Sai

$SAI

$12.21

0.37%

What is Sai?

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be Read more

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be trusted. Dai lives entirely within the Ethereum blockchain using smart contracts. *Features of Dai: 1. Dai is always worth $1 USD each 2. It can be freely traded like any other ERC20 token 3. Anyone with an Ethereum wallet can own, accept, and transfer it 4. It can be exchanged without any middleman 5. No individual person or company has control over it 6. No government or authority can shut it down *How Dai Works? Dai is a masterpiece of game theory that carefully balances economic incentives in the pursuit of one goal — a token that is continuously approaching the value of $1 USD. When Dai is worth above $1, mechanisms work to decrease the price. When Dai is worth below $1, mechanisms work to increase the price. The rational actors that take part in these mechanisms do so because they earn money anytime Dai is not perfectly worth $1. This is why Dai is always floating slightly above or below $1 — it is an endless wave function bouncing infinitely close to $1, but never quite achieving it. The farther Dai goes from $1, the more incentive there is to fix it. This is the magic of Dai. *How is Dai Created? Dai is simply a loan against Ethereum. By using the MakerDAO dApp, advanced users can take loans out in Dai against their ETH holdings. First, ETH is turned into “wrapped ETH” (WETH), which is simply an ERC20 wrapping around ETH. This “tokenizes” ETH so it can be used like any other ERC20 token. Next, WETH is turned into “pooled ETH” (PETH), which means it joins a large pool of Ethereum that is the collateral for all Dai created. Once you have PETH, you can create a “collateralized debt position” (CDP), which locks up your PETH and allows you to draw Dai against your collateral, which is PETH. As you draw out Dai, the ratio of debt in the CDP increases. There is a debt limit that sets a maximum amount of Dai you can draw against your CDP. Once you have Dai, you can spend or trade it freely like any other ERC20 token. *There are several important reasons why you would create Dai, despite the hassle: 1. You need a loan, and have an asset (ETH) to use as collateral for your loan 2. You believe ETH is going up in value. You can use your CDP to buy ETH on margin — you lock up your ETH in a CDP, draw Dai against it, use the Dai to buy more ETH on an exchange, and then use that ETH to further increase the size of your CDP. This can be accomplished without any third-party or centralized authority allowing you to do so — margin trading can be accomplished entirely on the blockchain. 3. The demand for Dai has driven the price above $1 USD. When this occurs, you can create Dai then immediately sell it on an exchange for greater than $1 USD. This is essentially free money, and is one of the mechanisms the Maker system uses to keep Dai pegged to $1 USD. Dai being worth over $1 USD encourages more Dai to be created. These three reasons are enough to ensure that Dai is continually created.

What is Sai?

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is wor Read more

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be trusted. Dai lives entirely within the Ethereum blockchain using smart contracts. *Features of Dai: 1. Dai is always worth $1 USD each 2. It can be freely traded like any other ERC20 token 3. Anyone with an Ethereum wallet can own, accept, and transfer it 4. It can be exchanged without any middleman 5. No individual person or company has control over it 6. No government or authority can shut it down *How Dai Works? Dai is a masterpiece of game theory that carefully balances economic incentives in the pursuit of one goal — a token that is continuously approaching the value of $1 USD. When Dai is worth above $1, mechanisms work to decrease the price. When Dai is worth below $1, mechanisms work to increase the price. The rational actors that take part in these mechanisms do so because they earn money anytime Dai is not perfectly worth $1. This is why Dai is always floating slightly above or below $1 — it is an endless wave function bouncing infinitely close to $1, but never quite achieving it. The farther Dai goes from $1, the more incentive there is to fix it. This is the magic of Dai. *How is Dai Created? Dai is simply a loan against Ethereum. By using the MakerDAO dApp, advanced users can take loans out in Dai against their ETH holdings. First, ETH is turned into “wrapped ETH” (WETH), which is simply an ERC20 wrapping around ETH. This “tokenizes” ETH so it can be used like any other ERC20 token. Next, WETH is turned into “pooled ETH” (PETH), which means it joins a large pool of Ethereum that is the collateral for all Dai created. Once you have PETH, you can create a “collateralized debt position” (CDP), which locks up your PETH and allows you to draw Dai against your collateral, which is PETH. As you draw out Dai, the ratio of debt in the CDP increases. There is a debt limit that sets a maximum amount of Dai you can draw against your CDP. Once you have Dai, you can spend or trade it freely like any other ERC20 token. *There are several important reasons why you would create Dai, despite the hassle: 1. You need a loan, and have an asset (ETH) to use as collateral for your loan 2. You believe ETH is going up in value. You can use your CDP to buy ETH on margin — you lock up your ETH in a CDP, draw Dai against it, use the Dai to buy more ETH on an exchange, and then use that ETH to further increase the size of your CDP. This can be accomplished without any third-party or centralized authority allowing you to do so — margin trading can be accomplished entirely on the blockchain. 3. The demand for Dai has driven the price above $1 USD. When this occurs, you can create Dai then immediately sell it on an exchange for greater than $1 USD. This is essentially free money, and is one of the mechanisms the Maker system uses to keep Dai pegged to $1 USD. Dai being worth over $1 USD encourages more Dai to be created. These three reasons are enough to ensure that Dai is continually created.

C 60
Follower
232,130 (#623)
17.74% 7D
Activity
25/100
0% 7D
Sentiment
Positive
Follower
65,692 (#145)
29.17% 7D
Activity
25/100
0% 7D
Sentiment
Positive
Follower
1,577 (#2098)
0.32% 7D
Activity
25/100
0% 7D
Sentiment
Positive
Follower
755 (#2914)
0.26% 7D
Activity
0/100
0% 7D
Sentiment
Positive

ℹ ️ Insufficient Data

Couldn't find anything unusual due to lack of data.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Market Cap

$32.89M

Fully Diluted Valuation

$32.89M

Volume 24h

$12

All Time High May 14 2021

$25 51.7%

ATH Circulating Supply

$2.70M

Total Supply

$2.70M

Max Supply

$2.70M

All Time Low May 10 2020

$0.00 1219%

Channels Rank Followers Posts/Day Comments/Posts Active Users
Twitter
@SharpeLabs
#454 164,106 2.00 22.83
Discord
@Sharpe AI
#145 65,692
Coingecko
@Sai (SAI)
#2098 1,577
CoinMarketcap
@Sharpe AI
#2914 755

Community Score

C 60

Sai's community is presently assigned a 'C' grade, showing a moderate level of follower interactions. It has a substantial follower base and experiencing booming growth. The community is less active than most along with a generally positive sentiment among its members.


Community Metrics

Followers
232k
Large
Follower
Growth (30d)
+268.02%
Rapid Growth
Sentiment
19/100
Positive
Activity
25/100
Note: A past airdrop may have temporarily increased community engagement, which might not reflect the project's ongoing commitment.
Development 24 h 7 d 14 d 30 d
Price 0.37% 1.79% 6.01% 8.34%
Follower 2.51% 17.74% 48.47% 268.02%

Daily Social Panel

Daily relevant Posts from Twitter, Telegram and Reddit ranked by our Smart Relevance Score.

2024-08-28 12:14
RT @BingXOfficial: 🎁 $SAI Listing Carnival @SharpeLabs 💰 Simply Trade $SAI and share a prize pool up to 327,000 SAI! Details 👉 = https://t…
458
Score 56
2024-08-28 10:32
$SAI staking is now LIVE! 🚨 Stake your $SAI now to earn 35% APY 🤯💰 Stake now: https://t.co/UIkqWgo0lF https://t.co/EiV6SEAqLV
22
Score 24
2024-08-29 12:11
RT @top7ico: Sharpe AI has launched SAI token staking with up to 35% APR @SharpeLabs has rolled out SAI token staking with up to 35% APR.…
2
Score 15
2024-08-28 12:01
RT @RR2Capital: ⚡️ After a successful @SharpeLabs launch, its now time for $SAI staking. 🔥 Stake your $SAI now to earn 35% APY 😀 Stake h…
8
Score 11
2024-08-30 13:11
The moment you've been waiting for! ⏰ The $SAI airdrop claim page goes LIVE TOMORROW at 9 AM UTC! 🌟 Set your alarms, ready your wallets, and be among the first to claim! 👊 https://t.co/UxBdxqJnng
28
Score 10
2024-08-28 06:34
RT @MasonVersluis: Sharpe AI $SAI launched today, this is one of the projects I am seed invested in! Will be holding this long term as one…
18
Score 10
2024-08-28 06:33
RT @tehMoonwalkeR: $SAI is live, wait for the paper hands to sell and slowly DCA and build a bag This is a solid one for the upcoming run!…
6
Score 8
2024-08-30 11:56
RT @KongBTC: Another AI project to accumulate and stake it simply! FULL SEND $SAI! Staking mine today!
4
Score 8
2024-08-29 11:00
RT @Crypto_Dep: ⚡️ @SharpeLabs announces the launch of $SAI staking with an APY of 35% Users can now stake their #SAI tokens and earn rew…
4
Score 8
2024-08-28 11:14
RT @tehMoonwalkeR: Stake your $SAI now to earn 35% APY
11
Score 5
2024-08-28 08:15
New Listing: $ORDER 🔥 Trade @OrderlyNetwork on Sharpe Perp DEX with up to 10x leverage! Trade Now: https://t.co/rlTwnhfKBV https://t.co/Iba2kS4Xrp
10
Score 4
2024-08-28 13:27
Sharpe AI x @CryptoDaku_ AMA goes live in 30 minutes at 12 PM UTC! 🚨 Don't miss out—dive deep into all things $SAI 🔥 Join us here: https://t.co/gQ9rgoehRx https://t.co/U7vNqgCjbD
14
Score 4
2024-08-29 12:29
Beware of Scammers! 🚨 We’ve noticed several fake projects pretending to be us. Stay vigilant and always verify official channels before engaging. $SAI is officially listed on these exchanges: Gate: https://t.co/qavAjZp9sF MEXC: https://t.co/1DyBW[...]
22
Score 4
2024-08-29 17:16
RT @CryptoDiffer: ❗️@SharpeLabs has rolled out $SAI staking with up to 35% APR Users can now stake $SAI with a minimum 60 days lockup. Amo…
5
Score 2
2024-08-28 13:34
RT @CryptoAtlas_io: Founder Story: Rishabh - Sharpe Meet @0xReiKai, Co-Founder of @SharpeLabs, a cutting-edge crypto app using AI to simpl…
3
Score 1

Sai

$SAI

$12.21

0.37%

What is Sai?

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be Read more

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be trusted. Dai lives entirely within the Ethereum blockchain using smart contracts. *Features of Dai: 1. Dai is always worth $1 USD each 2. It can be freely traded like any other ERC20 token 3. Anyone with an Ethereum wallet can own, accept, and transfer it 4. It can be exchanged without any middleman 5. No individual person or company has control over it 6. No government or authority can shut it down *How Dai Works? Dai is a masterpiece of game theory that carefully balances economic incentives in the pursuit of one goal — a token that is continuously approaching the value of $1 USD. When Dai is worth above $1, mechanisms work to decrease the price. When Dai is worth below $1, mechanisms work to increase the price. The rational actors that take part in these mechanisms do so because they earn money anytime Dai is not perfectly worth $1. This is why Dai is always floating slightly above or below $1 — it is an endless wave function bouncing infinitely close to $1, but never quite achieving it. The farther Dai goes from $1, the more incentive there is to fix it. This is the magic of Dai. *How is Dai Created? Dai is simply a loan against Ethereum. By using the MakerDAO dApp, advanced users can take loans out in Dai against their ETH holdings. First, ETH is turned into “wrapped ETH” (WETH), which is simply an ERC20 wrapping around ETH. This “tokenizes” ETH so it can be used like any other ERC20 token. Next, WETH is turned into “pooled ETH” (PETH), which means it joins a large pool of Ethereum that is the collateral for all Dai created. Once you have PETH, you can create a “collateralized debt position” (CDP), which locks up your PETH and allows you to draw Dai against your collateral, which is PETH. As you draw out Dai, the ratio of debt in the CDP increases. There is a debt limit that sets a maximum amount of Dai you can draw against your CDP. Once you have Dai, you can spend or trade it freely like any other ERC20 token. *There are several important reasons why you would create Dai, despite the hassle: 1. You need a loan, and have an asset (ETH) to use as collateral for your loan 2. You believe ETH is going up in value. You can use your CDP to buy ETH on margin — you lock up your ETH in a CDP, draw Dai against it, use the Dai to buy more ETH on an exchange, and then use that ETH to further increase the size of your CDP. This can be accomplished without any third-party or centralized authority allowing you to do so — margin trading can be accomplished entirely on the blockchain. 3. The demand for Dai has driven the price above $1 USD. When this occurs, you can create Dai then immediately sell it on an exchange for greater than $1 USD. This is essentially free money, and is one of the mechanisms the Maker system uses to keep Dai pegged to $1 USD. Dai being worth over $1 USD encourages more Dai to be created. These three reasons are enough to ensure that Dai is continually created.

What is Sai?

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is wor Read more

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be trusted. Dai lives entirely within the Ethereum blockchain using smart contracts. *Features of Dai: 1. Dai is always worth $1 USD each 2. It can be freely traded like any other ERC20 token 3. Anyone with an Ethereum wallet can own, accept, and transfer it 4. It can be exchanged without any middleman 5. No individual person or company has control over it 6. No government or authority can shut it down *How Dai Works? Dai is a masterpiece of game theory that carefully balances economic incentives in the pursuit of one goal — a token that is continuously approaching the value of $1 USD. When Dai is worth above $1, mechanisms work to decrease the price. When Dai is worth below $1, mechanisms work to increase the price. The rational actors that take part in these mechanisms do so because they earn money anytime Dai is not perfectly worth $1. This is why Dai is always floating slightly above or below $1 — it is an endless wave function bouncing infinitely close to $1, but never quite achieving it. The farther Dai goes from $1, the more incentive there is to fix it. This is the magic of Dai. *How is Dai Created? Dai is simply a loan against Ethereum. By using the MakerDAO dApp, advanced users can take loans out in Dai against their ETH holdings. First, ETH is turned into “wrapped ETH” (WETH), which is simply an ERC20 wrapping around ETH. This “tokenizes” ETH so it can be used like any other ERC20 token. Next, WETH is turned into “pooled ETH” (PETH), which means it joins a large pool of Ethereum that is the collateral for all Dai created. Once you have PETH, you can create a “collateralized debt position” (CDP), which locks up your PETH and allows you to draw Dai against your collateral, which is PETH. As you draw out Dai, the ratio of debt in the CDP increases. There is a debt limit that sets a maximum amount of Dai you can draw against your CDP. Once you have Dai, you can spend or trade it freely like any other ERC20 token. *There are several important reasons why you would create Dai, despite the hassle: 1. You need a loan, and have an asset (ETH) to use as collateral for your loan 2. You believe ETH is going up in value. You can use your CDP to buy ETH on margin — you lock up your ETH in a CDP, draw Dai against it, use the Dai to buy more ETH on an exchange, and then use that ETH to further increase the size of your CDP. This can be accomplished without any third-party or centralized authority allowing you to do so — margin trading can be accomplished entirely on the blockchain. 3. The demand for Dai has driven the price above $1 USD. When this occurs, you can create Dai then immediately sell it on an exchange for greater than $1 USD. This is essentially free money, and is one of the mechanisms the Maker system uses to keep Dai pegged to $1 USD. Dai being worth over $1 USD encourages more Dai to be created. These three reasons are enough to ensure that Dai is continually created.

Development 24 h 7 d 14 d 30 d
Price 0.37% 1.79% 6.01% 8.34%
Follower 2.51% 17.74% 48.47% 268.02%

Market Cap

$32.89M

Fully Diluted Valuation

$32.89M

Volume 24h

$12

All Time High May 14 2021

$25 51.7%

ATH Circulating Supply

$2.70M

Total Supply

$2.70M

Max Supply

$2.70M

All Time Low May 10 2020

$0.00 1219%

Channels Rank Followers Posts/Day Comments/Posts Active Users
Twitter
@SharpeLabs
#454 164,106 2.00 22.83
Discord
@Sharpe AI
#145 65,692
Coingecko
@Sai (SAI)
#2098 1,577
CoinMarketcap
@Sharpe AI
#2914 755
C 60
Follower
232,130 (#623)
17.74% 7D
Activity
25/100
0% 7D
Sentiment
Positive
Follower
65,692 (#145)
29.17% 7D
Activity
25/100
0% 7D
Sentiment
Positive
Follower
1,577 (#2098)
0.32% 7D
Activity
25/100
0% 7D
Sentiment
Positive
Follower
755 (#2914)
0.26% 7D
Activity
0/100
0% 7D
Sentiment
Positive

ℹ ️ Insufficient Data

Couldn't find anything unusual due to lack of data.

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Daily Social Panel

Daily relevant Posts from Twitter, Telegram and Reddit ranked by our Smart Relevance Score.

2024-08-28 12:14
RT @BingXOfficial: 🎁 $SAI Listing Carnival @SharpeLabs 💰 Simply Trade $SAI and share a prize pool up to 327,000 SAI! Details 👉 = https://t…
458
Score 56
2024-08-28 10:32
$SAI staking is now LIVE! 🚨 Stake your $SAI now to earn 35% APY 🤯💰 Stake now: https://t.co/UIkqWgo0lF https://t.co/EiV6SEAqLV
22
Score 24
2024-08-29 12:11
RT @top7ico: Sharpe AI has launched SAI token staking with up to 35% APR @SharpeLabs has rolled out SAI token staking with up to 35% APR.…
2
Score 15
2024-08-28 12:01
RT @RR2Capital: ⚡️ After a successful @SharpeLabs launch, its now time for $SAI staking. 🔥 Stake your $SAI now to earn 35% APY 😀 Stake h…
8
Score 11
2024-08-30 13:11
The moment you've been waiting for! ⏰ The $SAI airdrop claim page goes LIVE TOMORROW at 9 AM UTC! 🌟 Set your alarms, ready your wallets, and be among the first to claim! 👊 https://t.co/UxBdxqJnng
28
Score 10
2024-08-28 06:34
RT @MasonVersluis: Sharpe AI $SAI launched today, this is one of the projects I am seed invested in! Will be holding this long term as one…
18
Score 10
2024-08-28 06:33
RT @tehMoonwalkeR: $SAI is live, wait for the paper hands to sell and slowly DCA and build a bag This is a solid one for the upcoming run!…
6
Score 8
2024-08-30 11:56
RT @KongBTC: Another AI project to accumulate and stake it simply! FULL SEND $SAI! Staking mine today!
4
Score 8
2024-08-29 11:00
RT @Crypto_Dep: ⚡️ @SharpeLabs announces the launch of $SAI staking with an APY of 35% Users can now stake their #SAI tokens and earn rew…
4
Score 8
2024-08-28 11:14
RT @tehMoonwalkeR: Stake your $SAI now to earn 35% APY
11
Score 5
2024-08-28 08:15
New Listing: $ORDER 🔥 Trade @OrderlyNetwork on Sharpe Perp DEX with up to 10x leverage! Trade Now: https://t.co/rlTwnhfKBV https://t.co/Iba2kS4Xrp
10
Score 4
2024-08-28 13:27
Sharpe AI x @CryptoDaku_ AMA goes live in 30 minutes at 12 PM UTC! 🚨 Don't miss out—dive deep into all things $SAI 🔥 Join us here: https://t.co/gQ9rgoehRx https://t.co/U7vNqgCjbD
14
Score 4
2024-08-29 12:29
Beware of Scammers! 🚨 We’ve noticed several fake projects pretending to be us. Stay vigilant and always verify official channels before engaging. $SAI is officially listed on these exchanges: Gate: https://t.co/qavAjZp9sF MEXC: https://t.co/1DyBW[...]
22
Score 4
2024-08-29 17:16
RT @CryptoDiffer: ❗️@SharpeLabs has rolled out $SAI staking with up to 35% APR Users can now stake $SAI with a minimum 60 days lockup. Amo…
5
Score 2
2024-08-28 13:34
RT @CryptoAtlas_io: Founder Story: Rishabh - Sharpe Meet @0xReiKai, Co-Founder of @SharpeLabs, a cutting-edge crypto app using AI to simpl…
3
Score 1


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