The Maker platform has two tokens in total.
These tokens are Maker Coin (MKR) and Dai. While Dai is traded on the market as
stablecoin, MKR is a token with a variable value. In this article we will talk
about MKR, Dai, how to buy them and how they work. Have a pleasant reading.
What is Dai and MKR?
The transaction fees arising from the
production of Dai within the Maker platform are paid with MKR. MKR can be
defined as a service token. The token is burned when payments are made. This
reduces the total number of tokens. Dai increases the number of MKR token if
How Maker Coin (MKR) Works
MKR is used in Maker platform for risk
management and voting on business logic. Risk management is very important for
the future of the platform and for increasing the success scale.
All MKR token holders have the right to
vote for the bid they want. They may also withdraw their vote at any time or
have the right to propose a new vote.
The proposal that receives the most votes
in the MKR system can be activated to provide changes in risk management in the
system. In terms of security, there is a short delay after the acceptance of
the proposal. This delay is performed to ensure security.
The team working on the platform decides
the future of Dai together with the community in Maker. The platform plans to
introduce much more advanced features in the future. Some of these features are
the ability to transfer the votes used to the proxy vote user and to vote with
the top-level firewall with MKR coins held in secure storage warehouses.
Buy Maker Coin
MKR can be purchased on Binance exchange.
To purchase MKR, you must first become a member of the Binance exchange. Then,
you can buy BTC and exchange with MKR.
With Cointral, you can purchase MKR with
the help of our expert staff. In addition to Maker Coin, you can purchase
Bitcoin, Ethereum, Ripple, Litecoin, Dash, Tether, BNB Coin, Cardano, Dogecoin,
Steem, NEO and more than 1200 cryptocurrencies with Cointral.