Rank 1032
Avg. Price
587.084 EUR
24hr Change
0.37%
Mkt. Cap
€ 587.08 M
Vol. 24H
MKR 6.198 (€ 3,646.175)
Low/High 24h
€ 579.417 / € 591.465
Total Coins
€ 1000 K
Last Trade
MKR 0 ( € 0) / Bibox
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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).