02-29-2020, 10:19 PM
Maker (MKR) is the digital token that is used to facilitate all of the transactions taking place within the Maker digital ecosystem. What makes MKR unique is its limited market supply of around 1 million tokens as well as the fact that it can serve as as a smart contract platform that backs and stabilizes the value of the stablecoin DAI using niche concepts such as:
- Collateralized debt positions (CDPs)
- Autonomous feedback mechanisms
- Incentivized external actors.
- All-time High Value (ATH): $1,687.86
- Market Debut: January 2017
- 2019 High: $784.54
- 2019 Low: $367.01