Why is MKR considered a valuable asset for cryptocurrency investors?

1 answers

• May 11, 2022 · 3 years ago
  MKR is considered a valuable asset for cryptocurrency investors because of its role in the MakerDAO platform. As the governance token, MKR holders have the power to vote on important decisions and proposals within the MakerDAO ecosystem. This gives MKR holders a say in the future direction and development of the platform, making it an attractive investment for those who believe in the potential of decentralized governance. Additionally, MKR is used as collateral in the MakerDAO system, creating demand for the token. MKR holders are also entitled to a share of the fees generated by the platform, providing them with a passive income stream. These factors contribute to the value of MKR as an investment.
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