Maker (MKR), it is the token which is governed by MakerDAO, it is the decentralized organization and Maker Protocol which is a software platform. Both are based on Ethereum blockchain, which allows users to issue and manage the DAI stable coin. Maker token first conceived in 2015 and then it was launched fully in December 2017. The fundamental work of the Maker venture to work DAI, DAI is a network which oversees decentralized digital currency with a steady worth delicate fixed to the US dollar. MakerDAO was created by Rune Christensen, who is an entrepreneur from Sealand, Denmark in 2015.
Maker is an ERC-20 token, meaning it runs on the Ethereum blockchain. Ethereum is secured by its Ethash proof of work function. The unique thing about MKR is it allows it’s holders to directly participate in the process of governing DAI. Every MKR holder has the right to vote on the number of changes to the Maker Protocol.
The total supply of Maker is 999,378 MKR and the circulating supply is 999,378 MKR with the Market Cap of $515,625,281 USD. The supply of MKR is a dynamic value that changes depending upon the market conditions and also the overall status of the DAI ecosystem. Considering October 2020, the flowing stock of Maker tokens is around 1 million, which is worth more than $500 million. You can exchange MKR on exchanges like Binance, OKEx, Uniswap, Coinbase Pro.
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