MakerDAO (MKR)

Introduction

Maker is a digital token (ERC-20) representing a decentralised credit platform, which supports the use of DAI (Stablecoin, whose value is linked to the USD and is secured by digital assets). The preliminary project was created in 2014 and appeared in 2015, after which it could be fully launched in 2017.

Objective

MakerDAO, which governs the DAI token, aims to unleash the power of the Blockchain for all by creating an inclusive platform for economic empowerment, thereby making access to the global financial market equal for all. Currently the Maker protocol represents one of the largest dApps in the decentralised finance sector.

Foundation

Founders

Rune Christensen :

Entrepreneur from the Sealand region of Denmark, he graduated in biochemistry at the University of Copenhagen and studied international business at the Copenhagen Business School. Prior to MakerDAO, he co-founded and managed the international recruitment company Try China.

Community

The MKR token provides its members an opportunity to vote on the governance of the organisation which governs not only the software platform, but also the stablecoin: DAI. Holders do not, however, receive any dividends on MKR ownership. As of 7 December, 1'000'0079 MKR is in circulation and the debt ceiling is set at 1.58 billion token DAI.

Voting system :

Through a scientific governance system involving executive voting and governance polls, MKR holders govern the protocol and financial risks of the Dai to ensure its stability, transparency and effectiveness. One MKR token enclosed in a voting contract is equivalent to one vote.