Nano Maker (MKR)

$ 572.68 USD Ƀ 0.05612 BTC
(5.29%) Last 24 Hour

Rank 37

Market Cap
$ 572.68 M
Volume (24h)
$ 546.18 K
algorithm
ETH Token
Total Coin Supply
1000000

About Maker

Maker DAO is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token Dai against the IMF’s currency basket SDR. It's token, MKR is a speculative Ethereum based asset that backs the value of the dai, a stable price stable coin issued on Ethereum. Maker earns a continuous fee on all outstanding dai in return for governing the system and taking on the risk of bailouts. Maker’s income is funnelled to MKR owners through BuyBack program (Buy&Burn).