Details
Asset Name Maker
Trade Ticker MKR
Logo Icon
Asset Type Token
Subtype ERC20
Total Supply 1,000,000
Proof Type PoS
Algorithm ethash
Website https://makerdao.com/
Explorer https://etherscan.io/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
Sourcecode https://github.com/makerdao
Whitepaper https://makerdao.com/en/whitepaper/#overview-of-the-dai-stablecoin-system
Coingecko https://www.coingecko.com/en/coins/maker
Base ETH
Description

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).

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