Maker Price & Charts



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  • A Tour Of the Varieties of DAI September 16, 2019
    submitted by /u/sneg5555 [link] [comments]
    /u/sneg5555
  • Is Nuo trustworthy? September 16, 2019
    submitted by /u/MountBlanc [link] [comments]
    /u/MountBlanc
  • Problem with tutorial, it says payment failed, what to do? September 15, 2019
    submitted by /u/tonysnake92 [link] [comments]
    /u/tonysnake92
  • BiWeekly General Discussion: Ask your questions here- September 14, 2019 September 15, 2019
    Welcome to the BiWeekly General Discussion thread for /r/MakerDAO. Visit us at Makerdao.com Chat with us at Maker Chat Debate with us on the forum Read the FAQs Trade DAI on eth2dai Dai Stablecoin System Health Metrics MakerDao Articles, Blog Posts and Tutorials ELI5 Maker Thanks for your insightful discussions, enjoy! submitted by /u/AutoModerator [link] […]
    /u/AutoModerator
  • newb q September 14, 2019
    So i just bought my first DAI (s), DAI'sesses?, Diseases? ...anywho.... Does the DAI savings rate automatically start accruing, or do I have do to more. For example if I buy 100 in DAI on coinbase do I have to do more to earn the savings rate? (also what is the plural of DAI) Thanks […]
    /u/RakesProgress
  • Coinbase Earn Dai - Finally managed to get my $14! September 14, 2019
    If anyone is having issues with Coinbase's Earn Dai tutorial because Coinbase Wallet sets the gas below safe levels and the transactions just take ages to process. I decided to venture out on my own to get my $14 worth of DAI. What I did seems to be dodgy/risky way of doing it, but it […]
    /u/Stealthbird97
  • If the eth used to generate DAI thru CDP gets liquidated. Does that mean the leftover DAI is no longer backed by anything? September 14, 2019
    This dai would still be in my wallet and ETH is sold to pay off the loan submitted by /u/xoinsotron [link] [comments]
    /u/xoinsotron
  • Historical utilization rates September 13, 2019
    is there a source for historical utilization rates? I'm trying to build various sensitivity curves. Using this, we should be able to more accurately set rates such that both borrowers pay less money and lenders make more money. ​ E.g., currently the spread (borrow - lend) is 5.9%. We can lower that spread by increasing […]
    /u/LOL_WUT_DO
  • Is dYdX trustworthy? September 13, 2019
    Is it as trustworthy as compound finance? It seems more like a company that is trying to sell you something rather than a decentralized open source project which goal it is to build a useful innovative product. Would you lend money to them? submitted by /u/allwissender [link] [comments]
    /u/allwissender
  • Looking for speakers for a DeFi roundtable discussion September 13, 2019
    Hi - I host a blockchain-focused networking community and members have been asking to discuss the DeFi topic in an open roundtable discussion. Anyone interested, or who could suggested someone that might be interested, in joining us? We'll have teleconference capability and will be meeting in person on Long Island, NY. Thanks submitted by /u/BlockchainMuggle […]
    /u/BlockchainMuggle

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What Is Maker ?

Maker

Maker”(MKR) is decentralized cryptocurrency, built to render services using as a smart contract platform of Ethereum blockchain, making steps to stabilize price volatility. It uses its’ own token known as “the Dai” to minimize such volatility against fiat currencies.

The amount of transaction, the sender, and the receiver remain private in the blockchain while the payment is published on a public blockchain.

MKR token can be used to send and receive payments via any ethereum account programmed to use smart contract. One of the unique features of MKR is that it is more stable and valued in the crypto market than most of the digital currencies.

The continuous stability in the value of MKR can be attributed to DAI bond pegged at $1 equal to 1 DAI.

           THE TEAM

     MKR’ 35 members team is made of seasoned professionals in various fields of endeavors led by Rune Christensen who is the Chief Executive Officer. The 35 man team is drawn from across the length and breadth of the world, making sure that the best hands are hired.

The full member list can be obtained from the website.

 

 PRACTICAL USES OF MAKER

  • It is used for payment of goods and services.
  • It is used for gaming and betting settlements. Betting unrelated predictions can be risky using volatileMKR provides a stable option to bet.
  • MKR is very useful in reliable collateral and custom derivatives smart contracts such as CFDs.
  • It is used for remittance and Cross-border By not involving middlemen or intermediaries, it means both the transaction fee, the cost of international trade will reduce tremendously.
  • MKR is used by most NGOs, charities etc. to minimize corruptions and other ill-financial transactions for efficient accounting purposes.

THE MINING

MKR network can be mined using these two ways. The popular CPU/GPU and the easy Mining pool.

CPU/GPU Mining:

This mining goes with the Proof of work (PoW)  with a hashing, SHA-256 algorithm. The mining computer must have a graphical interface and must meet other requirements. The GPU uses less processing power than CPU and seems to be better. The miner is expected to solve a computational puzzle and once the puzzle is solved, a new block is added to the blockchain and the records updated; the miner will receive a reward.

Note: Any antivirus in the mining computer has to be disabled for effective result.

Mining pool:

This involves mining in a group and contributing resources (processing power) together to mine, Once the computational problem is solved and a reward is released, it will be shared according to individual’s contributions. The higher your processing power, the higher your reward.

NOTES FOR INVESTORS

Maker (MKR) is one the most stable currencies in the crypto market. Even when there was a major shake-up to many cryptocurrencies in early January this year, it didn’t affect MKR.

The current price of MKR coin is $844.32 USD and the market capitalization is $521,982,689 USD

Maker(MKR) is one cryptocurrency that, people should not overlook

MUST READ!

This report is the figment of the writer’s imaginations and not intended to be a financial advice. Seek advice before investing.