Because of the extremely volatile nature of crypto assets, the need to hunt from a cryptocurrency or measures towards stabilizing price fluctuations within the crypto sphere is a top priority to MakerDAO.
Maker investment began in January 2017 and has since then received an ample support from its community. A cryptocurrency that is pegged to the dollar will always be a plus for the crypto ecosystem regardless of whether it is a utility token or not. The fact that a stabilizing coin can in effect help bring about a more functional use of crypto in everyday usage, and therefore facilitate mainstream adoption is worth applauding.
But on this particular platform, two coins are involved in this stabilizing cycle – the DAI and the MKR. While DAI is responsible for the stability of the crypto aspect of the project, MKR is more of the governance token which regulates the functions, volatility, and availability of the DAI tokens.
You can buy DAI stable coin from about 16 trade markets. It isn’t as popular as other Ethereum ERC-20 based tokens, and that can be quite difficult to buy, especially for those with jurisdiction problems. However, the technology should begin to pick up traffic as it has shown some impressive steady price moderation since it was listed in December 2017; in line with the objectives of the platform.
On the other hand, MKR token has about 13 markets where it is being traded with majorly ETH, BTC, USDT, and DAI, and these trading mostly takes place on decentralized exchanges at the moment.
In order to store the tokens, you will need an Ethereum ERC-20 compatible wallet that accepts the asset or you could use one of the hardware wallets available, such as the Ledger Nano and the Trezor. But the classic way to store most of these coin types is to use MEW or metamask.