【Notice of New Listing】
Dear all users of CROSS Exchange,
This is a new coin listing notice.
Coin name: Maker
Listing place: Main board
5/10 (FRI) 4:00 (UTC) Deposits start
5/11 (SAT) 4:00 (UTC) Trading begins
Trading Pairs: MKR/BTC
＜What is Maker?＞
Maker (MKR) is a currency that attempts to prove the credibility and value of "Dai": a Peg Currency linked to the legal currency, USD. Instead of depositing a collateral asset with Maker and issuing Dai, they have introduced a peg system where the collateral deposited with Maker can not be accessed.
Maker is a decentralized autonomous organization on the Ethereum blockchain with the objective of minimizing the price volatility of its own stablecoin Dai, against the U.S. Dollar. In contrast to DAI the price of Maker itself is volatile. Maker is a utility token and the price increases with the usage of the Dai.
Maker holders can vote for the risk management and business logic of the Maker system. MKR coins cannot be mined, but they can be purchased on several exchanges. Maker operates on the principle of margin trading. Dai tokens are secured by CDP-collateral for debt obligations, which are sent to a smart contract and are a platform for margin trading. This framework allows developers to provide affordable prices, as well as guarantee a high level of security.
Market Cap: $531,689,980 USD
24 Hour Volume: $4,409,756 USD
Circulating Supply: 1,000,000 MKR
Total Supply: 1,000,000 MKR
(Current data as of 5/8/2019)
Official Website: https://makerdao.com/en/
Block Explorer: https://etherscan.io/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
White Paper: https://makerdao.com/whitepaper/Dai-Whitepaper-Dec17-en.pdf
Thank you for your support.
CROSS exchange Team