Maker current price is $880.23.

Maker current price is $880.23.


Maker current price is $880.23 with a marketcap of $797.88 M. Its price is -7.64% down in last 24 hours.


Buy / Sell Maker
  • maker
    Maker (MKR)
  • Live Price
    $880.23
  • 24h %
    -7.64%
  • Market Cap
    $797.88 M
  • Volume
    $110.32 M
  • Available Supply
    901,311 MKR
  • Rank
    55

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More Info About Coin

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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Technical Analysis

Twitter News Feed

[email protected] submitted a Collateral Onboarding Application (MIP6) for tokenized short-term permissionless securities backed 1:1 with an underlying short-term bond ETF.

A recap of this interesting and strategic proposal.

🧵

1/

Permissionless tokenized public markets are coming. 📈
Short-term treasury bonds are first. 🏦
@MakerDAO might allocate up to 1,000,000,000 DAI 🤑🤑🤑
https://forum.makerdao.com/t/mip-6-declaration-of-intent-invest-in-short-term-bonds-proposal-for-implementation/16185

Buy exposure to US Treasuries permissionlessly onchain. This is big. Has the promise to do a lot for the convergence of rates between DeFi and TradFi. from @BackedFi
cc @MonetSupply @ImperiumPaper @nope_its_lily https://forum.makerdao.com/t/mip-6-declaration-of-intent-invest-in-short-term-bonds-proposal-for-implementation/16185

The latest Executive Proposal is now live on the Maker Governance portal!

We encourage $MKR holders and Delegates to consider voting on this Executive Proposal if they support the following changes to @MakerDAO.

http://vote.makerdao.com

👇🗳

1/

These four Collateral Onboarding Applications are taking their final steps toward the full implementation into the Maker Protocol:

• rETH
• @compoundfinance D3M
• Huntingdon Valley Bank
• Societe Generale

What is the status? 🧵

Maker governance is voting to invest $500 million in US treasury bills (via @OsatoNomayo)

https://www.theblock.co/post/154515/maker-governance-is-voting-to-invest-500-million-in-us-treasury-bills

1/ Did you know that $DAI stablecoin is part of the @MakerDAO ecosystem?

Stablecoin was launched in 2017 and is based on Ethereum Network (ERC-20). DAI is pegged to the US dollar on a 1:1 ratio.

The Maker Governance votes to determine how to allocate 500 million DAI between different investment strategies.

This allocation poll is a result of the passage of MIP65: Monetalis Clydesdale: Liquid Bond Strategy & Execution.

A recap on how it would work.

🧵

1/

Maker Governance activity is heating up.

Whatever the reason, this is a meaningful moment for the involvement of decentralized governance within a decentralized autonomous organization.

As a DAO, record highs in governance participation are something to celebrate.

🗳

1/

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