xDai is the first-ever USD stable blockchain. The market cap is $60,932,414 and the 24h volume is $3,054,505.
- What is xDai?
xDai is a stable payments blockchain which is 100% Ethereum compatible. There are 2 tokens associated with the xDai stable chain.
• xDai: A stable token used for transactions and fees on the xDai Chain. This token is not used for staking, it’s value is pegged to Dai and designed to stay stable at $1 USD.
• STAKE: The xDai governance token. This is the staking token used with Easy Staking or as a Liquidity Provider. STAKE is a volatile asset that secures the xDai chain.
- Who is the team behind xDai?
Veteran blockchain developer Igor Barinov serves as the team and operations lead. Additional team members (https://www.xdaichain.com/media/xdai-dev-team (https://www.xdaichain.com/media/xdai-dev-team)) bring years of experience building and delivering open-source projects including BlockScout block explorer and TokenBridge
- What is the initial STAKE token distribution?
Ongoing distribution and emission information is available here https://www.xdaichain.com/for-stakers/stake-token/stake-token-distribution (https://www.xdaichain.com/for-stakers/stake-token/stake-token-distribution)