A prediction on the price of the MKR( maker ) token... by checking out what is the true value it provides in the De-Centralized Finance ( DeFi ) space. Also in the process lets learn about a live case study of a fantastic money minting company called 'MakerDAO', .. the body behind the MKR token and one of the most accepted and used stablecoin 'DAI'. ( FYI: DAI means loan in Chinese ). MakerDAO is a US Based company funded with $15 Million dollars by one of the most respected and shiznit technology venture firms in the world - 'Andreessen Horowitz'. They funded by buying MKR tokens for the equal amount of money! This model of running a business is called DAO ( Decentralized Autonomous Organization ) in the world of BLOCKCHAIN.

Maker, or MKR, is a governance, utility, and recapitalization token, created by MakerDAO. Its primary purpose is to underpin MakerDAO’s stablecoin, the DAI token, and enable governance for the DAI Credit System. The holders of MKR become stakeholders- and therefore decision makers- in the broader Maker ecosystem.

Our BlockCard Learn video series is designed to provide a quick and easy to understand overview on some of the most popular concepts, terms and technologies available in today’s ecosystem. Thanks for watching, and please share these videos if you find them helpful.

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#MKR #MakerDao #Stablecoin

Maker is a functional token that allows holders to govern the Maker system. So, ownership of a Maker token gives you a stakeholder position in the broader Maker ecosystem.

we talk about how maker crypto works and what is maker dao. Maker Dao is a revolutionary technology in stable coins.

What is MKR and what is Dainties

By owning a Maker token, you’re able to take part in the maintenance of the entire Maker ecosystem. This includes its stablecoin DAI, which we’ll touch on briefly in a moment.

This ERC-20 token aims to help stabilize cryptocurrencies in order to help drive the adoption and growth of the industry.

⚙️ Technology ⚙️

Maker’s value is tied to that of DAI, which is its decentralised stablecoin pegged to the US dollar. The purpose of the token is to stabilize DAI through the use of Collateralized Debt Positions

When using a CDP, users deposit their assets into a smart contract. The asset is considered collateral for a loan.

Once the assets are deposited, the user has the ability to generate the equivalent value they want to borrow in DAI. When the DAI gets paid, the user can then withdraw their collateral.

MKR has three primary uses on the Maker platform. As a utility token, as a governance token, and as a resource for recapitalization.

The emergency shutdown feature will stop and settle the Maker Protocol to ensure that everyone on the platform, both CDP holders and DAI holders, receive the value of the assets to which they are entitled.

?️ Token ?

There was no ICO for MKR tokens. Instead, the project was meticulous and selective about when and where they offered MRK tokens for sale.

Doing so required more interaction on the part of the buyer than would typically be required during an ICO or crowdsale.

Maker consistently sits in the top 25 of total market capitalization and currently has one million MKR circulating.

?‍?️ Team, Partners & Development ?‍?

Maker has a well-sized team working together to make Maker what it is today. There are plenty of designers, engineers, and developers from around the globe supporting the Maker project.

In the Maker Roadmap, the biggest update to look forward to is the Multi Collateral DAI or MCD.

With the upgrade to Multi-Collateral DAI, the MKR token will take on a more significant role in the broader ecosystem. Instead of using the pooled ether as the recapitalisation resource, MKR will be sold in order to raise the funds to recapitalise the system.

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