Rank 1032
Avg. Price
$ 2,000.040 USD
24hr Change
2.74%
Mkt. Cap
$ 1.98 B
Vol. 24H
MKR 2,555.730 ($ 5.14 M)
Low/High 24h
$ 1,925.060 / $ 2,090.810
Total Coins
$ 991,350.760
Last Trade
MKR 0.47833376 ( $ 957.175) / Bitstamp
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Maker

MKR

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USD

United States Dollar

Historical Data
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Description

Maker DAO is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token Dai against the IMF’s currency basket SDR. It's token, MKR is a speculative Ethereum based asset that backs the value of the dai, a stable price stable coin issued on Ethereum. Maker earns a continuous fee on all outstanding dai in return for governing the system and taking on the risk of bailouts. Maker’s income is funnelled to MKR owners through BuyBack program (Buy&Burn).