1 Level
16 Review
18 Karma
Review on Maker by Luyn Hoang
The whole Maker system is based on the expectation that cryptocurrency is…
The whole Maker system is based on the expectation that cryptocurrency is going to thrive in the future. In this case, Maker won’t have to bail out the DAI collateral. Instead, MKR owners will be getting rich, and enjoying the right to use their MKR holdings for voting power in the Maker community.
Pros
- Maker is one of the early coins released on the Ethereum blockchain. It is also the most valuable ERC20 coin (coin for coin) in the entire cryptocurrency top 50. If collateral currency prices crash, new Maker coins are issued, and these are sold to make up the difference. In this case the Maker coin price goes down, because there are more Maker MKR coins in circulation. However, if the collateral currency prices stay the same or go up, Maker coins aren’t needed much at all. Maker MKR coins are then destroyed, raising the price of investors’ MKR. By a lot!
Cons
- Maker Coin is one of the best concepts in all of cryptocurrency, and it makes it possible for a stability coin as strong as DAI to exist. It’s future is uncertain, but with such a strong product and such a solid international team of users and supporters, we think Maker coin’s future is likely a bright one. 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.
