![Bowsers Castle by: YraX 100% (1 coin) (Mobile) Geometry Dash [2.2]](/uploads/2025/04/30/cryptocurrencies-news/videos/bowsers-castle-yrax-coin-mobile-geometry-dash/image-1.webp "Bowsers Castle by: YraX 100% (1 coin) (Mobile) Geometry Dash [2.2]")
-
Bitcoin $94,977.5839
0.25% - Ethereum
$1,808.5000
-0.48% - Tether USDt
$1.0003
-0.02% - XRP
$2.2506
-1.30% - BNB
$604.3126
-0.93% - Solana
$147.7957
-0.14% - USDC
$1.0000
0.00% - Dogecoin
$0.1757
-2.18% - Cardano
$0.6996
-1.61% - TRON
$0.2434
-1.63% - Sui
$3.5932
1.35% - Chainlink
$14.6405
-3.42% - Avalanche
$21.7312
-1.96% - Stellar
$0.2798
-0.86% - UNUS SED LEO
$9.0259
0.31% - Toncoin
$3.2324
-1.30% - Hedera
$0.1875
-1.30% - Shiba Inu
$0.0...01343
-2.47% - Bitcoin Cash
$364.5955
-2.31% - Polkadot
$4.1441
-4.08% - Litecoin
$85.6139
-1.29% - Hyperliquid
$18.4364
-1.36% - Dai
$1.0000
-0.01% - Bitget Token
$4.3912
-0.86% - Monero
$275.5743
1.90% - Ethena USDe
$0.9995
-0.01% - Pi
$0.5838
-3.42% - Pepe
$0.0...08919
-0.13% - Uniswap
$5.3422
-2.47% - Aptos
$5.4131
-2.85%
What is MKR coin? Introduction to the issue price, total amount and white paper of MKR coin
MKR token holders have decision-making power in the MakerDAO platform through their governance rights.
Oct 02, 2024 at 02:24 am
What is MKR Coin?
MKR is the native utility token of the MakerDAO platform, a decentralized lending and borrowing protocol built on the Ethereum blockchain.
Key Features of MKR Coin:
- Governance: MKR token holders have voting rights in the MakerDAO governance process, allowing them to participate in decision-making regarding platform policies, risk management, and new product development.
- Collateral Stability Fee: MKR holders can use their tokens to vote on the Collateral Stability Fee (CSF), which is a fee charged to borrowers to maintain the stability of the MakerDAO system.
- Stability Mechanism: MKR tokens are used to purchase and redeem Dai, the stablecoin issued by MakerDAO. This mechanism helps to stabilize Dai's value by creating a demand for MKR when Dai's price deviates from its peg.
Issue Price, Total Amount, and White Paper
- Issue Price: The initial issue price of MKR was $0.0029 on May 27, 2018, through a private token sale.
- Total Amount: MKR has a total supply of 1,005,577 tokens.
- White Paper: The MakerDAO white paper, titled "The Maker Protocol: A Decentralized Credit System for the Blockchain Economy," was released in March 2018.
Conclusion
MKR is an essential component of the MakerDAO ecosystem, empowering token holders with governance rights and playing a crucial role in maintaining the stability of the Dai stablecoin. Its issue price, total supply, and white paper provide insights into the origin and technical foundation of the project.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Trump Media Launches 'Truth+' With a 'Utility Token' That May Be a Cryptocurrency
- 2025-04-30 14:05:13
- Monero (XMR) Explodes 30%, Setting a New High After Being Silent for a Long Time
- 2025-04-30 14:05:13
- BRICS Is Ditching the US Dollar Fast
- 2025-04-30 14:00:21
- Trump Media & Technology Group Corp. Is Exploring the Possibility of Launching a Utility Token and Digital Wallet
- 2025-04-30 14:00:21
- Bitcoin Remains at the Forefront of the Digital Asset Revolution
- 2025-04-30 13:55:13
- The Green Crypto Revolution: A New Era of Sustainable Digital Currencies
- 2025-04-30 13:55:13
Related knowledge
What is DeFi? How does it leverage blockchain technology?
Apr 27,2025 at 12:49pm
What is DeFi? How does it leverage blockchain technology? Decentralized Finance, commonly known as DeFi, represents a shift from traditional centralized financial systems to a more open, permissionless, and transparent ecosystem built on blockchain technology. At its core, DeFi aims to recreate traditional financial instruments and services—such as lend...
What is impermanent loss insurance? What are the solutions?
Apr 12,2025 at 01:14am
What is Impermanent Loss Insurance? What are the Solutions? Impermanent loss is a significant concern for liquidity providers in decentralized finance (DeFi) platforms. It occurs when the price of tokens in a liquidity pool changes compared to when they were deposited, leading to a potential loss if the provider decides to withdraw their liquidity. To m...
What are algorithmic stablecoins? How do they maintain anchoring?
Apr 12,2025 at 11:35am
Algorithmic stablecoins represent a fascinating and innovative segment within the cryptocurrency ecosystem. These digital assets are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, through the use of algorithms rather than traditional collateral. This approach distinguishes them from other types of stablecoin...
What is leveraged mining? How is risk-return calculated?
Apr 11,2025 at 04:07pm
What is Leveraged Mining? How is Risk-Return Calculated? Leveraged mining is a strategy used in the cryptocurrency space where miners borrow funds to increase their mining capacity and potential returns. This approach can amplify both profits and losses, making it a high-risk, high-reward endeavor. Understanding how to calculate the risk and return asso...
What is an aggregator? How does 1inch optimize transaction paths?
Apr 12,2025 at 05:00pm
An aggregator in the cryptocurrency space is a tool that compiles and compares data from multiple decentralized exchanges (DEXs) to find the best possible trading routes and prices for users. Aggregators are essential for traders looking to optimize their transactions, as they can automatically search through various liquidity sources to ensure the most...
What is a flash exchange? How is it different from a normal exchange?
Apr 16,2025 at 03:43pm
A flash exchange, also known as a flash swap, is a relatively new concept within the cryptocurrency space that has gained significant attention due to its innovative approach to trading. Unlike traditional exchanges, flash exchanges leverage the power of decentralized finance (DeFi) protocols to enable instant, collateral-free trades. In this article, w...
What is DeFi? How does it leverage blockchain technology?
Apr 27,2025 at 12:49pm
What is DeFi? How does it leverage blockchain technology? Decentralized Finance, commonly known as DeFi, represents a shift from traditional centralized financial systems to a more open, permissionless, and transparent ecosystem built on blockchain technology. At its core, DeFi aims to recreate traditional financial instruments and services—such as lend...
What is impermanent loss insurance? What are the solutions?
Apr 12,2025 at 01:14am
What is Impermanent Loss Insurance? What are the Solutions? Impermanent loss is a significant concern for liquidity providers in decentralized finance (DeFi) platforms. It occurs when the price of tokens in a liquidity pool changes compared to when they were deposited, leading to a potential loss if the provider decides to withdraw their liquidity. To m...
What are algorithmic stablecoins? How do they maintain anchoring?
Apr 12,2025 at 11:35am
Algorithmic stablecoins represent a fascinating and innovative segment within the cryptocurrency ecosystem. These digital assets are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, through the use of algorithms rather than traditional collateral. This approach distinguishes them from other types of stablecoin...
What is leveraged mining? How is risk-return calculated?
Apr 11,2025 at 04:07pm
What is Leveraged Mining? How is Risk-Return Calculated? Leveraged mining is a strategy used in the cryptocurrency space where miners borrow funds to increase their mining capacity and potential returns. This approach can amplify both profits and losses, making it a high-risk, high-reward endeavor. Understanding how to calculate the risk and return asso...
What is an aggregator? How does 1inch optimize transaction paths?
Apr 12,2025 at 05:00pm
An aggregator in the cryptocurrency space is a tool that compiles and compares data from multiple decentralized exchanges (DEXs) to find the best possible trading routes and prices for users. Aggregators are essential for traders looking to optimize their transactions, as they can automatically search through various liquidity sources to ensure the most...
What is a flash exchange? How is it different from a normal exchange?
Apr 16,2025 at 03:43pm
A flash exchange, also known as a flash swap, is a relatively new concept within the cryptocurrency space that has gained significant attention due to its innovative approach to trading. Unlike traditional exchanges, flash exchanges leverage the power of decentralized finance (DeFi) protocols to enable instant, collateral-free trades. In this article, w...
See all articles
