Maker (MKR) Facts
1 min readApr 27, 2021
- Maker (MKR) is the token of decentralised finance platform MakerDAO, launched by Rune Christensen on 2 December 2017
- Maker (MKR) runs on the Ethereum blockchain and is an ERC-20 standard token
- MakerDAO also has a stable cryptocurrency called DAI that is pegged to the US dollar
- MKR is used to produce DAI and to the DAI price from fluctuating.
- Additionly, Maker users have voting rights, influencing updates and other changes on the platform
- The entire supply of Maker will be released incrementally by MakerDAO and is not put into circulation through mining or other production methods
- To date, MKR’s lowest price was ₺170.97 (30 January 2017). Its highest price was ₺24,692.31 (20 February 2021)
- As of 5 April 2021, the amount of MKR in circulation is 995.239. There will eventually be 1.005.577 MKR in circulation
- You can access the MakerDAO website at https://makerdao.com/en
- You can access the Maker (MKR) whitepaper at https://makerdao.com/en/whitepaper/
