Serum is a fully decentralized exchange created by Project Serum, other crypto assets and experts in the DeFi field to support cross-chain transactions without the trust of a third party. After the Serum Foundation creates the Serum Agreement, Serum will not have any authority restrictions, and Serum Foundation will not have any special rights in the Serum ecosystem. The entire Serum ecosystem will be completely handed over to users and run by the cryptocurrency community-completely decentralized.
The Serum project will issue the native token SRM. Its main function is similar to the platform currency of many centralized exchanges. The user's cost per transaction will be used by the system to buy back and destroy SRM. For SRM holders, holding currency can reduce transaction fees by 50%, and transaction fees can be paid using SRM.
In addition, Serum also designed another special concept: every 1 million SRM can be combined into a special MegaSerum (MSRM) token, and MSRM can also be exchanged for 1 million SRM. Users who hold MSRM tokens can get a 60% reduction in transaction fees, which is more attractive to users with larger transaction volumes.
In addition, in order to provide a decentralized cross-chain solution, the Serum system also has the role of a validator. You only need to pledge 10 million SRMs and include an MSRM to become a validating node, providing cross-chain services at the same time Part of the fee income is collected, and the verification node can also receive staking rewards distributed by the system.
Full name: Serum
Abbreviated full name: SRM
Total amount: 10,000,000,000
SRM/USDT transaction: https://www.gx.com/trade/SRM USDT
Official website: https://projectserum.com/
Block explorer: https://cn.etherscan.com/token/0x476c5e26a75bd202a9683ffd34359c0cc15be0ff
White paper: https://projectserum.com/serum_white_paper_zh.pdf
Smart contract: 0x476c5e26a75bd202a9683ffd34359c0cc15be0ff