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MKR is an ERC-20 token built on the Ethereum blockchain and is the governance token for MakerDAO. MKR is used for voting on changes to the Maker Protocol and DAI stablecoin. Maker Protocol is a decentralized autonomous organization or DAO meaning there is no central power structure or bias. Any changes are the result of holders of MKR voting on decisions!
With a Zengo wallet, it has never been easier to buy, sell, trade, and hold crypto. Zengo is a secure, keyless, and non-custodial wallet and the best method for veterans and beginners to crypto.
Zengo has all the features you need – easy access to your coins, quick trades on the crypto market, state-of-the-art security, and guaranteed recovery if you lose your device. Zengo does all this and more!
Here are the best features of our MKR wallet:
With Zengo, you will never need another tracking app or to waste time on forums. Zengo gives you flexible access to the data you need on the go. Effortlessly manage your portfolio, trade cryptocurrencies, and stay on top of market trends – all with the Zengo app.
Zengo keeps sending and receiving MKR tokens simple! With a couple of taps, you can send MKR anywhere. Receiving is even easier, just share your wallet address with whoever is sending you crypto. The second your coins arrive Zengo will make sure you get a notification.
You do not have to trade your existing crypto assets to get the new tokens you need. The Zengo keyless wallet makes sure MKR can be bought in moments with Euros, Dollars, or Pound sterling.
With a Zengo wallet, you can buy MKR and other tokens with multiple payment options. Buy crypto with VISA, Mastercard, SWIFT, mobile apps, SEPA, and Bank Transfer (In the EU or UK, minimums apply).
If you choose to hold MKR tokens for an extended period, Zengo is your best option! Our intuitive and powerful recovery methods are combined with state-of-the-art security measures. Zengo ensures you never need to worry about losing access to your crypto, even if something happens to your device.
Our savings service offers better interest on savings than most banks! Please note, however, this offer is only for specific coins, but keep checking in because new options are added frequently.
Thinking about investing in MKR? Here are the key points to know about the project:
MKR is the governance token for MakerDAO and Maker Protocol. Individuals that hold MKR can vote on changes to the Maker Protocol put forth by the MakerDAO. Maker Protocol also allows anyone to mint DAI stablecoin by using cryptocurrency as collateral.
MakerDAO was founded by current CEO Rune Christensen in 2015. In 2017 the MKR governance token was released along with DAI stablecoin, now a “backbone” of the defi space.
MKR exists to ensure the MakerDAO can be governed by a community in a democratic fashion and keep the Maker Protocol decentralized. The MakerDAO is an autonomous entity with no single point of failure or human controller.
People and organizations that hold MKR tokens can vote on various changes to the Maker Protocol. Some examples are fees, savings rates, or what collateral can mint DAI. MKR can also be minted, bought, and sold by MakerDAO to balance the protocol’s books.
The Maker Protocol published its whitepaper in 2017 when both MKR and SAI (the precursor to DAI) were released to the public. In 2019, DAI was created and has become one of the most used stablecoins on the planet.
No. The easiest way to get MKR is with a Zengo wallet or on exchanges. It is also possible to buy from auctions held by the MakerDAO, however, this can be difficult for new users. MKR can be staked, but generally for governance, not rewards from fees.
Initially, there were 1 million Maker tokens minted. However, because of MKR auctions and other actions taken by the MakerDAO this amount is constantly changing as tokens are burned or minted. You can view the current supply on Etherscan here.
MKR is an ERC-20 token that runs on the Ethereum blockchain along with DAI stablecoin, collateral vaults for minting DAI, oracle services that provide data, and the governance platform for the MKR token.
Because DAI stablecoin has become an extremely popular token for Defi many users are invested in DAI’s success. Those pushing for adoption are incentivized to purchase and participate in MakerDAO. These users buy MKR and it becomes scarce.
We know flexibility and ease of use shouldn’t impact the safety of your assets. With Zengo, all your tokens are secure and available to access at any moment.
Zengo’s state-of-the-art security does not interfere with your ability to use your crypto. The Zengo wallet was designed in a way that ensures maximum accessibility and control over your assets.
You can trust Zengo to keep your crypto safe. We use advanced 3-factor authentication, the latest facial recognition technology, and threshold key signature (TSS). Zengo’s security makes it nearly impossible for hackers to access your tokens.
In just a few taps you can buy, send, and trade MKR with Zengo. Even though Zengo is fast and easy to use, you always start in control of your tokens. The Zengo wallet has no minimums, maximums, or hidden costs, so everyone can access crypto!
Zengo knows providing a non-custodial wallet is important, while always guaranteeing the recovery of your MKR coins. If your device goes missing or breaks, our biometric verification system lets you be certain your funds return to you.
Who needs bots when you can talk to a trained professional? Zengo’s live in-app support is available 24/7 to help solve any problem you might have.
Still wondering about something we haven’t covered? Look for the answer in our Q&A below.
Zengo makes sure trading and holding MKR is easy. Just download the app from Google Play or the App Store. After it is installed, follow a few quick steps to verify your identity. Then head over to the home screen to make your first purchase of MKR tokens!
To hold and store Maker MKR tokens, you’ll need a crypto wallet that supports it! Our biometrics and advanced security systems keep your crypto safe from hackers. Even if something happens to your device, Zengo’s authentication tools can recover your assets, so you can know your crypto is safe.
To hold MKR tokens, you need a wallet that can support them. A crypto wallet is proof you have ownership over your coins. This means with Zengo, you can buy, trade, and hold MKR tokens with ease.
Creating your MKR Zengo wallet is easy! Simply follow these five steps:
Welcome to Zengo! You are now prepared to purchase your first MKR tokens.
The moment you open your Zengo account a unique wallet address is generated. To find it, tap MKR on the wallet home screen, and swipe right. You will see a string of numbers and letters- this is your wallet address. To receive MKR, share this address with the sender. If they are nearby, just have them scan the QR code above the letters and numbers!
To receive MKR, make sure the sender has a wallet that supports the token. If they haven’t found one yet, just send an invite to install Zengo!
If you want to send MKR, open your Zengo home screen, select the token, and swipe left. Make sure you know the person’s wallet address so you can follow all the prompts. Hit SEND and your friend will be notified that his MKR tokens have arrived in his wallet.
If you have the Zengo crypto wallet, this can be done with just a couple of quick taps!
Locate MKR on your Zengo home screen, select it, and then swipe left. Have the receiver share their wallet address, follow the in-app prompts, and hit send.
Once the person receiving the tokens gets a notification, the funds have arrived.
To receive MKR, give your MKR wallet address to whoever is sending you tokens. In order to find your address, select MKR on the Zengo home screen. Click on it, and swipe right. The app will reveal the numbers and letters that are your MKR wallet address. Then just have the sender scan your QR code or copy out all the numbers and letters. The second your funds arrive, Zengo will make sure you get a notification!
Disclaimer: The information provided herein is for educational purposes only. Zengo does not provide any investment or financial advice whatsoever. As with any financial or investment decision, conduct your own research and due diligence to properly evaluate the benefits and risks of any investment or financial transaction and seek the advice and guidance of qualified financial professionals, in connection with any investment or financial transaction.
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