Maker (MKR)

Backbone of asset backed stablecoin DAI

#44

Marketcap Ranking

527.7261 (-6.1%) arrow_drop_down

Market Price (24h change)

529,390,532

Total Market Cap

3.6

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info_outline What is Maker

4.5

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Maker Short Description

The Dai Stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar. We believe that stable digital assets like Dai Stablecoin are essential to realizing the full potential of blockchain technology.

Maker is a smart contract platform on Ethereum that backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors. Maker enables anyone to leverage their Ethereum assets to generate Dai on the Maker Platform.

Once generated, Dai can be used in the same manner as any other cryptocurrency: it can be freely sent to others, used as payments for goods and services, or held as long-term savings. Importantly, the generation of Dai also creates the components needed for a robust decentralized margin trading platform..

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Maker Explanation Video

MakerDAO Review: Complete MKR Overview | Coin Bureau

► DAI Video https://www.youtube.com/watch?v=c7ucnCQmhiE ► Complete DAI Review: https://www.coinbureau.com/education/what-is-dai-coin/ ► DAOStack & Decentralised Governance: https:/ ...

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Screenshot from Website

makerdao.com
Maker Websitemore_vert

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Website Informationclose

Organization: Whois Privacy Service
Name: On behalf of makerdao.com owner
Country: US
City: Seattle
Zipcode: 98108-1226
Address: P.O. Box 81226
Mail: abuse@amazonaws.com
Creation date: 2015-03-17
Expiration date: 2021-03-17
Nameserver: GUY.NS.CLOUDFLARE.COM

build Maker Product Analysis

4.8

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Maker Whitepaper

Maker (MKR) is a utility token, governance token and recapitalization resource of the Maker system.


The whitepaper of Maker is 21 Pages long.

The most influencial keywords are: Collateralized, Market, Price, Pricing, Debt, Risk, Platform, User, Governance, and Governments.

file_downloadOpen Whitepaper
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Maker Competitors

  • 1.) WorldCoin

    Worldcoin major goal is to become the cryptocurrency of choice for merchants and consumers during their everyday transactions, whether it be a cup of coffee or bigger ticket items. Worldcoins’ speed and security makes all of this possible. Fast speeds make Worldcoin the best way to pay for everyday transactions. Transactions are fully confirmed in about 60 seconds.

  • 2.) Veritaseum

    Veritaseum builds blockchain-based, peer-to-peer capital markets as software on a global scale. We enable the seamless connection of parties and assets without the need for a third or authoritarian interest. Any entity with internet access can participate in these capital markets on a peer-to-peer and one-on-one basis.

  • 3.) Kin

    Kin is a cryptocurrency designed to bring people together in a new shared economy. KIN is swapping token from ERC-20 Ethereum to KIN blockchain based on Stellar.

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Maker Product Analysis

Maker was founded back in August 2015. Its source code was released publicly on github on October 2018 under the GNU Affero General Public License v3.0 license.
Organization wise, Makers Development is Centralized and is being developed under the lead of Greg Diprisco.

The consensus on which the Maker network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Maker currently is Working product

group Maker Community Analysis

2.6

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Maker Communities & Events

The Maker Protocol, also known as the Multi-Collateral Dai system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.

view_list r/MakerDAO Subreddit
person 17,910 Subscribers
directions_run 378 Active Users
create 2 Daily Posts
speaker_notes 1 Daily Comments
linkOpen Subreddit

view_list Telegram: Contact @akerdaoMKR Channel
person Members
directions_run Online
linkOpen in Telegram

Official Twitter account for Maker

view_list @MakerDAO Channel
person 74,219 Followers
12.03.2020
16:00
#SGFinTechFest is one of the largest #FinTech events with speakers including Bill Gates, Sundar Pichai, and other CEOs from the largest finance & tech companies. @sgfintechfest + side events are packed with exciting content, so don’t miss these featuring Maker: 17 favorite
12.02.2020
18:02
A proposed update to the DsChief – which would prevent flash loans from being used to vote – is now live in the voting portal. You can read about it here: https://t.co/34bxImX0SB MKR holders can vote at https://t.co/g9vSgxm089 29 favorite
12.01.2020
17:58
Proud to be a part of @TheGivingBlock's #BitcoinTuesday campaign where you can donate #Dai to nonprofits. See below to donate: https://t.co/bzA3PAVgXP 18 favorite
11.30.2020
22:36
For our friends in LATAM and Spain: Desde mañana con @cryptoplaza_es vamos a estar desandole una #FelizNaviDAI a nuestros amigos de España y LATAM. Pueden leer más sobre esto en nuestro blog y ayudarnos a ayudar a sus restaurantes locales favoritos! 🎁🎅🎄https://t.co/FS9umaeBXh 13 favorite
11.30.2020
20:37
In November we hit 1 billion $Dai, unveiled a redesigned voting portal, busted misconceptions about Dai, and much more. Read all about it in this month's Making Maker: https://t.co/qsfTf9IRFz 48 favorite
11.30.2020
17:54
A Governance Poll has been added to the voting portal to signal support for/against: Adding the following collateral types - 🪙 $UNI (@UniswapProtocol) 🪙 $renBTC (@renprotocol) 🪙 RWA-001 (6s Capital) 🔮Whitelist Yearn Finance on YFIUSD Oracle More 👇 196 favorite
11.27.2020
18:30
An executive vote has been added to the voting portal to: Increase the ETH-A Debt Ceiling from 490M DAI to 590M DAI. Read more: https://t.co/fO33xPT7Uu MKR holders can vote at https://t.co/g9vSgxm089 46 favorite
11.23.2020
18:30
An executive vote has been added to the voting portal: 🧺Approve November 2020 Governance Cycle Bundle See the specifics of the bundle here: https://t.co/wPRR5gawLu MKR holders can vote at https://t.co/g9vSgxm089 28 favorite
11.23.2020
18:00
How Ethereum 2.0 will address gas issues and enable $Dai and #DeFi to Scale: https://t.co/R6PoIP0v6e 44 favorite
11.23.2020
17:25
A Governance Poll has been added to the voting portal to: ⏩Accelerate the Peg Stability Module Launch For more info, read the blog here: https://t.co/G57AlylAUF MKR holders can signal their support at https://t.co/zUCKxMPGVR 18 favorite

There are no events for Maker in the next 3 Months

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Maker Google Trends


The Google Trends chart displays the search interest on google in Maker relative to its peak over the last year. A rising chart shows growing interest int he project.

code Maker Development Analysis

3.9

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Maker Github Analysis

Code Updates (Commits)


Every change to the codebase of Maker is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 394 Stars
remove_red_eye 50 Watchers
usb 98 Forks
sync_problem 3 Open Issues
border_color 0 Comment Coverage
lock_open GNU Affero G License

attach_money Maker Price Analysis

4.6

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Maker Price Prediction

$ 547.3436 (3.19%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 590.8172 (11.39%) arrow_drop_up

Predicted USD Market Price in 14d by Coinpaper

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Converter MKR - USD

Convert between MKR and USD with the live Maker prices, aggregated from all big exchanges that trade Maker.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Maker Team Analysis

4.8

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Maker Team

Maker Team Leader

Rune Christensen - Ceo
Chief Executive Officer and Cofounder of MakerDAO. Since 2015, he has focused on establishing the vision and organizational structure of the Maker Decentralized Autonomous Organization and the economic foundations of the Dai stable digital currency. Previously, he served as co-founder of Try China, a company providing international recruiting.


supervisor_accountSocial Network Links

Maker Team Members (55)

launch

Greg Diprisco

Head of business development

launch

Soren Peter Nielsen

Head of product

launch

Steven Becker

President & coo

launch

Bartek Kiepuszewski

Head of product

launch

Lev Livnev

Economic research lead

launch

Wouter Kampmann

Integrations pm

launch

Coulter Mulligan

Head of marketing

launch

Henry Doe

Head of ux & design

launch

Mike Porcaro

Head of communications

launch

Jacek Czarnecki

General counsel

compare_arrows Maker Exchanges

Maker Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance MKR/USDT $ 528.8869 $ 5,389,447 check
# 2 Coinbase Pro MKR/USD $ 528.3726 $ 2,171,011 check
# 3 Binance MKR/BTC $ 527.8456 $ 458,123 check
# 4 Coinbase Pro MKR/BTC $ 528.4926 $ 196,068 check
# 5 Binance MKR/BUSD $ 528.9541 $ 143,315 check
# 6 Bitfinex MKR/USD $ 529.3600 $ 45,270 check
# 7 Binance MKR/BNB $ 528.6657 $ 44,059 check
# 8 Bitfinex MKR/ETH $ 532.1064 $ 982 check
# 9 Bitfinex MKR/BTC $ 539.3403 $ 907 check
# 10 Bittrex MKR/BTC $ 534.3542 $ 741 check

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