How to buy
MakerDAO
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MakerDAO
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MakerDAO
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MakerDAO
What is
MakerDAO
MKR tokens are the utility and governance tokens built to support the MakerDAO and Maker Protocol. The ERC-20 token supports the operation and maintenance of the platform’s stablecoin DAI, which is soft-pegged to the US dollar. The Maker protocol is one of the first projects to provide DeFi (decentralized finance) services and remains in the top 20 biggest DeFi projects.
MKR holders are able to vote on proposals suggested to improve the Maker platform protocol as well as manage the supply of the token through surplus and debt auctions. MKR token holders play an integral role in generating DAI, how well the platform operates, and the overall price of the coin.
How to buy
MakerDAO
Trade Bitcoin, Ethereum and a wide range of cryptocurrencies with confidence knowing that your coins are safe in an exchange where they've been backed by top-notch security features like 2FA authentication and bank-level encryption.
Deposit funds safely and for free directly to your unique Tap account by bank transfer. You can then use these funds to buy Maker or any other coin or token with a click on the Tap mobile app.
Tap offers the ability to deposit multiple cryptocurrencies which you can then trade for Maker at some of the market's greatest rates, making it ideal for traders who want to be on the same page.
Why buy
MakerDAO
with Tap?
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Get the best price for your crypto
Trading with Tap automatically gives you access to the platform’s smart engine which finds you the best available price on the market in real-time. By scanning top exchanges and order books, the technology is able to sift through tons of data in order to pair you with the best market price whether you're looking to buy or sell Maker.
Tap into
MakerDAO
today
Start investing in Maker today and get started with as little as $10/€10. Purchasing Maker tokens has never been this easy making it an ideal tool for everyone from beginner to seasoned crypto investor. Trade on the go, invest and earn, build your wealth and join our ever-growing community of users in building a better financial future with Tap.
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Frequently Asked Questions
The Maker (MKR) token is a governance and utility token powering the MakerDAO and Maker Protocol. The ERC-20 token plays an integral role in maintaining the ecosystem that issues and operates the DAI stablecoin.
The Maker Protocol uses Ethereum smart contracts to facilitate the lending of its stablecoin (DAI) as well as offer additional features such as governance through the MKR token.
The Maker Foundation is an organization created to facilitate the development of the Maker decentralized autonomous organization (DAO) which governs the Maker protocol and DAI stablecoin.
If the Maker system is underperforming its locked coins are sold for a lower value than initially deposited at, causing it to raise capital via a Debt Auction. By undergoing this process, new MKR tokens are minted and put up for auction in exchange for DAI. This ultimately increases the amount of available MKR tokens while simultaneously decreasing its price.
At the time of writing, there are around 978,000 MKR tokens in circulation.
Whether you want to check the MKR price or buy MKR, you can do so directly through your Tap app. Simply open the app, select Maker from the list of supported cryptocurrencies and review the information available.
As MKR is an ERC-20 token it is compatible with any Ethereum wallet that supports such tokens. From hardware wallets to software wallets, be sure to check that the wallet is compatible with ERC-20 before sending the coins there. Alternatively, you can securely store your MKR tokens in your Tap wallet. When creating an account you automatically gain access to a Maker wallet, allowing you to store your tokens for as long as you want.
Tap Global simplifies the process of engaging with cryptocurrency, making it more secure and accessible than ever before. The user-friendly platform allows you to purchase, sell, spend and store digital assets in a few clicks. Once your account is verified you can get started right away. Plus, our regulations provide an extra layer of trust for an effortless crypto experience. Tap into the Maker market today with the Tap app.