Makr - mkr

1 mkr = 0 USD
1,000,000 MKR
$ 0 USD

Asset Information

Asset Name Makr
Trade Ticker mkr
Logo Icon -
Asset Type Token
Total Supply 1,000,000 MKR
Algorithm Ethereum ERC20
Contract Address 0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
Website https://makerdao.com/en/
Explorer https://etherscan.io/token/Maker
Telegram Group https://t.me/makerdaoofficial
Facebook -
Twitter https://twitter.com/MakerDAO
Source Code https://github.com/makerdao
Coingecko https://www.coingecko.com/en/coins/maker
Coinmarketcap https://coinmarketcap.com/currencies/maker/

Asset Description

Maker is a smart contract platform on the Ethereum chain that backs and stabilizes the value of stablecoin DAI through a dynamic system of Collateralized Debt Positions (CDP), autonomous feedback mechanisms, and appropriately incentivized external actors. MKR tokens are created or destroyed in accordance with price fluctuations of the DAI coin in order to keep it as close to $1 USD as possible, and is part of a fully inspectable system on the Ethereum blockchain. MKR tokens are also used to pay transaction fees on the Maker system, and provides holders with voting rights within Maker’s continuous approval voting system.