1 Level
16 Review
20 Karma
Review on Maker by zet david
The success of the project depends on the turnover from expected milestones…
The success of the project depends on the turnover from expected milestones. With a direct Risk Management role of the MKR token holders, the new coin is entirely risk controlled. If a user closes the smart contract CDP, they are basically dissolving the DAI amount to regain the collateral they had given to the marker platform.
Pros
- Essentially, CDP contracts hold ETH, and if a black swan event occurs, such as ETH crashing before anyone has a chance to react, MKR is liquidated on the open market to cover the losses. Maker is also working hard throughout 2018 on crypto partnerships. It partnered with OmiseGO, Digix, Request Network, Tradeshift, and CargoX. The more partners Maker gathers, the more viable its stablecoin becomes.Those who invest are likely going to be rewarded handsomely as Maker coin is more widely adopted and the cryptocurrency industry grows as a whole.
Cons
- The timeline presented also seems bit away from realistic nature. eing planned for the future. It is extremely versatile because it was designed to be used by developers of any level and in any industry . The Komodo project is based on anonymity (so it comes as no surprise that many of the Komodo team members initially chose not to reveal their identity).
