Review on XDai Token: It is a fast rising coin in the cryptocurrency market today.
On this article, we will review the token by listing the pros and cons.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
The xDai chain is an Ethereum-based sidechain that uses a Proof-of-Stake mechanism. It has been live since late 2018 and uses a stablecoin, xDai, as its native cryptocurrency. As the project’s site puts it, transactions on the xDai chain are “very fast, very inexpensive, and require a single token (xDai).
There are 5,932,497.37 STAKE in supply.
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Pros of XDai
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
Cons of XDai
- The coin is still under research and developments
- Multiple issues with its synchronizations between ledgers
Is XDai Legit or Scam?
Due to the high rate of scam in cryptocurrency, a lot of traders have been trading in fear.
According to research and reviews, XDai is not a scam coin. It has been listed on top cryptocurrency wallets.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about XDai on the comment section below. Don’t forget to rate and leave a review.