The estimated reading time for this post is 27 seconds

Maker (MKR) is a utility token, governance token, and a recapitalization resource for the Maker platform, which operates as a Decentralized Autonomous Organization (DAO). Using Ethereum (ETH) as collateral, the MKR platform has been predominantly used to create Dai, a stablecoin with a soft peg to the U.S. Dollar. The MKR market cap currently stands at US$756 million. Dai currently has a free float supply of US$80.28 million. On-chain metrics suggest increasing use of the stable coin despite a decreasing circulating supply. Read the details on Brave New Coin

Karen Holleran

Karen Holleran

Karen Holleran Editor @aikarensf Karen is a proud third generation San Franciscan, and has worked in various positions including developer relations, winemaking, freelance writing, and as a teaching assistant for autistic children. She is passionate about disruptive tech, artificial intelligence, cryptocurrencies, and blockchain technology. She is excited at how these technologies can improve the quality of life for people globally. When Karen isn’t busy discovering new things, you can find her enjoying the diversity of the Bay Area, keeping up to date on the latest tech news, or relaxing at home with her beloved rescued cat.

View all posts

Stay Updated FinTech Silicon Valley

Follow Us

Read previous post:
OmiseGO (OMG): Comprehensive Price Analysis and Recent Developments

OmiseGO (OMG), is an Ethereum based decentralized banking and exchange solution that utilizes Plasma technology. It gained market notoriety as...

Close