Maker MKR
Decentralized Finance (DeFi)Avalanche EcosystemPolygon Ecosystem
$1,410.76
24h −3.96%7d −9.18%30d −19.52%
E
Health grade
33 / 100
Very highUpdated 39 minutes ago
Pukna signals
Recent MKR signals
Real Pukna buy and sell signals on the MKR-USDT 4h and 1d charts, shown with a 3-day delay.
Signals delayed by 3 days
Key figures
Market cap
—
FDV
$116.75M
24h volume
$49.67K
Circulating supply
—
All-time high
$6,292.31
−77.58% · 2021-05-03
TVL
$4.43B
1-year change
+12.37%
90-day volatility
115.1%
Price (USD)
Drag the chart left to load earlier history.
Health score
E- Supply can be increased by the contract owner
- Top 10 holders control a large share of supply
- Thin exchange liquidity
The health score combines size, exchange liquidity, supply dilution, contract security and price stability from public data. It is a quick screening aid, not a recommendation.
Tokenomics
Circulating
—
Total supply
82.76K
Max supply
1.01M
Market cap is 50.0% of fully diluted value. Lower values mean more tokens are still to be released.
Contract security
ethereum- Source code verifiedYes
- Honeypot riskNo
- MintableYes
- Ownership reclaimableNo
- Blacklist functionNo
- Upgradeable proxyNo
- Buy/sell tax0.00%
- Holders74,882
- Top 10 holders201.51%
Checks are provided by GoPlus Security for the main contract and can change after upgrades.
Liquidity & trading
Binance · MKRUSDT24h turnover
$440.71K
24h trades
4,001
Bid/ask spread
—
Order-book depth ±2%
$0.00
About the project
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 compare
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 compare