What is the issuance amount of mkr coins?

The issuance of MKR coins is 1 million, which is fixed and used to govern the MakerDAO system. Holders can participate in system decision-making and voting. The initial 1 million MKR were raised through a token sale and are currently 66% owned by the community and 33% by initial investors. The issuance of MKR coins is fixed, scarcity increases with the increase in demand for governance tokens, and the destruction mechanism further enhances its scarcity.

MKR coin issuance: 1 million

MakerDAO’s governance token MKR issuance is 1 million pieces. This issuance is fixed, meaning no new MKR coins will be issued.

The role of MKR currency

MKR currency is used to govern the MakerDAO system. Holders of MKR currency can participate in the governance of MakerDAO and vote on system decisions. . For example, MKR holders can vote to decide:

• Adjustment of system stability fee
• Addition of new collateral
• Protocol upgrade

Having more MKR coins can increase the governance weight of currency holders.

Distribution of MKR Coins

The initial 1 million MKR coins were raised through a token sale. Since then, no new MKR coins have been issued.

Currently, the distribution of MKR coins is as follows:

• 66% is owned by the MakerDAO community
• 33% is owned by the initial MKR investors

Scarcity of MKR Coin

MKR Coin has a fixed issuance amount, making it a scarce asset. Over time, market demand for governance tokens may increase, which may cause MKR coin prices to rise.

In addition, the destruction mechanism of MKR coins further enhances its scarcity. When the system stability fee is paid, a portion of MKR coins will be destroyed. This could help offset inflationary pressure on the MKR coin.

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