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MKR

Maker

MKR

Live Maker price in India

₹112,401.24

4.5%

Currency

Maker Market Insights

Market Cap

₹0

Fully Diluted Market Cap

₹0

Volume 24H

₹0

Circulating Supply

0 MKR

Total Supply

0

Returns Calculator

MKR to INR Converter

Quantity

MKR

MKR

Price

₹

INR

1 Maker equals to 112,401.24 INR

As of Invalid Date

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Things to know about Maker

What is Maker (MKR) token?

The Maker(MKR) protocol was one of the earliest decentralized autonomous organizations (DAO) built on the ETH blockchain. They have a collateralized stablecoin, DAI, which is influenced by its governance token, MKR. Maker pioneered the initiative to use DAI to address the volatility of lending and borrowing in crypto. There is a series of smart contracts that automatically adjust certain parameters to prevent the depeg of DAI.

Things to consider before buying Maker (MKR) token

In a case where users sell collateral for less than its value, it leads to an increase in the supply of MKR, which could drive down the price. Novice traders may take time to understand the working of Maker.

According to Coinmarketcap, more than 97% of the max supply is in circulation as of August 2023.

The network congestions on ETH may pose a threat to the systemic operation of MKR.

There is a deal of regulatory uncertainty around stablecoins which may affect DAI.

Reasons to buy Maker (MKR) token

It is a governance token which gives you voting rights and is widely accepted as a form of payment.

They have a very active community and a large TVL of $5.14B (total value locked).

Users holding MKR can amend risk protocols and influence the new offerings on the protocol.

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Know Your Crypto

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ADA

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SOL

Solana

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Tron

TON

Toncoin

Reasons to Choose Mudrex to buy Maker

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Pratik Poddar

Pratik Poddar

Partner, Nexus Venture Partners

Was feeling a bit lost on what to do with the current market conditions but the conversation with Mudrex’s relationship manager was really helpful. Got some genuine, unselfish advice. Highly recommend giving them a call.

Rahul Arkram

Rahul Arkram

Partner, Nexus Venture Partners

Absolutely used to hate updating my crypto portfolio manually. This is a real need that Mudrex is addressing! Big ups👍💯

Frequently asked questions about buying Maker (MKR) in India

Have a question that is not answered? You can contact us at help@mudrex.com

How much should I invest in Maker (MKR)?

Can we buy Maker (MKR) directly in India?

What are the accepted payment methods to purchase Maker (MKR) in Mudrex?

Can I buy Maker (MKR) with UPI?

How to Convert Maker (MKR) to INR?

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