Details about Die Protocol cryptocurrency
€3,167
5,000,000,000,000
0
Unknown
https://dieprotocol.com/
@DieProtocol
4810610x
€0.233839
Die Protocol price charts
DIE exchanges
Die Protocol, the crypto
Die Protocol (DIE) is an Ethereum-based stablecoin protocol that allows users to mint and burn stablecoins called DAI. The protocol is managed by a decentralized community of MKR token holders.
The point
The main point of Die Protocol (DIE) is to provide a stablecoin that is decentralized and can maintain a stable value of $1 USD. The stablecoin is backed by collateral of various cryptocurrencies such as ETH, BAT, WBTC, and others.
The problem
Die Protocol (DIE) aims to solve the problem of volatility in cryptocurrencies. By creating a stablecoin that is pegged to the value of the US dollar and backed by collateral of other cryptocurrencies, it provides a stable and decentralized alternative to traditional fiat currencies while still retaining the benefits of blockchain technology.
Compare DIE and BTC performance
| Timeframe | DIE | BTC |
|---|---|---|
| 1h change | 0.909385 % | -0.03589 % |
| 24h change | 3.51 % | -1.56763 % |
| 7 day change | -49.35 % | -7.88865 % |
| 14 day change | -23.59 % | -3.74424 % |
| 30 day change | -34.18 % | -12.485 % |
| 200 day change | 212.94 % | 124.079 % |
| Year change | 31.22 % | 117.295 % |