SRM Coin price Prediction – What you need to know about the serum project – Review and Chart 2022
SRM Coin Price Prediction 2024
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Another interesting project in the Solana ecosystem is Serum. serum? Serum is a decentralized exchange built on the Solana network, with a large number of applications and tools. So SRM Coin ? SRM is the cryptocurrency of the Serum ecosystem and serves to pay transaction fees on the network. It also has other important functions.
Contents
1 serum?2 SRM Coin ?3 How does the serum ecosystem work?4 What sets the Serum Project apart from other DeFi projects features4.1 Speed4.2 Centralized on-chain order books4.3 Transaction fees4.4 Efficiency4.5 Exchanges between chains5 The future of the Serum project
According to the developer team of Serum; While people use financial instruments, they do not have to trust any person or institution. The transparent service models offered by decentralized exchanges (DEX) should be accessible to all, fast and subject to low fees. Decentralized Finance (DeFi) systems built on blockchain networks; While bringing solutions to the chronic problems of central financial systems, the new methods used bring new problems to be solved.
Using SRM as its native cryptocurrency, the Serum ecosystem is where other DeFi projects live; focused on solving problems such as speed, efficiency, arbitrage losses and high transaction fees. It effectively combines decentralized finance systems and centralized finance methods.
SRM Coin ?
The native cryptocurrency of the Serum Ecosystem is SRM Coin . All transaction fees within the ecosystem are converted to SRM and sent to the project wallet to be burned. Users with SRM pay 50% less fee for their transactions within the ecosystem.
How does the serum ecosystem work?
Another token called MSRM (Mega Serum token) is used within the ecosystem. . One MSRM token is equivalent to one million SRM. Both can be easily converted into each other. The MSRM token is necessary for the creation of “nodes” that perform important tasks to optimize the performance and efficiency of the Serum ecosystem. A node must host at least one MSRM and at least 10 million SRM. Each node created has a “leader” assigned to maintain its operation, and as the node performs its task, it earns its leader a reward in SRM.
In the serum ecosystem, the total SRM supply is distributed as follows:
20%: Developer team and consultants 22%: Project contributors 4%: Locked early-stage investments 27%: Partners and contributors 27%: Ecosystem Incentive Fund
What sets the Serum Project apart from other DeFi projects
Speed h3>
One of the important problems that the serum team thinks needs to be overcome is the long time required for the processes to take place.
It is a strategy that has provided high profits to those who prefer it
, especially in the early stages of relatively newly established crypto money markets. In order to prevent serum users from paying price difference, “Above Chain Central Order Book” is used. Unlike standard Automated Market Makers (AMMs), users completely determine the direction, price and size of their trades. In case of a mutual match, users can acquire the assets they purchased without the differences that occur during order matching.
Transaction fees
The transaction fees, which increase especially when the network is busy, are large for users who make low-volume transactions. is causing a problem. In order to overcome this problem, Serum uses the Solona network and can perform 50 thousand transactions per second.
Efficiency
DeFi systems within the serum ecosystem provide their users with the most comfortable decentralized system possible with their simple and convenient interface preferences. It aims to provide trading experience.
Exchanges between chains
Based on Solana’s SPL standard, it is also available on the Ethereum blockchain in the ERC-20 standard.
The future of the serum project
Users who have locked their assets in the nodes in the serum ecosystem currently have a limited say in the operation of the system. The project aims to have its users more say in project management in the future. Serum, which will guarantee its users to find the equivalents of smart contracts and stable Coin s, aims to build more bridges between networks with the SerumBTC token it currently uses.
SRM; It can be purchased from exchanges such as Binance, FTX, KuCoin , Gate.io, Uniswap and many more. It is trading at $2.95 as of March 24. Progressive DeFi project Serum, which has gained 58% since last week, is an investment that should be considered by crypto influencers and whales in the long term.
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