Maker (MKR) is the governance token of the MakerDAO and the Maker Protocol, which are Decentralized Autonomous Organizations (DAOs) and software platforms respectively. Both are based on the Ethereum blockchain, which allows users to issue coins and manage DAI Stablecoin.
Essential details:
- The Maker protocol was developed in 2014 by the Maker Foundation and was opened to the public in 2017 with a vision of creating a Permissionless credit system where users are able to access for fund loans through the DAI Stablecoin.
- Maker token holders have the right to vote on changes to the Maker protocol.
- MKR coin is also a Utility token that is used for interest rates in the process of depositing-withdrawing funds on the Marker Protocol platform.
- Maximum supply 1,005,577 MKR
Whitepaper: https://makerdao.com/en/whitepaper/#overview-of-the-dai-stablecoin-system