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Maker (MKR)

€ 2.036,07

4,22 % € 85,92
24h 1w 1m 1y All

Maker Price in Euros

(MKR to EUR)

€ 2.036,07

Maker Volume

(24h)

€ 150.91 M

Market Cap

(Maker)

€1.81 B
BTC

What is Maker

A DAO or decentralized autonomous organization, Maker is an Ethereum-based protocol. It uses stablecoin and advanced smart contracts. Maker allows its users to lend and borrow cryptocurrency without having to worry about credit checks, but with the freedom of knowing how much they need to pay back.

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How does Maker work?

One function of Maker is to help stabilize a cryptocurrency known as Dai, which is a form of stablecoin and is used in the network’s borrowing and saving process. Anyone with an Ethereum wallet and ETH (the Ethereum token) can lend money in Dai, and once the user’s ETH is locked into the Maker network, they can produce more stablecoin or Dai – which is considered their loan collateral. It is only unlocked when users are ready and about to pay back their loan.

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How to buy Maker?

The Maker token, MKR, is available for purchase via any cryptocurrency exchange network. If you haven’t signed up with Coinmerce yet, now is your chance to do so; it’s easy and guaranteed safe.

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How to buy Maker?

You want to buy Maker? You can buy Maker using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Maker, use the search function to search for Maker and click on the name. You can indicate for how many euros you want to buy Maker in the right window. Below is shown how much Maker you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Maker when the price of Maker reaches your entered value. You can also execute a repeating order. Do you want to buy Maker with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Maker.

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About Maker

Officially launched as an Ethereum-based platform in 2016, Maker was actually introduced to the public in 2015. It was described as the first token on the Ethereum network to be branded as tradeable. Rune Christensen, MakerDAO CEO, is credited as the founder of Maker. Christensen created it so borrowers and investors can easily participate in the Maker network. One of the things that users like about Maker is that it does not use credit checks as basis for determining if a borrower is credit-worthy or not. Instead of checking users’ credit, it embraces the concept of liquidation. As such, assets become capital and are used to pay off the loans. Maker tokens, or MKR, also offer users the privilege of voting on initiatives and proposals in terms of how Dai is utilized, including updates and developments.

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Founder Rune Christensen
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Founder
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Founded 2015
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Industry Collateral
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Website Website
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Network
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Location USA
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Rank 67
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Market Cap 1.81 B
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Trading volume 150.91 M
euro
Maximum coins 1.01 M
euro
Circulating 890.92 K
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