Gold Bits Coin

by Gold Bits Coin

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Reserve Rights

by Reserve Rights

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Single Collateral DAI

by MakerDAO

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Gold Bits Coin

by Gold Bits Coin

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Reserve Rights

by Reserve Rights

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Single Collateral DAI

by MakerDAO

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What problem does this service solve?

Gold Bits Coin wants to create a digital currency with less price volatility, that will be backed by gold.Reserve's goal is to create an inflation resistant digital currency.DAI is a digital stablecoin that is pegged to the US dollar, and is meant to be a digital currency with reduced price volatility. (1 SAI=$1)

Token Stats

Company Description

Gold Bits Coin is developing a digital currency that is backed by gold. They hope to create a digital asset with less price volatility that can be used as a medium of exchange. GBC is built on Ethereum. Their marketing materials are unclear about how much gold they have in reserve to back each Etherreum-based token.

Reserve Rights is an Ethereum-based stable token that is built on the Reserve Protocol. Reserve token will be initially backed by several other collateral tokens that are each tokenized versions of the US Dollar. The project has plans to transition to a collateral model that will not be pegged to the US Dollar.

Single Collateral DAI is a decentralized stablecoin that has collateral to back its value and an interest rate mechanism to stabilize its price. It is designed to be a digital currency with a stable value, that is pegged to the US dollar. (1 SAI=$1) MakerDAO is the decentralized autonomous organization that manages DAI and works to combat its price volatility. MakerDAO hopes to enable more decentralized applications by providing a stable digital currency whose value will not be susceptible to drastic fluctuations. The Maker platform itself, is powered by the MKR token, which is not a stablecoin, and has a volatile price because of its role on the Maker platform. In November of 2019 MakerDAO launched the Multi-Collateral Dai (MCD), which will eventually replace the existing Single-Collateral Dai, and will enable the company to offer a wider range of DeFi services.

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