Maker Price - MKR Price in USD with Live Chart

History of Maker (MKR)?

The Maker protocol came in 2015 by the leader Rune Christensen that allows an investor and borrowers to be part of the Maker Ecosystem. MKR is a demarcated-based network that has converted into a foundation named the Cayman Islands company.

The company made $12 million by selling MKR tokens in the year 2017. In 2018, the worth reached $15 million. In 2019, makers raised around $27.5 million from Dragonfly Capital Partners and venture firms Paradigm to expand Asia.

 

How to use a maker?

Maker(MKR) token is for voting for management DAI and protocol. One MKR token counts in on a vote when a token is secured in a voting contract. 

NKR token also has its value as a source of recapitalization because MKR supply will grow when debt exceeds the overabundance.

 

How many Maker(MKR) coins are there in Circulation?

MakerDAO(MKR) initially launched with 1 million MKR tokens. Currently, the circulating supply of MKR is 995,239 with a 4,226,665,588 (4.2+ billion) dollar market cap. The supply and value vary depending on the market piece and condition.

The price of MKR went very high on 5th February 2021, when the market cap touched more than 2.8 billion USD. It was around 3,100 USD. The current rank of MKR is #37 among the top #100 digital currency.

 

What Makes Maker Unique?

Maker(MKR) offers a unique opportunity for its users and MKR holders to participate directly in the presidential DAI. A particular type of token that is used to vote on some lists which has listed down below.

• To change the DAI savings rate.
• Risk parameters to alter cryptocurrencies
• System Upgrading.
• Voting power depends on the MKR staking size.
• To mine more DAI, new crypto to add as collateralized assets. 
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 Benefits of maker token?

• Maker(MKR) maintains the stability of DAI at USD 1.
• MKR is focusing on decentralized exchanges. Many tops and well-known exchanges in the world support MKR.
•  The maker has been supported by two cryptos including MKR & DAI that are based on an ERC20.
• Maker focuses and supports progressive projects, which are mainly focused on the decentralization future of crypto.
• MKR holders have voting rights, and holders are very incentivized to operate the network.
• DAI is very well-known for its future projects and best use-cases in the cryptocurrency world.

 

How to buy and store Maker(MKR) tokens?

MKR is still in demand in the world. The investors are showing interest in buying MKR. MKR is available on top exchanges in fiat and valuable digital currencies as well.

Step:1 - The first thing is to register on any exchange and provide legal and financial details, including each necessary document. 

Step:2 - find an option to deposit the fiat currency and try to purchase by fiat currency. If there is no option to buy MKR with Fiat, buy other stable crypto-like USDT and BUSD.

Generally, there are mainly four currency pairs available on every exchange, such as MKR/USDT, MKR/BUSD, MKR/BNB, and MKR/BTC. Find your preferable pairs and purchase MKR.

If you are a long-time holder or investor, you can store your maker in a safe place. You can store them in a hard or soft wallet and keep them safe for a long time.

Choosing a wallet depends on your MKR holding's time and quantity. All hardware and software wallets come with different rules and regulations so try it wisely.

We are listing down some exchanges where you try it yourself and apply the above step to buy maker.

• Binance
• Coinbase Pro
• Poloniex Market
• WazirX
• OKEx