Introduction
Serum (SRM) emerged on August 11, 2020, following dual Initial Exchange Offerings (IEOs) on FTX and BitMax. Six million tokens were sold at $0.11 each.
Serum is a decentralized exchange (DEX) built on the Solana blockchain, enabling seamless trading of Solana-based SPL tokens.
👉 Explore Serum's official website
Key Features of Serum
1. Decentralized Order Book
- Serum employs a decentralized order book managed by smart contracts, mimicking traditional exchanges.
- Users retain full control over pricing and order size, unlike Automated Market Makers (AMMs) like Uniswap.
2. Cross-Chain Trading
- Supports trading of tokens from other blockchains (e.g., Ethereum, Polkadot).
- Utilizes collateralized smart contracts to ensure secure cross-chain swaps.
3. Speed and Low Fees
- Leverages Solana’s high throughput (50,000 TPS) and negligible transaction costs (<$0.01 per transaction).
The SRM Token: Utility and Governance
Primary Uses of SRM
- Fee Discounts: Holders receive up to 50% off transaction fees.
- Staking Rewards: Earn rewards by staking SRM in the network.
- Governance: Stakeholders vote on platform upgrades and parameter adjustments.
Tokenomics
- Total Supply: 10 billion SRM.
- Circulating Supply: 50 million (90% locked initially).
- Vesting: Tokens released linearly over 7 years.
👉 Learn more about SRM staking
How to Buy Serum (SRM)
Step-by-Step Guide
- Choose an Exchange: SRM is available on major platforms like Binance, Bybit, and KuCoin.
- Create an Account: Complete KYC verification if required.
- Deposit Funds: Use fiat or crypto to fund your account.
- Trade: Buy SRM via spot or derivatives markets.
FAQs About Serum (SRM)
1. What is Serum’s current price?
- As of now, SRM trades at $2.45 (€2.27).
2. What is Serum’s all-time high?
- ATH: $13.78 (€11.66), an 80.51% drop from peak.
3. How do I stake SRM?
- Connect a Solana-compatible wallet (e.g., Phantom) to Serum’s DEX and stake via the governance portal.
4. What’s Serum’s market cap?
- $598 million (€598 million).
Conclusion
Serum combines the efficiency of centralized exchanges with the trustlessness of DeFi. Its cross-chain capabilities and robust tokenomics make SRM a compelling asset for traders and stakers alike.
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