$MKR is about to be renamed, find a spot to enter and eat meat!
Major good news: Binance officially announces and supports the MKR token swap, and the plan to increase and upgrade to SKY. This will be completed on July 25. Before that, the market will continue to speculate, and market enthusiasm will be relatively high.
MKR is the governance token of MakerDAO, the world's largest decentralized credit lending protocol, backed by a DAI ecosystem with a scale of nearly 5 billion dollars.
On one hand, holders can vote on key proposals such as stability fees and risk parameters; on the other hand, MKR serves as the final collateral asset and will be burned to compensate the Dai system in case of a shortage, which is the "value recovery" mechanism.
DAI has become one of the most mainstream DeFi stablecoins, consistently ranking in the top tier in terms of circulation. The value logic of MKR is closely linked to the issuance of DAI and its collateralization ratio.
Friends can take a look at the previous EOS renaming event, where there was continuous speculation before the renaming, and MKR's intraday performance was also relatively strong, with a slight increase. There is a significant increase in trading volume on the 4-hour and daily charts, so it would be wise to wait for a pullback to find a spot to enter.
