Focus on MKR, News + Fundamentals
News:
MKR announced yesterday the news of brand reshaping and token replacement. In the short term, there is a significant influx of speculative funds into MKR, and past token swaps or brand upgrade projects have often been subject to speculation (like EOS and BNX), with bottom speculation close to more than double the intensity. Will there be speculation before this wave of MKR goes live?
#MKR 🔥🔥🔥🔥🔥
The project team of MKR has been repurchasing and burning tokens. As a well-established altcoin, it has generated over $100 million in revenue in a year. The income from stablecoins, along with staking rewards, and repurchases reducing inflation have created an internal circulation.
Currently, it has pulled back to a certain support level. Cool will enter the market in batches on the hourly chart; the contract is tentatively set at 2500 for now, while the spot is 3000-4000. Once it stabilizes, I will continuously pay attention to the first news about MKR in the square. Currently, I will provide one-on-one guidance to fans. Interested friends can follow Cool.
Fundamentals:
MakerDAO is a decentralized organization dedicated to bringing stability to the cryptocurrency economy. The Maker protocol employs a dual-token system. The first token is Dai, a stablecoin backed by collateral, which provides stability. The Maker Foundation and the MakerDAO community believe that any business or individual looking to fully leverage the advantages of digital currency must have a decentralized stablecoin. The second token is MKR, a governance token that stakeholders use to maintain the system and manage Dai. MKR token holders are the decision-makers of the Maker protocol and are supported by the broader public community and other external parties. $MKR
