Serum - a decentralized exchange (DEX) and ecosystem that provides unparalleled speed and low transaction costs for decentralized finance (DeFi).
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Description of Serum
Serum is the only high performance DEX, built around a centralized limit order book and matching engine. Ecosystem Partners can build Serum's online order book to share liquidity and make their trading features available to institutional and retail users.
In light of the popularity of DeFi and the rise of DEXs on Ethereum, users and developers are limited by high gas costs and slow transactions. The platform aims to address these traditional DeFi issues, as well as issues of centralization, poor capital efficiency and liquidity segmentation. The SRM Governance Token allows users to receive transaction discounts and voting rights. 100% of exchange fees go back to SRM through buy and burn, staking rewards and ecosystem grants.
Project feature
The SerumDEX platform has attracted intense community attention and significant investment. The project was born as a result of the combined efforts of the well-known derivatives trading platform FTX and the Solana blockchain platform.
The features of the platform are as follows:
| 1 | Decentralized oracle. |
| 2 | Interaction with other blockchains. |
| 3 | Modern order book. |
| 4 | Low cost and high speed of transactions that do not require waiting for execution. |
The Solana blockchain, powered by SerumDEX, demonstrates high transaction speeds with low fees. In addition, the platform is able to interact with other blockchains, including Ethereum. According to the developers, this will give SerumDEX a competitive advantage over decentralized exchanges like Uniswap or Balancer.
Buying and selling tokens
The emission of SRM tokens promises to be gradual. In total, it is planned to issue about 10 billion tokens. But the volume of the initial issue will be limited to a small amount - 181 million. Another 15% will be unlocked annually.
- Serum (SRM): the backbone of the Serum ecosystem on native Solana infrastructure, cross-listed as an ERC20 token.
- MegaSerum (MSRM): equals 1 million SRM on Solana native infrastructure, cross-listed as an ERC20 token.
Investors have access to SRM staking, which allows token holders to receive passive income. However, to participate in a staking node, you need to stake 10 million SRM and one MegaSerum (MSRM), equal to one million SRM. The SRM token can be bought and sold on a number of exchanges, including Binance, OKEx, HBTC, BitZ, Xtheta Global, FTX.