When was mkr coin issued?

MKR coin was issued on November 18, 2017. It is a governance token used to manage the MakerDAO platform. MKR holders are responsible for voting on levying stability fees, adjusting liquidation thresholds, managing financial reserves and other related matters.

MKR coin issuance time

MKR coin was issued on November 18, 2017.

Detailed description

MKR coin is a governance token issued by the MakerDAO platform. MakerDAO is a decentralized finance (DeFi) platform built on the Ethereum blockchain that allows users to create and manage Collateralized Debt Positions (CDPs). MKR holders are responsible for voting on the operations of the MakerDAO platform, including:

• Implementing stability fees for stablecoin DAI
• Adjusting CDP liquidation thresholds and penalties
• Managing the platform’s financial reserves

When the MKR coin was initially issued, a total of 1 million MKR were issued, of which approximately 600,000 were raised through token sales. The supply of MKR is fixed and will not increase or decrease.

It is worth noting that the MKR currency is different from the DAI stable currency. DAI is a USD-pegged stablecoin backed by collateral, while MKR is a governance token used to govern the MakerDAO platform.

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