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Maker (MKR) logo

Maker (MKR) Price and Reviews

Expert Review
May 23, 2020

Maker (MKR) is a smart contract platform based on Ethereum blockchain. It is the very first DAO project. The platform hosts ERC20-based stablecoin called "DAI". DAI is pegged to the US dollar. What makes Dai different from other stablecoins is the fact that DAI is a decentralized asset backed by Ethereum smart contracts. The stability of Dai price is maintained via the price targeting mechanisms. The Maker platform allows trading ERC20 tokens for DAI coins. Another native token on the Maker platform is MKR. The holders of this coin can vote for the most important changes to the platform.

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The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.
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Related news
Site: makerdao.com
Market cap: $ 600,509,384.53803
Supply: 1,002,369.23257
Price (USD): $ 599.9
Volume 24h: $ 1,744,689.33191
Change 24h: -1.97%
Smart contract address: 0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
Total supply: 1,000,000.0
Total coins mined: 1,005,577.74633
Is trading: yes
Block reward: 0.0
Maker (MKR) logo

Maker (MKR) Price and Reviews