MakerDAO Plans To Optionally Redenominate 1 MKR Into 24,000 NGT Tokens As Part Of Endgame

Quick Summary:

MakerDAO has planned an optional conversion of each MKR governance token into 24,000 NewGovToken (NGT) tokens as part of its Endgame plan.

The redenomination aims to broaden participation in MakerDAO’s governance by allowing more users to hold significant amounts of NGT.

This is part of its strategic Endgame plan, which is expected to launch in the coming months.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: 1 MKR Optionally News NGT Tokens Redenominate Latest News Endgame MakerDAO

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 07:30:13 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22226064

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