maker Maker (MKR)

$2,844.91
7.72% (24H)
Watch
Market CapVolumeAvailable Supply
$2.57 B$269.50 M901,683 MKR

Maker current price is $2,844.91 with a marketcap of $2.57 B. Its price is 7.72% up in last 24 hours.

MKR is a cryptocurrency depicted as a smart contract platform and works alongside the Dai coin and aims to act as a hedge currency that provides traders with a stable alternative to the majority of coins currently available on the market. Maker offers a transparent stablecoin system that is fully inspectable on the Ethereum blockchain. Founded almost three years ago, MakerDao is lead by Rune Christensen, its CEO and founder. Maker’s MKR coin is a recent entrant to the market and is not a well known project. However, after today it will be known by many more people after blowing up 40% and it is one of the coins to rise to prominence during the recent peaks and troughs. After being developed by the MakerDAO team, Maker Dai officially went live on December 18th, 2017. Dai is a price stable coin that is suitable for payments, savings, or collateral and provides cryptocurrency traders with increased options concerning opening and closing positions. Dai lives completely on the blockchain chain with its stability unmediated by the legal system or trusted counterparties and helps facilitate trading while staying entirely in the world of cryptocurrencies. The concept of a stablecoin is fairly straight forward – it’s a token that has its price or value pegged to a particular fiat currency. A stablecoin is a token (like Bitcoin and Ethereum) that exists on a blockchain, but unlike Bitcoin or Ethereum, Dai has no volatility. MKR is an ERC-20 token on the Ethereum blockchain and can not be mined. It’s instead created/destroyed in response to DAI price fluctuations in order to keep it hovering around $1 USD. MKR is used to pay transaction fees on the Maker system, and it collateralizes the system. Holding MKR comes with voting rights within Maker’s continuous approval voting system. Bad governance devalues MKR tokens, so MKR holders are incentivized to vote for the good of the entire system. It’s a fully decentralized and democratic structure, then, which is an underutilized USP of blockchain tech. Value volatility is a relative concept among both cryptos and fiat currencies. The US dollar, for example, was worth 110.748 yen on July 9, 2018. On July 4, 2011, $1 was worth 80.64 yen, and on March 18, 1985, $1 was worth 255.65 yen. These are major differences in exchange rates, and inflation within each country makes each currency worth different values even when compared to themselves. One USD in 1913 is worth the equivalent of $25.41 today, and even $1 in 1993 is worth the equivalent of $1.74 today. Stablecoins don’t negate these basic economic principles of value. Instead, both Tether and Dai have values pegged to the U.S. dollar. This is done to stabilize the price.
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10 Maker (MKR)
=
28,449.10USD

DatePriceVolumeMarketCap
# ExchangePairPriceVolume (24h)Updated

In the second part of the Informed Voting series, we explore four resources that aggregate exchange information and help Maker governance voters analyze Dai markets.

Get informed:

https://blog.makerdao.com/informed-voting-four-top-resources-for-analyzing-dai-markets/

A new Executive Vote has been added to the voting portal:

🪙Onboard New Silver Series 2 DROP

MKR holders can vote at http://vote.makerdao.com

Read more at: https://blog.makerdao.com/executive-vote-april-12-2021/

New Governance Polls have been added to the voting portal:

Inclusion Polls -
👩‍💻Growth Core Unit MIP Set
👕MakerDAO Shop Core Unit MIP Set
📽️Content Production Core Unit MIP Set
👷‍♂️Protocol Engineering Core Unit MIP Set

More 👇

Nonprofits and others are leveraging the blockchain in creative ways to focus on crypto for good—putting the spotlight on decentralized philanthropy, or #DePhi.
Read more:

https://blog.makerdao.com/crypto-for-good-dephi-decentralized-philanthropy-the-new-blockchain-frontier/

cc @TheGivingBlock @AsyncArt @UNICEF @givecrypto

New Governance Polls have been added to the voting portal:

⬆️Increase the System Surplus Buffer
🛠️Add LINK-A to Liquidations 2.0 Framework
🔮Appoint @DeFiSaver as Oracle Light Feed

More 👇

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