1xBit.com, one of the best-known sports betting and casino operators for crypto-lovers, has introduced a new cryptocurrency option: DAI token. For the site’s clients, DAI will represent a refreshing change, as it’s a stablecoin that has undergone only tiny fluctuations over the past three years. Like other similar currencies, DAI also enables anonymous and faster payments.
What Is DAI?
Supported by Ethereum blockchain technology, DAI is a coin whose value always remains the same as the USD’s. One of the most interesting things about the DAI token is that it’s supported by the MakerDAO lending platform. Every time someone takes a loan through this platform, a DAI token is generated. Once the DAI token is created, it continues its life as a stable Ethereum token. MakerDAO clients use DAI as the platform’s official currency to make payments and borrow money. Like any other Ethereum token, DAI can be transferred through an Ethereum wallet when making a purchase.
The best thing about DAI is that its stability is regulated with MKR tokens. If DAI’s value starts to fluctuate against the US dollar, MKR tokens are either produced or destroyed to stabilize DAI’s value.
1xBit.com and the DAI Token
DAI is the latest addition to the 1xBit.com payment list. Like other popular sites where you can bet with BTC or other cryptocurrencies, 1xBit provides a secure and reliable gambling environment. Currently, this online host has a welcome bonus offer that consists of 7 BTC, which is available for all new players. 1xBit.com also offers 50 free spins that you can use on the Quest to the West game if you deposit at least 150 in DAI.
1xBit.com was launched in 2016 and has since become one of the best online gambling venues for players who enjoy crypto gambling. The site offers versatile casino games, slots, and an extensive sportsbook section. 1xBit.com is widely praised for its rich selection of bonuses and promotions, which is the main reason why it’s an attractive gambling place for beginners and experienced punters alike.