## What is Dai (DAI)?
Dai is a decentralized, stable coin running on the Ethereum blockchain and designed to maintain a value close to one United States dollar. It is created by MakerDAO, a decentralized autonomous organization, and is collateralized by various cryptocurrencies.

## What Problem Does Dai (DAI) Solve?
Dai addresses:
- **Volatility**: Helps maintain stability in the very volatile cryptocurrency market.
- **Accessibility**: Provides a decentralized stable currency not depending on traditional banking.
- **Transparency**: Ensures an open, transparent, and safe method of issuance and redemption through smart contracts.

## Why the Crypto Market Needs Dai (DAI)
The crypto market benefits from Dai by:
- **Stability**: It serves as a stable asset for trading and transactions.
- **DeFi Integration**: Supporting a wide range of DeFi applications and protocols.
- **Global Accessibility**: An internationally accessible currency for those who do not need a bank account.

## History & Achievements
MakerDAO launched the Dai stablecoin in December 2017, and since then, it has been one of the most used stablecoins in DeFi applications, integrated into many protocols and platforms.

## Who Founded Dai (DAI)?
Dai was developed by MakerDAO, a company established by Rune Christensen. MakerDAO is the protocol that issues and manages Dai.

## What Technology Does Dai (DAI) Use and How Does it Work?
Dai uses:
- **Ethereum Blockchain**: To have decentralized and transparent operations.
- **Smart Contracts**: Issuance, redemption, and collateralizing management of Dai.
- **Collateralized Debt Positions (CDPs)**: Locking up collateral to generate Dai.

## What Affects the Price of Dai (DAI)?
Factors influencing the price of Dai:
- **Market Demand**: The demand for Dai in markets, and DeFi use-cases.
- **Collateralization**: The value and stability of the collateral backing DAI.
- **Regulatory Changes**: Changes made in regulations concerning cryptocurrencies.

## How Many Tokens of Dai (DAI) Are in Circulation?
There are about 5,294,947,314 DAI tokens in circulation, matching the total supply.

## What is the Maximum Supply of Dai (DAI)?
Dai has no fixed maximum supply. Instead, it is dynamically readjusted based on how much collateral is locked in the system.

## What is the Utility of DAI (DAI)?
Dai tokens are used for:
- **Reliable Transactions**: As a stable medium of exchange.
- **DeFi**: In several DeFi protocols to lend, to borrow, and as a yield farm.
- **Collateral**: It will be used to collateralize other synthetic assets and stable coins.

## Dai (DAI) Tokenomics
Dai's tokenomics contains:
- **Dynamic Supply**: Quantity is changed by the collateral quantity locked inside the system.
- **Collateralization**: Backed by multiple cryptocurrencies.
- **Stability Fees**: Charged from users for creating Dai with the help of CDPs.

## What is the All-Time High and All-Time Low for Dai (DAI)?
- **All-Time High**: $1.22 on March 13, 2020
- **All-Time Low**: $0.6656 on March 11, 2023

## Where to Buy Dai (DAI)?
DAI tokens can be bought on popular cryptocurrency exchanges, such as:
- **Binance**
- **Coinbase**
- **Kraken**
- **Gemini**
- **Uniswap**

## Who Was In Early On the Dai (DAI) Investment?
MakerDAO did not have a traditional set of early stage investors; it was developed and financed by the MakerDAO community in a fully decentralized way.

## Revenue Streams of Dai (DAI)
MakerDAO's revenue streams include:
- **Stability Fees**: Charged for minting Dai against CDPs.
- **Liquidation Penalties**: Liquidation fees are levied while liquidating under-collateralized positions.