What is the issuance price of MKR coins? Find out the MKR coin issuance price in one article

The MKR currency is different from the Dai stable currency in this project. It has a unique supply mechanism and has a special role on the Maker platform. The value of the MKR currency and the performance of the entire system are closely related to each other. are closely related. The decentralized stable currency Dai has very critical applications in many aspects, and the issues they are responsible for are different.

The latest market price of MKR coins

＄2573.46 ≈ ¥18,400

What is the issuance price of MKR coins?

The issuance price of MKR coin is 22.1 US dollars. MakerDAO is a multi-guaranteed Dai (MCD) stable currency system protocol. The Maker protocol allows users to generate Dai using assets approved by “Maker Governance” as collateral.

Maker governance is a set of processes organized and operated by the community to manage all aspects of the Maker protocol. Dai is an asset-backed cryptocurrency soft-pegged to the U.S. dollar, and its issuance is completely decentralized. Due to its low volatility, Dai is able to withstand hyperinflation and provide economic freedom and access to any individual on a global scale.

Due to the violent price fluctuations of ETH itself, there is always a "trust" problem in stablecoins that are subject to centralized issuance. The MakerDAO autonomous organization wants to build a trustless stablecoin that is native to the Ethereum ecosystem - DAI will What is provided to the ecosystem is stability. DAI is designed to be anchored to the U.S. dollar at a ratio of 1:1, and it can serve as a stable guide price. DAI will provide applications on Ethereum with functionality based on a widely accepted stablecoin, while still allowing the system to remain fully decentralized.

MKR coin development history

In December 2017, MakerDAO used a unique smart contract called Collateralized Debt Position (CDP) to pledge Ethereum (ETH) to generate Dai. . Given that Ethereum is the only collateral asset accepted by the system, the generated Dai is called Single-Collateral Dai (SCD), now also known as Sai.

In November 2019, the Maker protocol was upgraded to support a variety of collateral assets including Ethereum, which is today’s Dai stablecoin system. Currently, all assets based on Ethereum and approved by MKR holders are accepted as collateral. MKR holders also have the right to vote to determine the risk parameter (Risk Parameter) of each collateral.

Dai is a decentralized and neutral asset-backed cryptocurrency with a price softly anchored to the U.S. dollar, with the goal of minimizing price volatility. The Maker protocol is governed by holders of the governance token MKR. Through a scientific governance system consisting of Executive Voting and Governance Polling, MKR holders can manage the financial risks of the Maker protocol and Dai, thereby ensuring the stability, transparency and efficiency of the protocol. Each MKR token locked in the voting contract is equivalent to one vote.

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