|Brief||Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token - the Dai - against the U.S. Dollar.|
|Last updated:||Wednesday, September 30, 2020 5:00:01PM UTC|
|Crypto Volatility Index (CVIX):||56|
|Current price, USD:||548.67|
|Market capitalization, USD:||551 726 226|
|Available supply:||1 005 577 MKR|
|Volume 24 hours, USD:||45 266 048|
General MKR facts, technical details and general information about Maker crypto currency
The Maker project is based on the Ethereum blockchain and aims to create a number of decentralized tokens, tied to the value of fiat money. The cryptocurrency platform was launched in 2015. Its main goal is to create decentralized tokens, the value of which is tied to real assets (in particular, fiat currencies and precious metals). Within the framework of the platform, a corresponding exchange is also being developed, based on smart ether contracts and providing access to margin trading based on collateral positions.
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token - the Dai - against the U.S. Dollar.
The first stable cryptocurrency launched within the framework of the Maker platform was Dai digital currency. Dai's launch took place in December 2017, the exchange rate is pegged to the US dollar in a 1:1 ratio. At the same time, developers allow deviations in both directions in the range of 5% - this indicator is considered normal in fiat currency trading pairs. MKR has one fundamental difference from other cryptocurrencies - the token can change its value in order to maintain the cryptocurrency parity of the internal stablecoin. It is impossible to mine Maker cryptocurrency.
Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
The developers themselves issued 1 million tokens and most of them have already been launched into the system. You can buy Maker tokens only on the cryptocurrency exchange. The bulk of trading is conducted on three not-so-well-known venues: KyberNetwork (paired with ETH, 14% of trades), Ethfinex (with USD, 12%) and Bitinka (with EUR, 10%). But the coin is also presented on popular exchanges: OKEx, HitBTC, Gate.io, KuCoin.
MKR tokens are also used to pay transaction fees on the Maker system, and provides holders with voting rights within Maker’s continuous approval voting system.
Maker is a smart contract platform on the Ethereum chain that backs and stabilizes the value of stablecoin DAI through a dynamic system of Collateralized Debt Positions (CDP), autonomous feedback mechanisms, and appropriately incentivized external actors. MKR tokens are created or destroyed in accordance with price fluctuations of the DAI coin in order to keep it as close to $1 USD as possible, and is part of a fully inspectable system on the Ethereum blockchain.
We list daily Maker historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Sep 21||469.71||439.24||480.50||455 897 493|
|Sep 22||449.48||436.31||459.79||456 819 257|
|Sep 23||455.26||430.09||458.01||433 448 423|
|Sep 24||427.03||427.03||472.51||475 141 385|
|Sep 25||471.29||465.63||497.59||491 223 974|
|Sep 26||487.78||487.74||507.78||510 607 279|
|Sep 27||507.00||474.16||507.00||488 207 316|
|Sep 28||487.73||487.73||540.11||531 489 782|
|Sep 29||516.38||509.76||537.29||522 428 376|
|Sep 30||526.71||509.11||548.67||551 726 226|
|MKR price change 24 hours||5.61%|
|MKR price change 7 days||22.88%|
Maker is a solid altcoin through and through. Otherwise, it wouldn’t occupy the 23rd spot on CoinMarketCap, right? MRK has interesting fundamentals that provide the required stabilization for the stablecoin called DAI through the innovative feedback...
Ricky Flo April 28, 2020 MKR
Ok, here’s a fresh project. It’s better than Tether in every respect, and it’s even better than all other stable coins out there. It also allows users to draw collateral from it to margin trade, which makes it a money printing machine. If you...
Jeff April 14, 2020 MKR
MKR is about to pull the biggest coupe in crypto history. This coin is going to take all the business from Tether in due time. The main reason for this is because as ETH continues to grow, more people will begin realizing that they can take out...
Fred March 26, 2019 MKR
I don't understand the point of MKR at the moment. If it's a stable coin why does the price fluctuate so much. I feel like it defeats the purpose of a stable coin that you can use as a bridge when crossing digital currencies. MKR is down 5% on the...
Brandon March 9, 2019 MKR
MKR DAI offers something that no other stable coin can. It offers Ethereum users to put up ETH as collateral to margin trade on the MKR network. Not many people know about this function, let alone even know what the MKR network is. Crypto needs a...
Francisco February 24, 2019 MKR
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