Maker (MKR)
Cryptocurrency: Maker (MKR)
Official Website: https://makerdao.com/en/
What is Maker?
Maker is a governance token to the MakerDAO and Maker Protocol. It is separately a decentralized organization while also a software platform with both being based on the Ethereum blockchain that enables users to issue and manage the DAI stablecoin.
The idea was initially formed in 2015 and then completely launched in December 2017. The task of the project is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.
MKR tokens has the role of a voting share for the organization that oversees DAI; while they don’t pay dividends to their holders, they do provide the holders voting rights regarding the development of Maker Protocol. They are expected to appreciate in value in harmony with the success of DAI itself.
The Maker ecosystem is one of the few early projects on the decentralized finance DeFi scene. This is the industry that seeks to create decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.
Team
MakerDAO was established in 2015 by Rune Christensen who is an entrepreneur from Sealand, Denmark.
Graduating from Copenhagen University with a degree in biochemistry, Christensen studied international business at the Copenhagen Business School. Preceding to MakerDAO, he co-founded and operated the Try China international recruiting company.
The Maker Foundation set ut with the aim of bootstrapping MakerDAO to drive growth and move the organization toward the direction of complete decentralization. While the Foundation provided growth assistance through the launch of Multi-Collateral Dai (MCD), it is currently leading attempts to decentralize development.
Roadmap
As MCD shifts nearer to launch, the community’s high level of engagement will be vital in accomplishing the following crucial governance milestones:
• The Maker Foundation will work with the governance community to plan the work to come and realize how the procedure should be handled and debated.
• Publication of the Collateral Onboarding Guide and Application Form.
• The Maker Foundation Interim Risk Team will release a Risk Framework document.
• Evaluation of the collateral types, as prioritized by the community, will start with talks around the qualitative and quantitative models offered by the Interim Risk Team.
• The process will conclude with an Executive Vote by MKR holders to officially confirm the work of the Governance and Risk process before launch.
Where to Store Maker (MKR)
You can store your Maker in Exodus along with various other cryptocurrencies. Exodus is free and easy to use and can be downloaded to either a desktop or mobile device. Exodus will then be tied to whichever device it has been downloaded to which will also be the device you will use to access and manage your crypto assets.
Trust wallet is a wallet that can hold a wide variety of cryptocurrencies such as Maker making it highly desirable for users who wish to have a varied portfolio. Being owned Binance, it also a very trusted wallet in the crypto community.
Leading hardware wallet providers such as Ledger are integrated with Maker and MKR wallets will come as standard on their devices.
Where to Buy and Sell Maker (MKR)
You can Buy & Sell Maker (MKR) by heading over to the Buy Coins page of our website. Maker (MKR) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying Maker has never been easier, simply place your order and provide your wallet address.
Once your payment arrives Maker will be sent directly to your wallet. If you choose to Sell Maker (MKR) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the ‘Sell Coins’ page.
Maker (MKR) Resources
Website: https://makerdao.com/en/
Block Explorer: https://etherscan.io/
Twitter: https://twitter.com/MakerDAO
GitHub: https://github.com/makerdao
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.