imToken: How to Protect Your Digital Assets During Bear Market?

2018/11/29/ 16:15


The volatility of cryptocurrency prices has always been one of the main topics of discussion, especially among the cryptocurrency investors. The recent fluctuations in prices have even kept many of the investors on their toes. Many cryptocurrency investors have experienced roller coaster.


Why choosing Dai as Risk Averse Assets?


Dai, a decentralized stablecoin with the largest market capitalization right now, is issued with over-collateralized blockchain assets, to maintain a 1:1 exchange rate with the US dollar, which means 1 Dai = 1 USD.


The over-collaterization guarantees that behind each Dai token, there will be more than USD 1 worth of blockchain assets staked with smart contract. The minting and burning of Dai processes are open and transparent as everything happens on-chain. Meanwhile, the decentralized nature of Dai allows everyone to stake their blockchain assets with the relevant smart contract, minting Dai. The level of collateralization will adjust according to the prices of collateralized assets.. Therefore, you don’t have to worry about the asset shrinkage caused by falling prices of digital tokens, if you convert your digital assets into Dai now!


How to exchange your tokens to Dai in Tokenlon?


When you open imToken 2.0 app, go to the ‘Market’ page to access Tokenlon. You will first see the ‘Instant Exchange’ (IEX) interface, simply select the tokens you want to exchange into Dai, click on the ‘Instant Exchange’ button to proceed with the exchange.


As a bonus, to tackle the common issue of transactions taking a long time to be confirmed on the Ethereum blockchain, imToken 2.0 introduced a function to accelerate transaction by increasing the gas fee. If you are in urgent need to get your transaction processed on-chain, you now have the option to accelerate the transaction with a higher gas price.


How to download imToken 2.0?

Find the latest official version of imToken 2.0 directly:

Android Users: Please go to our website or google play store to download the latest versions


iOS Users: Please go to apple app store to download the latest versions


imToken has released app 2.0 version. App 1.0 users can check the detailed instruction for upgrading to 2.0 safely:

https://support.token.im/hc/en-us/articles/115002091493-How-do-I-download-imToken-safely-

If you encounter any problem or have any feedback on product improvement, please feel free to submit your request in our App.


About imToken:

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Article Source: imToken
Disclaimer: Opinions expressed herein are those of the writer, they are not investment advice and do not necessarily reflect the views of CryptoIn-N-Out.