Maker icon Maker (MKR)
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HodlingBricks profile
Maker icon

Ranked # 48

Price

$4,329.33 (-3%)

All Time High

$6,292.31 (-31%)


Market Cap

$3,925,315,716

Volume (24h)

390,760,578

Cir. Supply

901,311 MKR

Max Supply

1,005,577 MKR

What is Maker?

Maker simply acts as a platform that controls the trading of DAI and uses several incentives and a wide range of market mechanisms to stabilize DAI. Since everything can be checked on the transparent Ethereum blockchain, there is no need of stabilizing third parties or even auditors for verification purposes.

In essence, it is a smart contract platform that backs and stabilizes the value of DAI, through a system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and external actors (keepers, global settlers, oracles).

Maker enables anyone to leverage their Ethereum assets to generate DAI on the Maker ICO. Once generated, DAI can be used in the same manner as any other cryptocurrency:  For performing transactions held as long term savings or used to create the components needed for a decentralized margin trading platform.

MKR has a ready product (DAI) and a clear, transparent system in place connecting the investor token with the product. The token holders govern the Maker system and their actions affect the price of the MKR.

Learn More About Maker
Maker Links & Sources

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add active $4,329.33  on  May 18, 2021 


Community Posts

Maker icon Maker  at  $1,219.50  on  Jan 21, 2021

Join a decentralized community protecting the integrity of the Maker Protocol through research, discussion, and on-chain voting. Executive Votes are conducted to make changes to the protocol. The governing proposal represents the current state of the system. Polls take place to establish a rough consensus of community sentiment before Executive Votes are conducted. twitter.com/...?s=20

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