Maker (MKR)

Backbone of asset backed stablecoin DAI

#29

Marketcap Ranking

323.4458 (-2.68%) arrow_drop_down

Market Price (24h change)

325,351,255

Total Market Cap

3.7

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info_outline What is Maker

3.0

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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: registrar-abuse@amazon.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

3.0

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Maker Communities & Events

Learn more about Maker, chat with the team, and have your say in shaping the future of commerce on the blockchain.

view_list r/MakerDAO Subreddit
person 12,114 Subscribers
directions_run 244 Active Users
create 9 Daily Posts
speaker_notes 85 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 41,298 Followers
04.06.2020
23:16
The first thirteen Maker Improvement Proposals (MIPs) have been posted to the Forum. Read more about the MIPs here: https://t.co/pWlIVMqSJL And the individual proposals here: https://t.co/n7SHqjQM22 57 favorite
04.06.2020
16:14
Multiple Governance Polls have been added. Voters are now able to signal their support for a: 🔄Vault Compensation - signal whether to move ahead with a plan to provide compensation to vault holders 🏃‍♂️Add IRV Ranked Choice Voting More polls below 👇 47 favorite
04.03.2020
20:19
As the community prepares for complete decentralization, these are the key components for creating a self-sustaining MakerDAO: https://t.co/BgrvGUvci2 46 favorite
04.03.2020
15:59
The Maker Foundation Interim Governance Facilitator has placed an Executive Vote proposal into the voting system to: ⬇️Lower the USDC Stability Fee to 12% ⬆️Raise the Sai Stability Fee to 8% ⬆️Raise the DSR Spread to 0.5% ⬇️Lower Sai to Dai migration Debt Ceiling to 0 More 👇 44 favorite
04.01.2020
22:54
The latest edition of Making Maker is live, detailing the recent market events, but also the recent gaming initiative, latest integrations, and event recaps: https://t.co/NaiOsX6hrr 21 favorite
04.01.2020
16:29
A look at the coming months of governance, and what complete decentralization of the DAO means: https://t.co/1FvWpzhzHW If you're an MKR holder, read on and remember: it's a responsibility to vote and have your say! 52 favorite
04.01.2020
15:34
REMINDER: There is currently a governance poll asking if the community should shut down Single-Collateral Dai (Sai) on April 24th. If you still hold Sai or a CDP and have not upgraded to Multi-Collateral Dai (or a CDP to Vault), you can do so here: https://t.co/PhcYlU9jb5 34 favorite
04.01.2020
01:16
A look at the market collapse of March 12-13 and how it impacted MakerDAO, plus lessons learned and next steps: https://t.co/bh2y98iX0J 105 favorite
03.30.2020
16:36
Multiple Governance Polls have been added. Voters are now able to signal their support for a: 🔓DSR Spread within a range of: 0%-4% ↔️Dai Stability Fee Adjustment: 0%-4.5% ↔️USDC Stability Fee adjustment: 12%-20% ↔️Sai Stability Fee adjustment: 3.5%-11.5% More ⬇️ 28 favorite
03.27.2020
16:11
The Maker Foundation Interim Governance Facilitator has placed an Executive Vote proposal into the voting system to: ⬇️Lower the USDC Stability Fee from to 16% ⬇️Lower the Dai ETH Debt Ceiling to 90 million Dai More info: https://t.co/h2RbTDgYvf 25 favorite
Name Date Description
Istanblock 2020 04.09.2020
ANON 2020 04.15.2020
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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

3.5

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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 294 Stars
remove_red_eye 37 Watchers
usb 77 Forks
sync_problem 2 Open Issues
border_color 0 Comment Coverage
lock_open GNU Affero G License

attach_money Maker Price Analysis

3.9

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Maker Price Prediction

$ 328.4099 (-0.16%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 429.3393 (30.52%) 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

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 Bitfinex MKR/ETH $ 335.8042 $ 13,364 check
# 2 Bitfinex MKR/BTC $ 335.3466 $ 6,417 check
# 3 Bitfinex MKR/USD $ 323.9900 $ 3,734 check
# 4 Bitfinex MKR/DAI $ 258.0683 $ 33 check
# 5 HitBTC MKR/USDT $ 326.3645 $ 21,907 clear
# 6 HitBTC MKR/BTC $ 327.7578 $ 9,276 clear
# 7 Kucoin MKR/BTC $ 325.4318 $ 6,671 clear
# 8 Kucoin MKR/ETH $ 325.7401 $ 4,681 clear
# 9 Kucoin MKR/DAI $ 325.1628 $ 2,046 clear
# 10 Bkex MKR/USDT $ 322.0030 $ 1,135 clear

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