The live price of Maker is - per (MKR / USD) with a current market cap of $1.46B USD. 24-hour trading volume is - USD. MKR to USD price is updated in real-time. Maker is -% in the last 24 hours with a circulating supply of 831,532.08.
| Date Comparison | Amount Change | % Change |
|---|---|---|
| Today | - | 0% |
| 30 Days | - | 0% |
| 60 Days | - | 0% |
| 90 Days | - | 0% |
MKR is the utility token of the Maker platform and serves as the backbone of the DAI stablecoin. As both of the first ERC-20 tokens launched on the Ethereum network, DAI and Maker have a complex relationship that is governed by the MKR token. MKR prices are updated in real time on Binance.
MKR has multiple functions in the Maker ecosystem, such as serving as a governance token. MakerDAO is one of the first decentralized autonomous organizations (DAOs) to launch and use proactive proposal smart contracts, which are highly transparent and give participants control over the Maker platform.
MKR plays an important role in Maker's decisions on risk management actions, adding new collateral currencies, and other changes, such as modifying risk parameters when DAI is issued.
MakerDAO is a smart contract system on Ethereum that provides a decentralized stablecoin, Dai (Ethereum Dollar), and derivative financial products. Dai is issued with full collateral guarantee from on-chain assets and is pegged at 1:1 with the US dollar, 1 Dai = 1 US dollar. Individuals and businesses can obtain safe-haven assets and liquidity by exchanging Dai or mortgaging Dai. MakerDAO has already been applied in mortgage loans, margin trading, international transfers, etc.
Rune Christensen founded Maker in 2017.
MKR acts as a utility token on the Maker platform. MKR can be used to pay fees incurred on collateralized debt positions (CDPs) during the DAI issuance process. MKR tokens used in this process are burned. In addition, MKR can be used as a governance token in the MakerDAO model. MKR prices are updated in real time on Binance.
The maximum supply of MKR tokens is 1,005,577.
Maker runs on the Ethereum network and therefore uses the Proof of Stake (PoS) consensus mechanism.
Maker is a fully decentralized ecosystem where MKR holders can jointly manage the Maker platform through MakerDAO. Maker plays an essential role in the issuance of DAI. DAI is an independently auditable decentralized stablecoin.
The Maker to other currencies exchange rate?
