What is the current price of Maker (MKR)?

The current price of Maker (MKR) is 2157.2341000239167 AUD, representing a +3.07 from the day prior.

Can I buy Maker (MKR) on Coinstash?

Yes - you can easily buy and sell Maker (MKR) on Coinstash. Simply login or sign up, to start buying Maker (MKR) in minutes.

Where is the best place to buy Maker (MKR) in Australia?

The best place to buy Maker (MKR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Maker (MKR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

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

The trading volume of Maker (MKR) is 135.0M AUD in the last 24hrs, representing a +3.07 from the day prior.

How can I buy Maker (MKR)?

Maker (MKR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Maker (MKR)?

The current market cap of Maker (MKR) is 1.8B AUD.

Can I convert Maker (MKR) to cash?

Yes - With Coinstash you can convert your Maker (MKR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Maker (MKR) are there?

The current circulating supply of Maker (MKR) is 844.5K.

Is Coinstash a safe place to buy Maker (MKR) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Maker (MKR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Maker (MKR)

What is Maker?

Maker (MKR) is a smart contract platform built on the Ethereum blockchain, designed to address the volatility of the crypto market. It serves as the foundation for a blockchain-based financial system that enables quicker international payments and peer-to-peer transactions. MKR is also a governance token for MakerDAO, influencing decisions about the Dai stablecoin and the overall protocol.

How does Maker work?

Maker operates using smart contracts on the Ethereum blockchain, specifically through Maker Vaults. These contracts allow users to deposit collateral, such as ETH or other accepted cryptocurrencies, to generate the Dai stablecoin. MKR holders participate in governance by voting on protocol decisions, such as setting interest rates and managing risks. The system relies on Ethereum's Proof of Stake (PoS) consensus mechanism, and it uses trusted oracles to ensure the accurate valuation of collateral.

What are the potential use cases for Maker?

Maker is primarily used within the decentralised finance (DeFi) ecosystem, where it governs the Dai stablecoin. Dai can be used for lending, borrowing, cross-border transactions, e-commerce, and in gaming or prediction markets. Additionally, Maker's platform can be beneficial for charities wanting transparency and in the integration with financial services or e-commerce platforms as a stable currency alternative.

What is the history of Maker?

MakerDAO was founded in 2014 by Rune Christensen. The project launched its Dai stablecoin on Ethereum in 2017. In 2018, the Maker Foundation was established with a $15 million investment from Andreessen Horowitz. In 2020, Maker reached over 1 billion Dai in circulation and implemented several protocol and governance upgrades. As a key player in the DeFi ecosystem, Maker continues to evolve and scale, without experiencing any major forks, as it solidifies its market presence and institutional adoption.