Maker coin is a crypto currency created on the ethereum blockchain. Maker balances the value of a coin-purpose bond, known as DAI, through smart contracts. This coin can enter the direct currency trade with Ethereum accounts. Maker is more valuable than most crypto money on the market. The value of the maker coin comes from the fact that DAI deposits are fixed in US dollars. That is 1 US dollar = 1 DAI. It also uses interest rates to stabilize the price. Any user with collateral assets can use them to purchase DAI using smart contracts on the Maker platform. These smart contracts allow investors to build assets by holding assets invested. Then the Maker is used to buy and sell coin. After the DAI is paid back, the users can start again by withdrawing their guarantees. There is a direct relationship between DAI production and smart contracts.
How does it work?
In the first step to do the operation, the user must submit a platform transaction and create a smart contract. A second transaction will then be conducted to finance the smart contract. The smart contract is considered to be backed up once it has been financed. In the second step, the smart contract user executes a transaction that transfers the borrowed amount to get the desired DAI amount. Once the user receives the DAI, it locks it until it is refunded from its security. In the third step, the user has to pay the borrowed and daily accrued interest in order to recover the ownership of the guarantees. Once the borrower is paid in full, the Maker is removed from the supply chain. The operation is restarted whenever the user wants to use each Maker.
Maker is a self-regulating coin. The coin aims to create excessive risk of collapse, creating less bankruptcy risk. If a smart contractor is unsecured enough, the automatic reclosing feature automatically triggers the Maker by entering and sells the platform back. So it forces them to come back to the point of bankruptcy again. This is a precaution for fraud. If a person attempts to commit fraud or any other bad behavior, it will disrupt the coins and harm them. For system security, a process called global solution has been added. When the global solution is triggered, the entire system is returned as collateral to the DAI owners in the donor and smart contracts.
Here is the list of exchange that list MKR
According to CoinMarketCap
Current Price: $792,83 - 0,10526500 BTC
Market Cap: $490.149.523 USD
Circulating Supply: 618.228 MKR
Total Supply: 1.000.000 MKR
