I recently heard about a cryptocurrency called 
MKR coin, but I'm not very familiar with it. Could someone explain what mkr coin is, its background, and how it works in the crypto market?
            
            
            
            
            
            
           
          
          
            6 answers
            
            
  
    
    KpopStarlet
    Wed Nov 20 2024
   
  
    Maker (MKR) holds a significant role in the cryptocurrency ecosystem.
  
  
 
            
            
  
    
    Daniela
    Wed Nov 20 2024
   
  
    DAI is designed to maintain a stable value, closely mirroring the US dollar.
  
  
 
            
            
  
    
    CryptoElite
    Wed Nov 20 2024
   
  
    It serves as a governance token associated with MakerDAO and Maker Protocol.
  
  
 
            
            
  
    
    Alessandra
    Wed Nov 20 2024
   
  
    Both MakerDAO and Maker Protocol leverage the 
Ethereum blockchain for their operations.
  
 
  
 
            
            
  
    
    Nicolo
    Wed Nov 20 2024
   
  
    The main objective of Maker is to manage DAI, a decentralized digital currency.