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What is MKR(Maker）
Maker is a smart contract platform on the Ethereum chain that backs and stabilizes the value of stablecoin DAI through a dynamic system of overcollateralized Vault, autonomous feedback mechanisms, and appropriately incentivized external actors. MKR tokens are created or destroyed in accordance with price fluctuations of the DAI coin in order to keep it as close to $1 USD as possible, and is part of a fully inspectable system on the Ethereum blockchain. MKR tokens are continuously burned by the Surplus Auction of the Maker system, and provides holders with voting rights within Maker’s continuous approval voting system.
Token status and distribution
Total issued: 1005578
Website : https://makerdao.com/