- #3151
Qi Dao QI
QI Price
Market Cap
$52,257.37Rank #3151FDV
$124,600.00Rank #8525Investors
Twitter Followers
Twitter Performance
531Rank by Twitter #2655- 0
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- 4000
Detailed Performance
QI shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
QI to USD Converter
Price History
- All-Time High
- $6.099775x to ATH
- All-Time Low
- $0.0001863.35x to ATL
- Trade Launch Date
- 4 Jun, 2021
1081 days ago
Exchanges
Exchanges type
About QI
QiDao is a decentralized and community-governed stablecoin protocol. It is based on Polygon and is designed to be self-sustaining. The protocol's native stablecoin is called MAI and is secured by overcollateralization. QiDao also has a frontend called Mai Finance, which allows users to interact with the various products of the protocol.
What makes Qi Dao unique?
QiDao is unique compared to other cryptocurrencies for several reasons:
1. Stablecoin Protocol: QiDao is Polygon's first native stablecoin protocol. It focuses on creating a stablecoin called MAI, which is secured by being overcollateralized. This ensures that there is always more value locked in the protocol than the worth of outstanding MAI, providing stability and confidence to users.
2. Community Governance: QiDao is a community-governed protocol. Decisions regarding the protocol's development, including the addition of new collateral tokens, are made through voting by the community. Users with more Qi tokens have more voting power, allowing them to actively participate in shaping the future of the protocol.
3. Decentralization: QiDao aims to be decentralized, with no centralized authority controlling the protocol. This means that the decisions and governance of the protocol are in the hands of the community, ensuring transparency, fairness, and resilience.
4. Collaboration: QiDao actively collaborates with other protocols, such as the partnership with Frax mentioned in the updates. These collaborations aim to mutually benefit both protocols by attracting more liquidity providers, improving liquidity depth, and enhancing market efficiency. Such collaborations contribute to the growth and adoption of QiDao within the crypto ecosystem.
5. Incentives: QiDao incentivizes its users through various mechanisms. For example, users can increase their voting power, referred to as Qi Powah, by locking their Qi tokens for a certain period. This incentivizes long-term participation and commitment to the protocol. Additionally, QiDao offers borrow and vault incentives for specific collateral types, which further encourages user engagement and liquidity provision.
Overall, QiDao stands out as a stablecoin protocol that prioritizes community governance, decentralization, collaboration, and user incentives, making it unique compared to other cryptocurrencies.
Live Qi Dao Price Data
The current price of Qi Dao (QI) is approximately $0.000623, reflecting a increase of 0.73% in the last 24 hours. The QI trading volume in the last 24 hours stands at $27,298.60. Qi Dao's market cap is currently $52,257.37, accounting for about < 0.01% of the total crypto market cap. The circulating supply of QI is 83.88 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Qi Dao's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on QI, check out our crypto insights page.
Official Links
QI to USD Converter
Price History
- All-Time High
- $6.099775x to ATH
- All-Time Low
- $0.0001863.35x to ATL
- Trade Launch Date
- 4 Jun, 2021
1081 days ago