Cryptocurrency Q&A What is mkr coin?

What is mkr coin?

DavidJohnson DavidJohnson Mon Nov 18 2024 | 6 answers 1340
I recently heard about a cryptocurrency called MKR coin, but I'm not very familiar with it. Could someone explain what mkr coin is, its background, and how it works in the crypto market? What is mkr coin?

6 answers

KpopStarlet KpopStarlet Wed Nov 20 2024
Maker (MKR) holds a significant role in the cryptocurrency ecosystem.

Was this helpful?

161
76
Daniela Daniela Wed Nov 20 2024
DAI is designed to maintain a stable value, closely mirroring the US dollar.

Was this helpful?

199
66
CryptoElite CryptoElite Wed Nov 20 2024
It serves as a governance token associated with MakerDAO and Maker Protocol.

Was this helpful?

209
67
Alessandra Alessandra Wed Nov 20 2024
Both MakerDAO and Maker Protocol leverage the Ethereum blockchain for their operations.

Was this helpful?

360
80
Nicolo Nicolo Wed Nov 20 2024
The main objective of Maker is to manage DAI, a decentralized digital currency.

Was this helpful?

251
99
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts