کیسے خریدیں Maker ( MKR )

The Maker token has several uses within the Maker Protocol and MakerDAO and outside the platform. Let’s take a look at some of the use cases for MKR:

Governance Token

The MKR is the governance token of the MakerDAO. Token holders participate in the governance process of the Maker Protocol, deciding on the types of collateral that can back DAI, adjusting the protocol’s policy, and more.

Recapitalization Source

MKR is also used for recapitalization whenever the Maker Protocol experiences a deficit in operating. In such instances, the MakerDAO dilutes the supply of the MKR token. The MakerDAO system also destroys MKR tokens by auctioning DAI from Maker Protocol’s excess surplus, offering higher incentives to MKR holders to participate in the decentralized governance process.

Crypto Asset to Trade and HODL

As a native token of MakerDAO and Maker Protocol, one of the oldest DeFi projects in the industry, the MKR token enjoys high demand among crypto traders and investors worldwide. You can buy or sell MKR or hold it long-term if you believe in the potential of the Maker ecosystem. Check the current Maker price, MKR market cap, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the MKR price chart before placing a new trade.

Earn Passive Income

In addition to participating in governance via MakerDAO and earning incentives, KuCoin offers a risk-free and convenient way to grow your crypto holdings through MKR. Head to our Crypto Lending section to lend liquidity in MKR to the exchange and earn more MKR attractive daily interest over seven days, 14 days, or 28 days.

MKR is the governance token of one of the most popular DeFi platforms on Ethereum, making it a popular digital asset to invest in. As one of the top 50 cryptocurrencies by market capitalization, it is backed by a stellar reputation of the project and the popular DAI stablecoin, which enjoys high usage, especially among DeFi investors.

The MKR price could experience an uptrend amid the rising adoption of DAI and increased participation within the Maker community. As a result, the Maker token could be considered a worthy investment to include in your portfolio.

In addition to an uptick in using stablecoins in general and DAI in particular, a higher interest in DeFi could also increase the MKR price. As the token of one of the world’s biggest and oldest DeFi projects, the MKR price statistics could enjoy considerable support from a higher interest in decentralized finance, especially among mainstream and institutional investors.

Finally, the Maker price could also tick higher amid a bullish sentiment in the crypto market. When there is more buying interest in digital assets among investors, all tokens across the board turn more valuable as investor confidence in the market increases.

At the time of MakerDAO’s launch, 1 million MKR tokens were created. Since then, the DAO generates or destroys MKR tokens based on various factors.

Since MKR functions as the recapitalization source for the Maker Protocol, its community votes to destroy tokens and adjust its circulating supply whenever there is a deficit in collateral backing the DAI coin. On the other hand, the total supply is diluted by creating new MKR tokens whenever there is an excess supply of DAI in the market.

As of July 2022, the circulating supply of MKR coins stands at just over 977,000 tokens. The max supply of the cryptocurrency stands at a little more than 1 million. You can find the most updated information on MKR circulating supply on Etherscan.

There are many ways to grow your crypto portfolio by investing in Maker coins. Here are some of them:

Trade MKR

Buy or sell Maker token against other crypto assets based on the price action in the crypto market. However, trading MKR requires a considerable understanding of fundamental, technical, and sentiment analysis if you wish to increase the likelihood of placing successful orders and reducing losses. It can also be risky due to the inherently volatile nature of the crypto market.

Hold MKR

The MKR crypto has increased in value over the years as the Maker Protocol and its DAI stablecoin become increasingly popular among crypto investors. You can buy and hold MKR long-term to reap the rewards.

However, you must be patient to watch your crypto investment grow, as it could take time. You must also be willing to take risks as you could lose some value during bearish cycles or when the market experiences a correction temporarily.

Lend MKR

You can lend liquidity in MKR on KuCoin and other supported platforms to grow your crypto holdings risk-free and safe. Perform careful online research to find the best returns and most reputed platforms where you can lock in your MKR tokens in exchange for attractive returns.

Participate in MakerDAO Governance

As a community member, you can participate in the active governance of the Maker Protocol. Your votes can decide the profitability and contribute to the overall growth of the Maker ecosystem. Being proactive and engaged is a great way to make the Maker Protocol develop further, and in the process, you can make MKR even more valuable an asset.

Stake MKR

Some CeFi exchanges and DEXs offer the option to stake MKR on their platforms in exchange for APYs. Opt for the Stake and Earn feature on supported exchanges to stake your Maker tokens and earn attractive interests.