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Maker

MKR

Maker

MKR

Watchlist

₹1,86,866.40

LIVE

24H Low ₹1,81,509.20

24H High ₹1,94,130.40

Price of MKR today

The current live price of MKR today is ₹1,86,866.40, with a 24-hour trading volume of ₹18,44,51,70,802.99. Our MKR to INR price is updated in real-time. MKR has seen a increment of 3.47% in the last 24 hours. With a live market cap of ₹1,67,22,35,64,110.92 , the circulating supply is at 888,384 MKR coins, with a maximum supply of 1,005,577MKR coins.

Maker Price History

Date ComparisonAmount Change% Change
Today₹5,357.20

2.95%

7 Days-₹6,628.40

3.42%

30 Days₹48,487.20

34.99%

1 Year₹67,918.40

57.01%

Maker Price Information

Price Change (1hr)

3.25%

Price Change (24hr)

2.95%

Price Change (7d)

3.42%

Maker Market Stats

Market Cap

₹1,67,22,35,64,110.92

Fully Diluted Market Cap

₹1,89,28,31,21,325.60

24hr Volume

₹18,44,51,70,802.99

17.95%

Circulating Supply

888384.39 MKR

Total Supply

1005577 MKR

Things to know about Maker

What is Maker (MKR)?

  • Governance token for MakerDAO and Maker Protocol on Ethereum blockchain.

  • It provides voting rights on the development of the Maker Protocol.

  • The value is tied to the success of DAI stablecoin.

Tokenomics

  • Maker is created or destroyed based on DAI price fluctuations.

  • The total supply of the coin fluctuates; as it is burned with system fees or minted during liquidations.

  • Initial distribution: 69.50% to founders/projects, 15.00% to the team, rest to seed rounds.

Market Data

As of today #{today’s date}, the price of Maker is ₹1,86,866.40 INR or 2058 USD, with a 24-hour trading volume of 203140647.61 USD. The market capitalization for Maker is 1841669208.27USD. The circulating supply is 888384.39 Maker, with the total supply also being 917427.07 Maker.

Pros and Cons

Pros:

  • MKR holders have governance rights, influencing the Maker Protocol’s decisions.

  • The token has a deflationary mechanism, as it is burned when fees are paid.

  • It supports the stability of the DAI stablecoin.

Cons:

  • MKR’s value can be volatile and is not a stablecoin.

  • The complexity of the Maker Protocol may be a barrier for new users.

  • The concentration of MKR tokens could lead to governance issues.

Why Should You Invest in the Coin?

  • Suitable for those believing in decentralised finance (DeFi) future.

  • Voting rights in governance of a leading DeFi platform.

  • Potential appreciation linked to DAI's success.

USP of the Coin

  • Governs Maker Protocol, a key player in DeFi.

  • Unique dual-token structure with DAI for market stability.

Problem the Coin is Solving

  • Aims to stabilise DAI value against USD to counteract market volatility.

Founder and Team Background

  • Founded by Rune Christensen, a DeFi pioneer.

  • Team focused on transparency, decentralisation, with global contributors.

ICO Price

  • No ICO; introduced through private sales.

Risks Associated in Investing in the Coin

  • Market volatility, regulatory changes, technical vulnerabilities.

  • Dependence on Ethereum blockchain impacts fees, transaction speeds.

Whitepaper Insights

The Maker whitepaper outlines the structure and function of the MakerDAO and the Maker Protocol, which aim to create a decentralised stablecoin, DAI, pegged to the US dollar. The system uses a dual-token model, with MKR as the governance token and DAI as the stablecoin. The Maker Protocol operates on the Ethereum blockchain and utilises smart contracts to manage Collateralized Debt Positions (CDPs). Users can lock in collateral through ETH or other approved assets to generate DAI. The value of the collateral is always higher than the DAI generated, ensuring over-collateralization.

MKR token is used for governance, allowing holders to vote on changes to the protocol, including risk parameters and system upgrades. The governance mechanism is designed to be community-driven, with MKR holders incentivized to make decisions that maintain the system’s stability and success. The whitepaper discusses the Maker Protocol’s risk management system, which includes a set of parameters for each collateral type. These parameters determine factors such as the Debt Ceiling, Stability Fee, and Liquidation Ratio. The Stability Fee is paid in MKR, which is then burned, reducing the total supply and creating a deflationary pressure on the token.

The MakerDAO also includes mechanisms for system recapitalization in the event of under collateralization. This involves creating and auctioning new MKR tokens to cover the deficit, which aligns the incentives of MKR holders with the health of the system. The whitepaper emphasises the importance of decentralised governance and the role of MKR holders in ensuring the protocol’s adaptability and resilience. It also addresses the potential for scaling the system to support a broader range of collateral assets and integration with other blockchain platforms. The MakerDAO’s goal is to create a more inclusive financial system by providing a stable currency and access to credit without the need for traditional banking infrastructure. The whitepaper presents a vision for a future where anyone, regardless of location or status, can participate in the global economy with greater freedom and equality.

In summary, the Maker whitepaper provides:

  • A comprehensive overview of the MakerDAO’s objectives.

  • The functionality of the Maker Protocol.

  • The dual-token model.

  • Governance processes.

  • Risk management.

  • The broader implications for the future of finance.

It lays out a detailed blueprint for a decentralised stablecoin system that aims to mitigate the volatility of cryptocurrencies and promote financial inclusion.

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Price as per 11:36 AM • 13 Dec 2024

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What is the price of Maker (MKR)?

The current price of Maker (MKR) in INR is ₹1,86,866.40 INR.

What is the current MKR market cap?

The current market capitalization of Maker (MKR) is ₹1,67,22,35,64,110.92 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of MKR by the number of coins in circulation.

What is the current supply of Maker (MKR)?

The current supply of Maker (MKR) is 888384.39 MKR. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Maker (MKR)?

The 24-hour trading volume of Maker (MKR) in INR is ₹18,44,51,70,802.99. This figure represents the total value of all MKR transactions across various exchanges within the last 24 hours.

How to Buy Maker (MKR) in India?

To buy Maker (MKR) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in MKR.

Can I buy Maker (MKR) with UPI?

Yes, you can buy Maker (MKR) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Maker (MKR) to Indian Rupee (INR)?

To convert Maker (MKR) to Indian Rupee (INR), you can use our MKR/INR conversion rates in real time.

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