Maker Crypto Price Prediction, Value and Chart (MKR)

Maker (MKR) Frequently Asked Questions

What is Maker?

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). (Description provided by CryptoCompare)

How do I buy Maker?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Maker.

Where can I get Maker wallet?

Maker produces its own wallet software that is available for download on its website, which allows you to store Maker on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Maker?

One Maker (MKR) is currently worth $900.97 on major cryptocurrency exchanges. You can also exchange one Maker for 0.04640064 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Maker in U.S. dollars is $880.82 million.

What hashing algorithm does Maker use?

Maker is a coin that uses the ETH Token algorithm.

What coins are similar to Maker?

The following coins use Maker's ETH Token algorithm and proof-type: Binance USD, BITCOIN ADDITIONAL, Mammoth, Crypto.com Coin, Parkgene, Dai, DREP, DREP [old], THETA, yOUcash, Polygon, FTX Token, Chainlink, KickToken [old] and Magic Internet Money.

What is the Reddit page for Maker?

The official Reddit community (subreddit) for Maker is r/MakerDAO.