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Frequently asked questions
The Maker coins have experienced many ups and downs during its history, but most of the time it was considered a good investment. Most experts and analysts also predict a bright future for this token.
Yes. According to the virtual currency taxation by the Norwegian Tax Administration, selling cryptocurrency will require you to declare capital gains tax whether it’s at a profit or loss. Note that it’s important to calculate the selling price in local currency at the time of sale.
Yes. According to the virtual currency taxation by the Norwegian Tax Administration, buying digital currency has no tax consequences at the time of purchase. You do not need to declare the costs attributable to the purchase until you sell, but when you sell your crypto asset, you must know how much you paid. As a result, you should keep documentation of the date of purchase, transaction costs, and market value as of the date of purchase.
Almost 100 exchanges support MKR tokens. Since they may have different fees, check their information and find the right exchange. We can suggest you the Blocktrade exchange which doesn’t contain any trading fee.
It is estimated that 420,000 Norwegians, approximately 10 percent of the total population, own cryptocurrency.
The MakerDAO protocol was founded by Rune Christensen. After being introduced to Bitcoin in 2011, Christensen sold his business and invested in Bitcoin, then became interested in stablecoins and eventually founded MakerDAO.