Maker Price & Charts



Maker News

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  • Futures market for Maker CDPs stability fee on @veil.. March 20, 2019
    submitted by /u/twigwam [link] [comments]
    /u/twigwam
  • MakerDAO (CDP Portal + ETH2DAI) step by step video tutorial March 20, 2019
    submitted by /u/reuptaken [link] [comments]
    /u/reuptaken
  • Which is more stable? An algorithmic stablecoin or a collateralized stablecoin (crytpo or fiat-collateralized) March 19, 2019
    Stablecoins keep their price stable in a variety of ways. My question is whether or not a collateralized one is more secure in maintaining stability than a non-collateralized one, and why? ​ Saw this great comment here https://www.reddit.com/r/MakerDAO/comments/9jqrru/how_do_you_measure_stable_coin_stability/e6zys48 about ways to measure that • Volume measured in the all the customary ways. • The relationship […]
    /u/SwamiRamayya
  • Using CDP to generate DAI to settle tax balance due March 19, 2019
    Approaching April 15th, I'm curious whether anyone who carries a tax balance due is considering taking cash that would otherwise be written in a check to the IRS and instead use it to buy ETH --> open a CDP to generate DAI --> convert DAI to USD to pay tax bill --> steadily manage payback […]
    /u/doge_gang
  • Is anyone using DAI to collaterize and trade physical assets (not fiat currency) ? If yes, do they think that the police would enforce the contract? Who is to tell if the real world asset is to be impaired i.e. loses value because damaged ? March 19, 2019
    Hi all, ​ first time posting in r/MakerDAO. I'm quite familiar with BTC but not so much with the practicality of smart contracts. I did look for the answer to this before posting and couldn't find anything. ​ submitted by /u/agasabellaba [link] [comments]
    /u/agasabellaba
  • Adding periodic repayment to CDPs to influence the peg March 19, 2019
    What is the reasoning behind collecting the stability fee only at the end of the life of a CDP (or when it gets bitten)? I think the DAI price would react a lot quicker if the stability fee had to be paid every month and CDP users had to go and buy DAI on the […]
    /u/mathrio
  • Another Alternative To Fix The Peg March 19, 2019
    The Maker Foundation holds more than 25% of the supply of MKR, currently worth about $188M (https://etherscan.io/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2?a=0x8ee7d9235e01e6b42345120b5d270bdb763624c7). ​ Why not create demand for DAI buy selling some for DAI? ​ DAI is not very far from $1(only a few cents off). DAI marketcap is capped below $100M. It would not require selling many to influence […]
    /u/raiden4
  • How exacly stability fee is calculated for partial payback March 19, 2019
    Hi, I've borrowed 500 DAI at this transaction: https://etherscan.io/tx/0x0dfb7f210ad6fac3b27a82fbcc7a84d04772d366c375c1c276b53152b0130268 And pay it back 3 minutes later with this transaction: https://etherscan.io/tx/0x2a2b49b0b05af98e3877bb7bb19cabd285849d1fcb04040c940929e24ba2e97d And I've paid 0,05 USD worth MKR in intrests (0.000076072324048624 MKR) that is nowhere near 3,5% yearly that is actually >1000% yearly Is there some counter of my total debt that got decreased by 0,05 […]
    /u/adamskrodzki
  • What is the Dai peg site? March 19, 2019
    I saw a site once that showed the dai peg. Anyone know that site? submitted by /u/tryerOfallthings [link] [comments]
    /u/tryerOfallthings
  • At What Price Does DAI Have Natural Floor? March 19, 2019
    Being a CDP Holder for over a year now, If the PEG drops far enough below $1, I will be buying DAI on the exchanges to pay back my debt at a discount. What do people feel is the percentage below $1 would DAI need to drop for CDP holders like me, to start paying […]
    /u/General_Illus

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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.