Dear all ABIT users:
We are glad to announce that MKR（MakerDAO） will be officially listed by ABIT.com from Singapore time September 17, 2020.
- Deposit Opening：13:00, Sept 17, 2020 (Singapore Time)
- Trading Start：13:00, Sept 18, 2020 (Singapore Time)
- Withdraw Opening：13:00, Sept 19, 2020 (Singapore Time)
- Trading Pairs：MKR/USDT
MakerDAO is a decentralized stablecoin platform, operating on the Ethereum blockchain. By staking the MKR token, users can vote on network specs and governance initiatives, including the stability fee, collateralization rates, and assets allowed to be used as collateral, etc. Users may deposit predetermined assets as collateral against which they may print the DAI stablecoin. The MakerDAO platform has built an infrastructure that aims to stabilize the price of DAI at 1 USD. When a user decides to deposit DAI stablecoins into her Vault and withdraw her collateral, she is also required to pay an interest, or stability fee, to the network. Stability fees are also used to buy back MKR tokens from the open market, which are subsequently burnt.
Risk Warning: Digital assets are innovative investment products with great prices fluctuation. Please make a rational judgment on your investment ability and make investment decisions cautiously. We wish you a pleasant deal.