What is Maker ? | All about Maker in Short | Crypto Currency Maker

What is Maker?

Maker (MKR) is the governance token of the MakerDAO and Maker Protocol a decentralized organization and a software platform, both based on the Ethereum blockchain that allows users to issue and manage the DAI stablecoin.

When was Maker invented ?

Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.

Importance of Maker?

MKR’s unique proposition lies in the fact that it allows its holders to directly participate in the process of governing DAI. As of October 2020, DAI is one of the most popular stablecoins (cryptocurrencies whose prices are pegged to the USD or another traditional currency).

Future of Maker?

Maker (MKR) is a good investment according to cryptonewz.com .  A high rise of above $16500 is predicted by cryptoandfire.com MKR in 2025. Coinpedia is more bullish than others. The outlet predicts that by the end of 2021, MKR could be trading between $6,500 and $7,354.

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