Maker Price & Charts


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Maker News

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  • For those of you that have created CDPs, Why did you do it? May 27, 2018
    I'm interested in surveying the community about why exactly people are creating CDPs. I'm not really interested in the theoretical reasons why one might create a CDP. I'm more interested in those that actually using them. Why did you like about using a CDP? What did you not like? What would you like to see […]
    /u/softract
  • We're at EthBuenosAires May 26, 2018
    Hey guys, if anyone is in Buenos Aires for the Hackathon, we have a strong presence here. There's 5 of us, and so far a few of the projects plan on using Dai or CDPs in one way or another. If you're here, find us! submitted by /u/nanexcool [link] [comments]
    /u/nanexcool
  • Makerdao on etc May 26, 2018
    Given the relatively high gas fees for using maker on Eth, has anyone considered copying the contract to etc? Maybe there should be etcdai? submitted by /u/Mars1977 [link] [comments]
    /u/Mars1977
  • What is collatorallization ratio exactly? May 25, 2018
    Noob question: what is the collateralization ratio exactly? Why when I lockup 1 ether can’t I get exactly the number of dai as the current eth price? Thanks! submitted by /u/coinpoppa [link] [comments]
    /u/coinpoppa
  • MARKET protocol partners with MakerDAO May 25, 2018
    submitted by /u/jesssalomon-makerdao [link] [comments]
    /u/jesssalomon-makerdao
  • MKR Re: EasyCDP (Is MakerDAO now illegal in USA?) May 25, 2018
    https://easycdp.com/ This site has now been blocked to US residents: "As a precaution we have decided to not allow US users to interact with the EasyCDP interface software until we have reached clarity that MakerDAO has the ability to perform business within the United States." submitted by /u/zerohedge101 [link] [comments]
    /u/zerohedge101
  • Real world application of DAI May 25, 2018
    Hello there, I was just wondering, do you have any plan to implement DAI into real world blockchain applications (supply chain or e-commerce for instance)? I'm following a lot of projects like morpheus network, waltonchain etc... but at some point they would need a stable coin to grow adoption. Is there any plan to get […]
    /u/EtienneRoy
  • Why would anyone want to close a CDP? May 25, 2018
    If I have a CDP I want to settle, I can just pay back the DAI, burn MKR and free my ether. Once the CDP is empty and the ether is back at my possession there is no need to further "close" the CDP. It's just another transaction that increases complexity and possibility of errors […]
    /u/raiden4
  • Crypto Lark is up for an interview with MakerDAO May 25, 2018
    https://youtu.be/oSuhs041Cs0 Check out the comments. He has a pretty decent following and after all the bad stuff Kain says in the video about MakerDAO maybe an interview to clear things up would be a nice idea. submitted by /u/u123454321 [link] [comments]
    /u/u123454321
  • Cannot wipe CDP May 24, 2018
    How come I cannot wipe my CDP? I get a message that I don't have enough MKR but it doesn't matter how much MKR I buy I still can't wipe because I don't have enough MKR. It doesn't tell me how much I need or why I need it. Why does this have to be […]
    /u/DSMatichuk

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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.