Virtual currencies, real risks. The only guarantee in crypo is risk. Read more
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Disclaimer
The value of your virtual currencies can fluctuate significantly, and the amount you invested can be completely lost;
Virtual currencies are not covered by the bank deposit guarantee schemes;
There is no legal mechanism available on the virtual currency market to prevent market manipulation or insider trading;
Virtual currencies are entirely dependent on a specific computer technology and infrastructure, which in some cases may be very recently developed and not yet sufficiently tested;
In case of loss of the identifier or password that gives access to the virtual wallet in which the virtual coins are stored, those coins will be permanently lost;
Virtual currencies are currently accepted as a means of payment with limited acceptance, and in most countries there is no legal obligation to accept them;
For more information about the risks associated with an investment in virtual currencies, we recommend that you visit the Wikifin page What is a cryptocurrency? | Wikifin.
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Maker (MKR) is a cryptocurrency that operates on the Ethereum blockchain and plays a central role in the MakerDAO ecosystem. MakerDAO is a decentralized autonomous organization that aims to create a stablecoin called Dai (DAI) that is pegged to the value of the US dollar. MKR is used to govern the MakerDAO system, making it a unique token with both utility and governance functionalities.
At its core, MakerDAO relies on a system of collateralized debt positions (CDPs) to generate Dai. Users can lock up their Ethereum (ETH) as collateral in a CDP and generate Dai against it. The ratio of collateral to Dai generated is determined by a collateralization ratio, which ensures the stability of the system. If the value of the locked-up collateral falls below a certain threshold, users are required to add more collateral or repay the Dai to avoid liquidation. The stability of Dai is maintained by a combination of market forces and the actions of MKR token holders. MKR token holders have the responsibility of governing the MakerDAO system. They participate in a continuous approval voting system to make decisions and shape the platform's parameters. This includes determining the stability fee, which is an interest rate paid by CDP owners to generate Dai. MKR holders also act as the lender of last resort in the system. If the value of the collateral falls significantly and there is a risk of insolvency, MKR is minted and sold to cover the outstanding debt and maintain the stability of the system.
With Finst it's easy to invest in MKR and other cryptos.
Sign up
Create a free account in 3 minutes to buy, sell and store Maker with no minimum amount. Your Finst account is accessible worldwide via mobile and desktop.
Deposit funds
Verify your account and transfer euros to your Finst wallet with iDEAL, Bancontact or instant SEPA bank transfer.
Buy and trade
Buy and sell over 265 digital assets and pay only 0,15% transaction fees. Store your MKR in your secure Finst wallet.
We don't hide our fees.
Buy MKR with a trading fee of 0,15% per transaction and no added spead. That's it. Crystal clear.
Finst is an Amsterdam-based cryptocurrency exchange led by a team of investment professionals who have previously helped build one of the largest retail investment platforms in Europe. Finst offers the lowest transaction fees in Europe for a wide range of cryptocurrencies through a unique and highly secure platform.
Leveraging decades of combined trading, security and engineering experience, Finst aims to create a level playing field for all crypto investors and remove the high entry barriers associated with investing in cryptocurrency.