Cryptocurrency Q&A
What is Maker coin used for?
What is Maker coin used for?
MysticGlider
Fri Oct 25 2024
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5 answers
1148
I want to understand the utility or purpose of Maker coin. What are the main uses or applications of this cryptocurrency?
5 answers
BonsaiBeauty
Sun Oct 27 2024
Maker tokens serve a crucial role in the governance of the Maker protocol and its stablecoin Dai.
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CryptoMaven
Sun Oct 27 2024
Holders of MKR tokens can use them to vote on various proposals related to the management and future of the protocol.
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WhisperInfinity
Sun Oct 27 2024
When a MKR token is locked in a voting contract, it grants the holder one vote.
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Tommaso
Sat Oct 26 2024
Users who wish to influence the outcome of a proposal can commit their Maker tokens to it.
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ZenBalance
Sat Oct 26 2024
The decision on a proposal's success is determined by the total number of MKR tokens it receives, rather than the number of individual MKR holders who support it.
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