

Maker (MKR)

Details about Maker cryptocurrency
Maker
MKR
68+ (click to see list)
2017-11-25
€1,278,587,927 ( -0.59055%)
€64,240,800
977,631
918,471
64.475
Unknown
https://makerdao.com/
@MakerDAO
558x
€776413
Maker price charts
MKR exchanges
Maker, the crypto
Maker (MKR) is a cryptocurrency that is used as a governance token for the MakerDAO platform. MakerDAO is a decentralized lending platform that enables its users to generate its stablecoin, DAI.
The point
The main point of Maker (MKR) is to give its holders the power to vote on changes to the MakerDAO platform, including settings for its smart contracts, its monetary policy, and the addition of new collateral types. MKR holders also receive a portion of the fees generated on the platform.
The problem
Maker (MKR) attempts to solve the problem of volatility in other cryptocurrencies by creating a stablecoin (DAI) that is backed by a basket of different cryptocurrencies. By creating DAI, users can participate in blockchain transactions and investments without being exposed to the rapidly fluctuating prices of other cryptocurrencies. Additionally, by enabling users to create DAI, MakerDAO aims to make credit more accessible and affordable to people around the world.
Compare MKR and BTC performance
Timeframe | MKR | BTC |
---|---|---|
1h change | -0.100761 % | 0.452388 % |
24h change | -0.64 % | 2.34936 % |
7 day change | 4.29 % | 6.90175 % |
14 day change | 11.88 % | 9.31909 % |
30 day change | 12.77 % | 12.6741 % |
200 day change | 138.99 % | 47.5765 % |
Year change | 127.19 % | 126.432 % |