MKR is the utility token of the Maker platform, which functions as the backbone of the DAI stablecoin. As one of the first ERC-20 tokens to launch on the Ethereum network, DAI and Maker have a complex relationship governed through MKR tokens. MKR price is updated and available in real-time on Binance.
MKR offers a number of uses in the Maker ecosystem, including governance. MakerDAO was one of the first decentralized autonomous organizations (DAOs) to launch and use active proposal smart contracts that feature a high degree of transparency and provide participants with control over the Maker platform.
MKR plays an important role in decisions like risk management actions taken by Maker, the addition of new collateralized currencies, and other changes, such as modifications of risk parameters in the issuance of DAI.