Maker (MKR), Dai (DAI) and USD Coin (USDC) Listing
7 Aug 2020 15:00
We are listing Maker (MKR), Dai (DAI), and USD Coin (USDC)
We are excited to announce that we will be listing Maker (MKR), Dai (DAI) and USD Coin (USDC) on our exchange. Deposits and withdrawals will be enabled on Sunday the 9th of August, with trading going live at 11am on Tuesday the 11th of August.
We will be performing system maintenance and upgrades on Sunday the 9th of August at 2pm (AEST). We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account.
There will be an introductory brokerage fee for all newly listed coins of 0.2% for two weeks, so be sure to get your trades in early!
Over the Counter (OTC) Maker, Dai or USD Coin
If you are looking to buy or sell A$100,000 or more of MKR, DAI or USDC it will be available through the Independent Reserve over-the-counter (OTC) desk from Sunday the 9th of August.
Maker (MKR) is an Ethereum based decentralised autonomous organisation (DAO) that backs, governs and stabilises the value of the network's stablecoin - Dai. Holders of MKR can govern the system by voting on various risk parameters relating to the network and the stablecoin Dai.
Dai (DAI) is a decentralised stablecoin that is created and governed by MakerDAO (MKR). Dai is pegged to the US dollar on a 1:1 ratio.
Unlike other USD stablecoins whose value is directly backed by USD, Dai is backed by crypto collateral like
Ethereum that is publicly viewable on the Ethereum blockchain.
USD Coin (USDC)
Chainlink is a decentralised oracle network that was developed to connect smart contract platforms like Ethereum and DeFi with data from the real word. The cryptocurrency that is native to Chainlink is LINK, it is used to pay node operators and data providers that leverage the network.
If you have any questions regarding the upcoming listings, please do not hesitate to raise a ticket with our support team.