MKR (Maker)

Updated · 25 November 2021 · 11:18 AM

Project basic information

Issue Time:2015

Total Supply:990 156

Circulation: 990 156

White paper:


Block Explorer:

Project Introduction

Maker (MKR) is a MakerDAO and Maker Protocol management token, which are respectively a decentralized organization and a software platform. Both elements are based on the Ethereum blockchain, which gives users the opportunity to issue and manage DAI stable coins.

The task of the Maker project is to manage DAI, a decentralized cryptocurrency managed by the community, with a stable value, gently pegged to the US dollar. The idea of the project appeared in 2015, and the launch took place in December 2017.

MKR tokens act as a kind of voting action for the organization that manages DAI. Although they do not bring dividends to the holders, they give them the right to vote in relation to the development of the Maker Protocol. It is expected that they will rise in price in the wake of the success of DAI itself.

The Maker ecosystem is one of the earliest projects on the scene of decentralized finance (DeFi). This industry is held around the creation of decentralized financial products on top of blockchains with support for smart contracts, such as Ethereum.

© Cryptology 2024, Cypher Trading, UAB. Eišiškių Sodų 18-oji g. 11, Vilnius, LT-02194 Lithuania
Authorized to provide virtual currency exchange and custody services under the supervision of Lithuanian Financial Crimes Investigation Service (FCIS).