Lär dig på ett vänligt sätt
friendly way

MKR, the governance token fueling the network, comes from the same platform that created DAI, the algorithmic stablecoin soft-pegged to the US dollar. MKR serves both the decentralized autonomous organization, MakerDAO, and the software platform, Maker Protocol, both built on the Ethereum blockchain. These two platforms generate DAI and allow users to issue and manage the DAI stablecoin. 

What is Maker (MKR)?

Developed in 2015 and officially launched in December 2017, Maker is a revolutionary project that was built to host and generate DAI, a community-managed cryptocurrency that has its value soft pegged to the US dollar. The MakerDAO forms part of the larger Maker Protocol which allows DAI to maintain its value and operate without the need for a third party. The Maker Protocol requires both tokens to operate: DAI and MKR. 

To understand MKR, one must first be familiar with the DAI stablecoin. DAI serves as a loan option for borrowers, with the platform allowing users to take out a loan in DAI tokens by locking another cryptocurrency, such as ETH. When the borrower pays back the DAI that was borrowed, they are able to reclaim the collateral used for their loan. However, if its value drops below a predefined level it could automatically be sold off.

The Maker ecosystem is one of the first DeFi projects to enter the market, years before the movement took off. The DeFi sector revolves around providing decentralized financial products powered by smart contracts to the masses. 

Though the DAI stablecoin is best known as a service offered by the Maker Protocol, the MKR token is actually the crypto asset that secures changes to maintain its functioning. The governance token MKR gives holders voting rights over the Maker Protocol's development, such as what cryptocurrencies can be accepted as collateral and the price at which these assets will be sold if liquidation is to occur. The MKR price appreciates in value based on the success of DAI. 

The Maker protocol accepts a range of cryptocurrencies, including ETH, MANA, and BAT, as collateral.

Who created the Maker platform?

Established in 2015, the Maker Protocol was developed by a team of tech-savvy developers spearheaded by Rune Christensen. As time progressed, this collective eventually organized and formed into an official entity known as the Maker Foundation, a corporation located in the Cayman Islands.

In 2017, the Maker team raised a remarkable $12 million in funding by selling MKR tokens to some of the most influential venture capital firms at the time including Andreessen Horowitz, Polychain Capital, and 1Confirmation. A year later, another $15 million worth of MKR tokens were bought by Andreessen Horowitz, who expressed the intention to help govern the DAI system by participating in the MakerDAO. 

In 2019, the project raised another $27.5 million from venture firms Paradigm and Dragonfly Capital Partners for expansion to Asia. 

How does the Maker Protocol work?

When the Maker Protocol launched, 1 million MKR tokens were created. These tokens gave holders voting rights on key decisions through a process called Executive Voting.

First, the sentiment of MKR holders is measured on a new proposal through Proposal Polling before committing any changes to the software. The Executive Vote then takes place, and once the highest amount of MKR token holders commits to a proposal and the vote is passed, the winning proposal is implemented into the Maker Protocol. The number of tokens holds more president than the number of token holders, i.e. 10 holders with 1,000 tokens each will outvote 100 token holders with 50 tokens each. 

Non-MKR holders also have the opportunity to participate in the vote via threads in the MakerDAO forum however the MKR holders have the final say.

DAI Savings Rate

MKR holders also have a say in how much DAI holders can earn if they save DAI tokens on the platform, known as the DAI Savings Rate. In previous years this amount has varied between 0% and 8.75%. Following the recent market crash, MKR holders voted to make the DAI Savings Rate zero to encourage holders to sell their DAI and bring the price back into equilibrium.

When the DAI price drops below $1, MKR holders can vote to raise the DAI Savings Rate to encourage more users to hold DAI which increases the price.

What is MKR?

MKR is an ERC-20 token and acts as a governance and utility token to the Maker Protocol with no fixed supply. The token gains value as the use of the Maker Protocol increases as the supply is reduced when the Protocol is working effectively and increased when governed poorly. MKR tokens are created or destroyed through surplus auctions and debt auctions.

Surplus Auctions

The Maker system holds a Surplus Auction when the fees collected exceed an amount decided by MKR holders. DAI that surpasses this threshold must be purchased with MKR in order to settle the auction. This MKR is then destroyed reducing the total supply and thus increasing the token price.

Debt Auctions

Conversely, if the Maker system is underperforming its locked coins are sold for a lower value than before, causing it to raise capital via a Debt Auction. Through this process, new MKR tokens are created and auctioned for DAI. This in turn increases the MKR tokens and reduces the price. 

In this light, MKR holders are incentivized to keep the platform performing optimally in order for it to generate more fees and thereby reduce the MKR supply.

How can I buy Maker (MKR) tokens?

Anyone looking to add Maker MKR tokens to their crypto portfolio can securely purchase Maker tokens through the Tap app. The mobile app allows anyone with an account to conveniently and safely purchase cryptocurrencies through an effortless trading experience. 

Users can buy /sell Maker MKR tokens using both crypto or fiat currencies, and safely store the tokens in the unique crypto wallet integrated into the app. Download the Tap app today to tap into the Maker ecosystem today.

We are delighted to announce the listing and support of Maker (MKR) on Tap!

MKR is now available for trading on the Tap mobile app. You can now Buy, Sell, Trade or hold MKR for any of the other asset supported on the platform without any pair boundaries. Tap is pair agnostic, meaning you can trade any asset for any other asset without having to worries if a "trading pair" is available.

We believe supporting MKR will provide value to our users. We are looking forward to continue supporting new crypto projects with the aim of providing access to financial power and freedom for all.

MKR, the governance token fueling the network, comes from the same platform that created DAI, the algorithmic stablecoin soft-pegged to the US dollar. MKR serves both the decentralized autonomous organization, MakerDAO, and the software platform, Maker Protocol, both built on the Ethereum blockchain. These two platforms generate DAI and allow users to issue and manage the DAI stablecoin.

MKR is an ERC-20 token and acts as a governance and utility token to the Maker Protocol with no fixed supply. The token gains value as the use of the Maker Protocol increases as the supply is reduced when the Protocol is working effectively and increased when governed poorly. MKR tokens are created or destroyed through surplus auctions and debt auctions.

Get to know more about Maker (MKR) in our dedicated article here.

Since launching in 2017 Tron has taken the world by storm with its blockchain technology-based operating system. Users around the world have flocked to the Tron blockchain network released by the Tron Foundation to create dapps (decentralized apps) and smart contracts, attracting plenty of investors at the same time. 

In a pool of a large number of digital assets, below we explore what Tron is and what it brings to the crypto industry.

What is Tron (TRX)?

The Tron blockchain is a platform on which developers can create dapps, smart contracts and tokens through its delegated Proof-of-Stake (DPoS) model. Initially built on the Ethereum blockchain with an ERC-20 token, in 2018 the Tron protocol moved onto its own blockchain and created the Tron TRX tokens. 

That same year the Tron foundation acquired Bit Torrent, the biggest file-sharing site on the internet. In 2019, the platform launched the Bittorrent token, essentially releasing a second token under the same umbrella company. 

The aim behind the platform was to provide developers with a space in which they can create blockchain-based products, as well as better reward content creators for their efforts. The Tron network allows viewers to directly reward the creators using the TRX token, cutting out the middle-media-man and subsequent losses. 

With a higher TPS (transaction per second) processing capability, Tron establishes itself above its peers. According to the platform, Tron can handle up to 2,000 TPS, a high increase from the likes of Bitcoin’s 6 TPS and Ethereum’s 25 TPS.

Who created the Tron network?

The Tron power concept was created and launched by Tron founder Justin Sun (Sun Yuchen), a two-time recipient of the “30 Under 30” Forbes’ accolade. Before Tron, Sun launched an audio content platform Peiwo and worked as a representative for Ripple where he earned the attention of big investors.

Justin Sun is currently acting as the CEO of the Tron Foundation.

How does the Tron protocol works?

The Tron platform uses a DPoS model and consists of three layers: the core layer, the application layer and the storage layer. 

The Core Layer is responsible for computing instructions written in either Java or Solidity (the programming language Ethereum uses) and sending them to the Tron Virtual Machine which in turn executes the function.

The Application Layer is used by developers and allows them to create apps and wallets compatible with the relevant software and powered by TRX. 

The Storage Layer is designed to divide the state data (the data that maintains the status of smart contracts) and the blockchain data (the data that holds the transactional history).  

Through the DPoS system, 27 “super representatives” on the network take turns to validate the transactions and maintain the blockchain data. These representatives are chosen every 6 hours and when chosen earn TRX for their contributions to the network. 

Users can vote for super representatives and engage in staking by locking their TRX in an account and receiving Tron Power in return. Tron Power can then be used to vote for the super representatives, and when returned to TRX, lose the ability to vote. 

Block creation time on the Tron network is three seconds, with the current block reward set at 32 TRX. 

There are also three different nodes that users are able to operate: witness nodes, full nodes and Solidity nodes. Witness nodes can vote on protocol decisions and propose blocks, full nodes are responsible for broadcasting transactions and blocks to the network while Soliditiy nodes sync the blocks from the full nodes and provide APIs. 

What is TRX?

TRX is the native token to the Tron network. Initially created as an ERC-20 token, when the coin was launched on the Tron network holders of the ERC-20 version were able to swap them out and receive the new version. All ERC-20 tokens were then burnt. 

TRX is needed for using applications on the Tron network, staking, and participating in Tron’s consensus system

How can i buy Tron?

If you’d like to get your hands on TRX you will soon be able do so conveniently through your Tap app. In a recent onboarding of cryptocurrencies, Tap will soon be including TRX in its portfolio, allowing users to easily invest and hold the token through several convenient payment options. 

FAQs

What is the Tron foundation?

The Tron Foundation is a non-profit organization based in Singapore that is responsible for developing and providing software solutions to the Tron ecosystem.

What is Tron power?

Tron Power is an energy/bandwidth rental and investment platform for the Tron community.

What is the TRX supply?

There is no cap on the TRX token supply, at the time of writing the circulating supply of TRX tokens is 92.5 billion.

Made up of the Overledger blockchain operating system and QNT token, the goal of the Quant Network is to allow multiple blockchains to work together and to give more flexibility when it comes to linking different global networks, services, and chains. With an impressive founder and resilience to the bear market, QNT has made a considerable impression in the industry.

What Is The Quant Network?

The Quant Network was designed to connect blockchains and networks on a global scale, prioritising interoperability and trust functions between them using the Overledger operating system, the first OS built for blockchains.

The Overledger network acts as the backbone of the project and is not a blockchain but rather an Application Programming Interface (API) gateway that allows developers to build decentralised multi-chain applications (known as Mapps) and bridges the gap between various blockchain networks.

The Quant project believes that this technology will be the foundation on which the future digital economy will be built. In light of this, the network has been working with central banks in the US and UK to build Central Bank Digital Currencies (CDBCs).

Founded in 2015 the platform officially launched in 2018 following a successful ICO earlier that year. July 2020 marks the launch of the world’s first blockchain operating system in July 2020, Version 1.0.

Who Created The Quant Network?

Quant was founded by Gilbert Verdian, a cybersecurity expert who has held government-level positions around the world. These positions include the UK Treasury, the Australian Department of Health, and the US Federal Reserve, and private sector roles at HSBC Bank, Mastercard’s Vocalink, BP, and more. 

With over two decades of experience in the cybersecurity space, Verdian learned the power that blockchain technology holds when it comes to solving a plethora of security problems related to the exchange of digital assets and information on a global level. 

Verdian sits as the chair of the UK Blockchain and Distributed Ledger Technology committee and is a member of the EU’s Blockchain Observatory and the Federal Reserve. 

In 2017, Colin Paterson and Paolo Tasca joined the project as co-founders, each bringing their own impressive experience. Paterson, acting Chief Technology Officer, is a cybersecurity expert having worked with Deutsche Bank and Vocalink and acted as the chief information officer of NSW Ambulance, the CISO of eHealth NSW, and the security lead of the Ministry of Justice, UK, prior to joining the project. 

Tasca, Chief Strategist, serves as the Executive Director of the University College London (UCL) Centre for Blockchain Technologies, Executive Board Member of the DEC Institute, and as Co-Chair of the Hedera Treasury Management and Token Economics Committee.

How Does The Quant Network Work?

The Quant network is centred around the Overledger feature. With Overledger, businesses can connect their preexisting technology infrastructures with a number of blockchain ledgers using an easy-to-use API.

APIs are software that creates or processes requests between two programs, acting as an intermediary. Many online applications rely on APIs, including finance trading software and social media sites.

The Overledger operating system lets developers launch Mapps, which are decentralised applications that work with numerous existing blockchains. Overledger operates in a similar manner to Windows, Android, or Macintosh OS in that it allows applications to run on it. The technology sits between underlying blockchain infrastructure and allows the Mapps to communicate seamlessly with multiple blockchains.

In order to access Overledger and build Mapps on the network, developers are required to hold QNT tokens and use these tokens to pay transaction fees, as well as a fiat-based annual licence. The platform also allows developers to create their own tokens using its QRC-20 token standards (similar to Ethereum ERC-20 tokens) as well as create QRC-20 smart contracts. These functionalities were created in a drag-and-drop style so that anyone with no prior experience can create them.

As an example, a developer within the ecosystem could create a smart contract that incorporates both the Bitcoin and Ethereum networks. The interconnected smart contract could stipulate that Jane will pay Sandy 1 BTC only once Paul has paid Jane 1 ETH.

What Is QNT?

QNT is an ERC-20 token that is used to access the Overledger network and validate transactions on the network. There is a maximum supply of 14.6 million QNT tokens, of which over 80% are in circulation (at the time of writing).

All product users, developers, and gateway operators are required to purchase annual licences, used to maintain platform efficiency. These licence fees are converted to QNT and locked up in the Quant treasury. If a user does not renew their licence, they forfeit their fees, discouraging them from dumping tokens on the market if the price increases.

Transaction fees for using Overledger are paid for in QNT to gateway operators. Since its launch in August 2018, QNT has seen consistent price growth and activity on the network.

Where Can I Get QNT?

You can simply buy / sell QNT through the Tap app, one of the most secure solutions in the crypto space as being a fully regulated crypto fintech. Using a range of cryptocurrencies and fiat currencies on offer, users can exchange any of the supported currencies to build a healthy portfolio that can be safely stored in its unique wallet linked to your account. Find links to download the app from the Tap website.

UNI is the native token to the Ethereum-based automated crypto exchange, Uniswap. A prominent contender in the DeFi space, Uniswap has become synonymous with decentralised exchanges and the automated trading of decentralised finance (DeFi) tokens.

Covering everything from its growth to rewards to its supply, learn about the leading cryptocurrency linked to the automated market maker. 

What Is Uniswap (UNI)?

As mentioned above, Uniswap is a decentralised exchange that facilitates the automated trading of DeFi assets. Decentralised in nature, all trading is facilitated by crypto smart contracts as opposed to employees at a company managing operations, a level up from the decentralised ideology of Bitcoin.

Uniswap was created to provide liquidity to the DeFi industry and allows anyone to create a liquidity pool for any pair of digital assets. After launching in late 2018, the platform experienced an unexpected boom when the DeFi movement exploded. Despite being a technical process, customers and traders around the world joined in on the action.

Following the DeFi phenomenon of increased liquidity mining and yield farming platforms, the automated market maker (AMM) saw a significant increase in the tokens invested in and traded on the platform. 

Competing with centralised exchanges, Uniswap provides a trading platform to anyone, without the need for any identity verification or credentials. With no KYC verification, users can swap a wide range of tokens depending on the liquidity pools available.

Who created Uniswap?

Created by Hayden Adams, an Ethereum developer, Uniswap was designed to introduce AMMs to the Ethereum network. Adams worked closely with Ethereum founder, Vitalik Buterin, as he built and implemented the protocol. 

Adams states that he was inspired to create the platform following a post by Buterin himself. In a short amount of time, this protocol became one of the biggest disruptors to the financial market.

How does Uniswap work?

A unique element of the platform is the advent of the Constant Product Market Maker Model. This pricing mechanism works in a way that instead of determining the price of a token by connecting a buyer with a seller, the price is determined by a constant equation (x multiplied by y = k).  

In order to add a token to Uniswap, users would need to fund it with the equivalent value of ETH and the ERC-20 token in question. Say, for instance, that you wanted to add a token to Uniswap called FIRE. You would need to launch a new Uniswap smart contract for the token FIRE and also create a liquidity pool that holds the same amount of FIRE and ETH. 

In this case, x in the equation would equal the number of ETH while y equals the number of FIRE in the liquidity pool. K represents the constant value, using the balance of supply and demand to determine the value. As someone buys FIRE using ETH, the FIRE supply decreases and the ETH supply increases, thus driving up the price of FIRE. 

The platform allows any ERC-20 token to be traded, with an easy means of creating the smart contract and liquidity pool necessary. In May 2020, Uniswap V2 was launched which allowed for direct ERC20 to ERC20 exchanges as well as support for several incompatible ERC20 tokens like OmiseGo (OMG) and Tether (USDT). 

In order to trade on Uniswap a user will need to have a wallet that complies with the platform, like MetaMask, Fortmatic, WalletConnect, or Portis Wallet.

How does the Uniswap token work?

Launched in September 2020, 400 governance tokens (UNI) were airdropped to each wallet that had made use of the platform before 1 September that year. 66 million of the 150 million UNI tokens distributed were claimed in the first 24 hours. 

According to the platform, Uniswap tokens were created to "officially enshrin[e] Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities."

Providing both profitability potential and governance rights, holders of the digital asset have the right to vote in how the platform develops, unifying the protocol's authority and cutting out the middleman. This grants holders immediate ownership of a number of Uniswap initiatives including the UNI community treasury, eth ENS, the protocol fee switch, SOCKS liquidity tokens and the Uniswap Default List (tokens.uniswap.eth).

The launch of UNI was seen as a direct retaliation to SushiSwap, another decentralised exchange that cloned the platform and added its own token (SUSHI). 

The digital asset is an Ethereum-based ERC-20 token and operates on the Ethereum blockchain.

What is Uniswap Version 3?

More commonly referred to as Uniswap V3, the latest version of the automated market maker was launched on 5 May 2021. This upgrade incorporated better capital efficiency for liquidity providers, improved infrastructure and enhanced execution for traders. Prior to the launch of Uniswap V3, the price of the native token reached its all-time high.

Where can I buy Uniswap (UNI)?

Users looking to incorporate Uniswap (UNI) into their crypto portfolios can do so securely and conveniently through the Tap app. Simply download the app, sign up for an account and complete the quick verification process. Once approved, users can easily load funds (both crypto and traditional fiat currencies) and buy UNI tokens. These tokens will then be stored in the user's secure UNI wallet, and can be used for a number of functions or simply held there.

We are delighted to announce the listing and support of Polygon ( MATIC ) on Tap!

MATIC is now available for trading on the Tap mobile app. Buy, Sell, Trade or hold MATIC for any of the other asset supported on the platform without any pair boundaries. Tap is pair agnostic, meaning you can trade any asset for any other asset without having to worries if a "trading pair" is available.

We believe supporting MATIC will provide value to our users. We are looking forward to continue supporting new crypto projects with the aim of providing access to financial power and freedom for all.
The MATIC token is highly liquid with a market cap of $8,031,194,777 at the time of writing.
‍
MATIC is an ERC-20 token native to the Polygon Network used for a variety of purposes, such as paying transaction fees, staking, and governance. Polygon (formerly Matic Network) is a Layer-2 solution that operates on the Ethereum network. By using sidechains, Polygon offers developers secure and instantaneous transactions that can easily scale. Those who create decentralized applications (DApps) will find the Polygon network advantageous due to its cheap fees and speedy transaction time.

Get to learn more on Polygon MATIC here.