Maker (MKR)
What is Maker (MKR) ?
Maker (MKR) is a cryptocurrency platform built on Ethereum. The main goal that developers are striving for is the creation of such decentralized virtual assets, the price of which is related to the price of real assets, for example, the fiat currency of a country or the price of precious metals. This platform uses two different cryptocurrencies, DAI and MKR. DAI acts as a stablecoin, and MKR is a technical token that is needed to service the financial work of the project. The developers plan to launch a crypto exchange (which will be based on the MRK platform), which will serve the margin trading of those cryptocurrencies that operate on the ERC20 protocol. Maker (MKR) as a company is backed by the Ethereum Foundation.
The developers of the Maker platform strive to promote the idea of providing cryptocurrencies with physical assets as much as possible, as this increases their credibility and opens up many opportunities for the legalization of cryptocurrencies in different parts of the world. The creators of Maker compare their project with such cryptocurrencies as Steem Dollar, Tether, DigixDAO. One of the main advantages of Maker is its decentralization, which gives its users a high degree of financial autonomy and independence from financial and government institutions. This cryptocurrency can be used in almost every country on the planet.
MKR was conceived by the developers as a means of investment with which you can actively participate in the development of the project. By purchasing MKR, a person can take part in voting on decisions regarding the development of the project. Also, such investors will receive income or losses, depending on the performance of the company. Thus, MKR is needed to attract investment for the development of the entire project.
Mining Maker (MKR)
There is no way to mine MKR. Taking into account the purpose of creating this cryptocurrency, this is not surprising. Those who want to make money on this cryptocurrency should buy it, thus gaining the right to vote in making decisions about the development of the project. If the project develops positively, then people who buy MKR will profit from the growth in the value of the asset.
How do I get Maker (MKR)?
You can buy MKR on one of the crypto exchanges where this cryptocurrency is traded or through a crypto exchange such as Leoexchanger!
Maker Price Change (MKR) (USD)
As of August 2022, 1 MKR is worth approximately $775.47. The total market capitalization is $758,082,511.
The price movement chart is shown below:
How to store Maker (MKR)?
You can keep your MKR on a crypto exchange account or on a crypto wallet. Before choosing a crypto wallet, make sure that it supports the ability to store MKR and also has positive reviews from other users.
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