MKR is the management token and utility token of the Maker system, which is used to pay for the stable fee of borrowing Dai and participate in the management system.
Full name: Maker
MakerDAO is a decentralized autonomous organization and smart contract system on Ethereum, providing Dai, the first decentralized stable currency on Ethereum. MKR is the management token and utility token of the Maker system, which is used to pay for the stable fee of borrowing Dai and participate in the management system. Unlike Dai stable currency, due to its unique supply mechanism and role on the Maker platform, the value of MKR is closely related to the performance of the entire system.
Issuance and Circulation:
Total Issuance: 1,000,000 MKR
White Paper: https://makerdao.com/whitepaper/DaiDec17WP.pdf
Official Website: https://makerdao.com
Disclaimer: The content of this introduction comes from official materials such as white papers released by the official project team so that investors can better understand the currency and its corresponding projects. The content of this article obtains information through legal channels, as far as possible to ensure the reliability, accuracy and completeness of the information, but does not fully guarantee the accuracy and completeness of the information described in the report. The content of this article cannot be used as the basis for investment research decision-making, and cannot be used as a moral, liability, or legal basis or evidence, regardless of whether it has been expressed or implied.