Maker (MKR)

CryptoMaker (MKR)

Maker has a price of $ 975.64 with a marketcap of $ 880.18 M. It ranks number 54 of all cryptocurrencies.

Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum (ETH) blockchain, that allows users to issue and manage the DAI (stablecoin). Initially conceived in 2015 and launched in December 2017, Maker is a blockchain project whose task is to operate DAI, a community-managed , cryptocurrency that is decentralized and with a stable value soft-pegged to the US dollar.

MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, the holders have voting right over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.

The Maker ecosystem is one of the first projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.

$ 975.64

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