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MakerDAO just launched their token based product, and it's an insanely powerful app, and I use it regularly.
by AroundTheBlock_ 9y ago
MakerDAO just launched their token based product, and it's an insanely powerful app, and I use it regularly.
- api 9y agoWhat does it do? I visited the site and I just see a token. What do I do with it? Transfer money? If so how does it differ from a less used higher transaction volume capable coin like Litecoin or Bitcoin Cash? I see something about price stability but then there's a chart and it does not appear stable at all. In the startup world we say if nobody can tell what your company does after 10-20 seconds on the site, you have a problem. At the very least they should be able to get the gist like "this is a networking company that does computer network stuff" or "this is for writing web apps."
- kevhito 9y agoHi! I've never used or even heard of MakerDAO. Their page is shiny, but not being in finance, I can't figure out what the point of it is. Can you explain what is so "insanely powerful" about it? And why/how would anyone outside of coin-based investing and finance types "use it regularly"?