Maker DAO
Maker is a Decentralized Autonomous Organization (DAO) that backs the value of the dai stablecoin on the Ethereum blockchain. A DAO is an organization that is entirely blockchain-based using smart contracts to enforce its rules and business logic.
Dai is a stablecoin used for trade and transfers on Ethereum. A stablecoin is a cryptocurrency with price stability.
MKR is a speculative share that backs the value of the dai. Maker earns a continuous fee on all outstanding dai in return for governing the system and taking on the risk of bailouts. Maker’s income is funnelled to MKR owners through Buy&Burn.
Quick links
Chat - Primary platform of community interaction
Forum - For debate and proposals
Subreddit - Best place to get latest news and links
GitHub - Repository of the public Maker code
TeamSpeak - For governance meeting conference calls
SoundCloud - Governance meeting recordings
MakerX - MKR and DAI decentralized exchange
links doesn't work - u can link with md like this
[link to Google!](http://google.com)Github
SLACK
Forum
TeamSpeak
Soundcloud
MakerX
i begin to think we'd start using https://steemit.com/trending/mkr maker sub-steem for future MKR related threads ..
Credits are going to Ryan Casey, Nexus Founder and Maker Core Dev
{ Ryans blog }
#MKR #ETH
I mean Maker and BTS are DAOs with 1/10th the market cap of DAO unless I'm missing something.
I particularly like Maker's placement.