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?
6 answers
KpopStarlet
Wed Nov 20 2024
Maker (MKR) holds a significant role in the cryptocurrency ecosystem.
Daniela
Wed Nov 20 2024
DAI is designed to maintain a stable value, closely mirroring the US dollar.
CryptoElite
Wed Nov 20 2024
It serves as a governance token associated with MakerDAO and Maker Protocol.
Alessandra
Wed Nov 20 2024
Both MakerDAO and Maker Protocol leverage the
Ethereum blockchain for their operations.
Nicolo
Wed Nov 20 2024
The main objective of Maker is to manage DAI, a decentralized digital currency.