MAIPrice

(MAI)

No, QiDao’s MAI is an overcollateralized stablecoin, not an algorithmic one. Unlike failed algorithmic models, MAI is backed by decentralized assets such as MATIC, ETH, or FTM held in user-managed vaults. To mint MAI, users must deposit collateral that exceeds the value of the tokens they receive, ensuring the stablecoin remains backed by tangible on-chain assets.

QiDao allows users to borrow MAI against their crypto collateral without ongoing interest rates. Instead of traditional interest, the protocol typically charges a one-time repayment fee, often around 0.5%. This makes it a popular choice for long-term holders who want to access liquidity without seeing their debt grow continuously over time.

If the value of your deposited collateral falls below the required Collateral-to-Debt Ratio (typically between 110% and 150%), your vault becomes eligible for liquidation. During liquidation, a portion of your collateral is sold to repay the debt. This mechanism is essential for maintaining the stability and backing of the MAI token during market downturns.

Eligibility for the Micro AI airdrop is usually based on your activity within the TON ecosystem or participation in the official Micro AI bot. To claim tokens, you will need a small amount of TON tokens to cover gas fees. Always ensure you are using the official claim portal verified by the project's social media to avoid phishing scams. For trading and liquidity, you can utilize major platforms like LBank.

The Micro AI project uses a gamified system where users can earn points and multipliers by staking their tokens. Users can choose to lock their MAI for specific periods, such as 30, 90, or 365 days. Generally, choosing a longer lock-up period results in a higher multiplier, which increases your future airdrop allocations or staking emissions within the TON ecosystem.

In the QiDao ecosystem, MAI and QI serve two different purposes. MAI is the overcollateralized stablecoin used as a stable asset for borrowing, spending, or earning yield. QI is the governance token of the protocol, which grants holders the right to vote on key decisions, such as which collateral types to accept, fee structures, and the distribution of protocol incentives.