What is Maker(MKR)?
Maker DAO is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token Dai against the IMF’s currency basket SDR. It’s token, MKR is a speculative Ethereum based asset that backs the value of Dai.
Dai is the first product of the Maker organization. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain. Dai was first traded on 27th December 2017. The main feature of Dai is that anyone anywhere has the freedom to choose money they can place their confidence. The Dai Stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar, which is believed to be essential to realizing the full potential of blockchain technology.
How does Maker(MKR) work?
The Dai Stablecoin System was developed by Maker. The team has consisted of developers, economists, and designers from all over the world.The value of Maker is the expected success of Dai and its collected fees. MKR holders will profit depending on how successful Dai will be. So if you believe that a collateral based stable coin is something the world needs, then it’s a good idea to hold MKR. MKR has value because it is the only way to pay the outstanding stability fees on CDPs, meaning that if there is increased adoption of dai and increased demand for CDPs, there will also be increased demand for MKR – additionally when the stability fees are paid with MKR, the MKR spent is permanently destroyed, reducing the total MKR supply.
How to buy Maker(MKR)?
To keep your coin safe, it is better to use a good wallet and the most convenient wallet option for storing your Maker coins- provided by MyEtherWallet which can store any coin on the Ethereum blockchain, including Maker. Then you have to enter a password which should not forget. Then after the wallet creation procedure, you have to purchase the popular cryptocurrency Ethereum, so that we can exchange it for Maker in an exchange.
Maker(MKR) price prediction 2018
MKR can be a profitable investment option. Maker price equal to 1459.631 USD at 2018-01-19. If you buy Maker for 100 dollars today, you will get a total of 0.0685 MKR. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-06 is 15088.511 US Dollars. With a 5-year investment, the revenue is expected to be around +933.72%. Your current $100 investment may be up to $1033.72 in 2022. The price today is $1,458.94 and have a market cap value of $901,957,223. The volume is marked as $1,908,120, and the current supply is 618,228 MKR. Maker price today, Maker price chart, Maker wallets, where to buy Maker, how to buy Maker, Maker mining, Maker exchanges.