Maker is a smart contract platform built on the Ethereum blockchain. It is built with the purpose of solving volatility issues for the broad crypto market and the basis for the blockchain-based banking system, a new-generation system which allows peer-to-peer transactions as well as faster and simpler international transactions.
The Maker coin, MKR, has three roles on the platform. It is used for governance, where holders can vote on risk management and business logic of the Maker cryptosystem, utility token, and a recapitalization resource. It is also used to pay fees when generating DAI, Maker’s stablecoin pegged to the U. S. dollar. Each time fees are paid, the platform automatically burns MKR, removing it. Thus, the supply of MKR is directly connected to the demand for DAI.
How To Buy Maker or Add it to your Strategy
The fastest, most convenient way to purchase Maker is to purchase it on ICONOMI. We check Maker live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Maker by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Maker is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Maker, we recommend you read the next section, as copying might be a better approach.
Add Maker to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Maker in their structure.