Rank #13047
mkr Maker
$ 1,718.7
0.02517 BTC
2,51 MLN. satoshies
Market Cap
-
24 Hour Trading Vol
43,52 MLN. $
Circulating Supply
-
Total Supply
417,790.47
Max Supply
1,00 MLN.
Fully Diluted Valuation
907,93 MLN. $
Low
Range
High
Info
Contract
0x9f8f72aa9304c8b593d555f12ef6589cc3a5
79a2
Website
Explorers
Community
Search on
API id
Source code
tags
1h
24h
7d
1m
1y
max
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Maker Price Statistics
1,718.7 $
1,698.89 $ / 2,390.77 $
43,52 MLN. $
#13047
6,292.31 $
-72.68%
03 May, 2021, (4 years ago)
168.36 $
920.84%
16 March, 2020, (5 years ago)
Maker Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
Maker Performance
Trading Pair
day
week
month
mkr
/
usd
-7.07%
-14.65%
-13.68%
mkr
/
btc
-7.07%
-14.65%
-13.68%
mkr
/
eth
-7.07%
-14.65%
-13.68%
About Coin
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 compared to themselves. One USD in 1913 is worth the equivalent of $25.41 today, and even $1 in 1993 is worth the equivalent of $1.74 today. Stablecoins don’t negate these basic economic principles of value. Instead, both Tether and Dai have values pegged to the U.S. dollar. This is done to stabilize the price.
Where is Maker available for purchase?
You can exchange MKR tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Maker is Binance, notably the MKR/USDT pair, which saw a trading volume of $ 6,55 MLN. in the past day. Additionally, FMCPAY and LBank are popular alternatives for trading tokens.
What is the highest value Maker (MKR) has ever reached?
Maker (MKR) reached its peak price at 6,292.31 $ on 03 May 2021, approximately 4 years ago ago. Presently, the current price is -72.68% lower than this all-time high.
What is the historical minimum price for Maker (MKR)?
The minimum price reached for Maker (MKR) was 168.36 $, documented on 16 March 2020, more than 5 years ago. In comparison, the current price is 920.84%, it above this historical low.
What is the fully diluted valuation of Maker (MKR)?
The fully diluted valuation (FDV) of Maker (MKR) stands at $ 907,93 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,005,577 MKR tokens. The realization of this FDV might take several years depending on the emission schedule of MKR tokens.
How to add Maker (MKR) to MetaMask?
By integrating Maker (MKR) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import MKR as a token. You can either manually import MKR by copying its contract address (0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2) or use MetaMask's Chrome extension to add MKR with a single click through P.CASH.
How to add Maker (MKR) to TrustWallet?
Incorporating Maker (MKR) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include MKR, you can either manually import it using the contract address (0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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