Exchange DAI (ERC20) to Cardano | FixedFloat
Lightning cryptocurrency exchange
Stablecoin DAI is an ERC20 token issued at the end of 2017 by the MakerDAO platform. It is the first decentralized token on the Ethereum blockchain. Almost always, the market rate of 1 DAI is equal to 1 US dollar. Mining and staking are not available for this project, new tokens are issued by the users of the MakerDAO platform.
DAI smart contract
Do not submit DAI through a third party contract. Our exchanger does not accept transactions that are sent by third party smart contracts, except for the original DAI contract.
To work with tokens, the wallet must have ETH. It is very difficult to calculate the exact amount of ETH to send a transaction. During periods of high load, it can change significantly. Each token can have a different transaction value. Therefore, it is better that the amount of ETH on the wallet is slightly higher than the average fee on the network at the moment. The average commission can be estimated using the Blockchair analytical service.
The system does not see the transaction, what should I do?
If you have sent funds, but there are no changes, check your transaction in an explorer (etherscan.io or blockchair.com) and make sure that the transaction was created.
If the transaction has already been added to the blockchain, and the system has not seen it, contact technical support, we will be able to help you promptly.
A brief history of Cardano
At the end of 2014, former Ethereum developer Charles Hoskins put together a team to create a Cardano platform that, in his opinion, had to meet all his requirements. With the help of the platform, Charles Hoskins wanted to introduce cryptocurrency into the real economy, make microtransactions convenient and create convenient conditions for launching reliable and secure decentralized applications.
Cardano address formats
There are 2 types of Cardano addresses:
Byron is the first version of an address that starts with “A” or “D”.
Speed in the Cardano blockchain
The exchange requires 15 confirmations. Blocks in the ADA blockchain appear approximately every 20 seconds. The average time for confirmation of an exchange is 5 minutes.
exchange in 3 easy steps
- Enter the desired amount of DAI (ERC20) and write your wallet address to receive currency.
- Click the “Exchange now” button and you will be taken inside your order.
- Send DAI (ERC20) to the address from your order, after the required network confirmation, Cardano will be sent instantly.