CoinList’s mission is to help the world’s most impactful crypto projects grow and succeed. We’ve worked with top projects to power their token sales and auctions, and to connect developers to their ecosystems. As a natural next step, we’ve launched an easy-to-use trading platform with support for BTC, ETH, ALGO, and OXT.
We are proud to announce the next assets available for trading on CoinList: MKR and Multi-Collateral DAI.
MakerDAO is a leader in the DeFi movement and the protocol behind the two tokens, MKR and DAI. The DAI is a stablecoin that maintains a roughly 1:1 peg to the USD. While many competing stablecoins on the market are backed by “fiat” reserves of government-issued currencies, the DAI stablecoin is backed by other cryptocurrencies, Ethereum (ETH), Basic Attention Token (BAT), Wrapped Bitcoin (wBTC) and others. DAI’s primary purpose is to provide users with a stable value crypto to use on the Ethereum network without relying on traditional financial infrastructure.
The MKR token, on the other hand, enables governance for the Dai Credit System. Holders of MKR make key decisions on the operation and future of the system. By creating a crypto-backed stablecoin controlled by a unique DAO governance structure, the team at MakerDAO is enabling a broad “tokenized” economy that can exist solely on the blockchain.
CoinList has long been a believer in Maker, and we are proud to support trading for MKR and DAI. As decentralized finance continues to grow, there must be a robust, compliant, and trustworthy market for these assets. CoinList is committed to supporting that growth.
We will announce the official trading date shortly. In the meantime, CoinList users can now deposit MKR and DAI directly into their CoinList wallets in preparation for trading.
Deposit MKR and DAI now — https://coinlist.co/dashboard
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