LINK and DAI Go Live on Kraken

LINK and DAI Go Live on Kraken

Yesterday saw the launch of two new trading options at the exchange platform, Kraken, with the inclusion of reputable and established tokens, LINK and DAI.

Those looking to get involved in these two tokens at Kraken can do so immediately with them already live for trading via Kraken, Kraken Pro, and OTC.

Both of these new additions have an established reputation in the world of crypto, but if you haven’t heard about them or what they do, carry on reading as we detail some background on the latest Kraken listings

LINK Token

LINK is the token of Chainlink, an organisation that launched in 2017 focusing on connecting decentralised peer-to-peer networks and smart contracts to real-world data, events, and payments. As such, it has multi-faceted benefits for users, but the core focus is a nutshell is to bridge the gap between on-chain contracts and off-chain data.

Chainlink’s functionality and reputation has made waves both within the blockchain community, as well as further afield. A testament to this is the fact that major companies such as Google and Oracle are looking towards Chainlink’s use cases to help them in their own endeavours.  

LINK itself is an Ethereum ERC-20 token and defined as a token that “incentivizes participating oracles to maintain minimum service level agreement (SLA) standards while reporting accurate data”.  Currently valued on the market at $1.72 USD, it has done exceptionally well this year in terms of value. With it seeing an all-time high of $4.54 USD at the end of June 2019 and is currently ranked 18th by Coinmarketcap.

With this considered, both the company and the token are doing very well and look like they have very bright futures. Those looking to invest in LINK can do so via pairs, LINK/USD, LINK/EUR, LINK/XBT, LINK/ETH

DAI

Launching also in 2017, DAI is an asset that has been reported on several times this year, as its parent company and its investors tinkered with the price of the coin’s Stability Fee via a series of votes over several months.

DAI takes the form of a Stablecoin and thus, hedges against crypto price volatility with each DAI pegged 1:1 with the US dollar.  It also benefits users by providing them with immediate liquidity and can be used as a means to make payments and transactions online.

Dai is based on Ethereum and operates via smart contracts from MakerDAO and feedback systems that involve Collateralized Debt Positions (CDPs). When users enter these CDPs, new Dai Tokens are created and will be burnt when these positions are closed, which involves the aforementioned stability fee. DAO CDPs are guaranteed to be higher than the amount of debt, this means they can be used as a “store of value” with traders assured that they remain around the same value as the pegged price with the US Dollar.

As it is a stablecoin, by nature, the price fluctuation of DAI is very minor. However, it did see an all-time high of $1.37 USD in February 2018. However, currently, it is set as its pegged price of $1.00 and is ranked at place 57 on the Coinmarketcap. Users can opt to get involved via the pairs DAI/USD, DAI/EUR, DAI/USDT, ETH/DAI.

These two listings follow on from a series of new options available at Kraken, such as BAT and WAVES in August. and ICX earlier this month.

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Kraken

Haru Invest – the Ideal Platform to Get in Touch with Crypto

Yesterday saw the launch of two new trading options at the exchange platform, Kraken, with the inclusion of reputable and established tokens, LINK and DAI. Those looking to get involved in these two tokens at Kraken can do so immediately with them already live for trading via Kraken, Kraken Pro, and OTC. Both of these new […]

22 March, 2022
Kraken

XBE Community Launches a $500k Bug Bounty

Yesterday saw the launch of two new trading options at the exchange platform, Kraken, with the inclusion of reputable and established tokens, LINK and DAI. Those looking to get involved in these two tokens at Kraken can do so immediately with them already live for trading via Kraken, Kraken Pro, and OTC. Both of these new […]

28 December, 2021
Kraken

11 Biggest Sponsorships Deals for the Crypto Market in 2022

Yesterday saw the launch of two new trading options at the exchange platform, Kraken, with the inclusion of reputable and established tokens, LINK and DAI. Those looking to get involved in these two tokens at Kraken can do so immediately with them already live for trading via Kraken, Kraken Pro, and OTC. Both of these new […]

1 December, 2021
Kraken

ChangeNOW Unveils a New Cashback Feature

Yesterday saw the launch of two new trading options at the exchange platform, Kraken, with the inclusion of reputable and established tokens, LINK and DAI. Those looking to get involved in these two tokens at Kraken can do so immediately with them already live for trading via Kraken, Kraken Pro, and OTC. Both of these new […]

15 November, 2021
Kraken

Celsius Casino is Raising the Temperatures with a Voluminous Game Lobby

Yesterday saw the launch of two new trading options at the exchange platform, Kraken, with the inclusion of reputable and established tokens, LINK and DAI. Those looking to get involved in these two tokens at Kraken can do so immediately with them already live for trading via Kraken, Kraken Pro, and OTC. Both of these new […]

9 November, 2021
Kraken

ChangeNOW Has Announced the Release of its Own Digital Wallet

Yesterday saw the launch of two new trading options at the exchange platform, Kraken, with the inclusion of reputable and established tokens, LINK and DAI. Those looking to get involved in these two tokens at Kraken can do so immediately with them already live for trading via Kraken, Kraken Pro, and OTC. Both of these new […]

29 October, 2021
Kraken

BitPanda Enhances Its BEST Rewards Programme

Yesterday saw the launch of two new trading options at the exchange platform, Kraken, with the inclusion of reputable and established tokens, LINK and DAI. Those looking to get involved in these two tokens at Kraken can do so immediately with them already live for trading via Kraken, Kraken Pro, and OTC. Both of these new […]

25 October, 2021
Kraken

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Yesterday saw the launch of two new trading options at the exchange platform, Kraken, with the inclusion of reputable and established tokens, LINK and DAI. Those looking to get involved in these two tokens at Kraken can do so immediately with them already live for trading via Kraken, Kraken Pro, and OTC. Both of these new […]

6 October, 2021