We are happy to announce new coins and token listing in our latest release on 8 April 2022. XREX currently supports US dollar (USD), Indian rupee (INR), Bitcoin (BTC), Ethereum (ETH), USDT, XRP, BCH, Solana (SOL), Polkadot (DOT), Maker (MKR), and Chainlink (LINK).

Different from many crypto exchanges, XREX only lists selected coins and tokens as most of our users are cross-border merchants and working professionals who use cryptocurrencies as a medium of exchange for their international payments and remittances.

However, as our users adopt cryptocurrencies, many start considering crypto investments to diversify their portfolios. Hence, XREX decides to list new coins and tokens and we are evaluating more different projects following the rapid and innovative developments in DeFi, NFT, GameFi, and new fields.

In this article, we prepare some basic information about one of the newly listed coins and tokens on the XREX crypto-fiat exchange – Maker (MKR).

Token name: Maker (MKR)

Issuer: Maker Protocol

Issue date: August 2017

Supply:Total supply: 1,005,577 MKR, Circulating supply: 977,631 MKR

Description: Maker (MKR) is the governance token of Maker Protocol, which token holders get to decide on the policies regarding Dai, the stablecoin issued by Maker decentralized autonomous organization (DAO).

Today, there are more than 400 applications that have integrated Dai into payments, NFTs, DeFi gaming, and many more. Holders of MKR will get to participate in the process of governing Dai. This includes matters regarding upgrades to the platform, adjusting risk parameters, adding new collateral asset types, etc.

Important links

Whitepaper: https://makerdao.com/en/whitepaper/#overview-of-the-dai-stablecoin-system

Official website:https://makerdao.com/en/

We are glad to offer more coins and tokens to our users on the XREX crypto-fiat exchange. However, before investing in any cryptocurrency, it is important to do one’s own research and have a comprehensive understanding as cryptocurrency trading is subject to high market risk.

Happy trading!

Thanks for your support!

The XREX Team

Risk warning:

Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. XREX does not provide any financial advice and users are responsible for all transactions conducted on the XREX platform.

Did this answer your question?