Serum - A decentralized exchange in hyper-drive

Serum (SRM)

What is Serum?

Serum is a Decentralized Exchange (DEX) built on the Solana blockchain that allows users to swap assets. Unlike Uniswap and other Ethereum DEX’s, it uses an order book that matches buyers and sellers’ requests, similar to exchanges in the traditional financial markets.

Why does Serum have value?

Serum is a high performing protocol thanks to the Solana blockchain. It is decentralized and provides cross-chain functionality unlike most DEX’s. Moreover, it is compatible with Ethereum and provides interoperability for ERC-20 tokens. The use of the SRM token grants discounts, rewards, and other benefits to its token holders.

What are the benefits of Serum?

●       Large capital reserves and a thriving ecosystem.

●       Transactions are instant and low-cost.

●       It has cross-chain functionality.

What are the disadvantages of Serum?

●       DEX’s using the order book model can have liquidity issues.

What are SRM’s tokenomics?

The total token supply of SRM is 10 billion. When Serum launched in August 2020 there was an initial circulating supply of 1 billion; accounting for 10% of the total amount. The remaining 90% have been scheduled to be unlocked over 6 years concluding in August of 2027.

Who founded Serum? 

FTX, Alameda Research, and the Solana Foundation, led by Sam Bankman-Fried.

Who are Serum’s investors?

The Serum team has conducted six funding rounds, raising over $20 million. The main investors are CoinFund, Jump Trading, GBV Capital, Chris McCann, Kenetic, Lemniscap, Casper Cheng, Edith Yeung, Evernew Capital, and Sino Global Capital.

Concise Crypto Grade:

A  -- Serum is one of the best decentralized exchanges in the crypto industry. It doesn’t hurt that it is built on Solana which means it’s fast and has low fees. There are a variety of benefits to using Serum and holding the SRM token, including discounts and staking rewards. The ecosystem being built on Serum is growing everyday and if you are an institutional trader from the tradition financial markets that’s looking to get into crypto; with Serum you’ll find anything and everything you could want.  

Where can I buy SRM?

Binance, FTX, Huobi Global, Bithumb, KuCoin, Gate.io.

What ecosystem does Serum run on?

Solana