Review on Maker by Danh Huỳnh Ngọc Công
Maker is a great products built for individuals and businesses. DAI is one of…
Maker is a great products built for individuals and businesses. DAI is one of the main and best product of Maker. This has a bright future for a world with decentralized payments. The governance of Maker is also excellent. However, there are many competitors of DAI on the market. Also, the team does not have big community support. Trading volumes of both DAI and Maker are low at the time of writing
Updated 5 years ago
Rating has not been changed
Positive point: it provides a unique smart contract that let user's assets be kept in exchange for DAI token. Also, MRK is issued on Maker platform to facilitate decentralized governance
Pros
- - A good place to store your assets during the fluctuation of the market - DAI can be spent at merchant as fiat money - DAI’s low volatility is a perfect tool for loaning - DAI eliminates the issues of third party and high transaction fees - Maker governance brings about the fairness to its community - Running on Ethereum, one of the best blockchains currently
Cons
- - There are a lot of stable coins on the market. For example: USDT, nUSD, TUSD, etc. - Not much communication with the community - Low trading volume
