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Coins: 3776
Exchanges: 270
Dominance:
BTC 52.0%
XRP 11.0%
ETH 10.4%
MKR
USD

Maker (MKR)

1h
24h
7d
14d
30d
1y
-0.63%
3.1%
-5.3%
-5.4%
25%
-59%

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Maker Volume by Exchange

# Exchange Pair Price 24h Volume Volume %
1
OKEx
Trading Incentives
Updated 12 minutes ago
$451.84
0.125089 BTC
$51,883.36
114.826 MKR
16.42%
2
Updated 1 minute ago
$469.78
0.1301 BTC
$42,688.77
90.870 MKR
12.99%
3
Updated 10 minutes ago
$468.44
0.12967402 BTC
$36,993.14
78.971 MKR
11.29%
4
Updated 12 minutes ago
$454.62
0.12585 BTC
$29,737.13
65.411 MKR
9.35%
5
Updated 1 minute ago
$458.18
0.126889 BTC
$26,144.08
57.061 MKR
8.16%
6
Updated 3 minutes ago
$453.66
464.4487 DAI
$25,846.97
56.975 MKR
8.15%
7
Updated 12 minutes ago
$449.28
3.6936 ETH
$17,842.29
39.713 MKR
5.68%
8
Updated 2 minutes ago
$463.34
3.81188412 ETH
$14,850.20
32.050 MKR
4.58%
9
Updated 6 minutes ago
$468.29
3.853 ETH
$7,539.52
16.100 MKR
2.30%
10
Updated 4 minutes ago
$450.85
3.71306843 ETH
$5,090.95
11.292 MKR
1.61%
11
Updated 3 minutes ago
$456.24
3.75190237 ETH
$5,018.69
11.000 MKR
1.57%
12
Updated 1 minute ago
$455.54
0.12615799 BTC
$5,010.93
11.000 MKR
1.57%
Quick Stats
Maker Price $459.41
Market Cap $334,564,124
Market Cap Dominance 0.28%
Trading Volume $294,734
24h Low / 24h High $443.30 / $465.19
Market Cap Rank #21
All-Time High $1,798.70
Since All-Time High -75%
All-Time High Date Jan 20, 2018 (12 months)
1 Hour -0.59%
24 Hours 3.2%
7 Days -5.2%
14 Days -5.4%
30 Days 25%
60 Days -20%
1 Year -59%
Maker/Bitcoin Ratio 1 BTC = 7.86 MKR
Twitter Sentiment
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Misc. Info
Genesis Date November 25, 2017 (about 1 year)
Hashing Algorithm -
Hashrate N/A
Block Time minutes
Available/Total Supply 728 Thousand / 1 Million How is this calculated?
Complete Metrics Score
50%
Total
Major Exchanges Trading Activity
29%
Liquidity
Source Code Repository Activity
63%
Developer
Social Media & Discussion Board
39%
Community

About Maker

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.

70
Stars
25
Watchers
11
Forks
11
Contributors
45
Merged Pull Requests
7 / 11
Closed Issues / Total Issues