SRM - In Sam (Bankman-Fried) we trust

The SRM is a utility token used on the Serum ecosystem. Its cross-chain swap protocol allows users to exchange assets between blockchains in a trustless manner. Serum offers a decentralized automated full limit order book that provides traders with full control over each order. The full Ethereum and Solana integration makes Serum faster and more efficient while also allowing it to be interoperable with ERC20 tokens. The physically settled cross-chain contracts allow easy margin positions in DeFi on synthetic assets. SerumBTC is a model for creating ERC20- or Solana-based tokens for Bitcoin (BTC) and SerumUSD is a model for creating a decentralized USD-pegged stablecoin. Staking rewards are distributed on the basis of the nodes’ performance, which takes into account important on-chain actions, such as supplying blockchain histories for cross-chain settlement validation. Users can also stake towards another node. A portion of a node’s staking fees goes to the leader and all nodes receive staking results. These rewards increase through productive participation in node duties. https://coinmarketcap.com/currencies/serum/ 

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SRM - In Sam (Bankman-Fried) we trust

bullish

The SRM is a utility token used on the Serum ecosystem. Its cross-chain swap protocol allows users to exchange assets between blockchains in a trustless manner.

Serum offers a decentralized automated full limit order book that provides traders with full control over each order. The full Ethereum and Solana integration makes Serum faster and more efficient while also allowing it to be interoperable with ERC20 tokens.

The physically settled cross-chain contracts allow easy margin positions in DeFi on synthetic assets. SerumBTC is a model for creating ERC20- or Solana-based tokens for Bitcoin (BTC) and SerumUSD is a model for creating a decentralized USD-pegged stablecoin.

Staking rewards are distributed on the basis of the nodes’ performance, which takes into account important on-chain actions, such as supplying blockchain histories for cross-chain settlement validation.

Users can also stake towards another node. A portion of a node’s staking fees goes to the leader and all nodes receive staking results. These rewards increase through productive participation in node duties.

https://coinmarketcap.com/currencies/serum/ 

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read-time
1 min

6.26

Target Price

8/ 10

Confidence

2-6 Months

Timeframe
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