Maker (MKR)

Market Capitalization: $734,471,922 Market Volume: $2,459,432

%(1h) -0.56 %
%(24h) 10.77 %
%(7d) 44.01 %
%(30) 10.77 %
%(6m) 44.01 %

Maker Conversion Calculator
Net Hash/s: 0
Algorithm: ETH Token
Proof Type: n/a
Block Time: 0
Block Reward: 0
Block Reward Reduction: n/a
Coin Supply: 1,000,000
Coins Available: 1,000,000
Difficulty Adjustment: n/a
Start Date: 2016/03/08

What is Maker?

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).