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.
Here you can read and comment on all posts made by Strategists about Maker MKR. See all Maker price predictions in real time and make the best use of their crypto knowledge.
🤟 Rebalancing Info 01.11.2023 🤟
Strategy Performance Oktober:+13% 🚀
Winner Oktober: $SOL+105% 🚀🚀
Loser Oktober: $MKR -15% 😒
Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token.
There has been 1 change in the Top25:
1x Out: $MKR
24x Rebalanced
1x New: $APT
Everything is rebalanced back to 4% each.
🤟 www.crypto-index-25.de 🤟
🤟 Rebalancing Info 01.10.2023 🤟
Strategy Performance September: +5% 👍
Winner September: $LINK +36% 🚀
Loser September: $SHIB
Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token.
There has been 1 change in the Top25:
1x Out: $CRO
24x Rebalanced
1x New: $MKR
Everything is rebalanced back to 4% each.
🤟 www.crypto-index-25.de 🤟
In a surprising turn of events, Binance has chosen to exit the Russian market. This decision closely follows reports suggesting an investigation by the U.S. Department of Justice over potential sanctions violations.
On a different note, MakerDAO has been in the spotlight with $MKR token's impressive 15% surge over a week. An uptick in the number of MKR tokens held on centralized exchanges hints at possible price volatility, potentially due to increasing investor interest.
