NewGovToken

MakerDAO launches updated versions of MKR and DAI tokens, namely NewGovToken (NGT) and NewStable (NST). 

MakerDAO to Launch NewGovToken and NewStable

<img src="https://static.bittime.com/cms-static/upload/Maker_DAO_to_Launch_New_Gov_Token_NGT_and_New_Stable_NST_1879d1b4d6.webp" alt="MakerDAO to Launch NewGovToken and NewStable" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;MakerDAO announced plans for the “Endgame Plan”. This plan includes the launch of the newest versions of the MKR and DAI tokens, namely NewGovToken (NGT) and NewStable (NST).&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Convert MKR Tokens to NGT</h2>One of the main points of the Endgame plan is the introduction of NewGovToken (NGT), which will replace some of the functions of MKR as a governance token.&nbsp;Each MKR token can later be converted into 24,000 NGT. However, this conversion is optional, meaning users can choose to keep using MKR or switch to NGT.The goal of this conversion is to enable broader participation in platform governance. With more users holding NGT tokens, the decision-making process in the MakerDAO ecosystem is expected to become more democratic.&nbsp;Additionally, NGT tokens can be converted back into MKR, providing additional flexibility for token holders.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/makerdao-luncurkan-fitur-aktivasi-newgovtoken">MakerDAO Launches NewGovToken Activation Feature, Upgrades MKR Tokens to NGT!</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">New Stablecoin Launch: NewStable (NST)</h2>Apart from NGT, MakerDAO will also launch a new stablecoin called NewStable (NST), which is pegged 1:1 with the DAI token. Users can choose to upgrade DAI to NewStable at any time, with an exchange ratio of 1 DAI = 1 NST.&nbsp;Users can also convert NewStable to DAI again if they wish. Good DAI and NST will remain available so users are free to choose the token they want to use.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/dogsairdrop?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/airdrop_dogs_bittime_14f57ae441.webp" alt="airdrop dogs bittime.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Flexibility for MakerDAO Users</h2>In this Endgame Plan, flexibility and freedom of choice for users is the main focus. Users are not required to upgrade to NGT or NST, so they can still use MKR and DAI.&nbsp;MakerDAO also added that the introduction of NGT and NST tokens will not immediately replace MKR and DAI, but will run concurrently, unless there is a different decision from the governance side in the future.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/migrasi-token-galxe-GAL-ke-gravity-G">Migrating Galxe (GAL) Tokens to Gravity (G), Here's How to Convert!</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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MakerDAO to Launch NewGovToken (NGT) and NewStable (NST).webp

MakerDAO to Launch NewGovToken (NGT) Token and Stablecoin NewStable (NST) 

MakerDAO launched the NewGovToken (NGT) activation feature. What is it? Read this article to find out!

MakerDAO Launches NewGovToken Activation Feature

MakerDAO to Launch NewGovToken (NGT) Token and Stablecoin NewStable (NST)

MakerDAO Launches NewGovToken Activation Feature, Upgrade MKR Token to NGT!