1xBit, a multi-currency crypto sportsbook, adds DAI to the list of the supported cryptocurrencies where the new coin meets another trailblazing stablecoin – USDT. What is the difference, and which is closer to you? Let’s find out!
DAI and USDT: The Trailblazing Stablecoins
The both stablecoins correspond the price of US Dollar, another common thing is that creators made the coins to foster transparency and security. So, what’s different?
USDT is the oldest stable coin that has become highly relevant in the marketplace. The major idea behind its establishment in 2014 was to create a stable coin that protects crypto users and stakeholders from volatility, price alterations, and downcast crypto experiences.
A real-world asset backs tether USDT. For every USDT, there’s a corresponding US dollar sitting in a bank. The efficiency of USDT is also expressed in the seamless exchange and transfer of assets.
DAI, the opposite, isn’t based on the strength of US dollars stacked in a bank account, but on the collateral strength of the Maker platform, leveraging the MKR token. If the value of DAI exceeds too far above the fixed Dollar value, then MKR (Maker) tokens are burned so that the price of DAI can be adjusted. This means you can trade and stake with an accurate estimation of your returns.
Make The Best of Euromania With These Stablecoins
One exciting way to maximize both of these coins is through gambling. 1xBit takes this possibility a step further through the platform’s unique offerings, features, and promotions.
You can use any of the two coins to take advantage of the hottest lottery – Euromania, specially designed to dedicate the long-awaited Euro 2020! We have also prioritized offering you a seamless experience by making it possible to switch between both DAI and USDT and 29 other cryptocurrencies of your choice.
With a Welcome bonus up to 7 BTC for the 1-4th deposits, full anonymity and instant payouts, 1xBit offers one more unique gift – free spins for depositing in DAI! How to get them?
Just sign up or register on 1xBit.com, make a minimal deposit of 150 DAI or more and the 50 free spins in QUEST TO THE WEST slot game by Betsoft will be credited to your “Bonuses and Gifts” section. The give away is time-limited and lasts till July, 20, hurry up to have a good game!
1xBit is a crypto sportsbook integrated with hundreds of games and live events. The platform is a multi-currency account that allows you switch across different cryptos while staking games on your favorite teams. With 100% anonymity and instant payout, 1xBit distinguishes itself in the gambling marketplace as a high-flyer.
Sounds tempting? You know what to do!