The MKR coin is a governance token of MakerDAO, meaning that holders of the coin are able to propose policies and changes to help develop the system in a better direction or vote on others’ proposals. These proposals may be related to interest rate adjustment, or even a request for a new addition of coins. This systematic function is upon the basis of being a Decentralized Autonomous Organization (DAO) as it allows all users in the system to have the power to make big systematic changes.
Moreover, the MKR coin is also a utility token that is used for interest rates in the process of depositing-withdrawing funds on the Marker Protocol platform.
For questions and inquiries, please feel free to contact us.
BITKUB ONLINE Co., Ltd.
Website: www.bitkub.com
Contact us: Bitkub Support
Telephone: +66 2-032-9555
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