1 MKR = ₺72,397.66 Turkish Lira 1 TRY Turkish Lira = 0.00001381 MKR
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View ChartThe Maker Protocol is one of the largest decentralised applications (dApps) on the Ethereum blockchain. It was designed by a disparate group of developers and is governed by the MakerDAO.
MakerDAO is a decentralised autonomous organisation (DAO) comprising MKR holders from around the world. MKR holders can stake their tokens to vote on changes to the Maker Protocol, thereby ensuring the efficiency, transparency and stability of Dai.
Despite its vast differences, holding MKR is somewhat similar to owning stock in a traditional company in that shareholders have a say in how the company functions. The Maker ecosystem was one of the first DeFi projects to achieve significant success, which is a testament to the effectiveness of truly decentralised governance.
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.
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.
Maker offers its community of MKR holders the unique opportunity to directly participate in the governing of Dai – one of the most popular stablecoins on the market. They can use their MKR tokens to vote on the following types of proposals:
The easiest way to buy Maker (MKR) is through a crypto exchange like BTCC. BTCC makes purchasing Maker (MKR) easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first Maker (MKR) purchase, register with BTCC today!
"To minimize trading costs, market participants should prioritize exchanges with competitive maker–taker fee structures.
BTCC—widely recognized as one of the industry’s lowest-fee cryptocurrency exchanges, especially for derivatives trading—offers futures trading fees as low as 0.01%. This exceptional cost efficiency positions BTCC as a preferred venue for high-frequency and high-volume traders seeking to optimize capital preservation."
Purchasing MKR with TRY is supported by most major, regulated cryptocurrency exchanges. The optimal platform depends on your preferred fiat deposit method:
BTCC — A reputable, long-established exchange (in operation since 2011), offering seamless fiat deposits via credit card or bank transfer to acquire USDT. Once your account is funded, you can instantly trade USDT for MKR on the MKR/USDT trading pair.
If you're looking to swap MKR for TRY in a hurry, you need a platform with ""instant swap"" or ""one-click sell"" functionality—especially those that integrated with PayID or Osko for near-instant transfers to your Aussie bank.
The crypto calculator and conversion tool on BTCC gives you an ""on-the-spot"" valuation for trading MKR into TRY.
To help users understand the “real-world” value of Maker, BTCC lets you compare your MKR holdings against real-world items like an average monthly wage, the latest iPhone, or even a barrel of oil. For local investors navigating the current cost of living, seeing your crypto balance in terms of everyday buying power is a massive win.
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 think the price will rise, place a buy order.
To Sell (Go Short): If you think the price will fall, open a short position (available in derivatives trading, such as 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 Centre
Yes, absolutely. BTCC supports multiple methods 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:
Sign in to your account, 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 in the app.
Enter the amount of the MKR you want to convert in 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. Put simply, it tells you how many TRY one Maker is worth at any given moment.
Currently, one Maker is ₺72,397.66. Due to the 24/7 nature of the global cryptocurrency market, the price of 1 Maker (MKR) in TRY is constantly changing. To get the live price, please check the market data section at the top of our platform or visit our MKR to TRY converter.