Dear beloved Bvnex user,
Today we are happy to announce that MKR and SAI are officially listed on Bvnex. Starting from now, you can deposit SAI or VNDT for trading pair KAL/VNDT and deposit MKR or USDT for trading pair MKR/USDT
Open Trading: 09:00:00 13/12/2019 GMT+7
Open Deposit & Withdrawal: 09:00:00 13/12/2019 GMT+7
Maker is a smart contract platform on the Ethereum chain that backs and stabilizes the value of stablecoin DAI through a dynamic system of Collateralized Debt Positions (CDP), autonomous feedback mechanisms, and appropriately incentivized external actors. MKR tokens are created or destroyed in accordance with price fluctuations of the DAI coin in order to keep it as close to $1 USD as possible, and is part of a fully inspectable system on the Ethereum blockchain. MKR tokens are also used to pay transaction fees on the Maker system, and provides holders with voting rights within Maker’s continuous approval voting system.
2. SAI(Single Collateral DAI)
Dai (DAI) is a USD-pegged stablecoin built on the Ethereum blockchain, and has no centralized authority. Its $1 USD equivalent is maintained through automatic pricing mechanisms built into smart contracts. When Dai is worth more than $1, the smart contract pricing mechanisms works to decrease the price. Conversely, when Dai is worth below $1, the smart contract pricing mechanisms works to increase the price. Dai can be freely traded like any other ERC20 token, and anyone with an Ethereum wallet can own, accept, and transfer it without a middleman.
Crypto investment is subject to high market risk. Please make your investments cautiously. Bvnex will make best efforts to choose high quality coins, but will not be responsible for your investment losses
Thanks for your trust and companion,