xDai is created by locking Dai on Ethereum.
xDai is a 1:1 token pegged to Dai, created by locking Dai on Ethereum and minting xDai on the xDai chain via a bridge.
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What is XDAI (XDAI)?
xDai is a cryptocurrency that is derived from the MakerDAO DAI token. Dai is a stablecoin on the Ethereum mainnet that is pegged to the US dollar. Users can acquire xDai through various methods, including credit cards, but fundamentally, xDai is always created by locking Dai in a smart contract, with a 1:1 value ratio. The creation process involves locking Dai on Ethereum, transmitting data via the TokenBridge to a smart contract on the xDai chain, which then mints an equivalent amount of xDai for use on that network. Users can switch to the xDai network in their wallet to access their xDai. When converting back to Dai, the process is reversed: xDai is burned in its contract, a verified signal is sent to unlock the same amount of Dai on Ethereum, which is then returned to the user's Ethere...
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XDAI price live information
As of now, XDAI is trading at 1.023151 USD, with a 24-hour trading volume of approximately 0 USD. The XDAI to USD price is updated in real time. Over the past 24 hours, XDAI has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 0 USD. Currently, there are 0 XDAI in circulation out of a maximum supply of 0 XDAI.
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