Review on Maker by Lenon Cabrera

Name: Maker
Item: Maker
Rating: 5

September 19, 2018

An attractive project, which has what every trader and investor wants to be a…

An attractive project, which has what every trader and investor wants to be a stable currency, however, there is evidence of little distribution and adoption in the other regions that prevent the investment-level project from growing and expanding throughout the ecosystem and its usability in real life.
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Pros

Maker is an intelligent contract platform based on the Ethereum Blockchain that supports and stabilizes the value of Dai Stablecoin, which is a cryptocurrency backed by guarantees whose value is stable relative to the US dollar. through a dynamic system of Collateralized Debt Positions (CDP). This system that gives low volatility to it has undoubtedly marked its success since every investor, in addition to generating profitability, seeks a currency that safeguards or maintains the value of the same, not being affected by price increases or decreases. precipitous of other projects. It also has a governance system that allows all the owners of MKR to take the course of any new proposal that is included in the network. Basically it is a project already in operation, many people make transactions with it and have had a lot of growth which has led to the cryptocurrency to position itself among the first 30 projects that have utility in the whole ecosystem, in addition to the total credibility it has already been developed by a team of experience and tour around the blockchain ecosystem.

Cons

I see that it has very little presence in advertising and adoption that it can have in many other regions of the world, besides despite having had an exponential growth during this time it has not been seen a great development that competes with other projects that come from the new generation blockchain. More marketing and advertising is needed, so that everyone has access to it and its volume of daily transactions increases, since in the main exchanges where it is found that they move the highest volume, they have very little percentage which has caused the project to be stagnated in adoption and usability.