1 MKR = ₺70,209.30 Turkish Lira 1 TRY Turkish Lira = 0.00001424 MKR
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View ChartAs one of the largest decentralized applications (dApps) on the Ethereum blockchain, the maker protocol is designed by a group of different developers and managed by MakerDAO. MakerDAO is a decentralized autonomous organization (DAO) composed entirely of MKR holders from all over the world. These MKR holders are able to take shares in their MKR tokens in order to vote on proposed changes to the maker agreement — and to ensure the efficiency, transparency and stability of Dai.
For all its huge differences, holding MKR is a bit like owning shares in a traditional company, because shareholders have a say in deciding how the company operates. The maker ecosystem is one of the first defi projects to achieve significant success – which proves the effectiveness of true decentralized governance.
The maker protocol generates a new Dai through a smart contract called maker vaults. These contracts can be created through a variety of Web UIs and applications that are essentially portals to the web (such as oasis loan or instadapp). When users want to retrieve their pledged cryptocurrency from the smart contract, they must first repay the Dai and stabilization fee they generate.
MKR tokens can also be used to govern the maker protocol. The proposal to be voted takes the form of a smart contract and can be deployed by any Ethereum address. Then, the MKR holder community can vote on the proposal they wish to adopt, and Ethereum addresses that receive more approval votes in the form of MKR will be granted administrative authority to make proposed changes to the maker agreement.
The history of the maker ecosystem has gone through different stages, the first of which is MakerDAO. This was founded in 2014 by Rune Christensen, a Danish entrepreneur who graduated from the University of Copenhagen. After studying international business and biochemistry, Christensen co founded the recruitment company try China before entering the blockchain field.
Dai was officially launched on the Ethereum network in 2017, and then established the maker foundation in the second year. The organization aims to promote the growth of the ecosystem and takes the lead in the development of decentralization. Christensen serves as the chief executive officer of the foundation, while other members of the board include Steven Becker, President and chief operating officer (who previously founded cubit capital) and economist Sheffield Roy.
Initially, Ethereum was the only asset that could be mortgaged through the maker protocol, and the resulting Dai was called single mortgage Dai or Sai. In 2019, the MCD system was implemented, so today, any type of Ethereum based assets can be deposited as long as they are approved by the MKR holder community.
Trading MKR/TRY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit TRY or MKR into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the MKR/TRY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you believe the price will rise, place a buy order.
To Sell (Go Short): If you believe the price will fall, you can open a short position (available in derivatives trading like futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Center
Yes, absolutely. BTCC supports multiple ways to gain exposure to Maker(MKR) using TRY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Maker directly.
Trade on the Spot Market: Deposit TRY and place a buy order on the MKR/TRY spot trading pair using market or limit orders, taking direct ownership of the MKR.
Trade MKR/TRY Futures: For more advanced strategies, you can trade MKR/TRY perpetual or dated futures contracts. This allows you to speculate on Maker's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your MKR to TRY conversion on BTCC:
Access your account by signing in, or create a new BTCC account if needed.
Go to the trading interface and select the MKR/TRY trading pair.
Input the specific amount of Maker you wish to sell.
Verify the displayed exchange rate and your final TRY total.
Confirm and finalize the sell transaction.
Following these steps, your TRY balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the "Crypto Converter" section on our website or within the app.
Type the amount of MKR you want to convert into the first field.
The equivalent value in TRY will be instantly calculated and displayed in the second field, using the latest live market rate.
The MKR/TRY exchange rate is the current market price at which 1 Maker(MKR) can be exchanged for TRY. In simpler terms, it tells you how many TRY one Maker is worth at any given moment.
Currently, one Maker is ₺70,209.30. The price of 1 Maker(MKR) in TRY is constantly changing due to the 24/7 nature of the global cryptocurrency market. To get the live, real-time price, please check the market data section at the top of our platform or visit our dedicated MKR to TRY converter.