XREX listed Maker (MKR) on 8 April 2022. This further diversifies the list of tokens and coins that users can buy, sell, convert, and trade on the XREX platform. We are glad to offer more investment options to our users after detailed analysis conducted by our security and risk management teams. Factors taken into consideration include (but not limited to) tokenomics, utility, developer team, roadmap, potential, and liquidity.
In this article, we've prepared some basic information about one of our listed cryptocurrency on the XREX crypto-fiat exchange – MKR.
Token name: Maker (MKR)
Issuer: Maker Protocol
Issue date: August 2017
Supply:Total supply: 1,005,577 MKR, Circulating supply: 977,631 MKR
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.
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.