Maker

Maker (MKR) was created in 2015 by Rune Christensen, an entrepreneur from Sealand, Denmark. Rune Christensen, the founder of Maker (MKR), holds a degree in biochemistry from Copenhagen University and studied international business at the Copenhagen Business School. Prior to MakerDAO, he co-founded and managed the Try China international recruiting company.

The Maker Protocol, which manages the DAI stablecoin, is built on the Ethereum blockchain. In turn, the Ethereum blockchain is secured by its Ethash proof-of-work function. As a decentralized autonomous organization (DAO), the security and governance of the Maker Protocol is maintained by MKR token holders, who vote on important protocol changes and parameters.

The total supply of Maker (MKR) is 977,631 MKR. The circulating supply is 930,216 MKR, which is 92.51% of the total supply. The maximum supply is capped at 1.01 million MKR.