Maker (MKR)

1M
MKR
458.6378 USD -2.58%
0.04937606 BTC -1.88%
MKR
$ 458.6378 -2.58%
0.04937606 BTC -1.88%
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What is Maker?
Maker (MKR) is a utility token, a governance token and a recapitalization resource of the Maker system based on the Ethereum blockchain. MakerDAO is a decentralized autonomous organization (DAO) with the native coin MKR, which manages a fully decentralized stablecoin DAI through a dynamic system of Collateralized Debt Positions (CDP), autonomous feedback mechanisms and appropriately incentivized external actors.

MKR tokens are created or destroyed in accordance with price fluctuations of the DAI coin in order to keep it as close to $1 USD as possible, and a part of a fully inspectable system on the Ethereum blockchain. MKR tokens are used to pay transaction fees in the Maker system, and to provide holders with voting rights within Maker’s continuous approval voting system.

Technology & Supply

Learn more technical information about the digital asset.

Currency Type Token
Proof Type Not mineable
Total Supply 1,005,577 MKR
Circulating Supply 1,005,577 MKR

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