Deniz 
The distributed autonomous company behind the Dai stablecoin, MakerDAO, suggested an optional redenomination of its governance token, therefore transforming every MKR into 24,000 New Government Tokens (NGT). This is part of their recently launched strategic endgame plan.
MakerDAO pointed out that the redenomination seeks to enable more users to possess large quantities of the new governance token, NGT, therefore democratizing the decision-making process and enabling greater involvement in the governance of the platform.
MakerDAO will be launching a new stablecoin, NewStable (NST), pegged 1:1 with Dai alongside the NGT introduction. The current Dai and MKR tokens will stay operational, so users will be able to pick between the original tokens and their replacement.
MakerDAO said, “Both tokens are expected to stay unchanged for the foreseeable future unless governance decides otherwise.”
Emphasizing user choice, the plan notes that upgrading to NewStable and NewGovToken is optional. Users switching to the new tokens can go back to the original Dai and MKR, therefore maintaining the adaptability of the MakerDAO ecosystem.
MakerDAO also mentioned that eventually their ecosystem would “eventually explore ways to differentiate between Dai and NewStable.” The DAO claims Dai might keep its emphasis on crypto-native use cases in this configuration, and NewStable could aim for mass adoption.
Released by a distributed entity, Dai is the biggest U.S. dollar-pegged stablecoin available. With a market valuation of $5.2 billion, it also ranks as the as the third-largest stablecoin overall after Tether USD and Circle’s USDC.
With an expected quantity of one million tokens and a market capitalization of more than $2 billion, the Maker token rules the project.
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