Dignity Token vs BitBay vs Maker Token
What problem does this service solve?
Dignity is a gold backed stablecoin. It is one of several digital tokens created by Cryptobontix, that attempt to reduce price volatility by pegging them to a physical asset. | BitBay's goal is to create a stable cryptocurrency that is not pegged to another asset. | The Maker token is the native token of the MakerDAO platform. Its purpose is to help govern and stabilize the DAI stablecoin project. |
Token Stats
Company Description
Dignity is a stablecoin pegged to gold, that was developed by the company Cryptobontix. Each DIG token is pegged to the worth of 0.02445 grams of gold, which was worth exactly $1.00 at the time of the Dignity whitepaper. | BitBay is developing a decentralized marketplace based on a non-colateralized stablecoin. Unlike other stabelcoins, BitBay is stabilized with a dynamic peg that is meant to reduce volatility without anchoring the price to another asset. The network has a Proof-of-Stake (PoS) consensus mechanism. | The Maker token (MKR) is the MakerDAO native token. It acts as a utility token, governance token and a recapitalization tool for the MakerDAO platform, which manages the DAI stablecoin. MKR is used as part of the stabilizing mechanism that is in place to combat the price volatility of the DAI stablecoin. |