Maker (MKR)

Backbone of asset backed stablecoin DAI

#39

Marketcap Ranking

454.3579 (0.69%) arrow_drop_up

Market Price (24h change)

456,891,822

Total Market Cap

3.4

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info_outline What is Maker

4.4

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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

Is XRP A Sleeping Giant Simply Explained! [Ripple Cryptocurrency Altcoin] | Bitcoin Money Maker

Is Ripple A Sleeping Giant Simply Explained! Best Cryptocurrency Market Binance https://www.binance.com/?ref=25992167 Litecoin Donation ...

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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.) 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.

  • 2.) 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.

  • 3.) Gnosis

    Gnosis builds revolutionary market-driven forecasting technology to let you shape the future.

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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

2.8

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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 16,639 Subscribers
directions_run 326 Active Users
create 5 Daily Posts
speaker_notes 24 Daily Comments
linkOpen Subreddit

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

Official Twitter account for Maker

view_list @MakerDAO Channel
person 60,599 Followers
09.23.2020
18:41
Digital art is becoming the latest use case for $Dai. See how @withFND, @IamOliveAllen, @opensea, and more are helping to make Dai the currency of art: https://t.co/TERTW8q2mH 65 favorite
09.18.2020
15:57
An Executive Vote has been added to: ⬆️Increase Base Rate from -2% to 0% 🪙Enable TUSD (@TrustToken) 🌊Modify Stablecoin Liquidation Ratios from 103% to 101% 📈Increase USDC-A Debt Ceiling from 200M to 400M ⚙️Fix Gitcoin Feed Key Replacement on MANAUSD Oracle More 👇 37 favorite
09.17.2020
17:11
Really exciting news from our friends at @PundiXLabs as Maker looks to expand in Africa by building a Dai-Agent Network! cc @RealSahabia https://t.co/jjdviTNRQh 109 favorite
09.15.2020
22:50
Ethereum smart contracts underpin every element of MakerDAO, including $Dai and the Maker Protocol, and are essential to decentralized finance (DeFi). Learn how they work: https://t.co/ljYpyoNq7v 53 favorite
09.14.2020
17:15
Multiple Governance Polls have been added. Voters are now able to signal their support to/for: 👨‍💻Domain Team Onboarding (Risk & Smart Contracts) 🪙Collateral Onboarding (LRC, LINK, COMP) ⬇️Reduce USDC-A & PAX Liquidation Ratio within a range of 105%-101% More 👇 30 favorite
09.14.2020
16:34
An Executive Vote has been added to: 📈The USDC-A collateralization ratio will be decreased to 103% and Debt Ceiling increased to 200M 📈The PAX collateralization ratio will be decreased to 103% and Debt Ceiling increased to 30M More info: https://t.co/0B4yxlBddf More 👇 21 favorite
09.14.2020
14:38
If you are a Japanese speaker, the community in Japan is running a fun initiative for a chance to get some $Dai. Check it out: https://t.co/4IM2ao9D2Q 20 favorite
09.11.2020
17:56
Great to see another gaming ecosystem integrating $Dai! @PolyientGames PGFK sale kicks off on Sept 15th and is accepting Dai 💪 https://t.co/cZhj68MPqL 49 favorite
09.11.2020
16:17
An Executive Vote has been added to: 📈Increase the USDC-A Debt Ceiling from 40M to 100M 🔮Whitelist tBTC on the ETHBTC Oracle More info: https://t.co/ekalOHfz7G MKR holders can vote at https://t.co/g9vSgxm089 #VoteOrDAI https://t.co/d6hlXKo99x 21 favorite
09.11.2020
15:47
Get caught up on all things Maker Governance with the August recap, including new collateral types, debt ceiling increases, and more: https://t.co/we2pGCRyYL 23 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

3.8

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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 371 Stars
remove_red_eye 48 Watchers
usb 94 Forks
sync_problem 1 Open Issues
border_color 0 Comment Coverage
lock_open GNU Affero G License

attach_money Maker Price Analysis

3.2

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Maker Price Prediction

$ 431.6134 (-4.02%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 405.3568 (-9.86%) arrow_drop_down

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

Steven Becker

President & coo

launch

Andy Milenius

Cto

Bartek Kiepuszewski

Head of product

Lev Livnev

Economic research lead

Wouter Kampmann

Integrations pm

launch

Coulter Mulligan

Head of marketing

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 $ 454.7919 $ 2,166,577 check
# 2 Coinbase Pro MKR/USD $ 453.4936 $ 1,135,873 check
# 3 Binance MKR/BTC $ 453.9034 $ 437,411 check
# 4 Binance MKR/BUSD $ 455.6989 $ 214,461 check
# 5 Coinbase Pro MKR/BTC $ 453.4589 $ 186,067 check
# 6 Binance MKR/BNB $ 453.3931 $ 40,757 check
# 7 Bitfinex MKR/ETH $ 452.7807 $ 22,599 check
# 8 Bitfinex MKR/USD $ 455.0000 $ 8,645 check
# 9 Bitfinex MKR/BTC $ 442.3989 $ 3,472 check
# 10 Bittrex MKR/BTC $ 456.0643 $ 647 check

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