check the official bitFlyer website.