What You Need To Know About The SERUM (SRM) Token

2022 年 4 月 7 日

What Is Serum?

Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi).

Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users.

In light of the popularity of DeFi and the growth of DEXes on Ethereum, users and developers are limited by high gas costs and slow transactions. Serum aims to resolve these traditional problems of DeFi, as well as issues of centralization, low capital efficiency, and liquidity segmentation.

The SRM utility and governance token enables users to receive discounts on protocol fees and voting rights; 100% of exchange fees flow back to SRM via buy-and-burn, staking rewards, and ecosystem grants.

Who Are the Founders of Serum?

Serum is an open source project created by a consortium of partners including FTX, Alameda Research, and the Solana Foundation.

Its development is currently supported by the Serum Foundation, backed by a group of experts in cryptocurrency, trading and decentralized finance. The project borrows much of its design and thought leadership from a wide number of firms in the cryptocurrency and finance industries.

What Makes SRM Unique?

Serum DEX’s on-chain central limit order book and matching engine provides liquidity and price-time-priority matching to traders and composing projects. Users benefit from this exchange model through the ability to choose the price, size and direction of their trades. Composing projects benefit from Serum’s existing architecture, bootstrapped liquidity, and matching service.

Serum’s utility token, SRM, enables holders to receive up to a 50 percent discount on their trade fees and stakers to vote and participate in the platform’s governance mechanism.

Serum’s native cryptocurrency, SRM token (sometimes referred to as SRM coin), derives its value from its utility on the network, as it is the preferred form of payment for transfer fees, and participants can spend SRM to enable reduced fees on Serum’s exchange.

How Is the Serum Network Secured?

Serum is built on Solana and is completely permissionless. Solana is a web-scale blockchain that can reach 50,000 transactions per second and 400ms block times. This is achieved through a verifiable delay function, known as SHA 256 hash chain. Serum’s design is meant to ensure that DeFi can compete against centralized services.

Where Can You Buy Serum (SRM)?

Serum (SRM) can be bought and sold on BitYard Exchange, The world’s leading cryptocurrency exchanges. Based in Singapore, Bityard is a crypto derivative trading portal that aims to simplify and facilitate leveraged trading with complex contracts and a simple trading approach. Despite being new in the market, Bityard has managed to gain the attention of several crypto traders looking for options trading opportunities.