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View ChartThe Maker Protocol is one of the largest decentralized applications (dApps) on the Ethereum blockchain. It was designed by a disparate group of developers and is governed by the MakerDAO.
MakerDAO is a decentralized autonomous organization (DAO) comprising MKR holders from around the world. MKR holders can stake their tokens to vote on changes to the Maker Protocol, thereby ensuring the efficiency, transparency and stability of Dai.
Despite its vast differences, holding MKR is somewhat similar to owning stock in a traditional company in that shareholders have a say in how the company functions. The Maker ecosystem was one of the first DeFi projects to achieve significant.
The Maker Protocol generates new Dai through smart contracts known as Maker Vaults. These contracts can be created through various web UIs and apps that essentially act as portals to access the network through (such as Oasis Borrow or Instadapp). When a user wants to retrieve their collateralized crypto from the smart contract, they must first pay back the Dai they generated along with a stability fee.
The MKR token can also be used to govern the Maker Protocol. Proposals to be voted on take the form of a smart contract and can be deployed by any Ethereum address. The MKR holders community can then vote on which proposal they would like to pass, and the Ethereum address that receives more approval votes in the form of MKR is granted administrative access to make the proposed change to the Maker Protocol.
The main use of Maker tokens is to vote on the management of the protocol and Dai. Each MKR token equals one vote when locked in a voting contract. Users commit their Maker tokens to a proposal, and the outcome is decided by the number of MKR tokens received (rather than the number of MKR holders).
Maker tokens also have value as a recapitalization resource because the supply of MKR can increase if system debt exceeds the surplus. This incentivises Maker token holders to govern the Maker ecosystem responsibly and avoid excessive risk-taking.
However, Maker price is fairly volatile, so MKR isn’t generally used as a means of exchange. Nevertheless, some people may choose to invest in it speculatively.
The easiest way to buy MKR is through a crypto exchange like BTCC. BTCC makes purchasing MKR easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first MKR purchase, register with BTCC today.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
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Thank you for your interest in BTCC. Currently, spot and futures trading services for MKR are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Maker (MKR) is C$1,769.04. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated MKR to USD rate at the top of BTCC’s price page. In terms of market scope, Maker records a 24h trading volume of C$545.75K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$1.51B. Its current circulating supply stands at -- out of a maximum supply cap of 1M.
The price volatility of Maker (MKR) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (1M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Maker (MKR) hit an all-time high (ATH) of C$8,788.42 on 2021-05-03 21:50, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$29.2 on 2017-01-30 06:25. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading MKR futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$545.75K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s MKRUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Maker, simply log into your BTCC account with USDT margin available, navigate to the MKRUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for MKRUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$1,769.04), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for MKRUSDT with zero financial risk.
Trading Maker (MKR) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for MKRUSDT, and review its live price (C$1,769.04) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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