xDai Chain (DPOS) Stable Chain - ICO Review, Rating and Details of xDai Chain ICO (Token Sale) - Rating: All In

xDai Chain applications provide everyday users with fast transactions and extremely low gas prices. Since the xDai Stable Chain is Ethereum compatible, data and assets can be transferred seamlessly to the Ethereum mainnet providing backend safety and limitless opportunities to scale. This synergy between stability, speed, security and scalability opens the door for many exciting applications and new use cases.

Features & Highlights

  • Native Stable Coin
    • A stable coin provides peace of mind. Predictable currencies allow buyers and sellers to exchange value without the risks of volatility. In the xDai Stable Chain implementation, transactions are conducted using xDai, a stable coin pegged one-to-one with Dai. Because transactions occur on a bridged sidechain, they are extremely fast and inexpensive.
  • Bridges to Ethereum
    • Two bridges connect xDai Stable Chain to the Ethereum mainnet, supporting seamless two-way asset transfer between chains. Tokens are acquired on the mainnet, then bridged to the xDai Stable Chain sidechain using either the Dai-xDai bridge for transactional tokens, or the DPOS bridge for staking tokens. Once a user is finished transacting or staking, tokens can be bridged back to the mainnet with ease.
  • Wallets
    • xDai Stable Chain is natively supported by multiple wallets and services. Thanks to these wallets, it’s simple to store, make purchases, and to interact with smart contracts. Multiple wallets cater to different user groups including developers, consumers and hodlers. Check out the growing list of services and freely available wallets below.
  • Explorer with Staking App
    • The xDai Stable Chain explorer is built right into BlockScout, an open-source Ethereum block explorer. In addition to viewing xDai Stable Chain blocks and transactions, this tool features an intuitive interface for staking directly from the browser! The explorer makes it easy to delegate tokens to different validators, move, deposit or withdraw stake, or even declare validator candidacy. A transparent leaderboard provides a wealth of information on current and inactive validator sets.

Token Allocation

"Public Sale (IEO)","Private Sale","xDai Foundation","xDai Ecosystem","Staking Rewards" {"name": "Public Sale (IEO)","value": 4},{"name": "Private Sale","value": 4},{"name": "xDai Foundation","value": 4},{"name": "xDai Ecosystem","value": 15},{"name": "Staking Rewards","value": 73}

Token Utility & Use Cases

xDai Chain applications provide everyday users with fast transactions and extremely low gas prices. Since the xDai Stable Chain is Ethereum compatible, data and assets can be transferred seamlessly to the Ethereum mainnet providing backend safety and limitless opportunities to scale. This synergy between stability, speed, security and scalability opens the door for many exciting applications and new use cases.

  • Peer To Peer Payments
    • Thanks to xDai, sending money to a friend, relative or vendor is fast, cheap and easy. It’s also stable - the value of xDai is pegged to the US dollar. Peer to peer (P2P) payments on the blockchain can replace the current expensive, slow, bank-driven processes that dominate online payment systems today. It’s already happening - click on the case studies to see xDai P2P in action.
  • Stable Platform For Smart Contracts
    • When transaction fees and speeds are a known quantity, developers can plan and execute accordingly. A responsive UX, micropayments, and predictable cross-chain interactions are all possible within a stable ecosystem.

POA Network is creating the framework for a new multichain staking mechanism. This original concept will establish the DPOS token ($DPOS) as a primary staking token available for use on numerous networks. The initial DPOS deployent will occur on the xDai Stable Chain. As additional stake-based chains and networks are configured and launched, the DPOS token will be transferable via the TokenBridge, providing users the opportunity to place DPOS token stakes across multiple networks.

  • Benefits for POA Core Token
    • POA Network and the R&D team have contributed to the genesis, formation, and ongoing evolution of xDai. In appreciation of the involved effort and resources, POA token holders will have the option to participate in multichain staking token ($DPOS) reward distribution incentives following the xDai network protocol update.

Social Media Links

Twitter Updates

  • Need test tokens? xDai DApp developers can easily create test FAU tokens using the handy ERC20 token faucet from… https://t.co/hJAPoJ00q5
  • We updated our instructions on how to bridge $Dai to $xDai and bring $xDai to $Dai back home. Check it out… https://t.co/xasCv3LCli
  • https://t.co/6voZfygn9s
  • The heroes are POA @poanetwork, MakerDAO @MakerDAO, https://t.co/L7nAxCW16S
  • We'd also like to express eternal gratitude to all of xDai's network validators (in no particular order) for runnin… https://t.co/xKQpaaKQBC
  • We'd like to extend a special thanks to friends who ideated xDai on #EthBerlin @ETHBerlin hackathon Ashleigh Schap… https://t.co/HT65yNeMkH
  • @nikomitk_ @carbon_money Hey, it's 2$ or 3%. The latter is quite good for fiat to crypto conversion. Check out… https://t.co/7WFFwM2SjM
  • Fiat to crypto was the missing piece of xDai onboarding. Now you can buy $xDAI worldwide with a debit or credit car… https://t.co/TAVKdwJGsM
  • Very cool! @AlphaWallet @wearekickback. Let's do it! https://t.co/pOCk5lCdGn
  • As we are super busy working on a few $xDai updates, we are giving away one ticket to #Devcon5 in Osaka 🦄💫 1️⃣ RT… https://t.co/IoOmyxAG1C